Project Report For Peanut Processing Plant
Project report for peanut processing plant is as follows.
That used a succession of screens and blowers, extraneous debris (mainly dirt, vines, stems, and leaves) is separated from the peanut pods. After that, the pods are washed with wet, gritty sand to eliminate stains and discolouration. The sand is then separated from the peanuts and filtered for reuse.
Peanuts, also known as groundnuts, are a high-value commodity that may be marketed with minimal processing yet is very flexible and can be utilised in a variety of products. The oil may be used in cooking, as a shortening or as a basis for confectioneries, and it can also be used to produce peanut butter.
Groundnuts come in two varieties: bush and runner. Commercially accessible hybrids of the two types have been created. The bush variety’s pods contain one or two kernels in a thin shell. One to three kernels are found in a thicker shelled pod of the runner type.
Market potential & Strategy
With people becoming more interested in healthy eating, peanuts are expected to become an important source of unsaturated fats, fibre, proteins, vitamins, and minerals. India is the world’s largest peanut grower, accounting for about 41.0 per cent of global output.
China was the largest peanut producer in 2019, with 17.5 million tons. India, Nigeria, and the United States came in second and third, with 6.8, 3.0, and 2.5 million metric tonnes, respectively. Peanut output dropped in India, the United States, and Senegal in 2018 owing to unfavourable meteorological conditions, including delayed and inconsistent rains.
Increased demand from key importers such as Vietnam, Thailand, and Japan has prompted China to boost output, which has risen from 17.1 million metric tonnes in 2017 to 17.5 million metric tonnes in 2019. During the forecast period, 2021-2026, the peanuts market is expected to grow at a CAGR of 4.5 per cent. Because of COVID-19, peanut exporting nations have been badly impacted by a drop in demand in importing countries during the lockdown. Furthermore, most developing countries’ industrial industries were closed for months. However, peanut demand has rebounded to pre-COVID-19 levels and is anticipated to rise throughout the projection period as exporters see demand from Southeast Asian countries and the European area.
Create 100% Bankable Project Report