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Virgin Coconut Oil Project Report (VCO), Plan

Table of contents, uses of virgin coconut oil, essential composition of virgin coconut oil, business plan for starting virgin coconut oil production plant in india, basis and presumptions of virgin coconut oil manufacturing business, implementation schedule of virgin coconut oil manufacturing business, list of approvals/licenses required to start virgin coconut oil manufacturing business in india, raw materials required to start virgin coconut oil manufacturing business, the manufacturing process of virgin coconut oil, virgin coconut oil project report (voc)/economics of virgin coconut oil manufacturing business in india, important points to consider while manufacturing virgin coconut oil.

Introduction to Virgin Coconut Oil Project Report (VCO), Manufacturing Business Plan : Hello friends, are you planning to start a virgin coconut oil business in India? Well, you are in right place. Virgin Coconut Oil (VCO) is gaining popularity as a functional food and people are getting awareness every day. It is estimated that VCO will experience tremendous growth in the market. Virgin coconut oil is naturally processed, without chemicals and additive-free item from fresh coconut meat or using the derivatives, which has not been processed under chemical methods after extraction. It is the cleanest form of coconut oil, water-white, comprises natural vitamin E, and has not experienced hydrolytic or atmospheric oxidation as attested by its very low free fatty acid percent and peroxide value. It has a mild to intense fresh coconut fragrance based on the type of process used for production.

A guide to Virgin Coconut Oil Project Report(VCO), Extraction Process and Manufacturing Business Plan

Virgin Coconut Oil (VCO) is extracted using fresh coconut milk sourced from matured coconut of 12 months old. VCO can be consumed in natural form without the need for further refining. Virgin coconut oil is popular for its MCTs (Medium Chain Triglycerides). The most important medium-chain fatty acid found in VCO is lauric acid. It comprises 48 % of VCO. Lauric acid has powerful anti-microbial characteristics capable of terminating disease-causing bacteria, fungi, viruses, and parasites. Researchers reported that the presence of medium-chain fatty acids in mother’s milk could be the primary ingredient that defends newborn children from infections for the first few months of their birth, while their immune system is still taking shape.

VCO has considerable advantages for therapeutic purposes such as antimicrobial, anti-HIV/AIDS drugs, for the treatment of Alzheimer’s disease, and anti-cancer therapy.

• Moisture: Maximum 0.1%
• Volatility: Maximum 0.2% at 120°C
• Free Fatty Acid: Maximum 0.2%
• Peroxide Value: Maximum 3 meq/kg
• Relative density: 0.915 – 0.920
• Refractive index: 1.4480 – 1.4492 at 40°C
• Insoluble impurities: Maximum 0.05 by mass
• Saponification Value: 250 – 260 mins.
• Iodine Value: 4.1 -11
• Unsaponifiable matter: Maximum 0.2-0.5 by mass
• Specific gravity: 0.915 – 0.920 at 30 °C/30 °C
• Polenske Value: Minimum 13
• Total Plate Count: < 0.5
• Color Water: clean
• Odor and Taste: Smells natural with a fresh coconut scent, free of sediments, and is free from rancid odor and taste.

To start a small-scale Virgin Coconut Oil Manufacturing Business in India, you need to first draft a perfect business plan by considering the following points:

• Implementation schedule
• List of approvals required to start Virgin Coconut Oil Manufacturing Business
• Raw materials required for Virgin Coconut Oil Manufacturing Business
• List of machinery and equipment for extracting Virgin Coconut Oil
• Manufacturing process of Virgin Coconut Oil
• Project economics of Virgin Coconut Oil Manufacturing Business
• The Virgin Coconut oil plant can be operated in three shifts. About 8 hours daily day and 300 working days for a year.
• The interest rate for the business will be 12% per annum on the investment borrowed. 
• The expenses regarding acquiring licenses, raw materials, packing materials, machinery and considered based on the scalability of the project profile that differs from place to place.
• The rental expenses of the production shed and land are considered as per the prevailing rates and may differ from place to place.
• The unit capacity utilization could be around 75% since the unit is operated continuously.

The project execution will need around nine to ten months. The estimated break-up of

activities and the duration for each activity are stated below:

• Project preparation and permissions: 0 – 2months
• Registration under MSME Act 2006 and loan sanction: 2 – 4 months
• Machinery and equipment purchase and installation: 4– 5months
• PFA License: 5– 7months
• Power connection setup: 5– 7months
• Machinery installation: 7 – 8months
• Recruiting staff and test run: 8 – 9 months
• Commercial production can be presumed to begin: 10 th month

The next step is to acquire the below list of licenses, permissions, and registrations for starting Virgin Coconut Oil Manufacturing Business in India-

• MSME registration
• GST registration
• Registration of firm
• Shop Act License
• FSSAI License
• Export License
• Fire and Safety
• No Objection Certificate from pollution board
• Trade license from local municipal authority
• You need to maintain BIS standards IS 966:1962

In case if you miss this: Clove Oil Project Report .

It is analyzed that to get 1 liter of VCO, 7 kg of dehusked coconut is needed that is about 17 coconuts.

Below are the steps in Manufacturing Virgin Coconut Oil. 

• Dehusking: Husk is removed either by coconut dehusking machine or manually.
• Deshelling : This is performed to remove the shell of the coconut. This is performed without breaking the kernel.
• Paring : It is done to peel the brown skin of the kernel using a paring machine.
• Blanching : Pared coconuts will be submerged in boiling water for some time with blanching tank.
• Draining : It can be performed by a vibratory screener. This will avoid the excess water existing in the blanched coconuts.
• Disintegration : Pared coconuts are added into a disintegrator where pared nuts are sliced into small pieces and will be prepared for extraction.
• Milk extraction : Shredded coconuts are placed into a milk extractor and coconut milk comes out of the extractor. Extracted milk is gathered in collecting vessels. Extracted coconut milk is next sent for filtration to avoid the presence of any solids. The residue obtained after extraction is dried using the oven and packed with a defatted desiccated coconut.
• Centrifugation : This process is best to separate two immiscible entities. After centrifugation, oil and skim milk gets separated. Coconut oil is therefore separated from coconut milk.
• Filtration : The oil is sent through the filter and sent for packing. Vacuum dehydration of oils will avoid the excess moisture in oils.

You may also check this: Flaxseed Oil Manufacturing Project Report .

Land and building construction on a rental basis per month: Rs.2,500.

• Cast iron pan 1000 lit. capacity (200 kg. wt): Rs. 1,20,000
• Rotor cum screener to expel oil Rs. 4,000
• Decorticator: Rs. 500
• Aluminium Disc 500 lit. capacity: Rs. 20,000
• Stirrer with motor 1 HP (for blending purpose): Rs. 10,000
• Other necessary equipments for cooking: Rs. 5,000
• Automatic filling machine for liquid: Rs. 70,000
• Office furniture: Rs. 10,000
• Total: Rs. 2,39,500 

Pre-operative expenditure:

• Wooden chulla four nos.: Rs. 2,000
• Project profile: Rs. 200
• Travel: Rs. 2,000
• Regn. With Sales tax: Rs. 2,000
• Packing advance for plastic containers, cartons: Rs. 15,000
• Stationery: Rs. 300
• Telephone connection: Rs. 3,000
• Other misc. exp.: Rs. 5,000
• Total: Rs. 29,500

Fixed capital investment:

• Machinery: Rs. 2,39,500
• Pre-operative expr.: Rs. 29,500
• Total: Rs. 2,69,000

Working capital analysis

• Raw coconuts 60 tons @ Rs.2000/Ton: Rs. 1,20,000
• Scented coconut oil 500 lit. @ 60/lit.: Rs. 30,000
• Packing materials (plastic containers, cartons,etc.): Rs. 20,000
• Total: Rs. 1,70,000
• Wood 30 quintals @ Rs.120/qtl.: Rs. 3600
• Electricity 300 KWH @ Rs.3.00: Rs. 900
• Total: Rs. 4,500

Staff and Labour:

• Skilled labour: Rs. 10,000
• Unskilled labour: Rs. 7,500
• Salesman: Rs. 3,000
• Accountant: Rs. 2,500
• Peon: Rs. 2,000
• Total: Rs. 25,000

Other expenses

• Rent: Rs. 2,500
• Transport and travel: Rs. 2,000
• Telephone: Rs. 400
• Stationery: Rs. 100
• Publicity: Rs. 1,000
• Sale tips: Rs. 1,000
• Other misc. expr.: Rs. 2,000
• Taxes and levies: Rs. 500
• Total: Rs. 9,500

Total working capital per month = 1,70,000 + 4500 + 25,000 + 9,500 = Rs.2,09,000.

Total Capital Investment:

• Fixed capital: Rs. 2,69,000
• Working capital: Rs. 2,09,000
• Total: Rs. 4,78,000

Cost of production (per annum):

• Depreciation on machinery and equipments @ 10%: Rs. 22,950
• Depreciation on furniture @ 20%: Rs. 2,000
• Recurring expenditure (per annum): Rs. 25,08,000
• Interest on total cap. Investment @ 14%: Rs. 66,920
• Total: Rs. 25,99,870

Turnover of Virgin Coconut Oil production

Coconut oil turnover 92.4 MT @ Rs.30,500/ton: Rs. 28,18,200 (Say Rs. 28,20,000)

Profit in Virgin Coconut oil production

Profit = Rs. 28,20,000 – Rs. 25,99,870 = Rs. 2,20,130

Net profit ratio = Profit x 100/Turnover = 7.8%.

Break even analysis:

Fixed cost (per annum):

Total depreciation: Rs. 24,950

Interest @ 14%: Rs. 66,920

40% salary: Rs. 1,20,000

40% other exp. Except rent: Rs. 33,600

Rent: Rs. 30,000

Total: Rs. 2,75,470

B.E.P. = FC x 100 / FC + profit = 55%.

Coconut selection

The maturity of coconut is a very significant aspect of the quality and recovery of VCO particularly in processes having the coconut milk route. Coconut kernels from fully mature coconut have the greatest oil percentage and are comparatively less protein quantity.

Coconut milk is an emulsion of oil and water soothed by protein. To obtain the oil from coconut milk, the protein bond must be disrupted to recover much oil if the kernel from which the coconut milk is extracted has high oil content and lower protein content. To identify the maturity of nut, shell and husk must be brown and gives a sloshing sound when it is shaken.

Always note that nuts when it is fully mature do not have haustorium. As the oil content of the kernel and quality of the oil begins declining once the haustorium is developed.

Handling of equipment in Virgin Coconut Oil Manufacturing Business

Coconut meat/kernel and coconut milk contain low acid content so they are very prone to microbial infection. Because of this, strict sanitation in the unit location, people, and machinery should be practiced regularly. For manufacturing Virgin Coconut Oil, food-grade stainless steel is mainly recommended to use for making all the parts of machinery. Because it will be in touch with all the raw materials like coconut kernel or coconut milk. Water to be used as a diluent or rehydrating agent must be of good quality, free from pathogens and too many mineral constituents.

Packaging of Virgin Coconut Oil product

The presence of water in the oil will ensure the product’s shelf life less i.e., water in the oil will lead to rancidity while storage. An important note is that you need to maintain water content in the virgin coconut oil should be less than 0.1%. The oil should be properly dried and cleaned before packaging the final product of Virgin Coconut Oil.

By-products in Virgin Coconut Oil Manufacturing Business

Chief by-products in VCO units are brown skin, shell, and defatted desiccated coconut powder.

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How to Start a Profitable Coconut Oil Manufacturing Business

Do you want to start a coconut oil manufacturing business? If yes, you have landed at the right place. Here in this article, we will walk you through the important steps to start a coconut oil manufacturing plant business with costs. machines, licenses, and more/

Coconut palms can be found in the coastal areas of India. The dried kernel of coconut is popular as copra. This is an industrial term. Copra is the major commercial product of coconut. Copra normally has an oil content varying from 65 to 72 percent. There is another term is ‘virgin coconut oil.’ Basically, virgin coconut oil comes from the extraction of fresh coconut (not from copra). Here in this article, we intend to explore how to start a coconut oil manufacturing business from Copra.

There is another type of coconut oil, named RBD coconut oils. RBD stands for refined, bleached, and deodorized. The “bleaching” is generally not a chemical process, but rather a filter process to remove impurities. A “bleaching clay” is used for this filtering.

Table of Contents

Here are the 10 Steps to Follow to Start Coconut Oil Manufacturing Plant

1. research and plan.

First, identify whether you have an easy raw material sourcing system or not. At the plant location, you must have plenty of raw materials to get the viability of the project.

A small-scale coconut oil manufacturing plant demands at least 1000 SqFt of covered shade and 3000 SqFt of land area to get operated.

Suggested Read: Coconut Farming Business Guide for Beginners

You must have a business plan or project report in hand before initiating. a project report clearly demonstrates the manufacturing technology, machinery requirement, fixed capital investment, and working capital requirement.

2. Coconut Oil Manufacturing Business Registration & License

• First of all, register your firm with ROC according to the ownership and liability pattern
• Then, apply for Trade License from the local authority
• Obtain Udyog Aadhaar MSME registration. You can apply online.
• Additionally, obtain GST registration.
• FSSAI Registration
• For large-scale operations, Factory License is a must.
• Finally, apply for BIS Certification. For the different applications of coconut oil, there are different quality standards you must maintain.

3. Machines & Raw Material

The requirement for machines generally depends on different aspects. Such as the manufacturing process, the raw material used, the specification of the desired output, and the investment capacity of the owner. Here we have listed some of the common machines required for coconut oil manufacturing.

• Copra Cutter
• Bucket elevator
• Steam jacketed kettle
• Oil expeller
• Screw conveyor
• Crude coconut oil storage tanks
• Filter press
• Microfilter
• Filtered oil storage tanks
• Volumetric filling machine
• Baby boiler
• Wooden storage drums

Well-dried copra with a moisture content not exceeding 6% is the ideal raw material for coconut oil manufacturing. Actually, the quality of the coconut oil hugely depends on the quality of the copra.

Read:   Best Profitable Coconut Business Ideas

4. Cost of Coconut Oil Manufacturing Unit

The major cost component in manufacturing coconut oil is plant machinery. For example, an automated 5-ton/day capacity plant machine will cost you in the range of Rs 25 Lacs to Rs 30 Lacs per unit. Overall, the total cost of starting small-scale coconut oil manufacturing will be around Rs. 40 Lacs to 50 Lacs.

5. Arrange Funds

If you do not have sufficient funding sources, it is advisable to approach banks and other financial lenders . Do keep your business project plan ready as all types of investors will have a first look at this document before taking any funding decision. Also, do not forget to apply for a credit card to meet small-time business expenses.

6. Location and Infrastructure

Choose a suitable location with easy access to coconuts and transportation. Set up the manufacturing unit with the required machinery and equipment.

7. Coconut Oil Manufacturing Process

Coconut oil can be made both manually and by machine in a manufacturing unit. The manual production process is simple. It includes broadly 5 steps as listed below:

• Collecting Coconuts
• Breaking the Coconuts
• Grating the Coconut Meat
• Soaking the Coconut Meat
• Extracting the Oil

However, if you are planning to produce coconut oil commercially, the steps to be followed are mentioned below:

Step 1: Dried copra cut into small chips in a copra cutter.

Step 2: Then, feed the chips into steam-jacketed kettles and cook. It cooked mildly at a temperature of 70oC for 30 minutes.

Step 3: After proper cooking, feed the cooked material into the expeller continuously and press twice. Then, collect the combined oil from the first and the second pressing in a tank provided separately.

Step 4: Finally, filter this oil by means of a filter press and store it in MS tanks.

Step 5: Generally, you can pack the item in bulk packaging them in containers. Additionally, you can use HDPE containers and polymeric nylon barrier pouches for small consumer packing.

You will find oil cake as a by-product. the product has a ready market as a cattle feed and in the manufacture of mixed cattle feeds. You can use the product as the raw material of coconut oil manufacturing for the extraction of remaining oil by solvent extraction method.

Read: Best Coconut Scrapers

8. Hiring and Training

You will need to hire skilled staff for oil extraction, quality control, and packaging. Additionally, provide necessary training on production processes and safety guidelines.

9. Quality Control and Packaging

Implement quality control measures to ensure the purity and freshness of coconut oil. Choose appropriate packaging options (bottles, jars, pouches) and design labels.

10. Distribution and Marketing

You need to identify potential distribution channels such as local markets, retailers, or online platforms. In addition, develop a marketing strategy to promote your coconut oil brand.

Frequently Asked Questions

What are the benefits of coconut oil.

Coconut oil is known for its moisturizing properties for hair and skin, as well as its use in cooking and as a natural health remedy.

Is coconut oil manufacturing a profitable business?

Yes, with increasing consumer awareness about the benefits of coconut oil, it can be a profitable venture. Coconut oil is an important cooking medium in Southern parts of the country, especially in Kerala and Karnataka State. Besides, oil has varied industrial applications. It is used in the manufacture of toilet soaps, laundry soaps, surface active agents and detergents, hair tonics, hair oil, massage oil, cosmetics, etc.

What is the shelf life of coconut oil?

Properly stored, coconut oil can have a shelf life of up to two years or more.

Can I start a coconut oil manufacturing business from home?

While it is possible, a dedicated manufacturing unit is recommended for efficient production and quality control.

Are there any specific quality standards for coconut oil manufacturing?

Yes, coconut oil must adhere to FSSAI quality and safety standards.

How do I market my coconut oil brand?

Utilize social media, online platforms, and local promotions to create brand awareness.

The Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium-scale businesses.

• Food Additives & Ingredients
• Virgin Coconut Oil Market

"Market Intelligence that Adds Flavour to Your Success"

Virgin Coconut Oil Market Size, Share & COVID-19 Impact Analysis, By Type (Organic and Conventional), By End-User (Food & Beverages, Pharmaceutical, and Cosmetics & Personal Care), and Regional Forecast, 2021-2028

Last Updated: April 08, 2024 | Format: PDF | Report ID: FBI106554

• Segmentation
• Methodology
• Infographics
• Request Sample PDF

KEY MARKET INSIGHTS

The global virgin coconut oil market size was USD 2.11 billion in 2020. The market is projected to grow from USD 2.24 billion in 2021 to USD 3.69 billion in 2028 at a CAGR of 7.35% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with witnessing a positive impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a higher growth of 7.71% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

The lower production of coconut and its derivatives in the major exporting countries during the pandemic led to nearly 39% surge in coconut oil and VCO prices in 2020 as compared to the previous year. The global market is gradually overcoming the crisis, with the trade barriers being lifted and the production resuming its usual pace. Thus, it is anticipated that the VCO market will exhibit significant growth during the forecast period.

Virgin coconut oil (VCO) is made from fresh coconut meat or its derivatives, which is naturally processed without utilizing any chemicals and additives. It is the purest form of coconut oil, containing natural vitamin E and does not undergo any hydrolytic or atmospheric oxidation due to its low content of free fatty acids and peroxide value.

The popularity and considerable potential for VCO therapeutic uses is growing, which leads to various pharmaceutical companies to venture on this product. Virgin coconut oil is healthier compared to refined coconut oil as it remains in its crude state without undergoing any processes. It’s incorporation in anti HIV/AIDS drug for the treatment of Alzheimer’s disease and anti-cancer therapy is also significantly growing. This is due to its scientifically proven antimicrobial and anti-inflammatory properties. Additionally, increasing demand as a functional ingredient in food and beverage applications, coupled with the growing awareness among people regarding the utility of the oil’s benefits is expected to contribute to the spectacular market growth.

COVID-19 IMPACT

Decline in Coconut Production amid COVID-19 to Hamper Market Growth

The COVID-19 has caused a remarkable change in various markets across the globe, including this market. Closures and security measures taken around the world in response to the coronavirus outbreak had profound effects on the agricultural sector. Mobility restrictions and suspension of farming activities impacted early and late harvest cycles. This impacted the total coconut production in 2020, which further obstructed the VCO market growth. According to Union Ministry of Agriculture, in 2020-2021, coconut production in India fell to 21.21 billion nuts, a decline by 10.88% compared to 2018-19 production i.e., 23.80 billion nuts. The pandemic and the consequent lockdown have impacted on the production and sales of various products, with the closure of various manufacturing facilities. Furthermore, the lockdown also affected supply chain that reduced global exports and imports, thereby impeding the market growth in many regions.

LATEST TRENDS

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Increasing Adoption of VCO in Pharmaceutical Sector Due to Potential Health Benefits

VCO has been utilized in the cosmetics & personal care industry since a very long time. In recent years, this oil’s demand in pharmaceutical sector grew due to rising consumer interest, coupled with government backed studies. In the Philippines, it gained a lot of attention in 2020, as the country's Department of Science and Technology (DOST) announced its plans to study VCO to help reduce COVID-19 symptoms. The manufacturers are also adapting to growing applications of VCO in various pharmaceutical products by launching and expanding their product lines, which is expected to provide market opportunities in the coming years. For instance, in March 2021, Growrich Manufacturing, a Philippines-based company, expanded its VCO capsules market due to growing consumer demand for immune health supplements .

DRIVING FACTORS

Growing Awareness about Health Benefits of Virgin Coconut Oil to Drive Market Growth

Increasing health consciousness among consumers has significantly driven the growth of the market. Numerous health benefits associated with VCO has contributed in widening its application in medical consumables and pharmaceutical products to maintain good health. VCO is rich in healthy fatty acids and contains vitamins, minerals, and antioxidants. The product type has been reported to be gaining traction as a nutraceutical ingredient around the world, and is increasingly gaining popularity among health conscious individuals. Apart from that, it is also used in the pharmaceutical industry, especially by patients suffering from diabetes, as it helps with the efficient utilization of blood sugar. According to International Diabetes Federation (IDF), in 2019, there were approximately 463 million adults living with diabetes, which showcases a huge growth potential for the virgin coconut oil industry.

Increasing Consumer Spending on Functional Food and Beverages to Propel Market

With the growing demand for functional foods, VCO has become a popular choice due to its rich flavor and mild aroma. It has become popular in various trend diets such as keto and paleo. Rising consumer’s awareness about proper nutrition and adequate physical activity has also affected their food choices, as opting for a healthy cooking oil makes a difference in promoting additional benefits. Hence, this oil has started getting recognition as functional oil amongst consumers. The surge in consumer demand for functional food is also expected to drive the market.

RESTRAINING FACTORS

Presence of Replacements of Virgin Coconut Oil in Market to Impede Growth

There is abundant presence of substitute oils, such as virgin olive oil, sunflower oil, almond oil, canola oil, and others, that possess similar nutritional properties as VCO, which is likely to hinder the market growth. The fortification of canola and olive oils to retain its essential nutrients by various manufacturers has also shifted consumer’s interest toward replacements. Moreover, virgin coconut oil smoke point is high of aforementioned oils which makes them a better choice for baking and cooking. In addition, the high dependence on import of coconut and coconut oils in Europe is further expected to hamper market growth.

SEGMENTATION

By type analysis.

Conventional Oil to Hold Larger Share due to its Low Cost

By type, the market is divided into organic and conventional.

Conventional oil accounted for the major share in the market owing to its cost efficiency and popularity among consumers. Its demand is increasing among individuals due to its indispensable nutritional benefits. Wider use of this type of oil in personal care, and food & beverage industries is driving the growth of this segment.

Meanwhile, the organic segment is expected to foresee substantial growth, owing to its all natural goodness of coconuts. Organic oils do not involve heat, which helps in retaining the products’ nutritional value. With healthy properties, such as rich in minerals, vitamins, and dietary fibers, the demand of organic oils is expected to boost the segment’s growth over the forecast period.

By End-user Analysis

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Cosmetic and Personal Care Hold Major Share Owing to Wide Utility of VCO

By end-user, the virgin coconut oil market is segmented into food & beverages, pharmaceutical, and cosmetics & personal care, with the cosmetics & personal care segment holding the major market share. VCO hair and skin care products are being widely purchased, and have paved way for the growth of the segment, due to its moisturizing, anti-bacterial, and cleansing properties. Additionally, the incorporation of this oil in cosmetics as makeup primer, highlighter, and tinted lip gloss is increasing due to its hydrating property, which can be deeply absorbed in skin. Thus, the aforementioned properties of the oil make it a key ingredient in several beauty products, thereby driving the growth of this segment.

The food & beverage segment is expected to foresee growth in the market forecast period, owing to increasing use of virgin coconut oil in food products due to its authentic flavor and aroma. Virgin coconut oil’s high smoke point and low melting point, taste, easy digestibility, and resistance to rancidity, make it an ideal ingredient in the food industry. It is also used as an alternative to butter in baked goods and smoothies. Lauric acid present in the oil promote ketosis, which helps the body burn fat to produce energy is also contributing in lowering cardiovascular disease risks. Thus, the rising use of this oil in various food products is expected to drive the segment growth.

REGIONAL INSIGHTS

Asia Pacific Virgin Coconut Oil Market Size, 2020 (USD Billion)

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The market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa in terms of geography.

Asia Pacific dominates the world market in terms of sales and stood at USD 0.82 billion in 2020. The higher acceptance of VCO in the emerging markets of the region, coupled with the increasing coconut plantations and its high domestic consumption drives the market growth. This region is the largest contributor in terms of both production and consumption. Philippines and India are the largest producers of coconut raw oil. The substantial increase of coconut production in India, led to more extraction of VCO in the country. According to Government of India, coconut production is 9500,000 metric tons and the coconut plantation area in the country is around 1.78 million hectares. In addition, the Government of India, has also been highlighting the health benefits of this oil by organizing various campaigns, which is further expected to boost the regional virgin coconut oil market growth.

Europe is the second largest market and has grown rapidly in recent years, owing to the growing consumer awareness of healthier diets. Originally, the oil was only available in health food stores, but now has become popular in various supermarkets. Furthermore, its use in various industrial products such as cosmetics , food & beverages, and pharma products is growing. The health and wellness trend has led the European food industry to use the oil in high-end products. Currently, the main industrial application of it is in high-quality healthy snacks. Europeans’ growing attention toward maintaining a healthy balance between diet and lifestyle has significantly increased the demand for healthier foods. Thus, the product has become one of the iconic ingredients in health and wellness products, which further propels the growth in the Europe market.

The market in North America is likely to exhibit impressive growth in the forthcoming years due to growing demand for nutritional supplements to support overall health. Further, rising demand of personal care & beauty products and high disposable income in the region contribute to the market growth. The incorporation of VOC in beauty products is surging in the region as the fatty acid presence in the oil helps restores the overall skin health. In addition, the demand of healthy supplements infused with the oil is rising due to its antimicrobial effects and fat burning properties, which is expected to further drive the market growth. Furthermore, according to the latest trade statistics of the International Trade Centre (ITC), in 2021, VCO remains among top three products imported by the U.S. from Philippines from the past three consecutive years. The increase in demand for coconut products is largely based on positive changes related to the new U.S. trade policies, market trends, and dietary guidelines related to the coconut industry.

South America is expected to witness substantial growth as consumers in the region are still becoming aware of the health benefits and the oils’ ability to fight obesity and other health issues. As Brazil is among the prominent producers of coconut across the world, it offers abundant raw material availability for the VCO manufacturers, which is expected to offer growth opportunities for the market. Furthermore, the demand for healthy edible oils is growing in the Middle East & Africa, owing to increasing urbanization and adoption of Westernized culture. This has influenced the government to note the harmful effects of trans fats, which is anticipated to promote VCO consumption in the region.

KEY INDUSTRY PLAYERS

Leading Players to Focus on New Product Launches for Market Growth

Leading players are focusing on launching innovative products to address their rising demand among consumers. The market is highly fragmented due to the presence of numerous small and large suppliers. Furthermore, the market is subject to rapidly changing consumer demands and preferences. Some of the major players in the global VCO market are Nutiva Inc., NMK Holdings Pvt Ltd, and Greenville Agro Corporation.

LIST OF KEY COMPANIES PROFILED:

• Edward & Sons Trading Co (California, U.S.)
• Greenville Agro Corporation (Cebu City, Philippines)
• The Coconut Company (UK) Ltd. (London, U.K.)
• Healthy Traditions, Inc. (Texas, U.S.)
• Nutiva Inc. (California, U.S.)
• The Hain Celestial Group (New York, U.S.)
• MaxCare VCO (Karnataka, India)
• Celebes Coconut Corporation (Butuan City, Philippines)
• SC Global Coco Products Inc. (Mandaluyong City, Philippines)
• Barlean's (Washington, U.S.)

INDUSTRY DEVELOPMENTS:

• January 2021 – The researchers of International Islamic University of Malaysia developed a dental varnish and mouthwash made from virgin coconut oil to help prevent oral health problems. The product is developed as a natural alternative for chemical mouthwash, suitable for all age groups without any side effects.
• March 2020 - Dr. Bronner’s, a family-owned company in North America, launched its first regenerative organic certified product, virgin coconut oil. The oil achieved silver level of certification working in close partnership with Serendipol, the company’s coconut oil supplier in Sri Lanka. 

Report Coverage 

An Infographic Representation of Virgin Coconut Oil Market

To get information on various segments, share your queries with us

The market research report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of its types, end users, their market size, and growth rate for all possible segments in the market. Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are an overview of related markets, research methodology, and recent industry developments. Along with this, information about mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends are also provided.

Report Scope & Segmentation

Frequently asked questions.

Fortune Business Insights says that the value of the market was at USD 2.11 billion in 2020 and is projected to reach USD 3.69 billion by 2028.

Growing at a CAGR of 7.35% the market will exhibit significant growth over the forecast period (2021-2028).

Conventional segment is expected to be the leading segment among type in the global market during the forecast period.

Growing awareness about health benefits of virgin coconut oil is driving the growth of the market.

Nutiva Inc., Edward & Sons Trading Co., the Coconut Company (UK) Ltd., and Healthy Traditions, Inc. are a few of the key players in the market.

Asia Pacific is expected to hold the highest market share.

The food & beverages segment is expected to grow at the fastest pace during the forecast period.

Rising adoption of virgin coconut oil in pharmaceutical sector is becoming increasingly popular across the globe.

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• STUDY PERIOD: 2017-2028
• BASE YEAR: 2020
• HISTORICAL DATA: 2017-2019
• NO OF PAGES: 130

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The global virgin coconut oil market is projected to grow from $2.24 billion in 2021 to $3.69 billion in 2028 at a CAGR of 7.35% in forecast period, 2021-2028

Read More at:-

Starting a Coconut Oil Business – Sample Business Plan Template

Looking to start producing coconut oil from scratch? Or do you need a sample coconut oil business plan template? then I advise you to read.

Coconut oil is one of the many commercial end products that can be obtained from the coconut palm. Coconut oil is made from the fruit of the coconut and it is believed to be much better than peanut butter for health. Starting a coconut oil business is a very profitable business and requires less capital investment than other types of coconut related products.

In this article, I’ll start by mentioning some of the many uses for coconut oil to show you why the product is in demand; then i will tell you how to start your own coconut oil business.

4 health benefits of coconut oil

• Contains nutrients to strengthen the body’s immune system -. Research has shown that coconut oil contains a fatty acid called lauric acid, which helps boost the body’s immune system to fight disease and antibodies in the body.
• Used for cooking -: the saturated acid contained in coconut oil can be easily broken into absorbable pieces; This is why most people prefer to use butter for cooking rather than other saturated oils like peanut, palm, and melon oils.
• Weightloss -: Anyone trying to hide excess weight, it is recommended to take more coconut oil. This is because the oil contains nutrients that help increase the body’s metabolic rate and break down food faster so that the body can be easily absorbed.
• For external use -: Coconut oil is applied to the skin to make it smoother and softer; it is also used to remove stretch marks.

1. Develop a well-defined business plan -: This is the first step to take in setting up the structure of your company: you must develop a clear business plan on coconut oil that will shape the future of the company.

What will your product brand look like? Or will your coconut oil product be similar to any other coconut oil on the market? Where do you think your business is going in the next few years ? The answers to these questions will help you structure your business plan.

2. Register a business as a legal person -: Since you will have to manage the business as a business, you must register it as a legal entity. You can start as a sole proprietor and become a partner business as your business grows in the future.

3. Complete the required training -: If you need to produce a coconut oil product that will be demanded on demand, you should take the necessary training on how to make the best coconut oil. There are many eBooks and video tutorials on the internet that teach you how to make the best coconut oil on the market. Later in this article, I will cover two popular ways to process coconut oil.

4.Source of coconut supply -: as the main raw material for the production of coconut oil is fruit, you need to find a supplier who can regularly supply you with a huge quantity of coconut; advise you to buy a piece of land, plant coconut palms and wait for it to bear fruit will take a long time. So find a farmer who can provide you with healthy coconut fruit for less.

5. Real process -: This is the actual process involved in converting coconut fruit into coconut oil. I mentioned above that I will be discussing how you can turn your coconut into coconut oil. Remember you are doing this in commercial quantities which means you have to choose the best process which will give you faster and cheaper results while maintaining high quality.

The easiest way to make coconut oil is to get ripe coconuts; the amount of coconut you need depends on how much oil you want to make. Then break the coconut and cut the fleshy part of the white coconut; cut into small pieces and place in a blender.

Stir the nuts until they turn into creamy white water, then take a sieve or cloth and separate the fiber from the milk water. Put the water in a container and let it sit overnight. The next morning, you will notice that the water has separated, the oil settles at the bottom of the container; Gently pick up the top particles on the container and you have coconut oil.

6. Packaging … There are dozens of brands of coconut oil on the market. how you package your product will determine whether or not it sells. You should package your coconut oil product in such a way that anyone who sees it for the first time wants to know what’s in it. packaging ( first impression is very important ).

Then the oil should be of the highest quality, because even if a customer purchases the product for the first time because of the packaging and finds that the oil inside does not meet expectations, you might lose. not only this client, but several others as well. he or she will talk about the poor quality of coconut oil.

Be sure to include your logo, company name, and company contact on each package so anyone wanting to order more will know how to contact them. Your business.

7. Marketing -: How do you encourage customers (but retailers and wholesalers) to patronize your coconut oil compared to other brands in the market ? You can first offer them to buy two and get a promotion. Second, you can visit the food or prepare meals and share coconut oil samples.

Finally, you create an online blog where you post articles about coconut oil and its health benefits via e-commerce, where visitors can place their order. You can also use the best social media sites with millions of traffic to generate sales. For example, you can create a video for a few minutes on the health benefits of coconut oil and post it on Youtube with a link to your e-commerce site.

Anna Cornet - Author

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LONDON--( BUSINESS WIRE )--The virgin coconut oil market is poised to grow by USD 517.98 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period.

For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly

The report on the virgin coconut oil market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by the health benefits of virgin coconut oil.

The virgin coconut oil market analysis includes the product and geography landscape. This study identifies the increasing demand for trans-fat-free oils as one of the prime reasons driving the virgin coconut oil market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The virgin coconut oil market covers the following areas:

Virgin Coconut Oil Market Sizing

Virgin Coconut Oil Market Forecast

Virgin Coconut Oil Market Analysis

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Companies Mentioned

• Product/Service Segments
• Key Offering
• Key Customers
• Segment Focus
• Edward & Sons Trading Co. Inc.
• Greenville Agro Corp.
• H2coco Pty Ltd
• Healthy Traditions Inc.
• iTi Tropicals Inc.
• Nutiva Inc.
• The Hain Celestial Group Inc.
• Zumi Natural Ltd 

Related Reports on Consumer Staples Include:

Global Packaged Coconut Water Market - Global packaged coconut water market is segmented by product (packaged flavored coconut water and packaged plain coconut water) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Global Superfoods Market - Global superfoods market is segmented by product (superfruits, superseeds and supergrains, edible seaweed, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Organic - Market size and forecast 2019-2024
• Conventional - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Distribution Channel

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive landscape

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Barlean's Organic Oils LLC
• Zumi Natural Ltd
• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

Release Summary

The Virgin Coconut Oil Market will grow by $ 517.98 mn during 2020-2024

• #VirginCoconutOilMarket
• #VirginCoconutOilMarketShare
• #VirginCoconutOilMarketSize
• #GlobalVirginCoconutOilMarket

Coconut Oil Manufacturing Business How To Start, Cost, Raw Material, Profit, Plan, Idea | SkillsAndTech

The coconut oil business is a profitable business with very little capital investment. In this article, we will show you why you need coconut oil and how to start your own coconut oil production.

Coconut oil is made from the fruit of coconuts. The dried fruit of coconuts is called copra. Coconut trees grow in the coastal areas of India.

Coconut oil is healthier than peanut butter.

Copra contains about 62-72% oil. You can also buy fresh coconut oil. The term is called “virgin coconut oil.”

Another type of coconut oil is called RBD (refined, bleached, deodorized) coconut oil. Bleaching here is not a chemical process. Bleaching removes impurities through filtration.

Coconut Business Plan

Before you read the coconut business plan, here are some detailed information about the coconut business. Coconut production plays an important role in the Indian market, so coconut-based businesses create potential income opportunities for entrepreneurs. The country is the largest coconut producer in the world. The total sown area exceeds 1.94 million hectares.

It is worth noting that the four southern Indian states, along with Kerala, have 90% of coconut production, which accounts for about 50% of coconut production in all areas of India. Emerging markets for all coconut products are emerging in the United States, Europe and other countries.

Table of Contents

Coconut oil business potential (market opportunity)

Coconut oil is one of the cooking ingredients used throughout India, especially in southern India, Kerala, Maharashtra and other southern states have a large demand for refined coconut oil.

Coconut oil is also used commercially The department makes soap. , Dishwasher, hair oil, beard oil, massage oil, cosmetics, etc.

Coconut oil is also used as a lubricant for machines

Therefore, the demand for coconut oil is higher, so it is worth starting the coconut oil business

Bio Fuel Business

Brewery Business

Led Light Business

Registration and license required for petroleum business

Before starting a coconut oil business, you must complete certain paperwork

•  Company registration : You can start a small and medium-sized coconut oil business as a private company or as a community.

If you are a private company starting a coconut oil business, you must register your business as the owner.

To operate a business, you must register as a limited liability company (LLP) or Pvt. Limited company. At the Registry of Commerce (ROC).

• GST registration: Obtain the GST number, which is a mandatory requirement for all companies.
•  Business license. Then apply to the local government for a business license, which is necessary for conducting business in public areas.
•  MSME / SSI registration: Get Udyog Aadhaar MSME online registration. The status settings can be recalled from it.
• BIS certification: apply for BIS certification. For different uses of coconut oil, you must comply with different quality standards.Like IS11470 (1985).
• Food Safety and Standards Authority of India (FSSAI): Coconut oil is a food-related industry, so you must apply for registration with FSSAI.
•  IEC code: If you want to export coconut oil, you need to apply for an IEC code.
• Trademark: Protect your brand by registering personal data symbols.

Area required for coconut oil production (location)

In any enterprise, choosing a region is a daunting task. You can start a coconut oil business with at least 500 square feet.

When choosing a location, make sure they have water, electricity, sewage treatment facilities, etc.

In addition, the location should be available at all times, and the source of raw materials and target markets are close to the location of the processing plant.

Complete all property-related records and review all site selection regulations cited by the local government.

Raw material for coconut oil production

Coconut oil is made from dried coconuts. The moisture content of dried coconuts is ^%. It is an ideal raw material for making coconut oil.

The quality of coconut oil depends on the quality of dried coconuts, so you should find out how to make it at an affordable price Obtain high-quality copra (dried coconut).

It is recommended that you contact a farmer who can provide you with large quantities of high-quality coconuts at an affordable price.

You must balance these three things: quality, quantity, and price, because you must produce good quality products at low prices.

Equipment requirements for coconut oil production

Equipment requirements usually depend on the manufacturing process, the raw materials used and the investment.

Here we list some of the machinery required to manufacture coconut oil.

• Baby Boiler
• Bucket Elevator
• Copra Cutter
• Crude Coconut Oil Storage Tanks
• Filter Press
• Filtered Oil Storage Tanks
• Micro-filter
• Oil Expeller
• Screw Conveyor
• Steam Jacketed Kettle
• Volumetric Filling Machine
• Wooden Storage Drums
• Packaging Machine

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Coconut oil production process

Step 1 Separate the nuts:

Open the coconut shell, dry it in the sun, and separate the nut from the shell the next day.

Step 2 Copra production:

Dry the walnuts in the sun for more than three days to maintain the moisture content of the copra

Step 3 Reheat

Reheat the copra in the dryer before cutting to make it have moisture The content of copra. Gain 6%

Step 4 Chop:

Use a copra knife to cut the dried coconut (copra) into small pieces.

Step 5 Roasting:

Putpieces of copra in a steamer and cook at 70°C for 30 minutes.

Step 6 Grinding:

After is cooked, continuously pour the cooked copra into the chute and press twice.

The mixed oil is collected from the first pressing method and then pressed for the second time in a separate oil tank.

Step 7 Separate the filter cake:

The oil is filtered by a filter press; you get the cake as a by-product

The oil cake is used as a pre-made cattle feed

Step 8 Double filtration:

The oil filter is extracted twice to obtain finely filtered quality oil

The extraction of residual oil is a solvent extraction process.

Step 9: Store in the storage tank:

Store the filtered pure coconut oil in the storage tank.

Step 10 Packaging:

packaging consists of multilayer films, bottles, cans, and cans; you can package coconut oil into small packages and sell them directly to customers.

The packaging method of the product determines whether it will be provided. You need to package coconut oil well to attract customers’ attention. …

 Health benefits of coconut oil

Cooking applications:

The saturated acids in coconut oil can be easily separated into absorbable parts.

This is why many people prefer to cook with oil instead of other saturated oils such as peanut butter, palm oil and melon oil.

Weight loss:

Everyone who wants to lose weight should eat more coconut oil.

This is because the oil contains an additive that can speed up digestion and separate food more quickly so that the body can absorb it more easily.

Immune system:

research shows that coconut oil contains a fatty acid (unsaturated fat) called lauric acid.

It helps strengthen the body’s immune system to fight diseases and antibodies in the body.

External use:

Coconut oil combines with the skin and acts on the skin to make it softer and smoother; it is also used to remove stretch marks.

Where to sell coconut oil

You need to promote your brand and become a good marketer. The promotion strategy and marketing process you choose will affect the production of coconut oil

Local market (retail market)

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CNC Machine Making Business

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You can sell coconut oil through retailers or local markets

Glossary of store terms: Coconut oil is used in cooking so you can use your The coconut oil can be sold in stores.

Medical supply stores: Coconut oil is also used for medicinal purposes, so coconut oil can be sold in medical supply stores.

Wholesale market

You can wholesale coconut oil at the wholesale market in your city

Online market

Create a small online store where you can sell products or get help from other hosting sites

For example, on a B2B site Register your business,

• Exportersindia

and so on, you can wholesale your products.

B2C website:

Register your business on the B2C website, such as

, etc. You can sell your products directly to buyers on these websites.

Brand and uniqueness

Social media is one of the best ways to connect with customers.

Encourage customers to use your coconut oil brand by offering them exciting combinations, such as a “buy one get one free” promotion.

You can open your website and publish articles about your business, such as: B. The benefits of coconut oil, the facts about coconut oil.

How To Start Coconut Oil Manufacturing Business | SkillsAndTech

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How to Start a Coconut Oil Production Company – Sample Business Plan Template

By: Author Tony Martins Ajaero

Home » Business ideas » Agriculture Industry » Agro Processing & Allied Industry

Do you want to start a coconut oil production from scratch? Or you need a sample coconut oil production business plan template? If YES, then i advice you read on. Coconut oil is one of the many commercial end products that can be gotten from a coconut tree. The coconut oil is made from the coconut fruits and the oil is said to be much better than groundnut oil to the health. Starting a coconut oil production business is a very profitable business and is less capital intensive than other forms of coconut related produce.

In this article, I will start by mentioning some of the many uses of coconut oil to show you why the product is on demand; then I will go ahead and take you through the process of how to start your own coconut oil production company.

4 Health Benefits of Coconut Oil

Contain nutrients for building body immune system.

Research has shown that coconut oil contains a type of fatty acid known as lauric which helps to build the body immune system to fight against diseases and antibodies in the body.

Used for Cooking

The saturated acid found in coconut oil can be easily broken down into absorbable bits; which is why most people prefer using the oil to cook than other saturated oil like the groundnut, palm and melon oil.

Weight Loss

Anybody trying to shade some excess weight is encouraged to take more of coconut oil. This is because the oil contains nutrient that helps to increase the body metabolism rate and to break down food faster for the body to easily absorb.

For External Use

Coconut oil is applied on the skin to make it look smoother and softer; it is also used to clear stretch marks.

Starting a Coconut Oil Production Company – Sample Business Plan Template

1. develop a well defined business plan.

This is the first step you need to take in setting up your business structure. You need to draw up a clear coconut oil production business plan that will define the future of the company.

What will your product brand look like? Or will your coconut oil product be like any other coconut oil in the market? Where do you see your company reaching in the next few years? Answers to these questions will help you structure your business plan.

2. Register the Business as a Legal Entity

Since you will need to run the business as a company, you need to register it as a legal entity. You can start with a sole proprietorship and expand it to a partnership company as the business grows in the future.

3. Get the Required Training

If you must produce a coconut oil product that will be high on demand, you will need to get the necessary training on how to produce the best coconut oil. There are many eBooks and video tutorials online that will take you through the process of how to produce the best coconut oil in the market. I will discuss two popular ways of processing coconut oil later on this article.

4. Source for Coconut Supply

Since the main raw material required to produce the coconut oil is the fruits, you need to find a supplier that can supply you huge quantity of coconuts constantly; as advising you to buy a piece of land, plant your coconut trees and wait for it to bear fruits will take ages to happen. So get a farmer that can supply you healthy coconut fruits at a cheaper price.

5. The Actual Process

This is the actual process involved in turning a coconut fruit into a coconut oil. I mentioned above that I will discuss how you can process your coconut into coconut oil. Remember that you are doing it in a commercial quantity, meaning you need to choose the best process that will give you faster result and at a cheaper price while maintaining a high quality.

The easiest way to prepare coconut oil is by getting matured coconuts; the number of coconuts needed is dependent of the quantity of oil you want to make. Then break the coconuts and scrap out the meaty part of the coconut that is white in colour; cut into smaller piece and place in a blender.

Blend the nuts until it turns into creamy whitish water, then take a sieve or cloth and separate the fibre from the milky water. Place the water in a container and leave it over night. By the next morning, you find out that the water has separated, the oil will settle on the bottom of the container; carefully scoop out the top particles on the container, and you have your coconut oil.

6. Packaging

There are tens of coconut oil brands in the market; how you package your own product will determine if it will sell or not. You need to package your coconut oil product in such a way that anybody that sees it for the first time would wish to know what is in the package ( first impression matters a lot ).

Then the oil must be of the best quality because even if the customer buy the product for that first time because of the packaging and finds out that the oil inside isn’t up to expectation, you may lose not just that customer but several others he or she will tell about the bad quality of the coconut oil.

Remember to include your company’s logo, company name and contact on each pack so that anybody who wishes to order for a larger quantity will know how to contact your company.

7. Marketing

How do you encourage customers (but retailers and wholesalers) to patronize your coconut oil over other brands out there in the market ? First you can offer them a buy two get one promo. Secondly, you can attend food or cooking related expos and share samples of your coconut oil.

Finally, you create an online Blog where you post articles on coconut oil and its health benefits with an ecommerce place where visitors can place their order. You can also leverage top social networking sites with millions of traffic to make sales. For instance, you can create some few minutes’ videos on the health benefits of coconut oil and post it on Youtube with a link to your ecommerce site.

Related Posts:

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• 50 Best Raw Material Supply Business ideas
• How to Make Money Buying and Selling Palm Oil
• How to Start a Business Producing Garri Fortified with Vitamin A
• How to Start a Rice Mill – Sample Business Plan Template

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Detailed Project Report on Virgin Coconut Oil Manufacturing Plant (Cap: 1000 Ltr./Day)

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• Description
• How to Start Business

VIRGIN COCONUT OIL MANUFACTURING PLANT (CAP: 1000 LTR/DAY)

[EIRI/EDPR/1679] J.C.: 500

INTRODUCTION

Virgin coconut oil (VCO) extracted from fresh coconut meat without chemical processes is said to be the mother of all oils. It is rich in medium chain fatty acids, particularly lauric acid and is a treasure trove of minerals, vitamins, antioxidants and is an excellent nutraceutical.

It has about 50% lauric acids, having qualities similar to mother's milk thus confirming its disease-fighting ability, Where lauric acid enters human body its get converted to Monolaurin which has the ability to enhance immunity.

Several studies have confirmed that this compound has the ability to kill viruses including herpes and numerous other bacteria. Its antiviral effect has the ability to considerably reduce the viral load of HIV patients. VCO is not subjected to high temperatures, solvents or refinement procedures and therefore retains the fresh scent and taste of coconuts. It is rich in vitamin E, is non-greasy, non-staining and is widely used in soaps, lotions, creams and lip balms. The health benefits of VCO are second to none; ranging from speeding up body metabolic system and providing immunity against a horde of commonly prevalent diseases.

COST ESTIMATION

Plant Capacity            1000 Ltr./Day  

Land & Building (4000 sq.mt.)    Rs. 1.59 Cr    

Plant & Machinery                    Rs. 80.00 Lac 

Working Capital for 3 Months    Rs. 1.58 Cr 

Total Capital Investment          Rs. 4.10 Cr 

Rate of Return                          44%

Break Even Point                      41%

TYPES OF EDIBLE COCONUT OIL

CHEMICAL COMPOSITION OF COCONUT OIL

CHARACTERISTICS OF COCONUT OIL

B.I.S SPECIFICATION

VIRGIN COCONUT OIL

USES AND HEALTH BENEFITS OF VIRGIN COCONUT OIL

QUALITY STANDARDS OF VIRGIN COCONUT OIL

MARKET SURVEY

PRESENT MANUFACTURERS OF VIRGIN COCONUT OIL

TECHNOLOGIES FOR VIRGIN COCONUT OIL PRODUCTION

CLASSIFICATION & COMPOSITION OF COCONUT FLOUR

PROPERTIES OF COCONUT FLOUR

USES AND APPLICATIONS OF COCONUT FLOUR

MANUFACTURING PROCESS OF VIRGIN COCONUT OIL

PROCESS FLOW DIAGRAM

ANALYSIS OF DIFFERENT PROCESSES FOR PRODUCING VIRGIN COCONUT OIL (VCO)

MANUFACTURING PROCESS OF VIRGIN COCONUT OIL AND COCONUT FLOUR

VIRGIN COCONUT OIL EXTRACTION METHODS

POST PROCESSING STAGE OF VIRGING COCONUT OIL

PRINCIPLES OF PLANT LAYOUT

PLANT LOCATION FACTORS

EXPLANATION OF TERMS USED IN THE PROJECT REPORT

PROJECT IMPLEMENTATION SCHEDULES

PLANT LAYOUT

SUPPLIERS OF RAW MATERIALS

SUPPLIERS OF PLANT AND MACHINERY

APPENDIX – A:

01. PLANT ECONOMICS

02. LAND & BUILDING

03. PLANT AND MACHINERY

04. OTHER FIXED ASSESTS

05. FIXED CAPITAL

06. RAW MATERIAL

07. SALARY AND WAGES

08. UTILITIES AND OVERHEADS

09. TOTAL WORKING CAPITAL

10. TOTAL CAPITAL INVESTMENT

11. COST OF PRODUCTION

12. TURN OVER/ANNUM

13. BREAK EVEN POINT

14. RESOURCES FOR FINANCE

15. INSTALMENT PAYABLE IN 5 YEARS

16. DEPRECIATION CHART FOR 5 YEARS

17. PROFIT ANALYSIS FOR 5 YEARS

18. PROJECTED BALANCE SHEET FOR (5 YEARS)

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Virgin Coconut Oil

Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. the scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and  digitized  data bank.

Coconut is a small holders plantation crop grown in the humid tropics and tropical regions. India is a major producer of coconut in the world. The countrys production is 12535.9 million nuts from an area of 17.54 lakhs hectares. Virgin coconut oil is obtained from fresh matured coconut. This oil is mainly used as a body massage oil and as an ingredient in ayurvedic medicine. It is used as hair oil. It is applied on the body of babies to protect from skin troubles. There is very good demand of virgin coconut oil rather than general coconut oil. There is demand growth of coconut oil is 10% per annum. Govt. of India declared minimum support price for both milling and edible copra. The prices of coconut oil and copra continued to rule at low level in all the major markets. Virgin coconut oil has very good demand. To looking this increasing demand, we can say that any new entrepreneur can venture into this field.

The coconut is the most extensively grown and used nut in the world and the most important palm. The export of coconut and coconut products from India increased by 10.50 per cent to `1450.24 crore in 2015-2016. The increase in quantity exported of desiccated coconut, coconut oil and activated carbon when compared to previous year was 63, 23 and 13 per cent respectively. There are greater prospects for exports of coconut oil, virgin coconut oil and desiccated coconut from India in 2016-17 as the prevailing domestic price is less when compared to the international market.Virgin coconut oil (VCO) is growing in popularity as functional food oil and the public awareness of it is increasing. It is expected that VCO will experience a dramatic growth in the market. The growing demand for virgin coconut oil (VCO) in the international market is expected to directly benefit coconut farmers in the State, with the Coconut Development Board (CDB) initiating steps to help local farmers set up their own large-scale VCO units.The demand for VCO in the international market has increased considerably. In 2013-14, the export of VCO was Rs 5 crore, which increased to Rs 25 crore in 2014-15. This year, we estimate that VCO exports from India would touch Rs 75 crore.Thus, due to demand it is a good project for entrepreneurs to invest.

Few Indian Major Players are as under

• Andhra Pradesh State Civil Supplies Corpn. Ltd.

• ConfroAgros Ltd.

• Diligent Industries Ltd.

• K P L Oil Mills Pvt. Ltd.

• Prima Industries Ltd.

• Raj Oil Mills Ltd.

• Sambandam Solvent Extraction Ltd.

Virgin coconut oil (VCO) is the purest form of coconut oil. Introduced onto the world market at the end of the 20th century, it is one of the highest value products derived from the fresh coconut. It is growing in popularity as functional food oil and the public awareness of it is increasing. It is the oil obtained from the fresh and mature kernel of coconut by mechanical or natural means, with or without the use of heat, without undergoing chemical refining, bleaching or deodorizing, and which does not lead to the alteration of the nature of the oil. 

It is expected that VCO will experience a dramatic growth in the market. The introduction of VCO has open up new research that basically reveals new things besides what has already been known on commercial coconut oil. Coconut oil is extensively used for food and industrial purposes. The oil is rich in medium chain fatty acids and exhibits good digestibility. 

The growing demand for virgin coconut oil (VCO) in the international market is expected to directly benefit coconut farmers in the State, with the Coconut Development Board (CDB) initiating steps to help local farmers set up their own large-scale VCO units.

“The demand for VCO in the international market has increased considerably. In 2013-14, the export of VCO was Rs 5 crore, which increased to Rs 25 crore in 2014-15. This year, we estimate that VCO exports from India would touch Rs 75 crore.Thus, due to demand it is a good project for entrepreneurs to invest.

“The demand for VCO in the international market has increased considerably. In 2013-14, the export of VCO was Rs 5 crore, which increased to Rs 25 crore in 2014-15. This year, it is estimated that VCO exports from India would touch Rs 75 crore.Thus, due to demand it is a good project for entrepreneurs to invest.

Virgin coconut oil (VCO) is the purest form of coconut oil. Introduced onto the world market at the end of the 20th century, it is one of the highest value products derived from the fresh coconut. It is growing in popularity as functional food oil and the public awareness of it is increasing. It is the oil obtained from the fresh and mature kernel of coconut by mechanical or natural means, with or without the use of heat, without undergoing chemical refining, bleaching or deodorizing, and which does not lead to the alteration of the nature of the oil.

Coconut oil is extensively used for food and industrial purposes. The oil is rich in medium chain fatty acids and exhibits good digestibility.

The growing demand for virgin coconut oil (VCO) in the international market is expected to directly benefit coconut farmers in the State, with the Coconut Development Board (CDB) initiating steps to help local farmers set up their own large-scale VCO units. “The demand for VCO in the international market has increased considerably. This year, it is estimated that VCO exports from India would touch Rs 75 crore. Thus, due to demand it is a good project for entrepreneurs to invest.

•       Andhra Pradesh State Civil Supplies Corpn. Ltd.

•       ConfroAgros Ltd.

•       Diligent Industries Ltd.

•       K P L Oil Mills Pvt. Ltd.

•       Prima Industries Ltd.

•       Raj Oil Mills Ltd.

•       Sambandam Solvent Extraction Ltd.

VCO is considered a saturated fat (fat similar to animal sources), however, it has a unique composition of high percentage of medium chain triglycerides (MCTs). MCTs, unlike long chain triglycerides, are easily converted into energy by the liver and have been proven to increase the metabolic rate of an individual. Fatty acid composition of VCO is predominantly Lauric (48%). Monolaurin, derived from the Lauric Acid, has been known to have antimicrobial, antiviral and antifungal effects in the body.

The virgin coconut oil market in Kerala and Tamil Nadu is on a steady line this week with prices remaining at 14,000 a quintal and 14,100 respectively. The global virgin coconut oil market size to grow steadily at a CAGR of around 10% by 2021.The growth of global virgin coconut oil market is significantly increasing during the forecast period of 2017-2023.The virgin coconut oil market is highly fragmented with large number of small and local manufactures in the product segment. The key vendors are anticipated to invest on research and development due to huge popularity and rise in the competition in future. As a whole any entrepreneur can venture in this project without risk and earn profit.

Virgin coconut oil (VCO) is the oil obtained from the fresh and mature kernel of coconut by mechanical or natural means, with or without the use of heat, without undergoing chemical refining, bleaching or deodorizing, and which does not lead to the alteration of the nature of the oil. VCO is considered a saturated fat (fat similar to animal sources), however, it has a unique composition of high percentage of medium chain triglycerides (MCTs). MCTs, unlike long chain triglycerides, are easily converted into energy by the liver and have been proven to increase the metabolic rate of an individual.

The annual coconut production in India is around 2,044 crore from 19.8 lakh hectare area. In India, Kerala is the largest producer with the contribution of around 40% of country’s total coconut production. The coconut oil which is extracted from coconut has significant usage in toiletry, food and various industrial sectors. The global virgin coconut oil market size to grow steadily at a CAGR of around 10% by 2021. One of the key factors influencing growth of the virgin coconut oil market demand is the increasing investments in the industry. This facilitates the development of new technologies and ensures a high quality product.

Information

• One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
• One Crore is equivalent to ten million (10,000,000)
• T.C.I is Total Capital Investment
• We can modify the project capacity and project cost as per your requirement.
• We can also prepare project report on any subject as per your requirement.
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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,   Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

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Coconut Oil Processing Business Plan with 3 Years Financial Projections

₦ 20,000.00 ₦ 10,000.00

Standard Coconut oil Business Plan With

* 3 Years financial analysis

* Investor and Bank loan ready

* Complete document with all the necessary sections from Executive summary to appendix

* Comes in MS Word and Ms Excel format respectively

* Enjoy 50% discount.

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Product Description

The coconut oil processing business plan is a standard business plan with 3 years financial analysis that will help Kickstart your business of producing and processing coconut oil for both local consumptions in Nigeria and for export.

According to recent data from Nigeria’s federal ministry of agriculture and rural development, Nigerians generated a total of $150 million from coconut oil export in 2020 and that amount is expected to reach $250 million this year.

This is due to increased awareness of coconut oil benefits production in the country.

Export of coconut according to the ministry, accounts for 10 percent of Nigeria’s agriculture export. Coconut production in the country Also stands at 250,000 metric tonnes annually.

There’s a huge market for coconut in Nigeria and it is a money-making opportunity, that’s why we move swiftly to create the coconut oil production and processing business plan to make it easy for you to start making money with this business idea.

WHY YOU SHOULD GET THIS PLAN?

* Will save you time, you don’t need to create from scratch, use our ready-made plan and edit it to suit your needs.

* It is cheaper, you don’t need to break the bank to get a business plan, we are offering a 50% discount

* Provide a business road map, with this plan you will be able to create a clear success path for your business by focusing on what really matters

* It is Investor-Ready, it is written in a way that will convince investors to support your business and persuade banks and government institutions to give financial assistance.

IMPORTANT FEATURES

* It is a complete business plan with all the necessary sections from the executive summary to the appendix.

* It comes in two formats, the business plan will be sent in an MS – Word while the financial analysis will arrive in MS Excel format

* It includes the 3 years financial projections

HOW TO ORDER THIS PLAN

1. Click on the Add To Cart button

2. Call/WhatsApp:0703 154 2324

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Take a look at the table of contents below to understand what is in the plan.

1.0 Executive Summary

1.1 Benefits

1.2 Objectives

1.3 Mission

1.4 Keys to Success

2.0 Company Summary

2.1 Company Ownership

2.2 Company History

2.3 Location and facilities

2.4 Start-Up Summary

2.4.1 Required Funds

3.0 Product and Services

3.1 Overview

3.2 Pricing Strategy

3.3 Competitive Advantage

3.4 Future Products or Services

4.0 Market Analysis

4.0.1 Market Summary

4.0.2 Market Trend

4.0.3 Marketing Plan

4.1 Market Segmentation

4.2 Target Market Segment Analysis

4.3 Industry Analysis

4.5 Challenges Facing the industry

4.6 SWOT Analysis

4.6.1 Strengths

4.6.2 Weakness

4.6.3 Opportunities

4.6.4 Threats

4.7 External Environmental Analysis

4.8 Competition and Buying Patterns

4.9 Market Strategy

4.10 Sales Strategy

4.10.1 Sales Forecast

5.0 Operation plan

5.1 Production plan

5.2 Production costs

5.3 Production process

5.4 Production systems

6.0 Strategy and Implementation Summary

6.1 Competitive Edge

7.0 Management Summary

7.1 Organizational Structure

7.2 Management Team

7.3 Personnel Plan

Table: Salaries and Wages

8.0 Financial Plan

8.1 Important Assumptions

8.3 Sales Forecast 1-3 Years

8.4 Operating Expenses 1-3 Years

8.5 Cash Flow Forecast 1-3 Years

8.6 Income Statements 1-3 Years

8.7 Balance Sheet 1-3 Years

8.8  Break-even Analysis

8.9 Financial Ratio

8.10 Loan Repayment Schedule, Amortization, and Depreciation

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