Post by: Adegbola, Bukola Suliyat – bukola@farmkonnectng.com – 08093016914

The coconut oil production business is largely promoted as one of the most profitable small-scale production businesses any entrepreneur can venture into in Nigeria, since the producer doesn’t undergo the common risks and the high cost of production associated with other types of businesses.
Coconut oil is majorly produced in countries like India, Indonesia, and the Philippines. But in countries like Nigeria, the coconut oil market is still in its infancy but experiencing a steady growth.
There has been an exponential build-up in the demand for coconut oil in Nigeria since the year 2006, because of its widespread health benefits. This constant-growing demand has attracted a lot of Nigerian producers to quickly get involved in the sector, since great-sales potentials abound in its production.
According to a statista report, in 2015/16 the global export volume of coconut oil amounted to 3.32 million metric tons, while In 2017/18 the global production volume of coconut oil was forecasted to amount to about 3.44 million metric tons, whereas Nigeria alone was estimated to have produced approximately 246,000 metric tons of coconut oil in 2017 alone. This figure shows that the production in line with the demand for coconut oil has grown steadily over the years, with Nigeria experiencing leaps in the worldwide ranking of coconut oil producers.

What Is The Coconut Oil Production About?
Coconut oil is an edible oil extracted from the kernel or meat (copra) of mature coconuts harvested from the coconut palm. It has various applications, and because of its high saturated fat content, is slow to oxidize, and thus, resistant to rancidity, causing it to last up to six months at 24 °C (75 °F) without experiencing any form of spoilage.
Business Opportunities in Coconut Oil Production around the World
From soap manufacturing to hair care, and much more, the opportunities and diversity potential of any Coconut oil production business remains vast.

Here are some business opportunities in the Coconut oil production business in many places around the world including Nigeria or Africa as a continent:

1). Soap Manufacturing:
Coconut oil can be an important base ingredient for the manufacture of soap. It is more soluble in hard water and salt water than other soaps allowing it to lather more easily. A basic coconut oil soap is clear when melted and a bright white when hardened and can be used as a skin moisturizer. Topically, coconut oil is important for the skin, it’s great for soothing dryness and evening irritation from rashes. It is also good for fighting wrinkles and signs of ageing. Some skin ailments like psoriasis and eczema can be taken treated with coconut oil, along with simple activities like removing makeup in the eye without the use of chemicals.
The health benefits of coconut oil, causes a lot of people to go in search coconut-oil based soaps, in the process, making it a lucrative business to venture into.

2). Hair care Manufacturing:
Coconut oil is rich in antioxidants and has antiviral, antifungal, and antibacterial properties. When used on human hair, it improves the scalp health, fights various infections and fungus, and supports general hair growth, all while adding a beautiful shine without the common harmful chemicals.
It is useful to the hair for treating dandruff, hair growth, hair styling, and also for lice prevention and treatment.
High-quality hair creams made with coconut oil are always in high demand. You can take advantage of the market’s preference for this and manufacture slightly low priced, but good quality oil to gain a quick market acceptance.

Types of Coconut Oil (VCO)

1). Virgin Coconut Oil (VCO):
This type of coconut is made from fresh coconut meat (copra). It contains 10 fatty acids that enhance human immunity and protects people against germs throughout the day.
The VCO is usually extracted from freshly grated coconut meat (copra) through mechanical means which are free from high heat and chemical to preserve its full nutritional values. It’s best commonly used in cooking or even as dressing in a salad. You can also eat it on its own or apply to your skin to keep it soft and moisturized.
Virgin coconut oil is abundant in minerals, vitamins, and anti-oxidants, and is considered the purest type of coconut oil.

2). RBD Coconut Oil – Refined bleached and de-odorized:
The RBD coconut oil is colourless, tasteless and odorless. And since it is a refined coconut oil, it has more nutritional values than the virgin coconut oil, since the VCO is the oil coconut oil that is not refined.
They are extracted from copra and then heat and chemical solvents (hexane) are applied to process the oil to remove all forms of impurities, taste and smell.
There are also some better quality RBD coconut oils available where the manufacturer cold-presses to extract the oil from dried coconut flakes without the use of chemical solvents, and then apply a steam process to bleach and deodorize the oil.

3). Pure Coconut Oil (PCO):
The pure coconut oil (PCO) is often yellowish or even brownish in colour. They are usually labeled as premium quality or 100% pure edible oil, which in fact, is of inferior quality. The discoloration and stickiness of the oil is a great feature that says it all.
It is made in a fairly unhygienic condition where the workers expose the coconut meat to molds when they sun-dry, kiln-dry, or smoke-dry the coconut meat in an open space. They then extract the oil from the mouldy copra (i.e. dried coconut meat) and use cheap filtration techniques to refine the oil.
The PCO has a short shelf-life of usually 6 months to 1 year, and turns rancid easily due to its poorly-manufactured condition.

4). Fractionated Coconut Oil (FCO):
The fractionated coconut oil (FCO) is simply a fraction of the entire oil. After the oil is extracted, it undergoes hydrolysis by adding water to the oil. After hydrolysis, it further undergoes fractional distillation, which means that the oil is separated into different fractions based on their properties. In the case of the fractionated coconut oil, the fraction that is collected is the one that has medium chain triglycerides.

Fractionated coconut oil has a longer shelf life than the Virgin Coconut Oil and does not smell of coconuts at all. The several uses of the FCO include:
 As a super-fatting oil in soaps.
 In skin-care lotions.
 In massage oil blends (famous for not staining the sheets).
 As a carrier oil for essential oils, vitamins, and actives.
 In medicines due its antiseptic and disinfectant properties.

Original Post by: Stan Edom
Website: startuptipsdaily.com/coconut-oil-production-nigeria-or-africa/


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Great!

Thank you@wakes

Coconut business is very lucrative especially if you put good money into it but very stressful. It requires applying constant marketing strategies to remain on top. And it is not a get quick rich kind of business because you have to look for buyers after production especially for those into oil. There are many ways to go into coconut business such as; coconut farming, coconut oil production and selling of coconut.

Asians are the major producers of coconut oil; Ghana are equally doing well in Africa contributing immensely to their economy through coconut processing business. In Nigeria, coconut can be bought in large quantities in Badagry.

In this post you will get to know how many coconut will give you 1 litre of coconut oil. If you can produce and sell 1 litre every day, you will be making not less than #100,000 monthly. Because a litter can be sold for #6,000-#8,000 even more. Go to a nearby super market and find out the price of coconut oil.
This is for the people asking if coconut business is profitable in Nigeria or coconut business profits. You will learn how to process coconut and the items required for processing. Others are; how to start coconut oil business even when you are not processing, where to source for coconut, where to sell coconut oil etc.
https://www.enibest.com.ng/all-posts/business/coconut-business/

It will interest you to know that cash crops like coconut have been building millionaires in Nigeria. However, the value chain of coconut farming in Nigeria has remained grossly untapped.

Coconut farming is the cultivation of coconut trees. The coconut tree or coconut tree, scientifically known as ” Cocos nucifera ” is a prodigious plant unique in its kind. This is characterized by adapting very well to the hostile conditions existing in coastal ecosystems; such as sandy and not very fertile soils, in addition to the permanent presence of salty water.



Likewise, this plant along with its fruit (the coconut) is one of the most representative elements of the native culture on the coasts of almost all the beaches in the world; It can be said that practically all the tropical landscapes on the planet are associated with its presence in the same way as the sand or the sea.

It should be noted that the coconut tree has also been called ” the tree of life ” for its many uses. Around this plant a very interesting culture has developed, mainly driven by its unique and exotic fruit, from which many products such as oil, pulp and water rich in electrolytes can be obtained . Not to mention all the crafts that can be developed with its shell, which can even be used to obtain biofuel .

Benefits of coconut

Coconut Farming in Nigeria
• Coconut Oil benefits :
The coconut oil has been noted by many experts to be the healthiest oil for human consumption. The coconut oil is utilized for numerous purposes such as ; improving hair quality and strength, utilized as wood polish. More so, it helps to improve the cholesterol level of humans. Thus, the coconut oil is a massive income generating business for coconut farmers in Nigeria.

• Coconut water benefits :
Essentially, coconut water contains electrolytes and is well enriched with abundance of minerals.
These minerals includes though not limited to calcium, potassium, sodium and magnesium.

• Coconut meat :
This is the thick white lining covering the inside of a mature coconut shell. The coconut meat is well enriched with vitamins A and E, polyphenols and phtosterols that work hand in hand to help decrease the level of LDL cholesterol in the human system.


Coconut meat can be consumed in various ways. It can either be eaten raw, cooked or roasted, combined with smoothies or any other fresh fruits. It is as well utilized in the production of ice cream.

• Coconut flour :
This is another viable business opportunity in coconut farming business in Nigeria. The coconut flour serves as a substitute to every other flour in the food recipes, so much so that just two tablespoons of coconut flour gives you about 5 grams of fiber. Thus, for people with wheat allergies, gluten sensitivity and celiac disease , coconut flour is the best bet for you because it contains no grain and glutten.

For you to produce coconut flour, you must extract the coconut milk from the meat so as to produce the dry flour.

• Coconut milk benefits :
The coconut milk is actually a combination of coconut meat and water in order to produce a very creamy texture that is likened to cow milk. The milk is lactose and of enormous health benefits .

Read more https://nairalanceblog.com/2020/12/17/coconut-farming-in-nigeria-ultimate-start-up-guide/

When setting up a business, one of the criterias to be analyzed is the versatility of the product to be sold. Within this premise, one of the most profitable ideas today is coconut oil production business. The product has several uses and, therefore, has great sales potential.

Coconut oil can be used in its natural version or added to foods, juices, salads and drinks. The product is highly sought after by those who want to lose weight.

Coconut oil has become one of the ingredients that cannot be lacking at home, there have been several recipes that can be made with it and thus, this food remained on the purchase list of several consumers.

In addition to food use, coconut oil can also be used in the cosmetics segment. Its essence is widely used to hydrate hair or skin.

But what does the entrepreneur need to do to start a coconut oil production business ? Discover now everything you need to create a competitive industry.

coconut oil extraction

Coconut oil is obtained from pressing the pulp of the mature coconut. The issue of extracting coconut oil is the root of the business a should be done using modern techniques that facilitate the coconut oil factory and supply the goods safely and quickly.

First, the coconut must be ripe and harvested and this takes some time. Once ripe, the coconut is used dry and the chestnut is removed from it and divided. Then, this chestnut should be grated and beat in a blender with a hot water. If the dark film gets in the way, it can be removed before this process.

Grated, the dough must be squeezed in a cloth so that the milk is extracted in a exuberant way and the possibility of adding more water depends on the professional's experience and his state.

The milk must be left in a safe place overnight, so that thrre is separation of the whey, leaving the mass on the surface well delimited. The serum will be discarded or reused for the manufacture of another component.

From the white dough, just place it in a pan and bring it to a low heat to separate the oil. This process consists of the frying and this oil must be subsequently stored in a glass, preferably in a dark color.

Types of coconut oil

Coconut oil is obtained from pressing the pulp of the mature coconut and can be basically two types: pure ie extracted from fresh coconut or refined (processed from dry coconut.

Pure oil may also be labeled as virgin, extra-virgin or organic. Read on to better understand what these categories consist of.

1.) Pure or natural coconut oil - coconut oil is said to be pure or natural when extracted from fresh coconut, even if a quick drying process is used so that the oil can be extracted mechanically.

As this process is fast and executed in a controlled environment, the resulting oil is free of contaminants and therefore does not need to be bleached and deodorized like the oil obtained from the coconut that is left to dry naturally in the open air.

2.) Refined coconut oil - If the words "pure, natural, virgin or extra-virgin" are not written on the label, then the oil in question is refined. This means that it was obtained from the slurry left to dey under ambient conditions, which - due to the presence of contaminants -needed to undergo a process of refining, bleaching and deodorization.

The problem is that, when refined, the oil loses much of it's natural properties that are extremely beneficial to health ( in addition to the characteristic taste and odor of coconut), and can - depending on the refining process used -start to have chemical components in its composition.

Read more https://nairalanceblog.com/2020/12/19/coconut-oil-production-business-2021/

Coconut oil production business plan in Nigeria; if you are looking for a profitable business venture to go into in Nigeria, then you are looking at one right now because the Coconut oil production business in Nigeria is one of the most lucrative businesses to go into in Nigeria. This is so because Nigeria B’s a growing population and from recent research, the business will sure be a success. For those who wants to go into this business, there are two major ways it can happen. It is either you start a small scale or large scale coconut oil production. It should be noted that starting the small scale coconut oil production business is quite less capital intensive and can be easily managed but for large scale coconut oil production the use of machine will be very very needful and necessary so as to aid your production process in large quantities.
for the full detailed and comprehensive business plan, Click >>> https://www.bestnigeriabusinessplan.com.ng/coconut-oil-production-business-plan-in-nigeria-2021-pdf/