Do you want to start a diabetic food manufacturing project on a small-scale basis? Find here a detailed guide on how to start a diabetic food-making production unit with low investment.
Carbohydrates and overeating lead to diabetes. The role of carbohydrates in diabetes is complex. There are food items specifically used as diabetic food. There is no ill effect of taking this food by the diabetic patient. It is now manufactured in India by some organized sectors.
Initiating a diabetic food manufacturing business is not complex. It can be initiated with moderate capital investment and on a small-scale basis.
Selecting the right product and preparing a marketing strategy is important in getting success in the diabetic food manufacturing business. You can concentrate on ready-to-eat and ready-to-cook both types of foods.
Related: Most Profitable Food Business Ideas
Is Diabetic Food Making Business Profitable?
Diabetic food has good export scope though there is a growing good indigenous demand for the food. All the plants and machinery are indigenously available.
One of the key factors contributing to this market growth is the increasing aging population around the globe. The Global Diabetic Food market has also been witnessing the growth of the F&B industry.
The market opportunities for bulk, intermediate, and consumer diabetic foods are significant. Packaged foods that are labeled as “suitable for diabetics,” low–glycemic (i.e.foods containing carbohydrates that do not cause a large rise in blood glucose), or low in sugar, are particularly good growth markets.
As the number of consumers with diabetes rises, naturally healthy foods, in both packaged and non-packaged formats, will also benefit from diabetic trends.
Here are the Steps to Start Diabetic Food Manufacturing Business
1. Select the Diabetic Product to Manufacture
The first thing is to decide on the diabetic food item/items you are going to manufacture. There are plenty of food verticals you can choose from. Some of the categories are Confectionery, Ice Creams, Jams, Jellies, Dietary Beverages, Baked Products, Dairy Products, etc.
2. Select a Location
Find a location for your diabetic manufacturing unit which is not far from the immediate market you are going to cater to. If you choose a location far from the target market, distribution costs will be higher leading to compromising the profitability of your business.
3. Make Business Legally Compliant
Choose the proper business structure under which you are going to operate the business. Check licenses including food licenses and permits from local authorities required to run a diabetic manufacturing unit.
4. Procure Equipment and Raw Materials
Machinery selection will largely depend on what kind of plant you are going to make. You can go with an automatic or semi-automatic plant for producing diabetic food items. Select more than one supplier for sourcing raw materials so that there is no scarcity when one supplier fails to deliver.
5. Diabetic Food Manufacturing Estimated Project Cost
|Plant Capacity: 0.5 MT Diabetic Food/Day||Plant & Machinery: Rupees 20 Lakh|
|Working Capital: Rupees 30 Lakh||Total Capital Investment: Rupees 60 Lakh|
|Break-Even: 45%||ROI: 35.40%|
The actual cost of a diabetic manufacturing project may deviate from a change of any of the assumptions. You can modify the project capacity and project cost as per your requirement.
6. Promote your Diabetic Products
Craft a marketing plan before you start your promotional campaign. Create a website mentioning in detail your company and products. If you want to offer products to a wider market, think of developing an online retail store for selling your products both to domestic and international audiences.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.