Project report for Fruitstall & Juiceshop
Project report for Fruitstall and Juice shop is as follows
India has replaced China as the most favorable market for retail expansion, supported by a fast-growing economy, increasing consumption rates, rising urbanizing population and a burgeoning middle class. The total market size of Indian retail sector was estimated to be around US $650 billion in 2018, thereby registering a compound annual growth rate (CAGR) of around 7.5 percent since 2000. The retail industry is expected to grow to US $1.6 trillion by 2026, registering a CAGR of about 10 percent. However, modern trade is expected to grow at a rate of 20 percent per annum and traditional trade is expected to grow at a rate of 10 percent per annum.The Indian retail sector is still in its nascent stage. The economic liberalisation policiesand globalisation had ignited country's economy for faster growth. The simultaneous act ofliberalisation of the Indian economy and globalisation triggered an accelerated industrialgrowth across the spectrum of all market segments in India..India has one of the largest agricultural markets in the world and fruits are a primary product.Vegetables, fruits, and grocery play a vital role for the existence of people and also avery influencing role in the economy. Though fresh fruit, vegetable, and grocery retail has beenconsidered as a very low-margin business, the market potential has attracted Indian businesshouses and corporate, driving the forays through different models like single-format, multi-format or integrated urban-rural model . n increase in preventive eating habits and an overall rise in health consciousness have been creating new growth opportunities in the juice bar industry, evidenced by the fact that the industry size continues to grow. Juice and smoothie bars are a USD 2.2 billion industry nationwide, and that’s thanks in part to how millennials have embraced juicing as a lifestyle. The juice bar industry size will undoubtedly continue to grow over the next several years. Smoothie bars, realising the business potential are sneaking into small sites that other caterers cannot reach. Packaging healthy punch to boot, many brands are coming up to serve the health freaks.
Product / Services & process
We offer a fruitshop which will have all variety of fresh fruits and also at the same time a juice bar with all type of fresh juices served with utmost freshness and quality.
Market potential & Strategy
Fresh fruit juice business or shop is a great opportunity for entrepreneurs trying to start a new business with low investment. Changing lifestyle and demand for hygienic and clean fruit juices is creating a growing demand for fresh fruit juices in India. The fresh fruit juice industry in India is largely unorganised and an untapped industry. Hence, many new entrants have now been able to quickly create large business and brands like RAWpressery and PaperBoat. The investment in capital equipment and raw material could be low or high depending on the scale of business. But, overall the fruit juice business has low capital investment requirement to quickly break-even, owing to high profit margins.In India with increasing awareness about deteriorating health due to carbonated drinks, the cola market has been posting declining revenues over the past few years and the market share is expected to decline further in the coming five years. Increasing awareness on the health effects of carbonated drinks has certainly made some consumers rethink about the consumption of colas. While carbonates grew in India at 12.8 percent CAGR from 2010-15, the juice segment grew at 27.3 percent CAGR over the same period, KPMG states.However, the unorganised market of fruit juices sold at smaller roadside outlets has been in existence for about a couple of decades. But there has always been concerns on the quality, hygiene and the amount of sugar added by the roadside outlets.