Looking for a comprehensive food processing business plan in Nigeria for your personal use or to seek grants, and loans from investors, CBN, NIRSAL, and other institutions?
Many people across the world consume processed food in some form or another, necessitating the need for food processing factories to fulfill market demand. If you are an ambitious entrepreneur with the necessary beginning funds, expertise, and abilities, you should consider starting your own food processing firm.
It is critical to note that the food processing industry will never go out of style since people consume processed foods, vegetables, and fruits in various forms on a regular basis. The initial capital for this sort of business can range from moderate to large, depending on the scale you wish to start on. In fact, if you want to optimize revenues in your firm, you should manage a farm/plantation alongside your food processing plant.
If you are certain that this is the type of business you want to start after conducting market research and feasibility studies, the next step is to write a good business plan; a detailed blueprint of how you intend to raise your seed capital, set up the business, manage the flow of the business, sort out tax, and market your products, among other things.
FOOD PROCESSING FEASIBILITY ANALYSIS SAMPLE
1.0. Executive summary
Popo is a newly founded FMCG company. We are launching our food processing business because we want to capitalize on the numerous prospects available in the food processing sector, contribute to the growth of the Nigerian economy, export processed food to other nations, and profit.
Our customers’ best interests will always come first, and our principles and professional ethics will govern all we do. We shall hold ourselves to the highest standards by accurately and totally addressing the demands of our clients.
We were able to find the greatest people and machines to operate the firm with. We have put processes and strategies in place that will allow us to utilize best practices in food processing as mandated by Nigeria’s regulatory organizations.
2.0. Mission and Vision Statement
Our vision is to become a household name – brand, with our products available in supermarkets not only in Nigeria, but also on a worldwide scale.
Popo is a world-class food processing enterprise dedicated to growing and processing food, fruits, and vegetables for the Nigerian and global markets. We want our well-processed and well-packaged food goods to reach every corner of Nigeria and the rest of the world.
3.0. Market Trend
If you’re familiar with the food sector, you’ll note that diverse food consumption habits have had distinct consequences in different countries. To compete, food processing businesses have produced healthier and organic goods. Indeed, there are fluctuations in the food sector; canned food, fruit, and vegetable manufacturers are better insulated from agricultural price fluctuations, and organic food sales have offered a serious competitive threat to many industry participants.
Over the last five years, the food, fruit, and vegetable processing business has risen steadily as food processing companies have responded to quickly changing customer demands and lifestyles. Indeed, investors/entrepreneurs who own large farms find it simpler to build food processing businesses on their properties. This makes it easier for them to maximize revenues and, of course, to establish themselves in the sector.
4.0. Our Products and Services:
We are in the industry to make profits and we are going to do all we can to achieve our business goals. Here are some of our products;
- Canned food, fruits and vegetables
- Cheese and bacon production
- Dry pasta
- Hot sauce production
- Meal replacement product
- Pre-made salsa production
- Fruit and vegetable juices
- Ketchup and other tomato-based sauces
- Soup, stews and bouillon
- Dried and dehydrated fruits and vegetables (used as fruit flavors)
- Pickled products
- Jams and jellies
5.0. Industry Analysis
The international food, fruit, and vegetable processing sector consists of businesses that process and package food, fresh fruit, and vegetables for human consumption into canned, bottled, preserved, frozen, dried (excluding sun-dried), or otherwise processed or preserved food items. This industry’s players also combine salt, sugar, preservatives, and other substances with meals, fruits, and vegetables to create consumer food items.
According to a recent IBISWorld analysis, the Global Food, Fruit, and Vegetables Processing business has seen continuous demand over the five years to 2017, as economies of all sizes continue to consume processed food. Demand has expanded especially quickly in developing nations, as industrialization has resulted in more urbanization, higher per capita income, and an increase in the population of the middle class. As the global middle class expanded, so did the desire for higher-quality, more varied food.
Revenue in the business is predicted to grow during the next five years, through 2022. As manufacturers focus on healthy ingredients and less invasive processing procedures to maintain products as organic as possible, industry demand is likely to rise.
The survey also indicated that processed foods, fruits, and vegetables are produced in every part of the world. Low-tech food, food, fruit, and vegetable processors, such as fruit driers, are found in practically every country on the planet.
High-tech, large-scale fruit and vegetable processing businesses, on the other hand, are predominantly centered in Europe and Asia. Because industrial activities have been established in these places for a very long period, allowing time for the creation of big enterprises and superior food processing technology, these continents dominate the Global Food, Fruit, and Vegetables Processing sector.
According to statistics, there are around 32,123 licensed and registered food, fruit, and vegetable processing firms in the globe, directly employing approximately 507,446 people. The industry earns a whopping $290 billion every year, with an annual growth rate of -0.1 percent expected. It is vital to note that Kraft Heinz controls the majority of the potential market in this business.
If you want to make a lot of money by leveraging the food processing business, one of your best choices is to create a food processing factory. One thing is certain when it comes to beginning a food processing business: if you can undertake market research and feasibility studies, you will most likely not struggle to sell your products since there are people out there who are willing to buy from you.
How To Download The Food Processing Feasibility Study Template PDF and Doc
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