Manufacturing of Banana Wafers
Production of Banana Wafers (Deep Fried Snack Food). Business Plans & Investment Opportunity for Entrepreneurs.
Fried banana wafers are prepared by peeling and slicing fully matured but unripe bananas and deep-fat frying the slices in suitable edible oil or fat, or combinations thereof. The bananas are sliced breadth wise to give thin circles that are dropped straight into the frying medium held at proper temperature for a time to render them crisp. Salt and other seasonings are added after frying. When coconut oil is used, antioxidants are not found useful.
Related Projects: – Banana Products: Banana Flavour, Banana Puree, Banana Based Industries
Manufacturing Process
It is very well established and simple. It involves visual inspection and sorting of damaged potatoes and bananas and washing them in water. Then they are peeled and trimmed before slicing or cutting them to the required size. Then they are once again washed and dried. They are then fried and either salt or other spices/flavours are mixed homogenously. After cooling them, they are packed in pouches or plastic bags. A typical process flow chart is as under:
Washing, sorting and Peeling of potatoes and bananas
Slicing/ Cutting
Washing and Drying
Frying
Seasoning
Packaging
Slicing/ Cutting
Related Projects: – Food Processing and Agriculture Based Projects
Market Outlook
The Indian banana processing industry has reported a significant growth in recent years, and is presenting ample opportunities to the industry players. With cold storage, infrastructure enhancement and rising awareness about packaged processed banana products, the Indian banana processing market is poised to scale newer acmes. Moreover, change in taste and preference of the consumer, increasing demand for healthy and nutritional food and government initiatives are set to further boost the market’s growth.
The Global Snack Food Market was valued at USD 450 billion in 2017 and is expected to reach a value of USD 638 billion by 2023 at a CAGR of 5.79% during the forecast period (2018-2023). While the factors like demand for urbanization and change in lifestyle fuel the growth of the market, whereas government rules and health concerns are hindering the market growth. The growing demand in developing regions and development of innovative products provides ample growth opportunities.
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India will be the main market for this product. The Indian snack market is worth around US$3 billion. India is one of largest snack markets in Asia -Pacific region. There are approximately 1000 types of snacks and another 300 types of savories being sold in the Indian market today. Potato chips are most popular snack sold in the Indian market. There is a big market for snacks in India as urban Indian consumers eat readymade snacks 10 times more than their rural counterparts. Because of expanding nuclear families and more number of female professionals, India has witnessed a significant increase in the demand of ready to eat snacks and consumers are likely to replace light meals with snacks.
Over 90% of bananas produced in India are consumed domestically as fresh fruit. And it is estimated that processing in banana is only to an extent of 2.5% of which about 1.80% is used to process banana wafers. The rest is processed into the banana puree, panchamritham, banana pulp, banana beer, banana powder and so on.
Market Research: – Market Research Report
Key Players:-
A D F Foods Ltd.
Balaji Wafers Pvt. Ltd.
D F M Foods Ltd.
Haldiram Foods Intl. Ltd.
Hello Indo Food Products Pvt. Ltd.
Kishlay Foods Pvt. Ltd.
Laxmi Snacks Pvt. Ltd.
Parle Products Pvt. Ltd.
Prataap Snacks Ltd.
Pure N Sure Food Bites Pvt. Ltd.
Rishabh Food Products Ltd.
Sushma Snacks Pvt. Ltd.
Sweet India Pvt. Ltd.
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