Business Plan for Coconut Oil Manufacturing
₦120,000.00
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.
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.
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1.1Â Â Â Â Â Â Â Â Business Overview
1.2Â Â Â Â Â Â Â Â Key Objectives
1.3Â Â Â Â Â Â Â Â Funding requirements
2Â Â Â Â Â Â Business Description2.1Â Â Â Â Â Â Â Â What the Business does
2.2Â Â Â Â Â Â Â Â Why the product or service is needed
3Â Â Â Â Â Â Market Analysis3.1Â Â Â Â Â Â Â Â Who will buy
3.2Â Â Â Â Â Â Â Â Key groups of customers
3.3Â Â Â Â Â Â Â Â Competitors and how the business is different
4Â Â Â Â Â Â Team and Management4.1Â Â Â Â Â Â Â Â Business structure (e.g., sole proprietor, partnership, limited liability)
4.2Â Â Â Â Â Â Â Â Key people and their roles
5Â Â Â Â Â Â Products and Services5.1Â Â Â Â Â Â Â Â What the business offers
5.2Â Â Â Â Â Â Â Â Benefits to customers
6Â Â Â Â Â Â Sales and Marketing6.1Â Â Â Â Â Â Â Â How customers will know about the business
6.2Â Â Â Â Â Â Â Â How much the products or services will cost
6.3Â Â Â Â Â Â Â Â Plans to keep customers coming back
7Â Â Â Â Â Â Operational Plan7.1Â Â Â Â Â Â Â Â Main activities to run the business
7.2Â Â Â Â Â Business Location
7.3Â Â Â Â Â Â Â Â Tools and equipment needed
7.4Â Â Â Â Â Â Â Â Raw materials/Inputs required
7.5Â Â Â Â Â Â Â Â How and where to get raw materials
8Â Â Â Â Â Â Financial Plan8.1Â Â Â Â Â Â Â Â Starting Costs and Money Needed
8.2Â Â Â Â Â Â Â Â Expected Income
8.3Â Â Â Â Â Â Â Â List of Expenses
8.4Â Â Â Â Â Â Â Â Profit and Loss Estimate
8.5Â Â Â Â Â Â Â Â Cash Flow Plan
8.6Â Â Â Â Â Â Â Â When You Will Start Making Profit
9Â Â Â Â Â Â Learning Resources for Implementation9.1Â Â Â Â Â Â Â Â Helpful Online Courses
9.2Â Â Â Â Â Hands on Training for Your Industry
9.3Â Â Â Â Â Â Â Â Useful Books and Guides
9.4Â Â Â Â Â Â Â Â Real-Life Examples to Learn From
10Â Â Â Â Equipment and Suppliers10.1Â Â Â Â Â Â – List of Required Equipment
10.2Â Â Â Â Â Â – Potential Suppliers (Local and International)
11Â Â Â Â Implementation Plan- When and How Things Will Be Done11.1Â Â Â Â Â Â Important Steps and Who Will Do What
11.2Â Â Â Â Â Â Problems to Watch for and How to Fix Them
12Â Â Â Â Appendices12.1Â Â Â Â Â Â Supporting documents
12.2Â Â Â Â Â Â Extra information or research
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- Report Type: Business Plan
- Formats of Delivery: MS WORD and Excel
- No. of Pages: Text – 35 – 40 Pages /Excel – 8 Pages/sheets
- Publisher: Highnet Resources Ltd
- Release Date: 2022; Updated Every 3- Months
- Language: English
- Delivery time: 5 working days after payment is received.
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