Opportunities for Entrepreneurs to Start Own Business with Investment of 2.5 Crore (Plant and Machinery). List of Business with Huge Profits.
MSMEs play a noteworthy role in economic and social development, thereby providing flip to entrepreneurship, as they have inherent characteristics of being innovative and responsive to changing market dynamics. Being complementary to large industries this sector contributes hugely to the socioeconomic development of the country. MSMEs not only play a crucial role in providing large employment opportunities at comparatively lower capital cost but also encourage entrepreneurial activities in rural and backward areas.
Small business entrepreneurs have many opportunities that they can explore successfully; all they need is a great small business idea. In the ever-increasing startup ecosystem of today, everyone dreams of starting their startup and becoming a millionaire or a billionaire. However, most of the people remain confused between which business to start for maximum profit and which one has the least probability of failure and the main reason for this is the failure rate of startups.
Agar-agar is a mixture of Polysaccharides (agarose agaropectine) of a high molecular weight. Agar-agar belongs to the family of galactic polysaccharides. Agar has been used as an ingredient in desserts throughout Asia, and also as a solid substrate to contain culture media for microbiological work. Agar can be used as a laxative, an appetite suppressant, a vegetarian substitute for gelatin, a thickener for soups, in fruit preserves, ice cream, and other desserts, as a clarifying agent in brewing, and for sizing paper and fabrics.
The global agar market size was estimated at USD 255.18 million in 2018 and is anticipated to grow at a CAGR of 5.1% from 2018 to 2023. The exponential growth in the usage of this product is attributed to its various functional and health benefits. It contains 80% fiber and can be used as an appetite suppressant. It is also an important culinary ingredient as it acts as a substitute for gelatin and can be used as a thickener soups, in fruits preserves, ice cream and others desserts.
Asia-pacific is expected to have the highest growth rate due to the growing preference for vegan products. North American region has the highest share for agar market Europe has the second highest market for agar. Agar has a wide range of application, it is used to make ice cream, bakery and confectionaries, dairy products, sports and health foods, beverage. The powdered form agar is the most preferred form as it ease of usage coefficient is high.
Methyl Methacrylate (MMA)
Methyl methacrylate is an emote ester having meth acrylic acid as the carboxylic acid component and methanol as the alcohol component. It has a role as an allergen and a polymerization monomer. It derives from a meth acrylic acid. Methyl methacrylate monomer appears as a clear colorless liquid.
The global methyl methacrylate market is estimated to hold a volume of over 5.7 MN tons over the forecast period while growing at a CAGR of 3.4%. Rising demand for methyl methacrylate for the production of polymethyl methacrylate (PMMA) and many other polymers is drive the growth of the methyl methacrylate Market during the forecast period.
Growing demand from the transportation and automotive industries in the emerging countries as well as rising inclination towards low carbon-emitting vehicles is leading to growing consumption of methyl methacrylate adhesives. However, volatility in the prices of raw materials is hindering the growth of the market. The global MMA market is categorized into derivatives, substrate and region. Among derivatives, Poly (methyl methacrylate) is the leading segment, as MMA is mainly used as a raw material for poly (methyl methacrylate), which is in huge demand in the automotive, construction, and electronics industries. PMMA is mostly used as an alternative to glass in the automotive and construction industries.
Milk Packaging and Distribution (Ghee, Khoa, Cream, Toned Milk 3% Fat, Thandai, Shrikhand)
Milk is a valuable nutritious food that has a short shelf-life and requires careful handling. Milk is highly perishable because it is an excellent medium for the growth of microorganism’s particularly bacterial pathogens that can cause spoilage and diseases in consumers. Milk processing allows the preservation of milk for days, weeks or months and helps to reduce food-borne illness. India is one of the world’s largest producer and consumer of milk. It contributes to almost 9.5%of the global milk production.
Processing of dairy products gives small-scale dairy producers higher cash incomes than selling raw milk and offers better opportunities to reach regional and urban markets. Milk processing can also help to deal with seasonal fluctuations in milk supply. The transformation of raw milk into processed milk and products can benefit entire communities by generating off-farm jobs in milk collection, transportation, processing and marketing.
Global Milk Packaging Market was valued at $36,157 million in 2016, and is expected to reach at $49,809 million by 2023, registering a CAGR of 4.6% from 2017 to 2023.
Moreover, increase in demand for single serve milk packs is estimated to fuel the growth of the global milk packaging market during the forecast period. In addition, several health & nutritional benefits associated with the use of packaging materials have fueled the demand for milk in the recent years, which is expected to drive the global market.
Bauxite Calcination (by Rotary Kiln with Fine Grinding Ball Mill)
Bauxite is produced by sintering calcining of low iron, low alkali containing raw bauxites at temperatures of 1600 – 1800 degree Celsius. In this calcination process the high refractory mineral phase’s corundum and mullite are formed. Therefore calcined bauxite is one of the most important raw materials for the production of shaped and unshaped refractories for the steel industry, foundries, glass and cement plants. Calcined bauxite is available run of kiln uncrushed or in fractions and as ball milled powder according to customer’s requirements in bulk or bagged.
Global Calcined Bauxite market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. Demand for calcined bauxite-based refractories used principally in steel production continues unabated. The majority of standard refractory products incorporate a calcined or fire-treated form of bauxite for their raw material base.
China is now also the leading producer of refractories. Outputs tends at about 23m Tones. In the present paper, various aspects of calcined bauxite are discussed. India’s present position is compared with leading high grade bauxite producers of World China and Guyana. Based on various R&D work, proposals are put forward to produce high grade bauxite in India by complex mining sorting and beneficiation.
Namkeens (Dalmoth, Bhujia, Chana Chur and Khatta Meetha)
Namkeen is the Hindi word used to describe a savory flavor. The word namkeen is derived from the word Namak (meaning salt). Namkeen is also used as a generic term to describe savory snack foods. Both black and regular white salt are used in Indian cooking, which gives it the salty flavor many people like. Regardless of the salt used, namkeen recipes typically satisfy that salty food craving many people have. Other namkeen snacks common in Indian cuisine include khaara, farsan, chivda, sav, chips and bhujiya. Namkeen of Indore and Ratlam are two snacks that are very well known for their tastes.
The market is forecasted to grow with a CAGR of more than 7% in near future. Increasing consumer’s awareness towards healthy and packaged traditional snacks has created a huge demand of Namkeen in past couple of years. Indian consumers seem to have recovered their taste for traditional snacks such as farsan, bhujia and Namkeen going by the impressive growth rate of local firms such as Balaji Wafers and Bikanervala at a time when their multinational rivals are struggling.
With higher purchasing power resulted due to the high economic development of India has resulted in changing preference of Indian consumers. The consumers are observed to be shifting from loose packaging Namkeen to standard, local and regional, national brands. Major brands that operate into Indian Namkeen market are PepsiCo, Haldiram, Bikaji, Bikanervala, DFM Foods, Laxmi Snacks, Balaji Wafers
Milk Processing (Milk, Paneer, Butter and Ghee)
Milk is a valuable nutritious food that has a short shelf-life and requires careful handling. Milk is highly perishable because it is an excellent medium for the growth of microorganism’s particularly bacterial pathogens that can cause spoilage and diseases in consumers. Milk processing allows the preservation of milk for days, weeks or months and helps to reduce food-borne illness.
The usable life of milk can be extended for several days through techniques such as cooling (which is the factor most likely to influence the quality of raw milk) or fermentation. Pasteurization is a heat treatment process that extends the usable life of milk and reduces the numbers of possible pathogenic microorganisms to levels at which they do not represent a significant health hazard. Milk can be processed further to convert it into high-value, concentrated and easily transportable dairy products with long shelf-lives, such as butter, cheese and ghee.
The processing market in India is expected to grow at a CAGR of 20.5% over FY 2015 to FY 2020. The milk processing industry has traditionally been integral to India’s rural economy, and there are various factors contributing towards its growth. Recently, a number of established FMCG players ventured into the dairy segments through new product launches.
This will further aid in the development of the country’s milk Processing industry. Increasing urbanization in the country is bringing more consumers in touch with various processed milk products. This, along with the rising income of Indians, has ensured that the market continues to experience strong growth. Increasing urbanization, rising incomes, and the proliferation of food and grocery retail outlets across tier 2 and tier 3 cities has led to an increasing accessibility and demand for processed milk products in India.