Soybean is a protein-rich legume that has emerged as a popular vegan substitute for cow milk. Here is how to set up a soya milk factory of your very own and start earning profits.
Whether you have a lot of money or not, there are several ways to start an agribusiness in 2021. This season, you might be able to make it big in the soymilk industry if you find the right niche.
As a result of its high protein content (36%) and carbohydrate content (30%), together with dietary fibre, vitamins, and mineral salts, soya beans are a very essential crop for the world’s food supply.
It is critical in the battle against malnutrition, especially in developing countries, where the underprivileged have limited access to animal protein. Soybeans are the only plant source of high-quality protein that can compete with meat, poultry, and eggs in terms of price and value.
An Indian enterprise proposal involving soy milk needs to take into account the country’s market potential. There has been a rise in the popularity of soya milk products such as soy milk, tofu, and soy curd as people become more aware of the health benefits.
Soya milk, paneer/Tofu, and curd are all widely available in India, which is mostly a vegetarian country. Over the next several years, the Soya food business is expected to increase at a rate of 20% each year.
In this article, we will discuss the steps involved in running a soy milk business in India.
Health Benefits of Soya
The health benefits of soya are something you can’t count using all your fingers! Here are some advantages of soya that has made it increasingly popular nowadays.
The lipid balance of those who drink soy milk is improved. Nonfat milk is a healthier option than dairy milk, which is heavy in saturated fat and cholesterol.
Soy’s fatty acids have been shown to block the absorption of cholesterol into the bloodstream, according to professionals. People with high cholesterol or a family background of cardiovascular diseases should drink soy milk.
Lesions and haemorrhages can be efficiently prevented by soy, which shields the blood vessels. Free radical damage and cholesterol accumulation can be prevented by the chemicals binding to the blood vessel lining.
Furthermore, nutrient-binding improves blood vessels’ fluidity and elasticity, which makes them better able to withstand variations in blood pressure.
Especially in comparison to dairy milk, soymilk has a decreased sugar level. Whereas the sugar content of dairy milk can reach up to 12 grammes per cup, the sugar content of soymilk is just 7.
Soymilk contains an unsaturated fatty acid that prevents fat from being absorbed in the intestines, resulting in reduced weight.
One of the hormones included in soy milk has been shown to reduce testosterone levels in males. Prostate cancer risk can be dramatically decreased by lowering testosterone levels. Prostate cancer is less probable to occur in men who consume a diet high in soy, according to experts.
Postmenopausal women are more likely to suffer from heart disease, diabetes, obesity, depression, mood swings, sleeplessness, and other mental health issues as a result of oestrogen decline following menopause.
Soy milk consumption on a regular basis may help to avoid or lessen the symptoms of several conditions.
Why Should You Have a Soya Milk Factory in India?
Setting up a soya milk manufacturing plant in India is laden with benefits of several kinds. Some of them have been listed below.
Soya milk has gained great popularity in India and around the world due to the many health benefits it offers.
Easy to Set Up
With minimal cash and manpower, starting this business is among the most attainable options in today’s market. It is not necessary to begin the business with sophisticated tools, machinery, and equipments.
Easy to Sell
Because of the growing popularity of soy milk, it is simple to get it onto shelves that are widely reachable by the general public.
Grofers, Dunzo, Bigbasket, Amazon Pantry, and several milk and dairy vendors now sell soy milk and its by-products online.
Can be Started with Low Investment
To earn and to pay living expenses, aspiring businesspeople in India may begin the Soy Milk company with minimal investment and even make it even better by formulating a soy milk business plan in the country.
India’s soy milk industry has proven to be a lucrative business for upcoming entrepreneurs to become involved.
Soya milk may be produced at a rate of 1 lakh 75 thousand litres per day and marketed for Rs 30 per litre by devoted businesspeople. Up to Rs. 50 lakhs per month can be made through it. Nonetheless, you may earn a lot of money manufacturing soy milk if you take out all the costs.
How to set up a Soya Milk Factory in India
1. Technical Aspects
Technical features and implementation procedures will be highlighted in the context of soya milk’s popularity and convenience of use.
Soya milk production begins with careful consideration of where to locate the business, and this selection is critical to the startup’s well-being and financial health.
According to studies, a small soya milk plant requires 100 square metres of area. Only 75 square metres of space are needed. They have the alternative of renting the property.
b. Ownership Type
Soya milk factory idea in India needs to be well thought out before the entrepreneur decides on the type of ownership they want to accept. A partnership, sole proprietorship, or other arrangements may be preferable to them.
c. Registration and Licenses
As an entrepreneur, District Industrial Center registration is vital because of the numerous advantages it provides. DICs work with banks, MFIs, NBFCs, and other financial institutions to help small businesses get funding.
Also, they keep an eye on the movement of industrial loans. The ability to conduct business unimpeded will be granted by the FSSAI licence and other essential permissions.
To ensure the safety of food products, they must be in compliance with the PFA Act of 1955. Also, from pollution department get a NOC which is necessary to assure that there would be no environmental degradation during the operation.
2. Arranging Finances
Your soya milk business plan should include details about your financial arrangements. The soy milk company is an SSB that requires money to get started.
It is possible for them to depend on their own savings or apply for loans from banks, for example. Currently, the government is in favour of these smaller agricultural initiatives. Because of the increased demand for soy milk in the present market, the centre has chosen to grant loans of up to 80%.
Additionally, Soya Milk is a highly sought-after item in India and throughout the world.
Nearly 90 per cent of the loans issued to establish a Soya Milk agri-business where you may generate up to 50 lakhs per month, supplied under the government’s Prime Minister Employment Generation Program (PMGEP).
The Mudra loan can be obtained by enterprises under the MUDRA programme. Loans of up to 80% are available with the bank’s aid.
3. Raw Materials
The following are the raw materials required for setting up a soya milk production factory:
- Packaging Material
- Sodium Bicarbonate
- Artificial Flavor
The following are the machinery required for setting up a soya milk production factory:
- Soybean Grinder
- Pack Sealer Machine
- Soaking Tank
- Mechanical Filter
- Weighing Balance
- Vacuum Packing Machine
4. Understanding the steps involved in Producing Soya Milk
The following is a step-by-step overview of the process of manufacturing soy milk.
- The initial stage in the production process is sourcing soya beans. Washing and cleaning of the soya beans follow close. After thorough washing, the materials are combined together for use in the finished product.
- Dehulling is the second stage of producing soya milk; in this phase, they are steamed and separated into half. The soya bean’s hull is removed during the vacuuming process.
- The third phase in the Soy Milk Production Process is finer grinding. The better the grinding process, the finer the resultant powder. It soon turns into a whitish slurry containing tiny soybean particles.
- Once the flavourings, vitamins, and sugars have been extracted, they are put into smaller tanks and absorbed into the bigger tanks before being combined with raw soy milk.
- It is then homogenised after being sterilised for a brief period of time at boiling temperature and pressure in a vacuum.
- Let the soy milk sit for a few minutes before serving. After cooling, the product is prepared for sale by being stored and packaged. For instance you can use custom cardboard boxes for this purpose by having some exquisite designs on them with the help of latest box printing techniques!
5. Soya Milk Factory Business Plan
A well-planned business plan is necessary before embarking on a journey into the Indian soya milk market. An effective business plan in our country, India, will provide you with a complete picture of your target audience.
If you are running a factory or a wholesale business, it is a given that you won’t be able to get it off the ground if you don’t have a strategy in place.
Business plan designers in the soy milk industry are hoping to explore fresh ideas and see how they fare in the long run by writing one for their own company.
When evaluating your industry’s competitors, you must have a business strategy in place that reflects the current market realities as well as your own company’s strengths and shortcomings.
With no plan for the future, how can one’s business grow more than what it already is?
In fact, managing a business without a good road plan is a half-hearted approach to success. You will also find up caught in the pit of doom if you launch your business without first putting any thought into the planning process.
To start a soya milk business in India, you must first develop a business plan that will allow you to operate within the country’s geographical borders.
6. Marketing Methods
Promoting an item is far more difficult than producing it, but it is not impossible. As a result, when establishing an Indian soy milk business plan, the owner should place a high value on the marketing channel.
- Many media and platforms, such as Dunzo, Bigbasket, Amazon, Grofers, and the like, must offer the items in order to gain widespread recognition for them.
- Their products will need to be sold through a variety of outlets, including grocery stores, dairy stands, and so on.
- Several technical support centres have been established around the country by the National Small Industry Corporation.
- These facilities will offer job-related classes and training under the leadership of experts.
- Entrepreneurs participating in this programme will receive comprehensive training in all aspects of beginning and operating a business, including the production of soy milk, as well as accounting and marketing.
- Free collateral loans and availability of funds for stressed MSMEs are only two of the reliefs offered by the Atma Nirbhar Bharat Abhiyan.
How can Lio help In Setting up A Soya Milk Factory?
Lio is an app that doesn’t simply organise the data of a business, but it also gives an entrepreneur operational flexibility. It gives your employees instant access to information that might help an organization plan ahead of time.
The app may be used to keep track of your inventory, create monthly or weekly accounts, and generate reports. It can also help you keep track of and categorise your expenses so that you know exactly where your money is going.
You can use Lio to gather, filter, preserve and share data in the type of content that they need to carry out their daily business operations. Reliable personal records, as well as operational and financial data, will aid you in analysing the data and making the required changes to increase efficiency and profitability.
Not downloaded the Lio App yet? Here is how you can start with Lio App.
Step 1: Select the Language you want to work on. Lio for Android
Step 2: Create your account using your Phone Number or Email Id.
Verify the OTP and you are good to go.
Step 3: Select a template in which you want to add your data.
Add your Data with our Free Cloud Storage.
Step 4: All Done? Share and Collaborate with your contacts.
Frequently Asked Questions(FAQs)
What is National Small Industry Corporation (NSIC) Planning to do for Small Business Owners?
Various technical support centres have been established by the National Small Industry Corporation (NSIC). These facilities will offer to teach a variety of business and job-related skills and education.
Soy milk manufacturing, launching a business, managing a business, and marketing are all covered in the curriculum.
How Much area is Required for Setting up a unit for Manufacturing Soya Milk?
According to the NSIC study, 100 square metres of the area is required for the establishment of a small soy milk production facility. Only 75 square metres of space is called for the covered area. It is also available to rent.
How much money do I need to set up the Factory? Where can I get the Finances?
National Small Industry Corporation (NSIC) research has found that the entire cost of establishing a soy milk manufacturing facility might reach Rs 11 lakh.
You may also be able to obtain a Mudra loan from the bank based on data provided in the project report. The bank will make loans of up to 80% of the total amount.
In addition, you will require machines and other minor equipment such as a grinder, oven, broiler, mechanical filter press, topo box, soaking tank, and other similar items.
It is possible to generate up to 1 lakh 75 thousand litres of soy milk with this whole installation, which can be marketed for Rs 30 per litre.
A single month’s earnings may produce 50 lakh rupees. Furthermore, by deducting all of the costs from the operation of soy milk production, you may generate substantial profits.
Do I need a NOC from State Pollution Control Board before setting up my Soya Milk Production Business?
A NOC from the State Pollution Control Board must be acquired before commercial production even if no industrial pollutant is discharged throughout the production process.
Why has the Popularity of soya milk spiked in recent years?
Because soy milk is a non-dairy substance, it may be taken by vegans, one of the main factors driving its increasing popularity.
Anyone with lactose intolerance (a dairy milk allergy) will like this product. You may lose weight by lowering your cholesterol levels by drinking soy milk. Phytoestrogen, found in abundance in this plant, aids with calcium absorption and bone health.
The soy milk industry is thriving right now, and the demand for soy milk is growing at an ever-increasing rate.
A business plan is needed for soya milk company entrepreneurs in India to get their venture set in motion. I think that soya milk may be a lucrative company if it is well designed and executed.