Project report for groundnut oil

Why Should Entrepreneurs Invest in Groundnut Oil Business?

1. Exports are growing fast – India sold ₹3,300 crore worth of groundnut oil in 2024. China buys 98% of it, so demand is huge!
2. People use it for more than cooking – Big brands use groundnut oil in skincare and hair oil because it has Vitamin E. The beauty industry grows 5.7% every year, which means more buyers!
3. Hotels and food factories need it – Restaurants and food companies buy groundnut oil in bulk. In 2023, businesses bought 58.2% of all groundnut oil sold. If you sell to them, you can make big profits!
4. The government helps farmers – The Indian government gives subsidies and training to farmers so they grow more groundnuts. This means you can get raw materials easily at better prices.

What are the Key Benefits of Groundnut Oil Business?

1. You can earn more with premium pricing – The global groundnut oil market is growing fast and may reach ₹85,000 crore by 2027. People pay 30% more for high-quality, cold-pressed groundnut oil. If you focus on quality, you can sell at better prices and make more profit.
2. Health-conscious people want groundnut oil – More people now prefer healthy oils. Groundnut oil has good fats, antioxidants, and vitamins, making it a popular choice. This trend is growing at 5.2% every year, so you will always have customers.
3. Eco-friendly production saves money – Some companies use rain-fed farms, cold-press machines, and biofuel from groundnut shells. These methods reduce waste and cut costs. If you follow the same steps, you can save money and attract eco-friendly buyers.
4. You can sell in bulk and direct to customers – Restaurants, food factories, and big stores buy groundnut oil in large amounts. At the same time, many people want small bottles for home use. You can sell to both and increase your income.

Where Can You Find the Best Project Report for Groundnut Oil Business?

• Fast and easy – Create a project report for groundnut oil business in less than 10 minutes.
• Bank-approved – Major banks like SBI, Union Bank, and Bank of Baroda accept Finline’s reports for business loans.
• Trusted by entrepreneurs – Over 3 lakh business owners have used Finline to secure funding.
• Complete business plan – Covers everything from startup costs and profit projections to legal requirements like FSSAI certification.