How to Start Soya Products Manufacturing Business
If you are thinking about a manufacturing business, there are a variety of options and fields that one can go for. However, going for a product or a field that matches with the current demand of people and also the trend is a difficult circumstance to find for. The Food-related manufacturing business has been certainly booming in the market, out of all the items one of the prominent and profitable items is Soya. Due to its immense demand and need, Soybean has become one of the most significant oilseed crops in India. You can also manufacture and deal with various types of different products through the same constituent and earn profits.
Soybean is considered as the second-largest acreage crop in the world, especially in prominent countries. The reason behind its wide growth and preference is because Soybean is used to process many different types of items such as Soy Milk, Soy Sauce, Soy Chunk, and so on. Soybeans are rich in protein content and they also provide amino acids that are essential for the body which is why they are also preferred by people who have a vegan diet. These few factors are enough to suffice or prove the demand it has in the market.
The market of Soy includes meat alternatives, dairy alternatives, grains, snacks, cereals, meal replacements, protein powders, and formulas. It is a wide market where you can select to have your business manufacture and deal with either one type of Soya Product or multiple ones. The Multiple option would give your business more opportunities and exposure in the market, thereby scaling your profits with a good percentage.
Another factor that contributes to the overall success of Soya Business and demand in the market is the various health benefits that Soya gives. Soya is a good source of vitamins like B6 and B12, it also reduces the risk of heart failure and helps in increasing the bone density in a person’s body. This awareness has led to an increasing demand for Soya Products.
Licenses Required for Soya Product Manufacturing Business
A. FBA License
B. Firm Registration
C. VAT Registration
D. Current Bank Account
E. Trade Mark
F. GST Registration
G. Trade License
H. Business Pan Card
List of Soya Products to Manufacture
There are various Soya Products that can be manufactured by a business owner and sell in the market at large. You can select any type of product to manufacture; however, it is the ones that have a huge demand and good returns that count. Below mentioned is the list of all the Soya Products that have a great demand in the market.
1. Soya Milk
Milk is an item that is a part of daily consumption for children, adults, and almost everyone. But, most of them are now aware of the various benefits Soya Milk has to offer over normal milk. Having contents that are high in protein, carbohydrate, low in fat, etc, it is a favourable product for many. You can expand your business by manufacturing Soya milk in different flavours.
2. Soy Sauce
We Indians love having a tricky taste while having a few dishes, it’s the same reason why most of us prefer having a Sauce to make the food more enjoyable. Soy Sauce offers a unique taste which makes the experience more pleasant, the manufacturing of the same is easy and you would not require a huge capital.
3. Soyabean Oil
If you are looking for the most profitable Soya product or item that has a huge demand in the market then you may want to go for Soyabean Oil. Soyabean oil is used and is an important component in the cooking oil industry. You would require a huge investment to start this business depending on the scale of your venture, but it is a profitable opportunity.
4. Soy Flour
Soya is known for its rich protein content and what better way to consume the protein than in the form of Soy Flour? Soy Flour is used not as a substitute but as an addition or supplement to the Wheat flour. This type of manufacturing usually takes place alongside the manufacturing of Soyabean Oil; hence you can consider the option of starting both the units together.
5. Soya Chunk
Soya Chunk or Soya Nuggets has become the most wished Soya product in the market, people also enjoy the meat that is produced with Soyabean. This type of Soya product is very easy to manufacture, you can even start the manufacturing of the same from your home, it does not require any major investment.
Raw Materials required for Soya Products Manufacturing Business
Technically, you would require different types of Raw Material for different Soya products that you manufacture. However, most of the common raw materials that would be necessary are mentioned as follows.
A. Artificial Flavour
E. Sodium Bicarbonate
G. Soy Flour
I. Baking Soda
Equipment Required for Soya Products Manufacturing Business
Most of the Soya Products’ manufacturing can be conducted from home itself, for example, Soya Chun, etc. However, a few of those products would also require some machinery to process and refine the fat and make the product healthier and more beneficial. The various equipment required is mentioned as follows.
A. Soyabean Grinder
C. Pack Sealer Machine
D. Milk Pots
E. Weighing scale
F. Spoon set
G. Mixing Bowls
H. Mechanical filter
I. Soaking Tank
Soybean, being the second largest acreage crop in the world, has a major demand in the Indian market. Manufacturing Soya Products can also be an easy as well as a profitable venture for business owners. The top Soya Products that can be manufactured are Soya Chunk, Soy Sauce, Soy Flour, Soyabean Oil, and Soya Milk. A business owner may choose to manufacture multiple Soya Products at a time, depending on the capital that they can invest.