Introduction to Oregano Oil Project Report, Manufacturing Business Plan: Oregano oil is obtained using the oregano herb leaves. It is popular because of the different medicinal values and health paybacks. The world market gets the Oregano oil and dried oregano from the key exporter Turkey. Carvacrol is a chemical accountable for the biological actions of oregano and the motive of its use in various medicines. Oregano oil is identified for its multipurpose properties includes antitumor antimicrobial, antimutagenic, angiogenic, analgesic, antispasmodic, analgesic antigenotoxic, anti-inflammatory, antiparasitic, ache inhibitory, antiplatelet, anti-elastase, insecticidal, antihepatotoxic, etc. Oregano oil is even employed as a feed additive and finds uses in honeybee breeding. Hence, market demand from various applications is great and growing quickly.
The oregano oil market is distributed based on applications as cosmetics, pharmaceuticals, food, and beverages. Oregano oil contributes significantly towards the essential oils market as it is widely used in pharmaceutical products.
This analysis organizes the global Oregano Oil manufacturing breakdown info by region, manufacturers, type, and application. Moreover, studies about the market status, contribution, rate of growth, future aspects, market experts, prospects and problems, risks and entry barriers, sales networks, distributors, and finally the analysis of Oregano Oil Market.
A Guide to Oregano Oil Project Report, Manufacturing Business Plan
Oregano Oil’s research report has included the complete analysis of several aspects that upsurge the market’s growth. It establishes restraints, fashion, and drivers that alter the market in either a positive or negative way. This statement also offers the scope of diverse segments and uses that can potentially affect the market in the coming years.
Business plan for starting Oregano Oil Manufacturing Business
To start the profitable venture of Oregano Oil Manufacturing Business, you need to design a perfect business plan to lay a successful path:
- Market demand of Oregano Oil Manufacturing Business
- Implementation schedule of Oregano Oil Manufacturing Business
- List of approvals required for starting Oregano Oil Manufacturing Business
- Area required to start Oregano Oil Manufacturing Business
- Raw materials required for starting Oregano Oil Manufacturing Business
- List of machinery required to start Oregano Oil Manufacturing Business
- Manufacturing process of Oregano Oil
- Project economics of Oregano Oil Manufacturing Business
- Profitability in Oregano Oil Manufacturing Business
Market potential of Oregano Oil Manufacturing Business
The Oregano Oil research report comprises particular sections by region (country), by producers, by type, and finally by application. Each type shows data about the manufacture while the forecast period of 2016-2027. Even the Application segment depicts consumption while the forecast period of 2016 to 2027. The knowledge about the segments assists in recognizing the significance of several aspects that help the Oregano Oil market growth.
Implementation schedule of Oregano Oil Manufacturing Business
- Market analysis and demand, applying for loan 0 – 1 month
- Preparation of business plan 1 – 2 months
- Financial support or investment 2– 4 months
- Selection of location and establishment of unit 3 – 4 months
- Power and water connection facility: 4 – 5 months
- Building construction and shed development 5 – 6 months
- Machinery and equipment purchase 6 – 7 months
- Procuring raw materials and recruiting of manpower 8 – 9 months
- Trial operations 10th month
List of approvals and permits required to start Oregano Oil Manufacturing Business
The next step to start Oregano Oil Manufacturing Business in India is acquiring the below list of licenses, permissions, and registrations –
- Register your business identity
- MSME registration
- GST registration
- ROC
- Get the PAN Card
- Registration of firm
- Shop Act License
- FSSAI License
- IEC Code
- Export License
- Fire and Safety
- ESI
- PF
- No Objection Certificate from pollution board
- Trade license from local municipal authority
Land and building construction for starting Oregano Oil Manufacturing Business
The area required to establish the Oregano Oil Manufacturing unit is 400 – 500 sq. mt. This is the minimum land required to establish a small-scale unit.
Raw materials required for starting Oregano Oil Manufacturing Business
Oregano has leaves that are rich in oil content are the raw materials used for extracting the oil.
List of machinery required for starting Oregano Oil Manufacturing Business
Below is the list of machinery required to start Oregano Oil Manufacturing Business –
- Condenser
- Evaporate vessel
- Pump (condensate)
- Florentine flask
- Pump (cooling water)
- Steam boiler
- Cooling tower
Semi-industrial production of Oregano Oil
During the semi-industrial extraction of Oregano oil, the Oregano leaves are ground using electric hydraulic oil press mand not performed manually. The press is made of stainless steel to avoid Oregano oil contamination. Even this process, consumes less water and manual tasks are decreased. Even the crop produces around 13 % extra when compared to the usual process. Even the problems by using modern oil presses and the centrifuges are not found and the oil quality is well maintained.
While the process is carried out, the Oregano oil is several times exposed to extremely high temperatures that may create alterations in the structure of the fatty acid which are significant for the oil quality. Therefore, the manufacturers should carefully optimize the temperature while the process is taking place and finally sustain the product quality without affecting the structure of the oil.
Some of the manufacturers, extract Oregano oil including almonds nuts or shells, or even fruit bitter pulp, as a result, the oil obtained is bitter aroma and taste.
Oregano Oil Project Report/Economics of Oregano Oil Manufacturing Business
In case if you miss this: Hing Manufacturing Project Report.
Land and building construction on a rental basis: Rs. 3,00,000
Cost of Machinery: Rs. 2,39,500
Pre-operative expenditure: Rs. 29,500.
Fixed capital investment:
- Machinery: Rs. 2,39,500
- Pre-operative expenses: Rs. 29,500
- Total: Rs. 2,69,000
Working capital analysis:
- Oregano leaves: Rs. 1,20,000
- Scented Oregano seed oil 500 lit. @ 60/lit.: Rs. 30,000
- Packing materials (plastic containers, cartons, etc.): Rs. 20,000
- Total: Rs. 1,70,000
Utilities:
- Wood 30 quintals @ Rs. 120/qtl.: Rs. 3,600
- Electricity 300 KWH @ Rs. 3.00: Rs. 900
- Total: Rs. 4,500
Staff and Labour:
- Skilled labour: Rs. 10,000
- Unskilled labour: Rs. 7,500
- Salesman: Rs. 3,000
- Accountant: Rs. 2,500
- Peon: Rs. 2,000
- Total: Rs. 25,000
Other expenses:
- Rent: Rs. 2,500
- Transport and travel: Rs. 2,000
- Telephone: Rs. 400
- Stationery: Rs. 100
- Publicity: Rs. 1,000
- Sale tips: Rs. 1,000
- Other miscellaneous expenses: Rs. 2,000
- Taxes and levies: Rs. 500
- Total: Rs. 9,500
Total working capital per month = 1,70,000 + 4500 + 25,000 + 9,500 = Rs. 2,09,000.
Total Capital Investment:
- Fixed capital: Rs. 2,69,000
- Working capital: Rs. 2,09,000
- Total: Rs. 4,78,000
Cost of production (per annum):
- Depreciation on machinery and equipment @ 10%: Rs. 22,950
- Depreciation on furniture @ 20%: Rs. 2,000
- Recurring expenditure (per annum): Rs. 25,08,000
- Interest on total cap. Investment @ 14%: Rs. 66,920
- Total: Rs. 25,99,870
Turnover of Oregano Oil Manufacturing Business
Oregano seed oil turnover 92.4 MT @ Rs. 30,500/ton: Rs. 28,18,200 (Say Rs. 28,20,000).
Profit in Oregano Oil production
Profit = Rs. 28,20,000 – Rs. 25,99,870 = Rs. 2,20,130
Net profit ratio = Profit x 100/Turnover = 7.8%.
Marketing strategies to promote your Oregano oil product
To sell your Oregano oil product you need to register it online on B2B websites and B2C websites. You can even distribute some samples in the nearby supermarkets, or in the wholesale markets where your product gets well purchased.
B2B websites: The websites like –
- Alibaba,
- Indiamart,
- Tradeindia,
- ExportsIndia will take the bulk orders for your Oregano oil product.
B2C websites: To sell the products directly to the customer, you may also market in the well-established websites like–
- Amazon,
- Snapdeal,
- Flipkart, etc.
Try new ideas in the starting and just concentrate on promoting your business. Always remember that your business profits will be raised depending upon the quality you provide to the customers.
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