Project Report For Groundnut Oil
Introduction
The project report for Groundnut Oil is as follows.
Groundnut Oil is among the edible oils widely often used in states of India, especially in the western region. The oil has nutritional and therapeutic benefit.
The groundnut oil has a sweet flavour. Groundnut kernel comprises 50-55% of the oil. Groundnut oil is an essential edible oil in the world. The oil is of good nutritional content. And there’s no issue with cholesterol.
It is, therefore, a suitable mode for cooking. Apart from baking, the substance is a very essential component in the bakery and confectionery industry.
The oil shall be used as a supplement for olive oil and other vegetable oils, soaps, salad and cooking oil, mayonnaise and margarine. Besides the home market, it has an immense export opportunity.
Thus, establishing a groundnut oil production company is a highly lucrative project for new entrepreneurs a company in the edible oil industry. Usually, the development process of groundnut oil consists of three phases.
Market potential & Strategy
The oil product demand is anticipated to be controlled by numerous Indian and international companies due to the country’s rising dependence on imports in the coming years.
In India, Gujarat is the first producer of groundnut oil. The state accounts for 9 per cent of the world’s groundnut manufacturing and 25 to 30 per cent of India. The country’s total output of groundnut oil depends on the output of raw groundnuts.
Groundnut oil production is an economically beneficial undertaking with large export potential. In fact, the groundnut oil processing project can be started on a small and medium scale based on the required production and project cost.
Groundnuts are the world’s most common source of nutrition. It can be used for cooking food and as a narrowing or as a centre for confectionery, which can be used to create peanut butter.
Groundnut oil has been at the top of the list of edible oils produced in India. It’s a quality oil, as well as its cost is also large. Many other edible oils are better paid, unlike groundnut oils.