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Groundnut Oil Making Process (Peanut), Business Plan

Table of contents, a step by step guide for groundnut oil making process, business plan:.

Today, let us discuss the groundnut oil production process, extraction methods, and business plant including groundnut oil plant (machine) cost in India.

Groundnut oil is also known as peanut oil or Arachis oil, is a mild-tasting vegetable oil expressed from groundnut kernels. Groundnut oil is generally used in cooking, including frying, basting, and the manufacture of margarine and shortenings. Groundnut oil is light yellow transparent edible oil with clear color and lecture, pleasant fragrance and good taste is relatively easy to digest.

Peanut Plantation Field.

Groundnuts or peanuts are a popular source of food throughout the world. And the groundnut oil, however, can be used for cooking, they can be used as a shortening or as a base for confectioneries and they can be used to make peanut butter. Groundnut kernel contains 45 to 55% of oil. The Groundnut oil obtained from the kernel is yellow to greenish-yellow in color. The meal is a very important component of feeds for poultry and cattle. Groundnut oil is an organic material oil that derived from peanuts, noted to have the aroma and taste of its parent legume. Peanuts or Groundnut oils can be extracted in various ways. Always method used depends on the oil.

Groundnut oils are extracted by using a solvent like hexane, while aromatic oils are extracted with different methods including steam distillation and the cold pressing method. In all of these options, the goal of extraction is to produce pure oil free from contaminants and traces of the original plant material.

India is the second-largest producer of peanuts after China. Groundnut or Peanut is the largest oilseed in India in terms of production. It accounted for about 35.99 percent of the oilseeds production of the country during 2007-08. Generally, 2.5 kg of groundnut to produce 1 liter of the groundnut oil. The cost of procurement and processing of the groundnut or peanut is around Rs. 90/kg. Hence, simple math says that Rs. 225/liter is the raw material cost.

Major Groundnut oil-producing states in India

In India groundnut or peanut is grown over an area of 6.9 million hectares with a total production of 5.3 million tonnes. Groundnut cultivation is mainly confined to south Indian states, viz, Gujarat, Andhra Pradesh, Karnataka, Tamil Nadu, and Maharashtra. The other important states grown Groundnut are Madhya Pradesh, Rajasthan, Uttar Pradesh, and Punjab.

The general process of Groundnut oil production

From harvested groundnuts to pure edible peanut oil or groundnut oil production is a complex process. The main procedure is groundnuts preprocessing, prepressing, solvent extraction, crude peanut oil refining.

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The Groundnuts must be pre-processed before sending to the expelling department, the kernels need to be cleaned, shelled, cracked and cooked by special seed processing machinery. Then the preprepared peanut kernels will be transported to the prepressing workshop in where these raw materials could be first expelled by screw oil press machines. However, the screwing process of pressing is a high residual oil rate. In this time, the chemical method solvent extraction will be a good method to fully extract peanut oils. The solvent extraction method can create the residual oil rate of the groundnut meal below 1%. Therefore, for edible use, the pressed crude groundnut oil needs to be refined by filter presses or oil refining plant.

Groundnuts solvent extraction process

Generally, the Groundnut or peanut solvent extraction is a procedure which involves extracting oil from oil-bearing materials by treating it with a low boiler solvent as opposed to extracting the oils by mechanical pressing methods that are expellers, hydraulic presses, etc. The solvent extraction process recovers almost all the oils and leaves behind 0.5% to 0.7% residual oil in the raw material, such as peanuts solvent extraction plant or ground nuts solvent extraction plant, etc. In the case of mechanical pressing, the residual oil left in the oil cake can be anywhere from 6% to 14%.

Groundnuts are first decorticated to remove the husk. The Groundnut kernels so obtained have oil content over 48%. The kernels are subjected to mechanical extraction process with the help of screw presses. The resultant cake has residual oil content changeable from 8 to 12% depending on the extent of pressing. The pre-pressed cake is subjected to solvent extraction for recovery of the residual oil.

The raw material for Groundnut oil production:

The principal raw material essential for the production of groundnut oil is groundnut seed. And you could procure this locally. The seed gives 44.5 to 50% oil, 50-55% meal. However, other required raw materials for Groundnut oil production are caustic soda, bleaching earth, and packaging consumables.

Equipment used for Groundnut oil extraction process:

List of the equipment used for Groundnut oil extraction process will be given below;

  • Self-regulation vibrating sieve
  • Magnetic separator
  • Cleaning sieve
  • Groundnut shelling machine
  • Groundnut Kernel Grading Machine
  • Peanuts Crushing Machine
  • Five-layer Vertical Steam Cooker
  • Electrical Cooker
  • Peanut Rolling Machine
  • Mechanical expeller
  • Filter machine

Groundnut oil extraction process:

Groundnut oil processing process, based on mechanical pressing technology, is normally grouped into three stages they are groundnut seeds preparation, groundnut pressing, and rude groundnut oil refining.

Raw Peanuts.

The complete Groundnut oil extraction process can ensure the nutrition, flavor, safety, and fragrance of peanut oil. The different stages of Groundnut oil extraction process mainly composed of cleaning, shelling, grading, crushing, rolling, steaming or cooking, pressing, filtering and refining.

The first step in preparing oil seeds for Groundnut oil extraction is to clean them. Clean accurately so that the oil is not contaminated with foreign materials. Therefore, this helps to proceed with the extraction process as efficiently as possible. During the procedure, carefully inspect the seeds to remove stones, sand, dirt and spoilt seeds. Additionally, you can use dry screening method to remove all material that is over or undersized. Sometimes washing is resorted to but it must be avoided as the plant tissue will have to be dried at a later stage.

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The raw materials for Groundnut oil extraction should be fresh, full-grained, undamaged, mildew-free, and free of insects and have not undergone an aging period. The cleaning procedure can remove the immature, damaged and moldy grains. The equipment used for this process will be self-regulation vibrating sieve, magnetic separator, cleaning sieve, etc.

Groundnuts with shells should use Groundnut sheller to remove the shells to increase the oil yield, improve the quality of the oil and cake and smooth the following peanut oil production process. The equipment used for this process will be the Groundnut shelling machine.

Some of the Groundnut oil production plants may add this process to separate the small peanuts and large peanuts for different treatments. The equipment used for this process will be the Groundnut Kernel Grading Machine.

This procedure is to remove the red skin by crushing the Groundnut kernels. Then obtain rid of the red skin by wind separator. At the same time, large size Groundnut kernels are crushed into a smaller size. The moisture of crushed Groundnuts can be better controlled. The equipment used for this process will be the Peanuts Crushing Machine.

Rolling or grinding:

After crushing, Groundnuts are rolled through the instantaneous extrusion force between the two rollers to form the embryo slice, the shape of the peanut is changed, the oil path is shortened, and this is beneficial to the peanut oil extraction. The seed is not generally pressed whole since oil extraction is more efficient if the seed is in smaller particles. Herein lies the relevance of the grinding procedure. Grinding is the process for reducing the particle size. Also, you can use small motor powered hammer mills for the unit operation.

Another alternate process used for the reduction of particle size is rolling the oilseeds to generate flakes for oil extraction. Many large-scale commercial plants find this mainly effective approach. Additionally, with large oilseeds, it can be necessary to grind the seed first, and then put the pieces through the flaking rollers. The equipment used for this process will be Peanut Rolling Machine.

Steaming or Cooking:

This procedure is to adjust the moisture of peanut embryo slice by changing the temperature to develop the oil extraction rate and ensure the final peanut oil has a strong aroma. The equipment used for this process will be Five-layer Vertical Steam Cooker, Electrical Cooker.

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The steamed or cooked peanut embryo slices are then pressed by Groundnut oil press machine for oil extraction. The screw peanut oil or Groundnut oil machine can ensure the original cell structure of the peanut is destroyed under mechanical force to obtain a pressed crude oil.

During processing, press the conditioned oil seeds or oil-bearing material using a lever press, hydraulic press or a mechanical expeller to remove the oil.

Peanut oil pressing methods

Divided by pressing temperature, there are two types of peanut oil pressing methods they are hot pressing technology and cold pressing technology.

Hot pressing method is the traditional process of peanut oil. Peanut oil is steamed fried and pressed, generally at a temperature above 120 ℃ with a high rate of oil output. But because of the high production temperature, the peanut protein is generally severely denatured and the lose a great number of nutrients.

Cold pressing method refers to the oil production technology which is conducted temperature under 60℃. Before pressing method, normally uses the process of removing the red skin, which is beneficial to the reserve of nutrients and the comprehensive utilization of peanut protein in peanut oil.

Generally, crude peanut oil can include some organic impurities that can be easily removed by edible oil filter machine or other type’s oil filter machine.

The crude peanut oil or Groundnut oil that is filtered by the oil filter machine is pure and clean. But it still contains several oil-soluble and in oil-soluble impurities. Therefore, it is essential to equip the peanut oil production plant with professional edible oil refinery equipment to get them off and obtain the refined high-quality peanut oil.

Groundnut Oil Processing Flowchart.

Cost of Groundnut oil extraction machine:

Generally, the cost of Groundnut oil extraction machine will be approximately Rs 1.8 Lakh/Piece.

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16 COMMENTS

Hello I am Ankit Patel a Young entrepreneur looking for peanut oil business, and I need help from your side about business from the first step how to start the business , what is process n all. Thank you

very good activity

Hi I a farmer from Maharashtra.I need to start a small groundnut oil factory in my farm.can any one pls suggest me from whr I can start..I saw lot of small machines which can give 4/6kg oil in an hr..as i am farmer i can grow groundnut in farm.. I need help from your side about business from the first step how to start the business , what is process n all. Thanks you.

hi, i am in groudnut oil extraction business (cold pressed, chemical free) on a small scale. I need guidance from you to procure moister free, good oil content seeds. i want to expand my business. i am from Mumbai and do not get good variety of seeds from mandi i.e. wholwsellers in Mumbai and also rate if very high. thanks

Hi, I am chetan patel from west Africa but I am indian from Junagadh Gujarat. If you want to start oil mill at Africa then I am with you because I want to start oil mill here. Actually I have lots of experience of Oil mill and cotton ginning. Here very good groundnut with per kg 30rs. and price will be not changed whole year because here is not satta bazar. My whatsapp is continue at Africa so you can contact me. With regards

What is the name of the variety of peanut.

I am a farmer and supplier of big lot ground nut. I can provide big lot of high quality ground nuts which contains good amount of oil content. Kindly clarify which grade of ground nut you use for oil making and Minimum quantity require.

I want know about groundnut.

Hi i have a oil manufacturing unit.. and i am in search of peanut farmer for direct supply of peanut in which both side will be benifitted…..

I was given an assignment, I really need it. The question goes as thus, what are the methods of grading in oil, it’s advantages and disadvantages?

Hi, My name is Mr. Subhash Wadkar, I am professional for processing of edible oils working in Africa for many years. Now I want to start my own crushing unit for groundnut, but I really have doubts about the loss and forain material % for calculating its recovery after the process. Can any one guide me on retrieval that what is the standard range of F M content for groundnut process.

pls give me idea where we get ground nuts oil making machine

Hello, I am Mr Collins from Benin city ,Edo state ,Nigeria. I have just pick interest in production of grand nut oil in Benin . I have already made the provision for the supply of a machine for this business. So please I want to be properly guided on the business. And again I want the step by step process of this production and the marketing. Thanks. Collins

Thanks for this forum, it’s of a great opportunity and pleasure to read different thoughts and questions from across the globe. I am from Northern Uganda and our region is the leading in groundnuts production. I hope to submit my questions as I encounter challenges in this industry.

Am Blessing from Nigeria am looking in starting up a batch production of refined groundnut oil in my country but I need guidance on how to go about it and the variety of groundnut to use, and also how to remove odor in cold pressed groundnut oil

Your post is a valuable resource for anyone looking to expand their knowledge on the topic. It’s thorough and well-explained.

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How to Start a Groundnut Oil Processing Business

Home » Business ideas » Agriculture Industry » Agro Processing & Allied Industry

Do you want to start a groundnut oil processing business? If YES, here is a complete guide to starting a groundnut oil processing business with NO money and no experience plus a sample groundnut oil processing business plan  template.

No entrepreneur would want to go into a business if they know the chances of making profit from the business is slim, as such, the need to start a business whose products or services is generally accepted by all and sundry, and one of such businesses is the production of groundnut oil. It is fact that all homes or restaurants cum hotel related businesses make use of groundnut oil on a daily basis.

A groundnut oil production company is not one of those businesses that can be started without suitable study of the industry. It is important that you conduct detailed research in order to find out what it will take for you to setup a groundnut oil production company and how to leverage on the existing market to sell your products and also how to create new market channels.

A Groundnut oil Production Company can be considered to be capital intensive, but it is indeed a money spinning business if it is well located and if you are able to create a robust distribution network. If you are tinkering with going into groundnut oil production business, part of what you need to do is read this article to get some information on how to go about launching the business.

You can start your groundnut oil production business in a small town in the United States and if you put the proper structures in place, it won’t be too long before your brand becomes a nationally recognized brand and your products get sold all across major cities in the United States of America and other countries of the world.

18 Steps to Starting a Groundnut Oil Processing Business

1. understand the industry.

Groundnut oil production business falls under the Cooking Oil Production industry and players in this industry basically manufacture cooking oil from a wide variety of edible oil plants. Industry products include soybean oil, rapeseed oil, palm oil, peanut (groundnut) oil, cottonseed oil and other edible oils.

The Cooking Oil Production industry has shown impressive growth over the years. Groundnut oil is a consumer staple and does not experience wild fluctuations in demand, even during recessions. The main reason the industry’s revenue has increased over the five years is due to a major spike in the price of peanuts (groundnuts).

Going forward, manufacturers readjusted prices to reflect lower peanut prices, resulting in revenue declines. Please note that the demand for groundnut oil is expected to remain robust in the next five years as it maintains its position as an important household staple. However, because of fluctuating peanut prices, industry revenue will likely remain volatile.

The Cooking Oil industry of which groundnut oil production line of business is a subset of is a thriving sector of the economy of the united states of America and it generates well over billion annually from more than 456 registered and licensed manufacturing companies scattered all around the United States of America.

The industry is responsible for the employment of over 16,278 people. Experts project the industry to grow at a 2.8 percent annual rate. No cooking oil brand can boast of having a lion share of the available market in the United States of America.

The Cooking Oil Production industry in the United States expanded rapidly in recent years due to increased industry capacity and high levels of domestic demand. With the country’s change in economic focus from export to domestic demand and increased living standards, cooking oil consumption in the United States is expected to maintain a rigid growth trend, with the industry revenue rising to $27.8 billion in 2017, up 3.8 percent for the year.

Over the past five years, revenue has been growing at an annualized rate of 2.8 percent. The small-package cooking oil segment accounted for 15.0 percent of total industry revenue in 2008, and its share has been increasing rapidly in recent years.

Some of the factors that encourage aspiring entrepreneurs to venture into starting a groundnut oil production company is the fact that the market for groundnut oil is growing rapidly in the United States and it is not seasonal. That makes it easier for loads of entrepreneur who are interested in the business to come into the industry at any time they desire; the entry barriers are quite affordable and any serious minded entrepreneur can comfortably raise the startup capital even if it means collecting loans from the bank.

The Cooking Oil Production industry is a profitable industry and it is open for any aspiring entrepreneur to come in and establish his or her business as long as you are able to obtain the required license and permits; you can choose to start on a small scale producing limited quantities of groundnut oil or you can choose to start on a large scale with distribution network and several outlets in key cities all around the United States of America.

2. Conduct Market Research and Feasibility Studies

  • Demographics and Psychographics

The demographic and psychographic composition of those who make use of groundnut oil cut across households and all players in the food preparation line of business such as hotels, restaurants, bakers, caterers, and snack manufacturers et al. So, it will be safe to say that the demographic composition for a groundnut oil production company is all encompassing.

3. Decide Which Niche to Concentrate On

Groundnut oil production is a niche area in the Cooking Oil Production industry, but we are not ruling out the fact that it is the practice for groundnut oil production companies to engage in the production of other cooking oil for the purpose of maximizing profits.

This is why you find groundnut oil production companies also engage in producing some or all of the under listed;

  • Soybean oil production
  • Rapeseed oil production
  • Cottonseed oil production
  • Olive oil production
  • Castor oil production
  • Sesame oil production
  • Sunflower seed oil production
  • Corn oil production
  • Other edible oil production

The Level of Competition in the Industry

There is hardly any industry or line of business anywhere in the world where there is no competition, as a matter of fact, it is competition that brings creativities and innovations in the business world. This goes to show that if you are looking towards starting a groundnut oil production company, then you should brace up for competitions in the industry.

The truth is that you are expected to compete with other players in the Cooking Oil Production industry even if they are not producing groundnut oil. This is why most groundnut oil production companies are leveraging on creativity in terms of producing oil with low cholesterol, packaging and marketing to continue to stay afloat in the industry.

The increasing competition in the Cooking Oil Production industry is not hampering the performance of new entrants as most of them know how to recreate and re – strategize to attract more customers even if it is just households in their immediate community.

4. Know Your Major Competitors in the Industry

It in every industry, there are always brands that perform better or are better regarded by customers and the general public than the others. Some of these brands are those that have been in the industry for a long time, while others are best known for how they conduct their businesses and the results they have achieved over the years.

These are some of the leading groundnut oil production companies in the United States of America and in the globe;

  • Fuji Vegetable Oil, Inc.
  • American Vegetable Oil
  • Adams Grain Co
  • C P Vegetable Oil
  • Columbus Vegetable Oils
  • Smude Sunflower Oil

Economic Analysis

Starting a groundnut oil production company is not difficult but at the same time, it is a business that requires thorough economic and cost analysis if you are looking towards making profits in the industry.

Part of what you need to focus on in this line of business is how to build a standard groundnut oil production plant, robust distribution networks, branding and of course how to maintain your machinery and equipment and to take care of your overhead before your business breaks even. Other costs that should be considered during planning and budgeting are supply of peanuts, packaging materials and maintenance costs.

Lastly, in other to play safe with your investment, it is important that you hire the services of experts to help you carry out thorough economic and cost analysis before committing your resourcing to the business.

5. Decide Whether to Buy a Franchise or Start from Scratch

There are loads of factors that should be considered before choosing the option to follow. Some of the factors to consider are the cost of starting from the scratch or buying a franchise, your financial capacity, your vision, and your business skills and experience.

If your intention of starting a groundnut oil production business is to grow beyond one city, if you want to have presence in key cities in the United States and Canada, then starting your company from the scratch is your best option. But if you just want to start a business with the aim of making profits but you don’t have the required finance and experience to build a business from the scratch, then it will pay you to buy the franchise of a successful brand in the Cooking Oil Production industry if you are lucky to come by one.

Please note that most of the big and successful groundnut oil production companies around started from the scratch and they were able to build a solid business brand. It takes dedication, hard work and determination to achieve business success and of course you can build your own groundnut oil production company to become a successful brand with your distribution networks spread throughout the length and breadth of the United States of America and other countries of the world.

6. Know the Possible Threats and Challenges You Will Face

If you decide to go into groundnut oil production business today, one of the major challenges you are likely going to face is the presence of well – established brands in the Cooking Oil Production industry both in the United States of America and other parts of the world.

The only way to avoid this challenge is to create your own market by concentrating on grocery stores and households in your immediate community. So also, unfavorable government policies can also hamper the growth of your groundnut oil production company. There is nothing you can do as regards these threats and challenges other than to stay positive that things will work well for you.

7. Choose the Most Suitable Legal Entity (LLC, C Corp, S Corp)

If you have plans to launch a groundnut oil production business, the legal entity you choose will go a long way to determine how big the business can grow; some groundnut oil production companies design their business for national and others for international market by exporting and opening chains of distribution networks globally.

Generally, you can choose a general partnership, limited liability Company, or even a sole proprietorship for your groundnut oil production business. Ordinarily, sole proprietorship should have been the ideal business structure for a small – scale groundnut oil production business especially if you are just starting out with a moderate startup capital in a small neighborhood and just into production limited groundnut oil for local consumption in your immediate community.

But if your intention is to grow the business and have distribution network spread across the United States of America and other countries of the world via franchising, and then choosing sole proprietorship is not an option for you. Limited Liability Company, LLC or even general partnership will cut it for you.

Setting up an LLC protects you from personal liability. If anything goes wrong in the business, it is only the money that you invested into the limited liability company that will be at risk. Limited liability companies are simpler and more flexible to operate and you don’t need a board of directors, shareholders meetings and other managerial formalities.

These are some of the factors you should consider before choosing a legal entity for your groundnut oil production business; limitation of personal liability, ease of transferability, admission of new owners and investors’ expectation and of course taxes.

If you take your time to critically study the various legal entities to use for your groundnut oil production business with the ability to export and open chains of distribution networks all across the United States of America and other countries of the world, you will agree that limited liability company; an LLC is most suitable. You can start this type of business as limited liability company (LLC) and in future convert it to a ‘C’ corporation or an ‘S’ corporation especially when you have the plans of going public.

8. Choose a Catchy Business Name

When it comes to choosing a name for your business, you should be creative because whatever name you choose for your business will go a long way to create a perception of what the business represents. Usually it is the norm for people to follow the trend in the industry they intend operating from when naming their business.

If you are considering starting your own groundnut oil production business, here are some catchy names that you can choose from;

  • Pure Gold® Groundnut Oil Production Co
  • Perry Peanut® Cooking Oil Production Company, LLC
  • Green Life® Vegetable Oil Production Company, Inc.
  • Healthy Heart® Groundnut Oil Production Company, Inc.
  • Little Droplets® Groundnut Oil Production Company, Inc.
  • Lara Brown™ Groundnut Oil Production Company, Inc.
  • Cooking Delight© Groundnut Oil Production Company, Inc.
  • Pinker Lane ™ Vegetable Oil Production Company, LLC
  • Jane Hollow© Groundnut Oil Production Company, Inc.
  • Queens Oil© Groundnut Oil Production Company, Inc.

9. Discuss with an Agent to Know the Best Insurance Policies for You

In the United States and in most countries of the world, you can’t operate a business without having some of the basic insurance policy covers that are required by the industry you want to operate from. So, it is important to create a budget for insurance and perhaps consult an insurance broker to guide you in choosing the best and most appropriate insurance policies for your groundnut oil production company.

Here are some of the basic insurance covers that you should consider purchasing if you want to start your groundnut oil production company in the United States of America;

  • General insurance
  • Health/Medical insurance
  • Liability insurance
  • Building Insurance
  • Workers Compensation
  • Overhead expense disability insurance
  • Business owner’s policy group insurance

10. Protect your Intellectual Property With Trademark, Copyrights, Patents

If you are considering starting your own groundnut oil production company, usually you may not have any need to file for intellectual property protection/trademark. This is so because the nature of the business makes it possible for you to successfully run it without having any cause to challenge anybody in court for illegally making use of your company’s intellectual properties.

But if you just want to protect your company’s logo and other documents or software that are unique to you or even jingles and media production concepts, then you can go ahead to file for intellectual property protection. If you want to register your trademark, you are expected to begin the process by filing an application with the USPTO.

11. Get the Necessary Professional Certification

When it comes to the groundnut oil production business, you do not need to have any formal training or special certification before you can be allowed to start the business. All you need is informal training that will give you the needed skills coupled with your own inbuilt artistic talents.

On the other hand, if you come across any form of certification that can aid you to conduct your groundnut oil production business properly, then by all mean try and pursue such certification.

12. Get the Necessary Legal Documents You Need to Operate

The essence of having the necessary documentation in place before launching any business in the United States of America cannot be overemphasized. It is a fact that you cannot successfully run any business in the United States without the proper documentations. If you do, it won’t be too long before the long hand of the law catches up with you.

These are some of the basic legal documents that you are expected to have in place if you want to legally run your own groundnut oil production business in the United States of America;

  • Business and liability insurance
  • Tax Payer’s ID
  • Fire certificate
  • Certificate of Incorporation
  • Business License
  • Business Plan
  • Employment Agreement (offer letters)
  • Employee’s Handbook
  • Operating Agreement for LLCs
  • Insurance Policy
  • Online Terms of Use
  • Online Privacy Policy Document (basically for online payment portal)
  • Company Bylaws
  • Memorandum of Understanding (MoU)
  • Building License
  • Franchise or Trademark License (optional)

13. Raise the Needed Startup Capital

Raising startup capital is perhaps one of the major concerns of entrepreneurs as it can be challenging to raise capital to launch a business idea. Your idea must be workable and promising for you to secure finance from financial institutions or from angel investors.

The first thing to put in place before sourcing for startup capital for your groundnut oil production business is to draft a detailed business plan. With a good business plan, you can easily convince investors to invest in your business. The truth is that no bank can give you a loan if you don’t have a good and workable business plan. Besides, investors will not take you seriously if you don’t have a business plan on ground before launching out to source for startup capital.

Here are some of the options you can explore when sourcing for startup capital for your groundnut oil production company;

  • Raising money from personal savings and sale of personal stocks and properties
  • Raising money from investors and business partners
  • Sell of shares to interested investors
  • Applying for Loan from your Bank
  • Pitching your business idea and applying for business grants and seed funding from donor organizations and angel investors
  • Source for soft loans from your family members and your friends

14. Choose a Suitable Location for your Business

When it comes to choosing a location for a business such as groundnut oil production company, there are key questions you should answer and key factors that must be considered. You are expected to choose a location that is easily accessible especially as it relates to your distribution network and supply of peanuts. Affordability, availability of labor and safety are also some of the factors that you should consider.

Because groundnut oil is used by households and commercial users, it is important to choose a location that will give you leverage to compete in the industry as a new entrant and also to make reasonable profits.

The location you chose to launch your groundnut oil production company is key to the success of the business, so you should rent or lease a facility in a visible location; a location where the demography consists of people and businesses with the required purchasing power

Most importantly, before choosing a location for your groundnut oil production company, ensure that you first conduct a thorough feasibility studies and market survey. The possibility of you coming across similar business that just closed shop in the location you want to open yours can’t be ruled out.

15. Hire Employees for your Technical and Manpower Needs

If you are considering starting a groundnut oil production company, then you should make plans to build a standard groundnut oil production plant. A standard groundnut oil production plant includes oil extractors, vessels, tanks, and conveyor belt system et al. So, you are expected to put all this equipment and machine in place and also purchase standard distribution trucks.

Although you can get fairly used of the above listed equipment and machines, but it is advisable to go for new and latest machines and equipment that can serve you for a long time especially if you have the required money to make the purchase. Even if you don’t have the required amount, you can enter an agreement with the suppliers of such machines and equipment and spread the payment over a period of time.

As regards acquiring a facility, if you have the required finance, it is to your advantage to acquire a property or lease a facility to be used for your groundnut oil production plant; it usually gives you the freedom to design the facility the way you want to it to be and install safety gadgets as you so desire. But if you are low on cash, then you don’t have any option other than to rent a facility.

When it comes to creating a workforce structure for a standard groundnut oil production company, then you should look towards getting qualified and competent people to fill the following roles; Chief Executive Officer (Owner), Plant Manager, Quality Control Officer, Human Resources and Admin Manage, Merchandize Manager, Sales and Marketing Manager, Accountant, Production Workers, Distribution Truck drivers, and Cleaners.

Over and above, you will need a minimum of 15 – 20 staff members to successfully run a small scale but standard groundnut oil production company.

The Service Delivery Process of the Business

The groundnut oil production process includes: groundnut seeds preparation, groundnut pressing and groundnut oil refining. The starting point involves taking the groundnut seeds through a thorough cleaning process to remove sand, stalk, plant debris and any other unwanted particles.

Thereafter, the groundnut seeds have to be prepared for pressing, which usually involves size reduction of the groundnut seeds by breaking them and then conditioning by adjusting their moisture content and temperature, while keeping the seeds hot for a period of certain minutes.

In the next stage, the well – prepared seeds are conveyed via conveyor belt system to the screw pressing machine, which is the most popular method of groundnut oil production. The machine’s screw warm press the groundnut seeds as it moves to advance where the space is smaller and smaller.

Due to strong friction and high pressure, groundnut oil is pressed out. In addition, as the temperature in the machine’s pressing chamber rises, the output rate of groundnut oil also increases. Finally, the fresh groundnut oil comes out through the small openings in the bottom of the pressing chamber.

Lastly, the fresh crude groundnut oil obtained from the pressing machine is elucidated in a setting tank and then pumped through the filter press. The filtered crude groundnut oil is then channeled to the refinery for three stages of refining: neutralization, bleaching and deodorization and then filling into the required container, packaged and ready for distribution.

Please note that quality control is enforced at every stage of the process in order to ensure that only healthy groundnut oils are produced and sold to the public.

16. Write a Marketing Plan Packed with ideas & Strategies

Running a business requires that you should be proactive when it comes to marketing your goods or services. If you choose to launch a groundnut oil production company, then you must go all out to employ strategies that will help you attract customers or else you will likely struggle with the business because there are well-known brands that determine the market direction for the cooking oil production industry.

As a matter of fact, your marketing strategy will center on quality, heart friendliness, low cholesterol, good packaging and pricing, and above all excellent customer service. The truth is that if you are able to put the above stated in place, you won’t struggle to retain your old customers and at the same time win over new customers.

Businesses these days are aware of the power of the internet and which is why they will do all they can to maximize the internet to market their services or products. In other words, a larger percentage of your marketing effort will be directed to internet users; your website will become your number one marketing tool.

These are some of the marketing ideas and strategies that you can adopt for your groundnut oil production company;

  • Introduce your groundnut oil production company by sending introductory letters alongside your brochure to households and all players in the food preparation line of business such as hotels, restaurants, bakers, caterers, and snacks manufacturers et al. throughout the city where your groundnut oil production company is located and distributed
  • Advertise on the internet on blogs and forums, and also on social media like Twitter, Facebook, LinkedIn to get your message across, so that those on the social media or those who read blogs will know what groundnut oil to purchase within your location
  • Create a basic website for your business so as to give your business an online presence
  • Directly market your products
  • Engage in roadshows in targeted communities from time to time to promote your groundnut oil brand
  • Join local groundnut oil production company associations for industry trends and tips
  • Provide discount days for your customers
  • Advertise our business in community based newspapers, local TV and radio stations
  • List your business on yellow pages ads (local directories)
  • Encourage the use of Word of mouth marketing (referrals)

17. Work Out a Reasonable Pricing for your Services & Products

One key factor that will help you sell your groundnut oil at rock bottom prices is to purchase your raw materials directly from peanut farmers and wholesalers in pretty large quantities. The truth is the higher the quantity of items that you purchase directly from wholesalers, the cheaper you tend to get them.

Another strategy that will help you retail your groundnut oil at the right price is to ensure that you cut operational cost to the barest minimum, and channel your efforts towards marketing and promoting your brand name. Aside from the fact that this strategy will help you save cost, it will also help you get the right pricing for your products.

You can also try as much as possible to work with independent contractors and marketers; it will help you save cost for paying sales and marketing executives.

18. Develop Strategies to Boost Brand Awareness and Create a Corporate Identity

If you are in business and you are not deliberate about boosting you brand awareness and communicating your corporate identity, then you should be ready to take on whatever the society portray your business to be.

If your intention of starting a groundnut oil production company is to grow the business beyond the city where you are going to be operating from to become a national and international brand by opening chains of distribution network and exporting your products, then you must be ready to spend money on promotion and advertisement of your brand.

No matter the industry you belong to, the truth is that the market is dynamic and it requires consistent brand awareness and brand boosting cum promotion to continue to appeal to your target market. Here are the platforms you can leverage on to boost your brand awareness and create corporate identity for your groundnut oil production company;

  • Place adverts on both print (newspapers and food magazines) and electronic media platforms
  • Sponsor relevant community based events
  • Leverage on the internet and social media platforms like Instagram, Facebook, Twitter, YouTube, Google + et al to promote your groundnut oil production company – brand
  • Install your billboards in strategic locations all around your city or state
  • Engage in roadshows from time to time in targeted neighborhoods to create awareness of your groundnut oil production company
  • Distribute your fliers and handbills in target areas
  • List your groundnut oil production company in local directories
  • Advertise your groundnut oil production company in your official website and employ strategies that will help you pull traffic to the site
  • Position your Flexi Banners at strategic positions in the location where groundnut oil production company is located
  • Ensure that all your staff members wear your branded shirts and all your vehicles and trucks/vans are well branded with your company logo

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groundnut oil production

How to Start Groundnut Oil Extraction Production Business

Groundnut oil production is a financially profitable venture with huge export potential. In addition, you can initiate the groundnut oil processing operation on a small and medium scale basis according to the desired output and project cost.

Initiating a groundnut oil production business requires feasibility study preparation, procurement, and installation of machines in the appropriate accommodation, recruitment of personnel, and project commercial take-off. One metric ton of groundnut seed produces an average of 420 Ltr of groundnut oil, 420 kg of groundnut cake, and 40 kg of groundnut sludge.

Table of Contents

Groundnut Oil Production Market Potential 

Groundnuts are a popular source of food throughout the world. Groundnut oil is used for cooking food and as a shortening or as a base for confectioneries and it can be used to make peanut butter. Groundnut oil ranks at the top among edible oils exported from India.

It is a premium oil and its cost is also high. Most other edible oils are priced lower than groundnut oil. Groundnut oil is available in the market in refined and filtered forms. Although filtered oils are nutritionally superior in quality.

The latest data shows that there are almost 75 countries that import groundnut oil from India in huge quantities. The total export value stands at 64 million US dollars.

1. Groundnut Oil Production License & Registration

In establishing a groundnut oil production unit, you will need to obtain several different licenses and registration from different Government authorities.

  • Company Registration with ROC
  • Trade License
  • GST Registration
  • Factory License
  • Food Operator License
  • BIS Certification
  • ‘No Objection’ from Pollution Control Board
  • AGMARK Certification
  • Fire License

The Food Standards and Safety Rules, 2011, and rules made under IS 544: 1968 permit additions of antioxidants in groundnut oil for a higher shelf life of the oil. However, under the scheme of labeling environment-friendly products, the presence of antioxidants within a prescribed limit is a requirement as per notification of the Ministry of Environment and Forests.

These are the common license and certification requirements. Check with your local DIC authority about any other required formalities.

2. Arranging Finance For Groundnut Oil Production Unit

Alike any manufacturing industry groundnut oil production business also involves two types of co st factors . One is fixed capital and the other is working capital. A refinance scheme facility is available with NABARD . For fixed capital, you will need to apply term loan or mortgage loan. For working capital requirements, you can go for cash credit or the overdraft facility with your nearby bank or any financial institution.

3. Groundnut Oil Production Unit Setup & Machinery  

Selecting the right location for factory operation is an important aspect. The major required utilities are water and electricity. Easy availability of transport facilities and labor is important. Create a floor plan indicating specific space for raw material storage, finished products storage, production unit area, administrative workspace, storeroom for oil cakes, and space for miscellaneous usage.

Generally, you will need to have 0.50 acres of nonagricultural land for establishing an improved groundnut oil expelling unit. Here, you can install a plant with a processing capacity of 240 MT /annum. Additionally, the land must come with proper elevation.

The basic machine & equipment required are as follows:

  • Pre-cleaner for cleaning the oil seeds
  • Cans and trays for handling oil seeds
  • Batch-type solar dryer
  • Tapering screw types mechanical oil expeller
  • Filter press
  • Steel drums for storing edible oil and sedimentation of impurities
  • Weighing balance
  • Semiautomatic bottle-filling machine
  • Molded polycarbonate bottle capping cum sealing machine

If you want to go for pouch packing, you will need to have an automatic pouch filling and sealing machine.

4. Raw Material For Groundnut Oil Production 

The principal raw material required for the production of groundnut oil is groundnut seed. And you can procure this locally. The seed gives 44.5-50% oil and 50-55% meal. However, other required raw materials are caustic soda, bleaching earth, and packaging consumables.

5. Groundnut Oil Production Process & Technology 

Basically, you can divide the edible oil technology into two groups. These are mechanical pressing and solvent extraction. For oilseeds with high oil content such as groundnut, you will need to apply first mechanical pressing.

Here, you can extract over 85% of the oil. However, you can extract the remaining oil in the expeller cake with a solvent. As per mechanical pressing technology, you can divide the groundnut oil production process into three stages. These are seed preparation, pressing, and crude oil refining.

a) Cleaning

The first step in preparing oil seeds for oil extraction is to clean them. Clean properly so that the oil is not contaminated with foreign materials. Therefore, it helps to proceed with the extraction process as efficiently as possible.

During the process, carefully inspect the seeds to remove stones, sand, dirt, and spoilt seeds. Additionally, you can use a dry screening technique to remove all material that is over or undersized. Sometimes washing is also resorted to but it must be avoided as the plant tissue will have to be dried at a later stage.

b. Dehulling

During the process, remove the outer seed coat of the oilseed. Generally, you can use a power-operated dehuller for the operation. Removal of the outer seed coat is necessary as it does not contain oil and inclusion of it in the unit operations makes the oil extraction process less efficient. Some seeds such as groundnut can be shelled by hand. Some others such as sunflower seeds are usually hulled in machines. Still others, like safflower and colza, cannot be shelled.

c. Grinding or rolling

Seed is not usually pressed whole since oil extraction is more efficient if the seed is in smaller particles. Herein lies the relevance of the grinding process. Grinding is the process of reducing particle size. Additionally, you can use small motor-powered hammer mills for unit operation.

Another alternate process used for the reduction of particle size is rolling the oilseeds to produce flakes for oil extraction. Many large-scale commercial plants find this the most effective approach. Additionally, with large oilseeds, it may be necessary to grind the seed first, and then put the pieces through the flaking rollers.

It is the final step for preparing the raw material for oil extraction. Heating leads to increased oil yield. Heating helps in killing those enzymes present in the plant tissue which have a deteriorating effect on oil quality.

Moreover, if you don’t use the oilseed cake for feed or feed, heating is useful as it increases protein availability. Sometimes, you can press the oil-bearing material without heating it. Oil extracted in this way is called cold press oil.

e. Pressing

During processing, press the conditioned oil seeds/oil-bearing material using a lever press, hydraulic press, or a mechanical expeller to remove the oil.

f. Refining

When you use the lower quality feedstock for oil extraction, you can use this process. Basically, it helps in removing undesirable cloudiness, color, and flavor from the extracted oil.  In groundnut oil production, mentioning the shelf life on packets or labels is mandatory.

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Next What Business Research Team

The Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium-scale businesses.

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Groundnut oil production business plan guide in Nigeria

  • 2019-11-04 11:17
  • News/Industry News
  • Chat Online

Groundnut oil production business in Nigeria is a very profitable project with huge export potential. Besides, the government of Nigeria has been very supportive of the edible oil production projects in recent years. In order to seize this chance, you can also firstly initiate the groundnut oil production business through setting up small or medium scale oil mill based on the desired output and project cost.

groundnut oil production in nigeria

Here is a groundnut oil production in Nigeria business plan guide given by our project managers. Hope it can help you.

To Initiate a groundnut oil production business, you require a feasibility study, procurement and installation of machines, hire staffs and so on.

1. The questions you need to consider before starting a groundnut oil production plant in Nigeria

(1)What do you have which can help you be a groundnut oil manufacturer? Raw material, budget, market or others?

(2)What product will you manufacture? Crude groundnut oil or refined groundnut oil?

(3)What is the most effective method to start your groundnut oil production business?

(4) How much will you cost to start the groundnut oil production business?

(5)How much will your product sell and what will your profit margin be?

(6)Where is the market for your product? Who will buy it? How will you market your product?

(7)How can you arrange finance for this business?

Ask yourself these questions before moving forward into the groundnut oil production business. And then you can move to the next step.

2. Arrange finance for your groundnut oil production business in Nigeria

No business can be successful without monetary support. So you need finance or borrowing money from banks.

3. The procurement of groundnut oil production machines

groundnut oil and groundnut meals

Choose high quality groundnut oil production machines and advanced groundnut oil processing technology. Only a customized detailed groundnut oil processing technology can give you the best production effect. So choose a professional vegetable oil machine manufacturer is your first thing to do.

Henan Doing Mechanical Equipment Co.,Ltd has more than 30 years enperience in designing and manufacturing groundnut oil production machines, and other vegetable oil machines. Our engineers can customized the groundnut oil production machine and technology according to your requirements.

4. Leran about the groundnut oil processing technology

Groundnut oil processing technology can be divided into pressing method, the combination method of pre-pressing and solvent extraction. Complete industrial groundnut oil production plant includes groundnut pretreatment & oil pre-pressing machines, groundnut oil solvent extraction plant and groundnut oil refining machine.

1) Groundnut pretreatment & oil pre-pressing machines introduction:

Groundnut pretreatment & oil pre-pressing machines include cleaning machine, crushing machine, flaking machine, softening machine, cooking machine and oil pre-press machine.

groundnut oil pretreatment & pressing machine

Cleaning: Remove impurities such as leaves, sticks, stones, sand, dirt, spoiled seeds and metal contaminants. This process is commonly referred to cleaning and scalping equipment including sieve, destoner, peeling machine, magnetic devices, and belt conveyor etc. The cleaning machine is good for peanut oil pretreatment and pre-pressing machine.

Dehulling: Most oilseeds need to remove the abrasive shells before oil extracting, since the oil content of shells and hulls is less than 1%. Besides, shelling can not only improve the capacity of oil extraction equipment, increase the efficiency of oil production, but also can reduce wear of oil expeller. Dehuller is commonly used in peanut oil pretreatment and pre-pressing machine.

Crushing & Flaking: Most oilseeds require size reduction prior to oil extraction. Crusher and flaker are used in peanut oil pretreatment and pre-pressing machine. Some small seeds such as corn germ, rapeseed and canola don’t need to be cracked.

Cooking: Heating the seed is an option, but not necessary. It can increases efficiency of extraction and protein availability.

Pre-pressing: The oilseeds pre-pressing machine adopts domestic mature DY series pre-presser which specialized for peanut, the oil residue in cake after pre-pressing is about 10-18%, the peanut cake can adopt solvent extraction method to get more oil. The most features of this machine is low energy consumption, less occupied area, etc which is the first choice for peanut pre-pressing.

2) Groundnut oil solvent extraction plant introduction:

groundnut oil solvent extraction plant

The groundnut oil solvent extraction plant is one of the most important pieces of equipment in the peanut oil mill plant. Groundnut oil solvent extraction plant is ideally suitable to extract and produce oil from any kind of oil cake, such as peanut / groundnut, sesame, copra, linseeds, sunflower, castor seed, cotton seed, palm kernel etc. Peanut oil solvent extraction plant consists of extraction system, D.T.D.C  system, condenser system and recovery system. Groundnut oil solvent extraction plant available at small scale and big scale as per buyer's need.

Functions of Groundnut oil solvent extraction plant main parts:

Extracting: To extract the oil in the cake by solvent, the general solvent is 6# extraction solvent oil or commercial hexane.

Desolventising: To remove and recover the solvent in the meal; Dry and cool down the meal at the same time.

Evaporating and stripping: Heating the the miscella by indirect steam, so that can vaporize the solvent and concentrate the miscella.

Solvent recycling: This process is to recover the solvent, decrease solvent consumption, Solvent recycling can keep safety production and improve product quality in peanut oil solvent extraction plant.

3) Groundnut oil refinery plant introduction:

groundnut oil refinery plant

Groundnut oil refinery plant is to refine crude groundnut oil into standard groundnut oil. It consists of degumming process, deacidification process, decolorization process and deodorization process.

Main process of groundnut oil refinery plant

(1) Degumming --- to remove gum and impurities from crude oil

(2) Deacidification --- using alkali to neutralize acid inside crude oil

(3) Decoloration --- using clay to bleach crude oil

(4) Deodorization --- using deodorizing tower to remove odor from crude oil, then will get refined peanut oil

I hope this business plan guide can help you a lot. If you feel that it is good to sart a groundnut oil production business in Nigeria, and you already have enough budget to buy the groundnut oil production machine, you are welcome to contact Doing Company. We will provide you with high quality groundnut oil production machine and best after-sales service.

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Business Plan

Groundnut Oil Production Business Plan in Nigeria

by BusinessPlan Leave a Comment

Groundnut oil is essential to so many foods in Nigeria and other parts of the world. Considering the high demand for this product, it means that you can make a huge income from it. You can produce vegetable oil from several seeds such as soybeans, sesame seeds, cottonseed, and groundnut.

In this post, we will focus more on producing oil from groundnut as it is the most famous way in Nigeria. The beauty of this process is that you can also get other products from this process such as groundnut cake.

Read: Palm Kernel Oil Production Business Plan

Have you been searching for a way to invest in the groundnut oil business in Nigeria? You just picked the right article. We will show you how as well as provide you a sample business plan to help you out.

Sample Business Plan on Groundnut Oil Production in Nigeria

We put together this plan after a lot of research. It can be used to apply for grants and loans as well as to run your business. Since it is a sample business plan, this is only an abridged version. If you need to full version, you can reach out to us and get it for a small fee.

Now let’s get to the sample business plan for groundnut oil business in Nigeria.

Business Name: Gee Nut Oil Nigeria

Location: Kogi State

Industry: Agricultural and Food Processing

Gee Nut Oil Nigeria is a new company focusing on the production and processing of groundnut oil. The company has a farm where it cultivates its groundnut. From here it facilitates the processing, sales, and distribution of affordable but high-quality groundnut oil and other related products.

These products are basic groundnut oil derivatives as well as groundnut cake. All of these are targeted at meeting the groundnut oil needs in the Middle Belt Region of Nigeria. Gee Nut Oil Nigeria has its facility located in Lokoja, Kogi State, Nigeria.

Company Vision

Gee Nut Oil Nigeria desires to be ranked among the biggest producers of groundnut oil and its derivatives within the first five years of operation.

Company Mission

Our mission is to provide our target audience the best products on the market at affordable prices. We seek to provide very healthy products and top-notch customer services to satisfy every customer. This will lead to us gaining their trust and recycling patronage. We also seek to produce within a safe and healthy environment meeting up to required industry standards.

Business Objectives

To ensure that we achieve our business mission and vision, we have set specific objectives in place. We believe that achieving these objectives will be instrumental in becoming one of the biggest groundnut oil companies in Nigeria. Our business objectives include:

  • Raise our company revenue to above N30,000,000 after the first 2 years of production.
  • Ensure that profit margins stabilize around 20% to 25% within the first two years. To achieve this, we believe we need to pay a lot of attention to production expenses.
  • Drive brand awareness as well as generate sales by taking advantage of the different social media channels.

Keys to success

Every company needs to establish a clear path to achieving their goals. This clear path is known as “keys to success.” After lots of research, we have come up with these keys to success to ensure that we achieve our objectives.

  • Attain financial stability through the sales of our products.
  • Ensure that we lower operating costs as much as possible while maintaining the quality of our products.
  • Recruitment of an efficient team that is highly motivated and ready to attain new heights.
  • Ensure that our production facility is hygienic and safe for the manufacture of healthy products.
  • Acquire the necessary licenses to ensure unhindered production.
  • Consistency in offering high-quality processed products.
  • Faster processing duration and offering outstanding customer service to our customers.

Products and Services

Gee Nut Oil Nigeria will be focused on the processing, sale, and distribution of groundnut oil products and derivatives. Along with this, we will offer our equipment for hire to other businesses interested in groundnut oil production. Finally, we will offer consultancy services to other businesses and customers as well as training programs in groundnut oil production.

Competition Analysis

Several huge companies are invested in the Nigerian groundnut oil industry. This means that the competition is very huge for Gee Nut Oil Nigeria. As a startup company, we have carried out a lot of research and we understand exactly what it takes to seize the market.

We will be able to knock off the competition and gain more patronage if we can:

  • Build a strong marketing team that can push the boundaries and helps the brand attain recognition.
  • Leverage on our hygienic production processes and customer service.
  • Provide top-quality products at very affordable prices.

Financial Considerations

To start up Gee Nut Oil Nigeria, we need a sum of about N10 million. We hope to get this via long-term financing. This sum will cover start-up costs, building expenses, purchase of equipment, and working/running capital. We intend to raise this amount from partners and a loan from the bank.

We forecast that around the tenth month of operation, this business will attain a positive cash flow. This achievement will make it possible to expedite the repayment of the loan.

Please note that this is only a sample business plan which is why it is abridged. If you need the full business plan, reach out to us and we will make it available at a subsidized price.

Get your Groundnut Oil Production Business Plan in Nigeria  and feasibility study. pay N10,000 to:

Bank Name: Guaranty Trust Bank (GTB)

Account Name:  Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your name, email address and tittle of business plan (e.g. feasibility study on groundnut oil production in Nigeria) to  07033378184

How to Start a Groundnut Oil Production Business in Nigeria

The first thing you should remember is that currently, there is a ban on the importation of groundnut oil in Nigeria. This means that investing in this sector could become a money-spinner for you. Groundnut oil production is hugely lucrative if you can sap the juices.

There are specific steps to help you start and run a successful groundnut oil business in Nigeria. Let’s show you some of them below.

Learn the trade

Starting this business, or any business at all, without learning the trade could be disastrous. The groundnut oil business requires a level of expertise that comes from studying hard. Find out about the desired market quality, how groundnuts are planted, reaped, and processed.

Learn about the process of extracting oil from groundnuts and the use of the other derivatives. The best way to learn this is from an existing producer. During your time as an apprentice, you will be exposed to the production processes that will help you build your business.

Feasibility study and Business Plan

After learning the trade, take the time to study the industry and carry out a detailed feasibility study. This will help you discover the pitfalls and challenges in the industry. It will also show you what is more in demand and what your competitors are doing.

Use this information to write a business plan that will help you run the business. Many business owners neglect writing a business plan which is why most of them fail. Asides running your business, a business plan is also instrumental in helping you raise funds for your business.

Register your business

If you are going to be considered a serious business, then you must register. In Nigeria, this registration is done under the Corporate Affairs Commission (CAC). Follow through by registering with all the other necessary agencies like NAFDAC and SON.

This registration gives your product certain credibility and helps you gain the trust of potential customers. It also helps you avert unnecessary embarrassments in the future.

Choose a location

When choosing your business location, there are several things to put into consideration. One of these is the proximity of the location to the source of raw materials. Another is accessibility to the market and customers.

It is also important to find a production location that is equipped to avoid polluting the immediate environment. Polluting the environment might lead to sanctions and affect the reputation of your brand. Remember that even though it is a production facility, you also need space to meet with customers.

Acquire funding

Without funds, no business can work. The groundnut oil business needs quite an amount of capital to start. There are several ways to raise funds for your business including personal savings, loans, and gifts. Your business plan should give you a clear picture of how much you need to start your business.

Market your business

This is a very important step because if you get everything else right and miss this step, there’s still no profit. There are several ways of marketing your products. Find the most affordable yet productive methods. Examples include:

  • Social media and digital marketing.
  • Billboards and flyers.
  • Print media.

The profitability of the business

How much profit you make depends on your production levels and how efficient your marketing processes are. It is possible to make up to N13 million or more in a month from this business. How?

Let’s say you produce 3.5 tons of oil daily. Your production costs for a month are likely to fall around N800,000.

One ton of groundnut oil costs N200,000, this means that 3.5 tons will cost N700,000.

This amounts to N14,000,000 if you sell for 22 days in a month. After taking out your cost of production, you should have up to N13.2 million. Although, these costs are based on several market indices.

In this post, we have shown you how to start your groundnut oil business in Nigeria. You have also seen our sample business plan. If you will like the full business plan, reach out to us and we will make it available at a subsidized cost.

Groundnut Oil Production Business Plan in Nigeria © www.businessplan.com.ng

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Business Plan of a Small Scale Groundnut Oil Processing Mill

Groundnut oil is high in good fat (monounsaturated fatty acid), and low in bad fat (saturated fatty acid), this oil is used to lower cholesterol and to prevent heart related disease. Groundnut oil is also used to make medicine, ointments, and medicinal oil for constipation treatment. It is also believed that consuming the groundnut oil lower the risk of cancer.

groundnut oil mill business

Throughout the world groundnut oil is very important edible oil because of its good nutritional values and it lowers the cholesterol problem. Hence, this is considered as popular cooking oil. Beside of cooking groundnut oil is very good substitute for other edible oil in bakery and confectionery industries too. It is an essential ingredient of making soap, mayonnaise etc. in domestic industries. It stands on the top among other edible oils. (Read more about Cost Setting up Edible Oil Plant >>)

Business Plan of Small Scale Groundnut Oil Processing Mill

Groundnut oil is in very high in demand in international market, so establishing a groundnut oil processing mill for business purpose is considering as a financially profitable idea for those who want to set up a business in the edible oil production line industry. So if you are interesting about starting a groundnut oil mil business plan, here is a complete business plan of a small scale groundnut oil processing mill . It will be very useful to take these guidances into consideration when starting. (You may also interested in the groundnut oil processing plant setup cost in Africa countries )

business plan of a small scale groundnut oil processing mill

  • Matket Summanrize

The demand of groundnut oil directly proportional on income and population. Actually it is more depends on income. First you need to check the established manufacturing companies in the market. This will help you in making your project report and business plan. ( Similar Project: Small Groundnut and Soybean Oil Production Plant Project in Togo >> )

  • Raw Material

For groundnut oil business, the main required raw material is groundnuts, also called peanuts, for that you will need to ensure the continuous availability of the shelled groundnuts or unshelled groundnuts. Also, you will check wheather there has stable supply of groundnut oil processing materials, such as caustic soda or bleaching earth for cooking oil refining process . Also, groundnut oil comes in mainly two packaging that is plastic bottle and poly pouch for that you will need to procure cost intensive packaging consumables. Ensure that your raw material supplier should be reliable and professional vendor.

  • Arrange Finance for Groundnut Oil Production Unit

After preparing the basic like raw material and project report, now it is time to arrange the finance. For small scale groundnut oil processing business, the investment cost is relatively lower. If you have enough funds to start the business with your own, its fine or you will have to arrange the money from other capital firms or from the banks. Depending on your requirement bank offers different kind of customized loans. Like if you need fund for purchasing machinery only, or if you want total project finance bank will fund you according to your specific need. ( Related Article: Groundnut Oil Processing Machine >> )

  • Selection of a Location for Setting up Machinery

Now, you will need a moderate covered area for the groundnut oil manufacturing plant operation. The space area is depends the quantity of production and on the unit size. For example, for a small scale groundnut oil processing factory , you need to cover an area around 100 square metter for the oil processing, oil packaging, raw materials storage and more. Make sure that the location must have water supply and electricity. For setting up the groundnut oil production unit you, can also avail long term lease in any industrial area. 

  • Selection of Groundnut Oil Processing Machine

After determining the space, now you will need to select a right machine because choosing the groundnut oil machine is extremely crucial in this business. You can find a lot of oil milling machines in the international market. Compare the rates and feedback from the industry than decide to go for placing order. The machinery should be best for groundnut oil pressing and oil refining that will be able to produce quality and refined groundnut oil. ( Related Article: Edible Oil Refinery Plant >> )

groundnut oil processing mill machines

Typical Machines for Small Scale Groundnut Oil Processing Mill includes: Groundnut Shelling Machine, Cleaning Sieve, Cooking or Roasting Machine, Screw Oil Press , Oil Filter Machine , Oil Refining Machine , Pumps, Conveyor, Automatic Bottling Machine and more. 

  • Installation and Commissioning of Groundnut Oil Processing Machines

After selecting the location and procuring the machine, now it is the time to setup the groundnut oil processing machine correctly and make it running normally. If you managed to get some covered space than fine otherwise you can set up the unit under color coated steel roofing sheets.

  • Distribution Network

For the groundnut oil mill production business, even it is in small scale. It is very important to get best distribution network. So that you will secure the best channels that will see your groundnut oil reach to the end users.

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Small Groundnut/Peanut Oil Processing Plant Working Video

Groundnut Oil Business Plan in Nigeria

Groundnut Oil Business Plan in Nigeria PDF Download

Groundnut Oil Business and Financial Plan

Our Groundnut Oil Business Plan in Nigeria is well documented and can also be used for, but not limited to:

  • Grant Applications,
  • Bank Loans,
  • Proposal writing,
  • Business Concept Note,
  • Competitions e.t.c

Purpose of the Groundnut Oil Business Plan in Nigeria

The Groundnut Oil Business Plan in Nigeria will be of great use:

  • To formulate a strategy for starting and growing the business or existing business by identifying where the business is going and how to get there.
  • To test the viability of the business idea and maximize its opportunities.
  • To Obtain funding and achieve business goals and success. e.t.c

Benefits of the Groundnut Oil Business Plan in Nigeria

The Groundnut Oil Business Plan in Nigeria in beneficial because

  • It helps in outlining the steps needed to achieve the business goals and ideas.
  • It helps to articulate strategy to stakeholders who support the business.

Importance of the Groundnut Oil Business Plan in Nigeria

The Groundnut Oil Business Plan in Nigeria is important because

  • It will assist you in making sound decision in the administration of the commercial enterprise which will make a contribution to the success of the business.
  • It will additionally gives distinctive statistics on all components of the business, outlining the business desires and the steps required to achieve them.

Content of the Groundnut Oil Business Plan in Nigeria

  • Executive Summary
  • Introduction
  • Business Description
  • Keys to Success
  • Products and Services
  • Market Analysis
  • Our Target Market
  • Pricing Strategy
  • Competitor Analysis
  • Sales and Marketing Plan
  • SWOT Analysis
  • PEST Analysis
  • Operational Plan
  • Management plan
  • Financial Plan and Projections
  • Financial Diagnostics

How to Get The Complete Groundnut Oil Business Plan in Nigeria

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Executive Summary of Groundnut Oil Business Plan in Nigeria.

PATILAD Groundnut Oil is a start-up groundnut oil production and processing farm that is involved in sales and distribution of quality and affordable groundnut oil (varieties), groundnut cake, and other groundnut oil derivatives targeting consumers in the Northern Nigeria and also the international market. We are located in Barnawa Kaduna State.

The Company

PATILAD Groundnut Oil is established as a limited liability company owned by Dayo Adetiloye, Adebayo Tijani, and other investors.  The farm is managed and directed by Dayo Adetiloye, a veteran in the Agric. industry with 8 years’ experience and Adebayo Tijani, an experienced Agro-allied specialist with over 15 years’ experience.

To be among the first 3 largest Groundnut oil producer/distributor in south-south Nigeria by 2024.

  • To give our customer the very best products and provide excellent customer service so that we may earn their trust and ensure continued business transaction.
  • To provide an excellent, healthy and safe environment for groundnut oil milling, processing, packaging and distribution.

Executive Summary of Groundnut Oil Business Plan in Nigeria

Executive Summary of Groundnut Oil Business Plan in Nigeria

  • Increase revenue from the sales of crude palm oil to N30,000,000 over 2 years.
  • To maintain profit margins at 20-25% through close attention to expenses and cost of groundnut oil production.
  • To drive awareness and generate sales through mentions in both local print and digital media.

KEYS TO SUCCESS

  • Financial stability for purchase of dried groundnut.
  • Low operating cost and efficient processing techniques.
  • Ensuring an efficient and highly motivated distribution team.
  • Maintenance of Hygienic, safe and human friendly processing facility.
  • Acquire necessary regulatory licence for our processing mill.
  • Offer consistently quality processed products.
  • Outstanding customer service and faster processing duration.

Products and Services

PATILAD Groundnut Oil will sell groundnut oil products, including groundnut cake. We’ll also be offering hiring services of equipment to other business. We produce, process and package to meet standard organization of Nigeria and international standard. We are concerned about providing products that suit the many use of groundnut oil either for edible or industrial uses.

1. Groundnut Oil Extraction Services: a. Cold Pressed Groundnut Oil:

Utilizing advanced cold-press extraction methods, we produce premium-quality groundnut oil. Cold pressing ensures that the oil retains its natural flavor, aroma, and nutritional value, making it an ideal choice for health-conscious consumers.

b. Expeller Pressed Groundnut Oil:

For customers seeking a versatile cooking oil, our expeller-pressed groundnut oil offers a mild flavor profile. This method of extraction ensures a high yield of oil while maintaining its essential nutrients.

2. Variety of Packaging Options: a. Bottled Groundnut Oil:

Our groundnut oil is available in various-sized bottles, catering to the diverse needs of households. This convenient packaging ensures easy handling and storage, maintaining the oil’s freshness. b. Bulk Packaging for Businesses:

We offer bulk packaging options tailored for businesses in the food industry. Restaurants, catering services, and food manufacturers can benefit from cost-effective and efficient solutions to meet their large-scale cooking oil requirements.

3. Specialty Groundnut Oil Products: a. Infused Groundnut Oil:

To add a gourmet touch to our offerings, we provide infused groundnut oil with natural herbs and spices. These specialty oils cater to culinary enthusiasts looking to enhance the flavor of their dishes.

b. Organic Groundnut Oil:

Embracing the growing demand for organic products, our organic groundnut oil is free from pesticides and chemicals. Sourced from carefully selected organic groundnuts, this product appeals to health-conscious consumers.

4. Educational Workshops and Training: a. Farmers Training Programs:

In collaboration with local farmers, we conduct training programs on sustainable groundnut farming practices. This initiative aims to ensure a consistent and high-quality supply of groundnuts for oil extraction.

Read Also: Groundnut-farming-and-processing-business-plan-in-Nigeria

b. Consumer Education Workshops:

To raise awareness about the health benefits and culinary uses of groundnut oil, we organize consumer education workshops. These sessions provide valuable information on the nutritional value, proper storage, and cooking applications of groundnut oil.

5. Quality Assurance and Testing Services: a. Quality Control Measures:

We implement stringent quality control measures throughout the extraction and packaging process to guarantee the purity and quality of our groundnut oil. Regular testing is conducted to meet and exceed industry standards.

b. Third-Party Testing Services:

For businesses and individuals seeking independent verification of the quality of our groundnut oil, we offer third-party testing services. This transparency ensures consumer confidence in the purity and authenticity of our products.

6. Customer Support and Consultation: a. Recipe Suggestions and Cooking Tips:

Our customer support team provides recipe suggestions and cooking tips to help consumers make the most of our groundnut oil in their culinary endeavors. This service enhances the overall customer experience and encourages creative usage of our products.

b. Bulk Purchase Consultation:

Businesses looking to make bulk purchases for commercial purposes can benefit from our consultation services. We offer guidance on the appropriate quantity, packaging, and delivery logistics to streamline the procurement process.

7. Distribution and Delivery Services: a. Nationwide Distribution:

With a strategic distribution network, our groundnut oil is available nationwide. We ensure timely and efficient delivery to retail outlets, wholesalers, and businesses, maintaining a consistent supply chain.

b. Online Ordering and Home Delivery:

To cater to the convenience of modern consumers, we provide online ordering services. Customers can place orders through our website and receive prompt home delivery, ensuring a hassle-free shopping experience.

 Read Also :  executive-summary-of-restaurant-business-plan-in-nigeria

According to United State Department of Agriculture, the groundnut oil production in Nigeria is 920,000 metric tonnes (MT) (2012), which is far below 1,315 MMT domestic demands in 2012, within the period a deficit of 470,000 were imported the same year to supplement the domestic production. This large deficit is definitely a huge market potential for small and medium scale local groundnut oil. What is more interesting about this fact is that the groundnut oil processed locally are cheaper and of higher quality provided the right condition are ensured.

Competition

Competitors for PATILAD Groundnut Oil are Sharada Oil Mills, Starlex oil and Agon Bello Global Services. PATILAD Groundnut Oil’s competitive edge includes the use of modern milling equipment which turns out high quality products, excellent customer service, the expertise of its founders, unique branding and penetrative marketing etc.

Management Team

Dayo Adetiloye

I have over 10 years’ experience in the Groundnut Oil production and sales. I have B. Agric from Obafemi Awolowo University Ile-Ife. I also have a master’s degree in business administration MBA from same school. I am in charge of strategic planning and management for the business.

Adebayo Tijani

I have worked with my father for over 15 years from childhood in which I consistently helped in co-running or managing his groundnut farming and sales business. I’ve also attended several training and organized workshops where I learnt how to run a Groundnut Oil production, processing and distribution firm.

We will manage the firm to profitability by strategic production, marketing and sales.  We will provide quality assurance in our business by always upgrading our product and services to the taste of time. We will ensure excellence delivery of both products and services by employing more people with production, marketing and exemplary interpersonal communication skill. Our target is to build a team of exceptional goal getters and keep a steading assent of excellent performance.

Groundnut Oil Production Business Plan in Nigeria

Materials for groundnut oil production business plan, 1. raw materials:.

The primary raw material for groundnut oil production is high-quality, well-dried groundnut seeds. It is essential to source groundnuts that are free from mold, contaminants, and aflatoxins, ensuring the production of safe and premium-quality oil.

2. Cleaning and Sorting Equipment:

Cleaning and sorting equipment is necessary to remove impurities, stones, and foreign particles from the raw groundnuts. This may include cleaning machines, vibrating screens, and sorting conveyors to ensure only clean and healthy nuts are processed.

Read also: Groundnut-paste-peanut-butter-production-business-plan-in-Nigeria

3. Roasting Equipment:

Roasting is a crucial step in groundnut oil production as it enhances flavor and aroma. Roasting equipment such as roasters or ovens is needed to heat the groundnuts to the optimal temperature, allowing for efficient oil extraction.

4. Oil Pressing Machines:

Oil pressing machines, such as screw presses or hydraulic presses, are essential for extracting oil from the roasted groundnuts. The choice of pressing equipment depends on factors such as production scale and the desired oil extraction method.

5. Filtering Equipment:

To ensure the clarity and purity of the extracted oil, filtering equipment is required. This may include filter presses or other filtration systems designed to remove impurities, sediments, and particles from the oil.

6. Oil Refining Equipment:

For businesses producing refined groundnut oil, refining equipment is necessary. This includes equipment for processes such as degumming, neutralization, decolorization, and deodorization to enhance the quality and shelf life of the oil.

7. Packaging Materials:

Packaging materials play a crucial role in preserving the quality of groundnut oil and ensuring its safety for consumption. These may include bottles, containers, or pouches made of food-grade materials with proper sealing to prevent contamination.

8. Labeling and Branding Materials:

Effective labeling and branding materials contribute to the marketability of groundnut oil products. This includes labels, logos, and packaging designs that convey important information such as product details, nutritional content, and branding elements.

9. Utilities:

Utilities such as water, electricity, and fuel are essential for the operation of processing equipment. Ensuring a reliable and consistent supply of these utilities is crucial for maintaining production efficiency.

10. Quality Control and Testing Tools:

Tools for quality control and testing are necessary to ensure that the produced groundnut oil meets safety and quality standards. This may include equipment for testing acidity levels, peroxide values, and other quality parameters.

11. Safety Equipment:

Ensuring the safety of personnel involved in the production process is paramount. Safety equipment such as gloves, aprons, safety goggles, and fire extinguishers should be provided to employees.

12. Employee Training Materials:

Investing in the training and development of employees is vital for maintaining high production standards. Training materials, including manuals and instructional guides, facilitate the onboarding process and ensure that employees are well-equipped with the necessary skills.

13. Environmental Considerations:

To align with sustainable business practices, considerations should be made for waste management and environmental impact. This may involve the implementation of recycling programs for packaging materials and exploring eco-friendly alternatives.

14. Compliance Documents:

Documents such as permits, licenses, and certifications from relevant regulatory bodies are essential materials for ensuring compliance with health and safety standards. These documents demonstrate a commitment to legal and ethical business practices.

Executive Summary of Groundnut Oil Business Plan in Nigeria

Read Also: Groundnut-farming-and-processing-business-plan-in-nigeria

Financial Considerations

PATILAD Groundnut Oil seeks N10 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital. Funding for the launch of the business is provided primarily by equity from the partners and investors.

The business will reach positive cash flow in its 10th month of operation, allowing for expedited repayment of its loan obligations, as well as for dividends to be paid to the owners.  Revenue will top N174,880,000  with gross margin of 31% in the 1 st year of operation.

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