A Profitable Business Idea In 2020
Are you seriously thinking of a profitable small scale business idea to do in 2020? Start a moringa tea bag making factory then. You will be happy you did.
Why?
The moringa market is a global one, estimated to worth over US$12 billion by 2020.
It is a plant botanically called moringa oleifera, It is also variously known as horseradish, ben tree or drumstick. The plant is native to Asia, particularly India, Pakistan and Nepal but it also grows in some parts of Africa, including Nigeria and South America. Moringa grows best in direct sunlight under 500 maltitude, tolerates a wide range of soil conditions and requires minimum rainfall to survive.
Also called a miracle plant, it has a lot of health benefits.
It is useful in the treatment and prevention of diseases such as diabetes, heart disease, anemia, arthritis, and liver diseases. Other conditions that moringa can treat are skin and digestive disorders, ulcers, constipation, kidney stone, including epilepsy.
The list is endless.
It can act as a nutritional supplement, stimulate immunity, increases libido, can be a contraceptive and help to increase breast production in women. Can you see why they call it a miracle plant?
But beyond its health benefits, the moringa plant is a source of business opportunity for entrepreneurs in the agricultural and industrial sectors. It has a long value chain, from the cultivation of the plant to processing of the leaves and seeds into value adding products in health, beverages and skin scare. Some common moringa based products around us include:
Moringa leave powder, Moringa fruit powder, moringa capsule, moringa dried leaves, moringa oil, moringa seed cake powder and moringa tea.
This post discusses how interested entrepreneurs can set up a moringa herbal tea plant.
The market is huge.
Nigeria produces about 1640 tonnes of tea annually which meets only 10 percent of demand. This means that there is a 90 percent gap which is hardly met by imported brands. Thus, there is an ample opportunity for entrepreneurs to go into tea production in Nigeria.
The herbal tea segment of the market is gaining more grounds in Nigeria as more and more consumers become health conscious. The fear of obesity, diabetes, high blood pressure and cancer and the sophistication of the working class all combined to drive the demand for herbal tea.
Buchi creates content and leads the Team at Kobotalk Management Services; a business development and investment consultancy firm. He provides strategic advisory to help SME's, small business owners and HNI's grow profitable business and make informed investing decisions.
Buchi creates content and leads the Team at Kobotalk Management Services; a business development and investment consultancy firm. He provides strategic advisory to help SME's, small business owners and HNI's grow profitable business and make informed investing decisions.
Thanks for the post. Please I like you to help me prepare moringa plan for small business. Thanks. My email address madeniyi258@gmail.com
Hi, thanks for your share, we have moringa processing machines to help you to make moringa tea powder, we can help you to start the moringa tea business. Just contact me, we can talk email serena@machinehall.com, whatsapp +8615515597212
I THANK YOU FOR THIS BLOG. I AM INTERESTED IN MORINGA TEA BAG PACKAGING PRODUCTION. I WILL LOVE TO HAVE YOU PREPARE ME BUSINESS PLAN ON COTTAGE INDUSTRY ON MORINGA TEA BAG.
Thanks for your interest, Edwin. Yes, I can help out with a Business plan for your Moringa Tea Bag Factory project. why not send me an email buchi@kobotalk.com or call/whatsapp me 08122292208.
Let’s talk.