10 Profitable Industries to Start a Business. Best Startup Ideas for 2019

Manufacturing business has always been a lucrative field for the people globally. Initially it demands reasonable investment but once it is established it fetches heavy consistent profits. However selecting a good manufacturing business idea is key for the success of the business. There are various manufacturing business ideas across the world where one can start.

List of 10 Best Business Ideas for Entrepreneurs:

Roasted Salted Cashew Kernel from Cashew Nut

Cashew kernels, which have a slight brown colour due to longer roasting. They have all the other characteristics of white kernels and have the same nutritional qualities. Butts, splits and pieces are priced lower and are ideal for cooking, preparation of sweets and savoury snacks.

Cashew nuts types or cashew Kernels varieties are graded into white/scorched wholes, pieces, splits, butts etc. Depending on the shape, size & colour of the kernel. The cashew tree (Anacardium occidentale) is a short, stocky, low-spreading, evergreen tropical tree. The leaves are spirally arranged, leathery textured. It flowers once a year, between the months of November and January.

Cashew kernels are processed from raw cashews. They have become increasingly popular all over the world in the recent years, eaten either as an evening snack or in breakfast meals

Cashewnut kernels are mainly used for the snack market as a roasted and salted snack. Due to the lovely taste, the cashewnut is seen as an upper class nut. The cashewnut is becoming of more and more interest to industrial users and is as such used for cookies, cereals and is also promoted as a topping on ice-cream. Increasing demand for healthy snacks, growing demand from European countries and the rising number of primary processing units in Africa are the key factors driving the market growth. However, unfavorable climate changes pose a threat to cashew cultivation. The flowering, fruiting, pest incidence, yield and quality of cashew kernels and nut are highly vulnerable to climate change.

India is one of the major producers and second largest exporter of cashew kernel in the global market, representing 19.1% share in the global cashew kernel exports. India produced 160,000 metric ton of cashew kernel in 2016. The total exports of cashew kernels from India were valued at USD 943,419 thousand, while the total quantity exported was 88,419 metric ton in the year 2017.

Processing and Packaging of Snack Foods

A snack is a small portion of food eaten between meals. This may be a snack food, such as potato chips or baby carrots, but can also simply be a small amount of any food.

A snack is a small service of food, and generally eaten between meals. Snacks come in a variety of forms including packaged snack foods and other processed foods, as well as items made from fresh ingredients at home. Traditionally, snacks are prepared from ingredients commonly available in the home without a great deal of preparation.

Most snack foods are intended for immediate consumption and have a shelf-life of only 1-2 days. Such food products may be sold loose without packaging, or in small polythene or paper packages which contain a portion for sale. If required, the shelf-life may be extended considerably through the use of adequate packaging.

Snack food has emerged as an alternative to full-fledged meals with the paradigm shift in consumer behavior patterns. The higher disposable incomes as a result of the growing urbanization and increasing preference for convenience food have triggered the growth of the snack food industry. The rising health consciousness among consumers and government regulations regarding procurement of raw materials like vegetables, meat, etc. are restraining the growth of snack food consumption to some extent. Innovative product offerings with regards to functional ingredients and organic foods may provide a future growth opportunity in the sector.

Snack food has emerged as an alternative to full-fledged meals with the paradigm shift in consumer behavior patterns. The higher disposable incomes as a result of the growing urbanization and increasing preference for convenience food have triggered the growth of the snack food industry.

The global snack food market is segmented by type into salted snacks, bakery snacks, confectionery, specialty & frozen snacks. The bakery snacks segment possesses the highest market coverage, while the salted snacks including potato chips, corn chips, tortilla chips, popcorn, pretzels, etc. are expected to have the highest market growth during the forecast period. The snack food industry also includes confectionery items like chocolates, candies and cookies, crackers, etc. The global snack food report discusses the market revenue in terms of distribution channels such as specialty stores, independent stores, online sales, convenience stores, supermarkets and hypermarket, etc.

Snack food packaging material has a tremendous demand with growth being fueled by a favorable outlook for disposable personal income and changes in food consumption patterns across the globe. The wide expanding array of products made in single-size servings for better convenience, portability and portion control has also led to fresh packaging opportunities.

Snack Food Packaging Market is segmented By Material Type into BOPP, Polypropylene, Polyethylene, LLDPE, and Polyester, Others, Paper, Metal, Others. The innovation in the global packaging industry such as sophisticated packaging products that are made from materials such as the biaxially-oriented polypropylene (BOPP), Biaxally-oriented polyethylene terephthalate (BOPET), and cast polypropylene (CPP) has led manufacturers of the snack food packaging market to provide attractive and colorful packs to draw attention of the consumers.

CNSL Based Resin in Powder & Liquid Form

CNSL Based Resin mainly consists of two naturally produced Phenolic Compounds i.e. Anacardic Acid and Cardol. Both of them are non-drying and cannot be dried up unless by chemical reaction. CNSL Resin is a transparent viscous resin with golden color film. It is highly suitable for the surface coating application, where outstanding film properties and very high resistance to water and chemicals are required.

·         CNSL Resin is a transparent viscous resin with golden color film. It is highly suitable for the surface coating application, where outstanding film properties and very high resistance to water and chemicals are required.

·         Therefore, CNSL Resin is used commonly as a paint raw material due to its high water and chemical resistant property.

CNSL aldehyde condensation products and CNSL based phenolic Resins are used in applications such as surface coatings, adhesives. Various polyamines synthesised from CNSL are used s curing agents for epoxy resins. CNSL and its derivatives have been used as antioxidants, plasticizers and processing aids for rubber compounds, modifiers for plastic materials and used to provide oxidative resistance sulphur-cured natural rubber products.

Bicycle Rim

A bicycle wheel is a wheel, most commonly a wire wheel, designed for a bicycle. A pair is often called a wheel set, especially in the context of ready built "off the shelf" performance-oriented wheels. Bicycle wheels are typically designed to fit into the frame and fork via dropouts, and hold bicycle tires.

The first bicycle wheels followed the traditions of carriage building: a wooden hub, a fixed steel axle (the bearings were located in the fork ends), wooden spokes and a shrink fitted iron tire. A typical modern wheel has a metal hub, wire tension spokes and a metal or carbon fiber rim which holds a pneumatic rubber tire.

The rim is the "outer edge of a wheel, holding the tire". It makes up the outer circular design of the wheel on which the inside edge of the tire is mounted on vehicles such as automobiles. For example, on a bicycle wheel the rim is a large hoop attached to the outer ends of the spokes of the wheel that holds the tire and tube. In cross-section, the rim is deep in the center and shallow at the outer edges, thus forming a "U" shape that supports for the bead of the tire casing.

The regional demand dynamics of bicycle rims is directly correlated with the overall production and fleet of the bicycles. China is projected to dominate in terms of sales and is estimated to remain dominant in terms of demand for bicycle rims owing to increasing sales of bicycles. North America is expected to grow at significant CAGR during the forecast period in the bicycle rim market owing to increasing government regulations to support green transportation in the region.

Disposable Products (Knife, Fork & Cutlery Items (Spoon)

Disposable Products

A disposable (also called disposable product) is a product designed for a single use after which it is recycled or is disposed as solid waste. The term often implies cheapness and short-term convenience rather than medium to long-term durability. The term is also sometimes used for products that may last several months (e.g. disposable air filters) to distinguish from similar products that last indefinitely (e.g. washable air filters). The word "disposables" is not to be confused with the word "consumables" which is widely used in the mechanical world.

Disposable products are used only once or twice and are often not recycled. When it comes plastic, we aware that it is usually non-biodegradable in nature. Plastic and other disposable products cause a significant damage to our environment. Plastic bags choke the wildlife and refuse to break down in oceans or landfills. They aren’t easy to recycle and make environment pretty messed up.

The disposable products market is witnessing an annual growth of nearly 6-7% due to increased consumer spending on personal care products globally. In addition, the demand for improvised comfort, performance and efficient absorbent products is expected to drive demand for disposable products in the near future. Concerns for safety, convenience and hygiene are identified as key factors affecting growth of disposable products market.

Disposable Cutlery Items

The major items of cutlery in Western culture are the knife, fork and spoon. In recent times, hybrid versions of cutlery have been made combining the functionality of different eating implements, including the spork (spoon / fork), spife (spoon / knife), and knork (knife / fork) or the sporf which combines all three.

Low Ash Metallurgical Coke Plant

Metallurgical coke is made from low ash, low sulfur bituminous coal, with special coking properties, which is inserted into ovens and heated to 1000F to fuse fixed carbon and inherent ash and drive off most of the volatile matter. The final product is a nearly pure carbon source with sizes ranging from basketballs (foundry coke) to a fine powder.

Metallurgical coal is a special type of coal used to make metallurgical coke. There are two types of metallurgical coal used to make coke: hard coking coal and semisoft coking coal. According to Grande Cache Coal, these types of coal are ideal for coke because they melt, swell and re-solidify when placed into a superheated furnace. These types of coal also have low levels of impurities. A third type of metallurgical coal, PCI, is sometimes used in steel or iron making to replace more-expensive coke, indicates Grande Cache Coal.

There has been rising demand for metallurgical coke from the iron, steel and power generation industries. Metallurgical coke is formed by destructive distillation of a special blend of bituminous coal in the absence of air or oxygen. In order to produce metallurgical coke, the coal is heated into ovens at specific temperature to produce low sulphur, low phosphorus coke. Metallurgical coke is used for applications which requires high quality, tough and highly resistant form of carbon.

One of the major challenge faced by the global metallurgical coke market is the use of substitutes such as oils, plastics amongst others as replacement for reducing agent and fuel for the iron and steel production plants. Additionally, there has also been increase in use of materials such as recycled tires or waste tire as an additive with coal for the manufacture of metallurgical coke.

The global metallurgical coke market is anticipated to be dominated by Asia Pacific region with China leading the market both in terms of production and consumption. India is also anticipated to witness sound growth in demand for metallurgical coke owing to the rapid growth in the iron and steel industry in the country.

Stain Removers

Stain removal is the process of removing a mark or spot left by one substance on a specific surface like a fabric. A solvent or detergent is generally used to conduct stain removal and many of these are available over the counter.

If a stain has "set", it has become chemically bonded to the material that it has stained and cannot be removed without damaging the material itself. It is therefore important to avoid setting stains that one wants to remove. This can be done by avoiding heat (by not pressing or ironing the stain), sponging stained materials as quickly as possible, using the correct solvent (some solvents will act as catalysts on certain substances and cause the stain to set more quickly), and avoiding rubbing the stain.

Stain removers contain solvents. A solvent is any fluid that dissolves another chemical. For example, water is a good solvent for dissolving salt and sugar. However, it's not a good solvent for dissolving oil or butter. Stain removers often contain alcohol which acts as a solvent for both water-based and oil-based stains.

The major trends in this market include eco-friendly stain remover products and increasing demand from developing countries. The vendors of laundry care products are coming up with the green laundry concept with the usage of more biodegradable components in the product offerings. Some of the leading eco-friendly stain remover products are Attitude Eco-Friendly Laundry Stain Remover, Citra Spot Natural Stain and Odor Remover, Everyday Stain & Odor Eliminator, and 365 Pre-Wash Stain Remover.

The stain remover product market can be segmented by product into powder, liquid, bar, and others which includes sprays, sticks, tablets, wipes, foams, packets, and gels. By application, the market can be classified into commercial and residential end-user segments. Commercial applications include laundry services, textile industry, and hospitality industry whereas residential applications include household cleaning.

The global stain remover products market offers a wide range of products having different compositions, which include different chemical components, fragrances, formats, packages, and prices. For instance, stain remover products are available in different forms, including powder, liquid, bars, sticks, and sprays.

Ethyl Vanillin

Ethyl vanillin is the organic compound with the formula (C2H5O)(HO) C6H3CHO. This colorless solid consists of a benzene ring with hydroxyl, ethoxy, and formyl groups on the 4, 3, and 1 positions, respectively.

Ethyl vanillin is also an artificial chemical that tastes like vanilla. The main difference between it and its brother vanillin is that ethyl vanillin is 2 ½ times as potent. It’s the flavor you’re looking for if you want to make chocolate that tastes vanilla. Plus, ethyl vanillin and vanillin can also be used together for a more interesting vanilla flavor.

There are two types of vanillin, namely ethyl and methyl. Methyl vanillin has mild flavor of vanilla planifolia. Methyl vanillin is majorly used in vanilla flavored foods. Ethyl vanillin has stronger vanilla flavor than methyl. It’s an important flavoring agent in the food industry for the food items such as ice-creams, chocolates and beverages. Apart from this application, it’s also used as a flavoring agent in toothpaste and various other pharmaceutical applications.

Ethyl vanillin is expensive and stronger than methyl vanillin. Further, the methyl vanillin has a mild flavor of vanilla planifolia, thus, used in vanilla flavored foods. This vanillin type serves as an important flavoring agent in the food industry for items such as ice-creams, chocolates, and beverages. Further, to accommodate the high demand for vanillin, in the food and beverage industry, chemical synthesis process is used.

Lake Colours (Pigments)

Lake colors are used where dyes are unsuitable due to their solubility in water. Lake colors are one of the brightest and most consistent lake colors available in the industry. Various tests are performed at our laboratory to ensure the batch-to-batch consistency of our products.

Lake Colors these include- Lake Erythrosine, Lake Sunset Yellow, Lake Tartrazine, Lake Carmoisine, Lake Brilliant Blue, Lake Quinoline Yellow etc. High in demand, these products are insoluble in water and dissolves only in oil products.

·         Lake colours are dispersible in vegetable oil, and can be mixed with fats, oils, etc. They can also be dispersed in suspension of propylene glycol or sucrose (water or sugar).

·         Lake colours, being relatively inert absorption compounds, are very adaptable and versatile. Because of their good dispersion properties, an almost infinite variety of products can be coloured with these pigments.

·         Lake colours are more stable than the water-soluble colours, thus it is widely used in Cosmetic & Pharmaceutical industry. Dynemic offer Lake colours in three concentrations 15-22 %, 23-30%, 31-38%.

Erythrosine

Erythrosine, also known as Red No. 3, is an organoiodine compound, specifically a derivative of fluorone. It is cherry or melon-pink synthetic, primarily used for food coloring. It is the disodium salt of 2, 4, 5, 7-tetraiodofluorescein. Its maximum absorbance is at 530 nm in an aqueous solution, and it is subject to photo degradation.

Erythrosine (FD&C red no. 3) is one the best characterized chemicals that acts as a 5′-deiodinase inhibitor and results in perturbations of thyroid function. It is a tetra iodinated derivative of fluoresce in, with iodine accounting for ~58% of the molecular weight. Erythrosine is a red dye used widely as a color additive in foods, cosmetics, and pharmaceuticals.

Erythrosine (C20H8I4O5) is commonly referred to as red dye #3. FDA has regulatory oversight for color additives used in foods, drugs, cosmetics, and medical devices. Red Dye #3 can be used in food and drugs per the FDA. According to the FDA, FD&C Red No. 3 may be safely used for coloring foods generally (including dietary supplements) in amounts consistent with good manufacturing practice. Red Dye #3 is commonly used to color maraschino cherries.

Erythrosine is an artificial red colouring agent obtained from coal tar. Commonly referred as red dye, erythrosine is composed of iodine and sodium compounds. Erythrosine belongs to xanthene group which represents wide range of brilliant fluorescent dyes ranging from yellow to bluish red. Erythrosine is widely used in food and beverage, cosmetics and pharmaceutical preparation to impart synthetic cherry-pink colour.

 

 

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ABOUT NPCS

 

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.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

Our Approach:


• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR