Do you want to start a honey processing business? Find here a detailed guide on different aspects to consider before starting a honey processing unit.
With a low start-up, capital investment can establish a honey processing plant to facilitate the production of high-quality honey. There is a growing awareness of the nutritional, medicinal, and industrial uses of honey. Consequently, the demand for pure and good quality honey is increasing. In view of this, a trend is fast developing to install honey-processing plants by entrepreneurs as well as public institutions.
Honey Processing Business Plan for Beginners
Here are the 5 Steps to Start a successful honey processing business:
1. Understand the Market
As per industry pundits, the global demand for honey is expected to reach over a whopping 3 million tonnes by the year 2024. Other than the food processing industry, medicine, and consumer products is a huge buyer for honey in present days.
Before starting the honey processing business, it is advised to research the market, both domestic and export, and gather as much information as possible to understand the recent market trends and demands.
2. Learn Bee Farming
You can either buy honey from bee farmers or can produce honey from your own bee farm. In both cases, it is essential to learn the basics of bee farming. There are many types of honey you will come across while talking to beekeepers or growers. Some popular ones are alfalfa, avocado, blueberry, clove, eucalyptus, etc.
You can check out this guide by Nick Winters to learn more about beekeeping
3. Manufacturing Process of Honey
There are some basic steps you need to follow while manufacturing honey. The broad steps are procuring raw honey, filtering, and packaging. Some of the equipment you will need to have are heating, filtering, and storage tanks, gravity Clarifiers, honey filters, extractors, draining trays, bottling and sealing machines, storage tanks, etc.
Honey being a biological substance and intended for food & pharmaceutical use, honey processing needs greater attention in quality and its handling. The moisture content in honey plays an important role in deciding the quality of honey.
Honey with more than 20% moisture is thinner inconsistency. The moisture content in honey increases due to the hygroscopic nature of honey in which the surrounding atmospheric moisture is absorbed by honey. If the moisture content is more than 20% the honey is liable to spoilage due to fermentation & granulation.
Considering the present practice of collection, storage & handling of honey under uncontrolled conditions including climatic factors the honey needs processing, reduction of moisture & packing with utmost care to protect the valuable natural properties.
4. Create a Business Plan
After going through the entire business ecosystem, it is time now to write a detailed business plan for your honey processing business unit. If you are looking for funding, this business plan will be a critical tool to pitch in with investors. You can take help from free business plan software and tools in writing your own business plan.
5. Make Your Honey Processing Business Legal
If you want to build a stress-free business, it is advised to follow the rules and regulations set by the concerning authorities. Licenses and permit requirements depend from country to country and state to state. Check with local authorities what kind of permissions you need to start and run this kind of business.
Also, register your company with an appropriate business structure. If you from The United States, for example, forming an LLC will fetch you extra benefits at an extra cost.
The demand for honey is increasing day by day. the key target market for honey is the medicinal and ayurvedic industry, food processing industry, exports, and domestic retail market. As per your budget, decide which niche you will be concentrating on in the initial phase of the honey processing business.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.