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Banana Chips

Snack foods have become very popular among all age groups in India and its popularity is growing day by day. A variety of snack foods are presently available at reasonable prices but banana chips have gained popularity during the past years. Banana Chips are a popular snack eaten world over. It is high in saturated fat content. They are a tropical snack. These are hot, salty, crunchy fried plantain chips. It is served as part of a traditional meal in South India. It is very popular in many countries in the tropical belt. It is an alternative to potato and corn chips. Banana (Musa sp.) is the second most important fruit crop in India next to mango. Its year round availability, affordability, varietals range, taste, nutritive and medicinal value makes it the favorite fruit among all classes of people. It has also good export potential. They have great potential for growth due to their immense popularity and nutritional aspects. There are two different methods for making banana chips. One of these is to deep fry thin slices of banana in hot oil, in the same way as potato chips or crisps. The other is to dry slices of banana, either in the sun or using a solar or artificial dryer. The products made by the two methods are quite different. The deep fried chips tend to be a savoury, high calorie product that is eaten as a snack food. Because they are deep fried in oil they have a fairly short shelf life- up to 2 months maximum when stored in the correct conditions. The oil is prone to turning rancid and the crisps to becoming soft if they are not stored in air-tight containers. The overall size of the snack food market is estimated at Rs 45 to Rs 50 billion. The market is reported to be growing at 7 to 8 % annually. Chips are estimated to constitute nearly 85% of Indias total salty snack food market of about Rs 2,500 crore. According to a projection by Euromonitor International, the branded snacks market would reach a value of Rs 35 billion by 2012. About 90% of banana produced is consumed domestically as fresh fruit. Merely 5% is consumed in processed form providing a good potential for future processing. About 2.5% is only processed purely as banana products and the rest as an ingredient in other foods. About 17 varieties of products could be made from banana. The primary product of banana in market is fried chips and candy which constitute around 31%, rest as banana puree 9%, banana pulp 3%, banana beer 3%, banana chips 3%, banana powder 6% and others. There is a good market demand of all banana products. There is a very good scope for this product and new entrepreneurs should venture into this field. Few Indian Major Players are as under: Asian Home Products Private Limited Nenmani Agro Mills Pvt. Ltd. CTC Exports Pvt. Ltd. Planters Products Kalambe Food Products Nissi Foods Punitha Exports S. Vipra Food Private Limited Polawess Trading Neelgiri Herbals Food Agenda Tropical Synergy International Goodriche Traders Naska Food & Bakers Banaanaa Slice Travancore Foods
Plant capacity: 30000 Kgs/AnnumPlant & machinery: 5 Lakhs
Working capital: -T.C.I: 14 Lakhs
Return: 51.00%Break even: 53.00%
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