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Groundnut Oil | |
| Groundnut oil is a vegetable oil derived from groundnuts. It is also called peanut oil. The oil has a strong peanut flavor and aroma. It is often used in American, Chinese, South Asian and Southeast Asian cuisine, both for general cooking, and in the case of roasted oil, for added flavor. Unrefined groundnut oil has a smoke point of 320°F/160°C and is used as a flavorant for dishes akin to sesame oil. Groundnut haulms are nutritious and widely used for feeding livestock. The groundnut oil is composed of mixed glycerides, and contain a high proportion of unsaturated fatty acids, in particular Oleic (50-56%) and Linoleic (18-30%). Cooking oil is an important and essential item in the FMCG sector. An average Indian consumes 15 Kg of oil in a year. Compared to other oils like sunflower oil, cottonseed oil, and soy oil, groundnut oil has more nutritional value. In addition to cooking, groundnut oil is used in the bakery and confectionery industry. Groundnut oil is used in soaps, salad oils, mayonnaise, etc. Groundnut oil is expensive compared to other oils. It has more vitamins, minerals, nutritional value and low levels of cholesterol. It is also suitable edible oil for Indian cooking. In India, groundnut is cultivated in 5.8 million hectares. Gujarat is the highest producer of groundnut oil in India. Groundnut seed contains 50-55% of the oil. It is one of the best oil seeds to extract oil from. Increasing use of groundnut oil in cosmetics are going to be one in all the primary drivers of the peanut oil market. The abrasive, volatizing, and cleansing properties of hot-pressed groundnut oil and its derivatives are boosting its application in BPC product and cosmetics, such as moisturizers and skin cleansers. Growing popularity of blended oil are going to be one in all the critical peanut oil market trends. The utilization of cheap alternatives, similar to vegetable oil in blended oil makes it more affordable than conventional oil. These advantages can boost the popularity of homogenized peanut oil and consequently fuel the growth of the peanut oil market. However, the high production cost of peanut oil is a major factor expected to restraint growth of the target market in the near future. In addition, high consumption of peanut oil results in various side effects in human health which is one of the major factors expected to hamper growth of the target market to a certain extent. Global peanut oil market is set to witness a steady CAGR of 4.25% in the forecast period of 2019- 2026. Groundnut oil is an all-purpose oil made from peanuts. It is generally used for it for its ‘nutty’ flavor and taste. It the oil is suitable for all types of cooking- frying, grilling and seasoning. Studies have shown that groundnut oil is just as effective in protecting against heart disease, as is olive oil. This is because it has similar properties and a similar fatty acid composition, as does olive oils. India is rated as the third largest producer of groundnut in the world with annual production of over 5-6 million tons. Gujarat, Andhra Pradesh, Tamil Nadu and Karnataka are the leading producers in the country and accounts for nearly 75% of the total output. Groundnut contributes to nearly 25% of total oil seed production in the country. As a whole any entrepreneur can venture in this project without risk and earn profit. | |
| Plant capacity: Groundnut Oil (1 Ltr Pack each): 35,178 Packs / Day Groundnut Oil (5 Ltrs Pack each): 3,015 Packs / Day Groundut Cake (100 Kgs Bag each): 637.5 Bags / Day | Plant & machinery: Rs 318 lakhs |
| Working capital: - | T.C.I: Cost of Project: Rs 838 lakhs |
| Return: 30.00% | Break even: 65.00% |
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