Banana wafer making manufacturing business can be started by any individual with low investment. Banana fruit can be preserved for 3 months or more by reducing the moisture in it by drying or frying.
Food is preserved by sun-drying, mostly fruits, like figs, amla, mango, banana, and coconut. It is mainly used in hotels, restaurants, bars, homes, etc. To prepare banana wafers, green bananas are used which are cleaned, sliced, and fried.
Banana wafers have a special category of consumers and they are preferred by many. Banana wafer manufacturing provides an ample opportunity for a new entrant as the market is not dominated by big brands and with good quality and competitive pricing, it is possible to capture adequate market share.
Banana wafers are made from unripe bananas. Chips or wafers are crispy, salty, or spicy and consumers prefer fresh quality. Since they are made from bananas, they have nutritious values as well. The product needs to be packed in transparent polythene bags.
Compliance with PFA Act and FPO are mandatory. Quality standards have been laid down vide IS 2397:1988.
Is Banana Wafer Making Business Profitable?
As per a recent report from Statista, the total revenue from retail and food sales in the United States alone is more than 5 trillion U.S. dollars
Other than the retail market there is also an institutional market consisting of clubs, canteens, railway and airline caterers, co-operative consumer societies, and so on.
There is a huge market for banana wafers, and they can be sold at all such places where people assemble like theatres, picnic spots, bus stands or railway stations, traffic junctions, etc. Retailing has to be done through small grocery shops as well as big departmental stores and supermarkets.
Here is a Stepwise Guide on Starting a Banana Wafer Making Business
Banana Wafer Making Process
Damaged or ripe bananas are taken out during the inspection and only good quality unripe bananas are washed in water. Then they are peeled and trimmed before slicing or cutting them as per the required size.
Then they are washed in boiled water and dried. Dried pieces are deep-fried and then either salt or spices or both are applied. After cooling, they are packed.
The process and weight loss are in the range of 15% to 20%.
The basic process of making banana wafer is as follows:
Sorting and washing bananas → Peeling and slicing → Washing in boiled water and drying → Deep frying → Seasoning and packing.
Raw Material & Packaging For Banana Wafer Making
The most important raw material will be fully grown but unripe bananas. Edible oil, salt, and spices shall also be required in small quantities and can be easily procured. Printed polyethylene bags along with corrugated boxes shall be required for packing for which prior arrangements
must be made.
Banana Wafer Manufacturing Cost:
|Plant Capacity: 100 KG / Day||Plant & Machinery: 4000 US Dollars|
|Working capital: 10000 US Dollars||Total Capital Investment: 20000 US Dollars|
|Return: 44.53%||Break-even: 47.77%|
The actual cost of the banana wafer making may deviate on change of any of the assumptions. You can modify the project capacity and project cost as per your requirement.