How to Start Banana Wafers /Chips (Deep Fried Snack Food) Manufacturing Business?
How to Start Banana Wafers /Chips (Deep Fried Snack Food) Manufacturing Business? Investment Opportunities in Snack Food Industry.
Chips are the most popular sort of snacks on various occasions. Besides being salty, spicy or flavoured, consumer preference is usually for fresh quality. Potato and banana chips are popular processed food items leading to substantial value-addition. Chips are extremely popular amongst all age groups and that they are made up of various materials. This industry is extremely large and is dominated mainly by local manufacturers. Easy availability, freshness and competitive price are the most features. These products are often manufactured in any a part of the country but this note envisages.
Related Projects: - Banana Products: Banana Flavour, Banana Puree, Banana Based Industries
Fried banana wafers are a deep fried snack food prepared from green fresh mature bananas of the cooking variety. Success in deep-fat frying of snack foods depends upon several factors, such as (a) the use of proper raw material of optimum maturity or quality, (b) correct method of preparation, (c) use of suitable equipment, (d) selection of appropriate fat or oil as frying medium, (e) optimum time and temperature of frying, (f) efficient packaging, and (g) proper storage. Though consumption of these products is at present very high there is no systematic quality control. The formulation of this standard is intended to assist in the manufacture and sale of standardized, nutritious, safer and more hygienically processed products.
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India is that the largest producer of banana within the world and about 90% of banana produced is consumed domestically as fresh fruit. Merely 5% is consumed in processed form providing an honest potential for future processing. About 2.5% is merely processed purely as banana products and therefore the rest as an ingredient in other foods. About 17 varieties of products might be made up of banana. The primary product of banana in market is “fried wafers and candy” which constitute around 31%, rest as banana puree 9%, banana pulp 3%, banana beer 3%, banana wafers 3%, banana powder 6% and others.
Benefits of Banana Wafers
Calories and Carbs for Energy
A Good Source of Magnesium
A Potassium Powerhouse
Bananas may reduce the risk of certain cancers
Bananas can lower the risk of heart disease
Bananas can soothe ulcer pain
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It also provides magnesium, vitamin A, iron, phosphorus, and potassium in small quantities. These nutrients benefit your eyes and may prevent high blood pressure. Like most foods, this snack supplies your body with energy. They're commonly fried in oil and cooked with ingredients like honey or syrup that contribute significant calories, sugar, and fat. Although this snack boasts fiber and a few vitamins and minerals, these benefits are quickly offset by the fat, calorie, and sugar content.
Uses and Application
The product is commonly utilized in Hotels, Restaurants, Bars, and House etc. Banana wafers are made up of unripe bananas. Wafers are crispy, salty or spicy and Consumers prefer fresh quality. Since they're made up of banana, they need nutritious Values also. The product must be packed in transparent polythene bags.
Wafers are very fashionable amongst all age groups and that they are made up of various materials. This industry is extremely large and is dominated mainly by local manufacturers. Easy availability, freshness and competitive price are the most features. These products are often manufactured in any a part of the country.
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Banana Chips Manufacturing Process
Following is the introduction of whole set fried banana chips production line:
Banana slicing machine: This machine is equipped with sharp blades, bananas are cut uniformly.
Elevating machine: This machine elevates banana chips into frying machine.
Banana chips frying machine: Oil water mixture frying machine, stainless steel, fried banana slices are of high quality and good taste.
De-oiling machine: Remove the oil of the banana chips.
Flavoring machine: Used for seasoning the fried chips, the flavor is needed totally depends on yourself.
Automatic banana chips packing machine: full automatic filling, data printing, sealing, etc.
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Market Outlook
The Indian chips market has shown remarkable growth within the past few years. The market is forecast to grow with a CAGR of more than 9% within the near future. Currently, the growing young population (below 15 years) represents a key segment for the potato chips market. Major factors driving the worldwide demand of potato chips are growing urbanization, the increase in disposable incomes and rapidly changing lifestyles. A busy lifestyle including long working hours have forced people to shift from elaborate luncheons and meals to desk snacks and packaged foods. Snack companies are branching out from original recipes and launching line extensions that deliver interesting ingredients, flavours, and textures to consumers trying to find new experiences or alternative ingredients for health reasons.
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The acceptance of Banana chips by consumers has modernized Banana processing sector in India. With the increase in urbanization and increasing working women population, the demand of processed food has grown considerably within the country. Increasing consumption of hygienic Banana products and rising service class have catalyzed the demand for more value-added Banana products. Also, increasing willingness and able to pay a premium for Banana products that's cleaner, safer and has other quality attributes by the consumers, provide ample of opportunities for brand new as well as existing players to expand during this segment of the market.
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Related Project: - Banana Wafers
The Global Snack Food Market was valued at USD 450 billion in 2017 and is expected to reach a value of USD 638 billion by 2023 at a CAGR of 5.79% during the forecast period (2018-2023). While the factors like demand for urbanization and change in lifestyle fuel the growth of the market, whereas government rules and health concerns are hindering the market growth. The growing demand in developing regions and development of innovative products provides ample growth opportunities. Banana contains about 20% sugar and reasonable amount of Vitamins A, B and c. This considered to be an upscale source of energy producing food. It consumed and amongst which banana chips is taken into account to be the most important.
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The popularity of snack foods is growing holy day by day and banana wafer have emerged as a possible snack food. Still there's a large demand to be met for these products in interior and remote places in different parts of the country. Banana Wafers may be a regular consumable item. Dehydrated ripe bananas, popularly known as figs are manufactured within the small and cottage scale sectors are sold as snack foods at the various tea stall, restaurants, railway-Stations and tourist places within the Southern States, while the powder are consumed within the manufacture of frozen dessert , weaning, bakery products etc.
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The improving consumer lifestyle, rapid urbanization, high disposable income, are increasing demand for on the go convenience foods, thereby fuelling the ready-to-eat foodstuff growth. Changing food consumption behavior among consumers, increased willingness to spend on such food and therefore the lack of your time to cook reception are a results of the rapid urbanization. Urbanization also helps in increasing the income, which increases the food expenditure of the final consumer. Currently, ready-to-eat food is that the largest segment within the overall conventional and non-conventional food industry. This segment is growing at a quick pace as a results of the high consumer acceptance for such food globally. Innovative products in functional ingredients, convenience, and organic foods and advancement in areas of packaging technology are expected provide a future growth opportunity within the sector.
Related Project: - Banana Wafers
Both Extruded snacks and Chips market has shown CAGR of more than 9% in the forecast period. Increasing consumer awareness towards healthy and packaged snacks has created a huge demand for Extruded Snacks and Chips in the last five years. The market is so diverse that it can be classified based on the product base as well. For example; potato, rice, corn, cereals & pulses, gram flour, nuts and seeds and the flavour/taste basis such as salty, tangy, spicy, onion, garlic or cheese. With the entry of global and regional players that have the capacity for R&D and capital to spend on understanding consumers, they can come up with new segments to satisfy the tastes and preferences of Indian consumers.
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Key Players:-
A D F Foods Ltd.
Balaji Wafers Pvt. Ltd.
D F M Foods Ltd.
Haldiram Foods Intl. Ltd.
Hello Indo Food Products Pvt. Ltd.
Kishlay Foods Pvt. Ltd.
Laxmi Snacks Pvt. Ltd.
Parle Products Pvt. Ltd.
Prataap Snacks Ltd.
Pure N Sure Food Bites Pvt. Ltd.
Rishabh Food Products Ltd.
Sushma Snacks Pvt. Ltd.
Sweet India Pvt. Ltd.
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