Nowadays, onion farmers are facing problems regarding onion mandi prices because of the early monsoon and export bans to some countries. So, what can farmers do with onions in order to generate more money?
We are here with some business ideas that farmers can pursue to earn multiple times the profits from onion farming. We have the top 5 onion business ideas; here’s a breakdown:
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Onion Storage Facility/Warehouse
This business is a service-type business model and requires more infrastructure compared to other normal businesses. In this business, if you can manage a storage facility and land for storage, you can make lakhs of rupees from this single business model. Once your business is successful, you can also solve other types of farmers’ problems by offering services like vegetable storage facilities, fruit storage facilities, etc.
Onion Dehydration Unit
The dehydrated onions market is booming. This presents an opportunity in areas where farmers cannot grow onions, and also where people prefer the flavor of onion in food but don’t want to see onion pieces. We can make multiple products from dehydrated onions, such as flakes, powder, and granules.
If you choose to make these types of products, ensure your brand identity and better packaging add an advantage for you. If you export to foreign tier-one countries, you can generate multiple times the revenue compared to local selling. One major advantage of this business is storage: we can store dehydrated onion products for many days.
Onion Paste
This is another good business model for onions because the demand for onion paste is increasing now, especially in big hotel chains and tier-one cities. You can therefore benefit from this increasing demand. However, one problem in this business is storage. If you can solve the storage problem and increase the storage days in this business, you can achieve greater success.
Onion Pickle
Onion pickle is another good business model because of its demand. Whether you are living in a village, town, or city, you likely enjoy onion pickle. This product has a separate fan base, especially in India. If you want to start a business with onions, you can choose this. Simple steps are involved in making this product. If you can export this product, you can generate multiple times the revenue from existing revenue.
Onion Export Business
This is an evergreen business model, provided everything is right between countries. In this business model, you can export fresh onions, dehydrated onion products, or other types of products as well. However, if you are exporting to developed or tier-one countries, you will need some extra certificates compared to other destinations, but you can also generate more money.
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So these are the top 5 onion business models you can pursue. If you want to start a business, you should begin with one. If you succeed in that, you can grow and venture into many types of businesses. But before starting, make sure you conduct proper research on raw materials, market demand, certificates, and other essential things. If you want to know more about onion businesses, you can check out our YouTube video on that topic.
