Is coconut business profitable?
Before starting any business, it is important to do a background check on the profitability of that business.
Anyone interested in starting a coconut business will like to know if the coconut business is profitable or not.
I had the privilege of discussing the coconut value chain with one of Nigeria’s Agribusiness Experts. Ebun Feludu is a serial entrepreneur and she is in the trenches of the Food processing sector. Her business JAM – The Coconut Company specifically focuses on the coconut value chain.
Coconut is a member of the palm tree family and one of the most important fruits in the world. The uses of coconut are numerous and vast. There is no doubt coconut is a money-making crop that you can get into if you are looking for a profitable business to venture in.
The coconut tree is a wonder tree that produces a lot of products. Below are a few of the products that come from coconut tree.
- Coconut Oil
- Coconut Milk
- Coconut Cream
- Coconut flakes
- Coconut water
- Coconut Flour
- Coconut Sugar
- Coconut Butter
Where is coconut grown
One of the most attractive and practical trees in the tropics is the coconut tree. It is grown in more than 90 countries, with Asia and the Pacific producing the majority of the world’s supply.
In terms of the overall area planted of coconuts worldwide, the Philippines, Indonesia, India, Sri Lanka, Thailand, Malaysia, and Papua New Guinea make up around 80% of the total.
Where is coconut grown in Nigeria?
In the federation of states that make up Nigeria, around 22 of them produce coconut. However, Lagos, which accounts for around 70% of the nation’s output, Akwa Ibom, Delta, Edo, Ekiti, Ogun, Ondo, Oyo, Rivers, and Taraba States are the biggest producers.
Is JAM – The Coconut Company Nigeria’s the best coconut processing company?
One of the best coconut processing companies in Nigeria is the JAM the Coconut Company. The company factory is based in Okun Ajah and Badagry, Lagos, Nigeria.
JAM The Coconut Food Company is an integrated coconut processing business that provides products for the Nigerian and African markets for food, cosmetics, and medications.
Over one million coconuts have been processed into a variety of premium coconut oils, coconut snacks, and coconut beauty topical since the company started operations in 2016.
Some of the products the company offer includes virgin coconut oil, coconut cinnamon balls, coconut flakes, coconut oil with lemon, castor coconut hair oil, and activated coconut charcoal.
Their products can be found in various retail store in Nigeria including Shoprite, Hartleys, Grandex, Foodco, Ebeano, Blenco, Healthplus and Medplus to name a few.
The CEO of the company Ebun Feludu, received training in every aspect of the coconut value chain in Kerala, India. She used all the knowledge she acquired to establish a coconut processing company that has been going from strength to strength.