Coconut production plays an important role in Indian economy. Entrepreneurs who want to start a business based on coconut will surely earn potential income from this field. India is the highest producer of coconuts in the world, covering an area of around 1.97 million hectares, which is quite vast.
The southern part of India, importantly Kerala, is the major producer of coconut and holds around 90 percent of the total production. A majority of the coconut wholesale market is located in the southern part of India. The coconut market is growing at a rapid pace. Thus, USA, Europe, and other countries are also showing interest in this field.
Coconut products have an immense potential in the export market too. This business is guaranteed to succeed if one follows the important guidelines. One has to plan out the business in detail before he steps in because coconut export price varies every now and then.
Here are the top four profitable coconut-based business ideas, which can help you to progress in this business.
Coconut Shell Powder:
Coconut is a fruit that has multi-functional uses and coconut shell powder is one of them. The powder is manufactured from matured coconut shells, which are used for making of plywood and laminated boards. They are also used as fillers in mosquito coils, agarbathis and also in synthetic resin glues. This powder is manufactured in different sizes like 80-200 mesh to meet the industrial requirements. Hence, it is clear that one can earn a good amount from coconut shell powder industry and the future too is also very bright in this field.
Coconut candy is an all-time favourite for everyone from kids to adults. Coconut candies are prepared from coconut meat mixed with coconut milk and some added flavours. The demand of these candies is good and they have good export potential too. On the other hand, the manufacturing process is also simple. So, if you are planning to invest in coconut-based business then this would be a great option for sure.
Coconut water consists of glucose, fructose, and levulose. Coconut honey is made from coconut water by evaporating the water with addition of golden syrup to produce honey. The demand for this honey is quite high in India as well as outside India. It is widely used as a beauty therapy and so the demand is always good. With a good marketing strategy, one can generate good revenue out of coconut honey.
The main income source from coconut is through its oil. Coconut oil is used in different forms like cooking oil, hair oil, body oil and industrial oil. It is basically made from dried copra, which has maximum moisture content (6%) in them. To get good selling price, some of the millers follow the process of steam cooking to enhance the quality and aroma of the oil. Coconut oil is available in the market in packs starting from small sachets to 15 litres tin. The demand is so good that it is marketed in bulk thorough out the globe.
These coconut-based business ideas are sure to be a lucrative choice for entrepreneurship.