POTATO FLAKES - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics
PROJECT DESCRIPTION
India is one of the leading potatoes producing country. Potatoes produced in states are suitable for value added processing like manufacturing of potato flakes and powder. Potato powder/flakes have wide application in the processed and snack food industries, it can be used in any recipe which requires mashed potatoes. Potato flakes/powder is used in bread, pancake and waffle recipes or as a thickener for smoother sauces, gravies and soups. Also used in fabricated potato chips, extruded snacks, snack pellets, battered breaded products etc. It is also used in gluten-free and allergy cooking. Potato flakes/powder is increasingly being used in a variety of food preparations like snack foods (mc Donald, Pringle, Haldiram Namkeens etc.), soups, ready to eat vegetable curries and other dishes as a thickening agent and stir fries. It has strong potato flavor. It can be a binding material for preparing kheer, tikki, chops, pakoda, cutlets, stuffed paratha, kofta and other products. Its use at present is mainly in hotels, restaurants, but acceptance in household is growing due to its inclusion in items like ready to cook soups, dal, curries, etc. It gives added flavors to curries. It can be used in gulab jamun, puri and paratha.
India is one of the largest producers of potato and ranks third contributing around 7.5% to the world’s production. Potato is probably the most popular food item in the Indian diet and is a highly nutritive food. India's potato production has seen a phenomenal increase since the 1950s, mainly due to strong demand from the processing industry and remunerative returns. According to the Central Potato Research Institute (CPRI), the area under potato rose by almost 547% since the 50s, while yield rose by 267% and overall output jumped by 146%. In 2008-09, potato production (which is a winter crop) was around 28 million tonnes as against 25 million tonnes achieved last year. India' potato output is likely to rise by 5.1 percent to a record 32.7 million tonnes in 2009-10.
The potato flakes is supplied in bulk to the manufacturers of the various snack food items and restaurants/ hotels. The major demand is in cities like Mumbai, Delhi, Chennai, Nagpur, etc. The demand is much more than the supply at present and is likely to grow with the increasing popularity of the snack foods and other items where potato powder is used as input. It has good export potential also, and European countries are largest consumer of potato flakes/flour.
According to a study by McKinney & Co, the Indian food market will grow two fold by 2025 with the rapidly growing Indian economy and improving lifestyles of Indians contributing in a big way to this growth. The market size for the food consumption category in India is expected to grow from US$ 155 billion in 2005 to US$ 344 billion in 2025 at a compound annual growth rate of 4.1 per cent according to market survey. With a growing population and rising per capita income with different lifestyles consumers are willing to pay a premium for both value-added private and branded products, creating immense opportunities for manufacturers and retailers in this sector. There is a very good scope and market potential for potato flakes and new entrepreneurs should venture into this field.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| 2160 MT/Annum |
664 Lakhs |
- |
0 |
Cost of Project : 951 Lakhs |
43.00 |
42.00 |
