Business Plan for Coconut Oil Manufacturing

What is a coconut oil?
Coconut oil is an edible oil derived from the wick, meat, and milk of the coconut palm fruit. Coconut oil is a white solid fat, melting at warmer room temperatures of around 25 C, in warmer climates during the summer months it is a clear thin liquid oil. Unrefined varieties have a distinct coconut aroma.

Uses of Coconut oil
Coconut oil has several benefits such as skin, hair care, weight loss, improving digestion and immunity against infections and diseases.

Customer Analysis
The main users of Coconut oil in Nigeria are households and manufacturers of snacks, cosmetics, printing ink and oil paints. Internationally users include: Philippines, Vanuatu, Samoa, and several other tropical island countries use coconut oil as an alternative fuel source to run automobiles, trucks, and buses, and to power generators. Biodiesel fuel derived from coconut oil is currently used as a fuel for transport in the Philippines. Further research into the potential of coconut oil as a fuel for electricity generation is being carried out in the islands of the Pacific, although to date it appears that it is not useful as a fuel source due to the cost of labor and supply constraints.

Industry
The main producers of Coconut oil in Nigeria are:
Nathans Pure Virgin Coconut oil, Katharos coconut oil, Emerald Coconut Oil.

The Business Opportunity
Coconut oil has been tested for use as an engine lubricant and as a transformer oil. Coconut oil (and derivatives, such as coconut fatty acid) are used as raw materials in the manufacture of surfactants such as cocamidopropyl betaine, cocamide MEA, and cocamide DEA.
In 2021, Nigeria production of coconut oil was 7,000 MT, consumption was 7,000 MT, export was 0, import was 0.
Treatment with catalytic lipase has reportedly given coconut oil antimicrobial characteristics. Before the advent of electrical lighting, coconut oil was the primary oil used for illumination in India and was exported as cochin oil.
This business plan provides the information needed to make decisions about starting a coconut oil manufacturing plant. It is designed to attract investors to the business.