
India’s imports for almonds accounted for $600 million in 2018. It isn’t much of a shocker, contributing to every typical Indian mother’s need to remind their family of eating them dry fruits every single day, is it?
In fact there is a total of 37 countries India imports these dry fruits from. The total import amount from which stood at $8.9 million the major reasons associated with the booming demand from the Indian consumers
The dry fruits business has been emerging in the form of online, retail and wholesale spaces because of the increasing health benefits of dry fruits, use in dairy and confectionery, use in the baking industry, use in hospitality industry and massive use as a form of packaged gifts on the occasion of festive, celebrations and auspice.
Moreover, because of large availability of dry fruits through wholesalers and massive Indian distribution channel the dry fruit business is likely to yield a reasonable profit margin with a minimal capital requirement and wide customer target base
Nuts about this business, aren’t you ? Now you’ll be
Dry fruits are the fruits that has been dried naturally or artificially using a machine. The major classification of dried fruits are in the form of
Depending upon your capital capability, area availability and size of operations you can establish your dry fruit business as
The market potential for this business has been vast because of its increased benefits to the diet and health conscious consumers, rising use in the food and beverage industry and the consistent demand as a ritual of gifting them on celebratory and festive occasions.
Further, the market potential of dry fruits can be defined and elaborated on the basis of types of dry fruits and their specific uses
On the basis of dehydrated fruits
On the basis of dry fruits and nuts with their uses
Almonds : used in snacks, sweets, milkshakes, desserts, ingredient in food, as a flavoured butter and spread, in milk, cosmetic uses
Cashews: used in authentic dishes, as a form of cheese, in dry snacks, as a flavoured butter, in sweets
Dates: used as a popular consumption to end fasting, as gift giving, health benefits
Raisins: used as a topping over desserts, cereals, chocolates, an ingredient in food
Walnuts: Used in breakfast, used for health benefits, use in making traditional Indian sweets, used as a topping on brownies and cupcakes
The licenses required to run a dry fruit making business is
Also read :
Other details
The Nhava Sheva sea is the most popular port for dry fruit import in India
The investment required to set up a dry fruit business is as follows
Content | Amount | |
Small scale (outlet based) | ₹ 2.5 lakhs – ₹ 3 lakhs | |
Large scale (wholesale based) | ₹ 15 lakhs – ₹ 30 lakhs |
The profits that one could earn from this dry fruit business is ₹50000 – ₹1 lakh per month
The target consumers for your dry fruit business are as follows:
Sweet shops : The traditional Indian sweet shops require almonds, raisins, cashews for making sweet rice cakes, sweets, barfis, cathlis etc
Desserts shops: The dessert shops require dry fruits like walnuts, hazelnuts, almonds, cashews to be used as toppings over the desserts or even make dry fruits flavoured cupcakes, brownies etc
Dairy and confectionery: These make use of dry nuts especially the almonds to make sweetened, unsweetened and flavoured almond milk for the diet and health conscious consumers
Baking shops: These make use of dry fruits to be added as an ingredient of as a topping in biscuits, croissants, cakes etc
Supermarket and retail shops: These stock up on dry fruits to cater to to the health and diet needs of consumers as week as to meet the celebratory, festive gifting demands of the customers on the occasions of weddings, Ramzan, Diwali, holi, Christmas etc
Catering services : these also require dry fruits as a part of their business to offer roasted dry fruits like cashews, almonds etc as starters at weddings and events etc
Cosmetic industries: The cosmetic industry also require almonds specifically to make natural and organic face creams, mists, face washes etc to adhere to the beauty needs of their consumers
Online grocery platforms: The online grocery platforms like big basket, grofers or online gift giving services also require dry fruits to cater to the online customers needs of those for gift giving and fitness needs
The area required to set this dry fruit business could be
The raw materials required to set this business are
The machinery required to set up a dry fruit business is
The manpower required to set up a retail or outlets based dry fruit busines would be
The manpower required for a wholesale based dry fruit business is
Moreover, ample training in terms of the following must also be provided with
The business model of a a dry fruit business can be defined using these four variants
Value proposition: The vale which this business is likely to provide to you is
Target consumers: The target consumers of this business are
Competitor review: The competitors to your dry fruit business are as follows:
Marketing strategy: The marketing strategy that can be implemented by your dry fruit business is
The dry fruit business has the potential and has witnessed the following growth prospects
The profit margin which this business is likely to yield to you is 5-10%
Have a bowl of those dry fruits and get set to get started with this dry fruit business and here’s why
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