FROZEN VEGETABLE & FRUITS PROCESSING PLANT (IQF PLANT)

PROJECT BACKGROUND

India is the second largest producer of fresh fruits and vegetables in the world. India contributes approximately 10% of the world fruit and vegetable production. It stands at 1,300 million MT. Considering the life style changes as well as the increase in the dual income households around the world, the need and demand for frozen fruits and frozen vegetables as well as frozen prepared foods is steadily increasing. The global frozen food market currently stands at US $300 billion, growing at a CAGR of 4%.

RAW MATERIALS

• Fruits - Strawberry, Blueberry, Raspberry, Custard Apple, Chikoo (Sapota),etc.
• Vegetables – Peas, Carrot, Corn, Cauliflower, French Bean, etc.
• Prepared foods – Naan, Parathas, Spring Rolls, Momos (Dimsums), Samosas, etc.

IQF PLANT PARAMETERS

• Plant capacity - A minimum viable frozen fruits and vegetables processing plant would involve a production capacity at at least 1 MT per hour. A client may look to set up a plant of even upto 10 MT per hour capacity.
• Days operational - 300 days
• Hours operational – 20 hours per day
• Approximate area: 2 acre
• Approximate Project cost (Minimum viable): Rs 20 – Rs. 25 crores ( US $ 2.5 -3.5 million)

MARKET SHARE

The production of IQF frozen fruits and vegetables in India currently stands at 200,000 MT, growing at a CAGR of 12.5%. There are approximately 75 major IQF processing plants currently in India.

IT SHOULD BE NOTED THAT THE ABOVE MENTIONED FIGURES AND INFORMATION IS TENTATIVE. AS FROZEN FOOD CONSULTANTS, WE RECOMMEND TECHNO- ECONOMIC FEASIBILITY REPORT TO UNDERSTAND EXACT DETAILS TO THE ABOVE MENTIONED INFORMATION