
Main Difference
The main difference between Tofu and Paneer is that the Tofu is a soy-based food used that is a protein source and Paneer is a fresh cheese common in the Indian subcontinent
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Tofu Tofu, also known as bean curd, is a food prepared by coagulating soy milk and then pressing the resulting curds into soft white blocks. It is a component in East Asian and Southeast Asian cuisines. Tofu can be soft, firm, or extra firm. Tofu has a subtle flavor and can be used in savory and sweet dishes. It is often seasoned or marinated to suit the dish. Tofu has a low calorie count and relatively large amounts of protein. It is high in iron, and it can have a high calcium or magnesium content, depending on the coagulants used in manufacturing (e.g. calcium chloride, calcium sulfate, magnesium sulfate). 
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Paneer Paneer (pronounced [pəniːr]) is a fresh cheese common in the Indian subcontinent. It is an unaged, non-melting soft cheese made by curdling milk with a fruit- or vegetable-derived acid, such as lemon juice. Its acid-set form, (cheese curd) before pressing, is called chhena. 
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Tofu (noun) A protein-rich food made from curdled soy milk. “bean curd” 
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Tofu (noun) An empty box or rectangle displayed by some systems in place of a character not supported by available fonts; □. 
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Paneer (noun) A soft, non-matured, Indian cheese. “The spinach was mixed with paneer to make a satisfying meal.” 
