Peanut Butter - Largest Consuming Breakfast Product
Peanut butter, made from peanuts or also known as groundnuts, is a mixture of cleaned, graded, blenched, and roasted nuts. It is not butter but a paste full of proteins that are suitable for a fit and healthy mind and body, containing a minimum amount of oil of around 45 percent and a maximum amount of proteins of about 25 percent as compared to any butter products.
Related Project: - Peanut Butter
India, being in benefit of holding the majority of lands of groundnuts along with the highest peanut production every year, is a holder of highly nutritive food that is world-famous and used by youth and other age group people immensely, plus, it becomes quite obvious to regard this sector as a business boomer with a lot of already acquired advantages of its own. As per NIIR Project Consultancy Services (NPCS), the government of India is providing the basic amenities for SSI units completely; hence, there will be no barrier in setting up a business for the production of peanut butter. In addition to this, since India is the largest producer of peanuts, its manufacturing is still to be organized and so this sector can be explored fully.
Benefits of Indulging in a Peanut Butter Business
Related Projects:- Food Processing and Agriculture Based Projects
Peanut butter, the largest selling product, is immensely beneficial to be initiated with its business venturing. Some of them are as follows:
- Plant and machinery which are required to manufacture groundnut butter are easy to be procured without being highly sophisticated.
- Marketing is as well not a worrisome issue since the product is already known and the ingredients used in it are cheaper due to its production in India itself.
- Other seasonings used in it do not increase the weight of the peanut butter by a greater margin but only about 10 percent of the total product.
- It is majorly produced in India and China. Nearly 52 percent of the crop area and 60 percent of peanut butter’s production is accounted for by these two countries. Where India is at the benefit of producing 7.61 million tonnes of groundnut by cultivating 7.74 million hectares of the land as a result giving productivity of 991.8 kg per ha.
Global Growth of Peanut Butter Industry
Apart from India, South Africa and Egypt are the largest producers of groundnut, while Latin America, producing almost one half of the peanut may be credited to Argentina. As per our detailed analysis, almost 10,000 to 12,000 tonnes of peanut butter is being produced in India, out of which 90 percent is being exported all over the globe. Hence, it is an outstanding opportunity for business ventures and businessmen who want to take their business a step ahead can invest blindly into this sector with guaranteed success in India, being one of the primary sources of peanut production. India with successful peanut butter sales has a few companies already dealing and getting success in this sector which are as follows: Sonya Food Pvt. Ltd. United Foods, Bharat Kernels Pvt. Ltd. Bonville Food Pvt. Ltd. R.M. Foods, Saaz Foods. The forecasted increment in this sector is 3.3 Billion USD by 2023 along with a CAGR of 13 percent.
Related Books: - Food Processing, Food Industry, Agriculture, Agro Processing, Processed Food
Since it is new in the Asian region, having deeply rooted in western countries, it is obvious to have a lesser sale of peanut butter in Asian countries that is one of the reasons why most of the peanut’s production is sent to broad as a business. It is an opportunity for Asian countries to set up the peanut industry and grow along with it. For a further detailed report, please contact us (NPCS), and get various special details to initiate a strong business in this sector.
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