5 Business Ideas to start your own Business and Become an Entrepreneur
1. Bromelain Enzyme from Pineapple Stems
2. Peanut Butter Manufacturing Business Plan
3. Production of White Fused Alumina
4. Steel Shots & Grits (Steel Abrasives) Manufacturing Business
5. Silica from Rice Husk Ash
Watch Video: 5 Business Ideas to start your own Business and Become an Entrepreneur
Many people dream of becoming their own boss and starting their own business one day, but they’re not sure exactly what kind of business to start. The good news is that no matter what industry you choose, there are plenty of small businesses that are perfect for entrepreneurs looking to make a name for themselves in the world. Here are five great business ideas you can start as soon as you’re ready.
1. Bromelain Enzyme from Pineapple Stems
Bromelain is a protein-digesting enzyme found in pineapple stems and a wide range of other foods. It can be used as a supplement to help with sports injuries such as sprains and muscle tears. By lowering swelling and inflammation, it can help with rheumatoid arthritis and other inflammatory illnesses. It can also be used to aid digestion and alleviate indigestion or stomach discomfort.
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Companies wishing to use it in Brazil, however, must import bromelain. Bromelain is a proteolytic enzyme that is used to treat inflammatory, blood-clotting-related, and malignant diseases of the oral cavity. Antiedematous, anti-inflammatory, antithrombotic, and fibrinolytic activity in vitro and in vivo are all therapeutic features of these enzymes.
1. When bromelain is introduced to dough during baking, it softens it by hydrolyzing gluten. It also increases the taste and quality of biscuits and bread.
2. Bromelain is used in the dairy industry to avoid casein condensation during the cheese-making process.
3. Bromelain is utilised in the meat sector to tenderise meat.
4. Bromelain is used in cosmetics due to its skin-lightening and regeneration characteristics.
5. Bromelain is also used in the pharmaceutical industry.
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Bromelain is predicted to reach a market value of $1154.4 million by 2027, according to Market Research Future (MRFR), with a CAGR of 4.39 percent. The bromelain market is expected to rise as more people become aware of its benefits and its widespread use in the treatment of cardiovascular problems.
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Bromelain is also employed in the cosmetics and personal care industry, as well as nutritional supplement makers, dairy processing facilities, the paper and leather processing industries, and confectioneries. The rise of the industry is tied to the pharmaceutical industry's increasing usage of Bromelain to prevent arthritis and other joint issues.
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2. Peanut Butter Manufacturing Business Plan
Peanut butter, also known as ground-nut butter or pindjur, is a culinary paste or spread made from ground dry roasted peanuts. To change the taste or texture, salt and sweeteners (honey, sugar) are regularly employed, as well as stabilisers (xanthan gum, lecithin). Peanut butter is popular in a wide range of countries and cultures. It can be used as a substitute for other nut butters like almond or cashew butter on breads, muffins, bagels, toast, and even sandwiches.
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Peanut butter is commonly used in sweets and other dishes such as pancakes and spaghetti sauce, and it can be spread on toast or bread. It can also be used to make crackers and cookies, as well as being blended into smoothies and used as a sandwich filling. Peanut butter is a spread or paste produced from pulverised dry roasted peanuts and, on rare occasions, additional nuts such as hazelnuts or almonds.
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The peanut butter market is expected to grow at a rate of more than 10% from 2017-2018 to 2022-23. The India Peanut Butter market will be worth 3.3 billion dollars in 2023, with a CAGR of 13% between 2018 and 2023. The global peanut butter market is expected to grow substantially over the estimated period, owing to rising consumer demand for low-calorie nutritional foods. North America is estimated to contribute the biggest market share of all regions over the forecast period, followed by Europe.
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3. Production of White Fused Alumina
White fused alumina is an extremely pure type of aluminium oxide that may be utilised with both stainless steel and aluminium. Fusing high purity calcined alumina in electric arc furnaces produces white fused alumina (WFA). White Fused Aluminum Oxide is a fused aluminium oxide with a high purity. It's white because it has fewer impurities than brown or pink mixed aluminium oxide. Brown fused aluminium oxide has a higher friability than white fused aluminium oxide.
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White Fused Alumina is made by combining different types of exceptionally pure calcined alumina in electric arc furnaces (WFA). WFA is a hard, friable raw material with a large crystal size, excellent purity, chemical stability, and a high melting point. It's ideal for refractory applications that require high purity, chemical stability, or refractoriness.
• Polishing cloths and abrasive tape materials
• Precision grinding wheels and high-class polishing grinding wheels (bearing steel, etc.)
• Lapping materials made of metal, glass, crystal, semiconductor crystal, and other materials
• Electrical insulating materials, high-quality refractory materials, and other goods
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The global White Fused Alumina market is predicted to increase at a CAGR of 2.2 percent between 2021 and 2026, from 447.8 million USD in 2020 to 522.4 million USD by 2026.
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4. Steel Shots & Grits (Steel Abrasives) Manufacturing Business
Steel shots are spherical grains created by atomizing (granulating) molten steel in a variety of diameters and hardnesses. Steel shots are made from scrap steel. Steel scrap is melted in a furnace and then atomized into shot using a water jet. Steel shots, because to their delicate production process, produce the least amount of dust. Steel shots are used to clean heavy metal parts like engine turbine blades, crankshafts, and heavy-duty springs.
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Steel grit's increased hardness, combined with its flawless microstructure, ensures maximum durability and impact energy transmission. Steel grit is best used in high-stress, severe environments. In a short amount of time, it eliminates a wide spectrum of surface impurities from steels and other foundry metals. The most often used grit grits range from G25 to G80, and they extend the life of conventional abrasive materials by about 1,000 to 1, cutting raw material expenses.
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The steel abrasives market is expected to grow at a healthy rate in the coming years. Rapid industrialization and increased car production are the two main themes driving market expansion. To alleviate environmental concerns, leading vehicle manufacturers are designing low-weight products that emit less carbon dioxide, are cost-effective, and provide exceptional performance.
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Over the forecast period, the market for steel abrasives is expected to rise at a CAGR of 6.2 percent (2019-2026). The global steel abrasives market is expected to develop at a CAGR of 6.5 percent from 2017 to 2023, rising from $34,615 million in 2016 to $53,634 million in 2023. Abrasives are utilised in the automotive, electronics, construction, and industrial industries to produce a good polished surface finish.
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5. Silica from Rice Husk Ash
Rice husk ash silica is a feasible alternative to traditional sand in the concrete industry, especially in places where sand is scarce. Silicon dioxide is produced by extracting silica from rice husk ash using high-temperature calcination and carbonization techniques, and it can be added to concrete mixes to improve properties like as strength, density, air entrainment, and freeze-thaw resistance.
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The husk left behind from milling is commonly utilised as a fuel in paddy processing boilers, generating energy through direct combustion and/or gasification. Precipitated Silica (also known as particulate silica) is a mixture of colloidal-size ultimate particles that haven't formed a significant gel network throughout the preparation process. There are three different forms of amorphous silica. With high-speed neutrons, silica was created, indicating either amorphous or crystalline silica. Vitreous silica or glass formed by fusing quartz includes micro amorphous silica.
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At high temperatures, gynogenic silicas are formed by condensation of SiO2 from the vapour phase, or at low temperatures, by chemical reaction in the vapour phase followed by condensation. In an aqueous solution, silica can be found as sols, gels, or particles. The rising use of silica in the rubber industry's manufacturing of micro sheets, rice rollers, thermoplastic rubber, PVC sheets, and shoe soles is likely to propel the market ahead.
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Increased use of the product in transmission and conveyor belts, notably for higher tear strength and elastomer compound reinforcement, is likely to drive market growth over the forecast period.
The increased demand for the product from the rubber industry is the primary driver of the market. Silica in rubber improves abrasion resistance, tensile strength, and flex fatigue properties. It is commonly used in tyre applications because of its ability to increase the binding and tear resistance between rubber tyres and iron reinforcements.
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