Project Report For Cashew Processing Unit
Project report for Cashew Processing unit is as follow.
A tropical evergreen tree that produces cashew nuts and apples is the cashew tree (Anacardium occidentale). The dwarf cashew, which grows to a height of 6 metres (20 feet) and can reach a height of 14 metres (46 feet), has proven to be more profitable due to its early maturity and higher yields. The cashew nut, like most nuts, is consumed as a snack or utilised in meals because it is a fruit. The pulp of the cashew apple can be used to make a soft, astringent fruit drink or refined into liqueur. Indian cashew is noted for its consistency, colour, and flavour on the global market.
India’s cashews are eaten in more than 60 nations around the world. As a result of the market, it is a profitable enterprise for entrepreneurs to invest in. Cashew is a commercial crop and a highly valued nut around the world. It’s also known as “poor man’s food” and “rich man’s crop. “In India, cashew growing spans the biggest area. However, this is not the case in terms of efficiency, processing, or pricing. Indeed, the Indian cashew business has considerable untapped potential to improve the livelihoods of cashew farmers, offer many job possibilities, and raise returns through worldwide trade. Cashew processing is a set of unit activities used to prepare the nut for consumption. Discrepancies in cashew, equipment availability, human capital, and fuel supply are all factors that lead to processing technique differences between firms. In India, the bulk of cashew processing plants are found in rural areas. After 1960, unit procedures like roasting, shell liquid separation, and shelling were mechanised. The majority of other processing steps, on the other hand, take as long as manual activities.
Market potential & Strategy
India was the first country to enter the global cashew trade. Around 2.13 million tonnes of cashew were produced in 3650 cashew processing mills around the world. The number of cashew processing mills has risen considerably from 172 in 1959 to over 3500 in 2008. The industry employs over 0.4 million people, practically all of whom are women (Anon, 2009). The organised sector is responsible for 46% of cashew processing, while the unorganised sector is responsible for 54%. The Indian cashew processing business has a 1.6 million tonne yearly demand, which is only half met by present supplies. To keep up with the ever-increasing demand.
The processed cashew market in India is estimated to grow at a CAGR of 9.34 percent over the forecast period (2020-2025). Due to the increased popularity of flavoured varied cashew items in the retail market, the cashew kernel business has seen a significant change in consumption patterns across India in recent years. People are continuing to munch on nutritious foods as they become more health-conscious, which is driving increased demand for flavoured cashews in India. The cashew market in the country, on the other hand, is expected to be impeded since the local population favours lighter, lower-cost snacks for on-the-go munching.
India’s cashew sector is nearly completely focused on export. As of March 2020, India had around 3,900 processing plants in the organised and unorganised sectors, with a cashew processing capacity of 16.43 lakh MT per year, according to the Directorate of Cashew and Cocoa Development India. While the majority of Indian customers prefer to eat cashews in their natural state for nutrition, the plain/salted cashew segment makes for a considerable percentage of the processed cashew business. In a nutshell, cashew processing is a bankable industry due to a shift in social thinking and increased health consciousness.
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