Fruit processing

Fruit processing

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Fruit processing
Fruit processing
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Process fruits, such as mangos, pineapples, bananas and coconuts and pursue value adding activities such as drying, packing, puree making, marketing and juice making.

Expected Impact

Increase income of smallholder farmers through increased national value added, and decrease post-harvest losses.

How is this information gathered?
Updated: 21 Sep, 2021 Date of Production: 1 Feb, 2021
Kenya
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
< USD 50 million
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Industry, Innovation and Infrastructure (SDG 9) Life on Land (SDG 15)
Equator Kenya chilies harvesting in Kenya
Photo by BCtA / Equator Kenya
Case Study: Equator Kenya increases farmer productivity through technology for irrigation, bio pesticides and fertilizer blends
Equator Kenya, a UNDP Business Call to Action (BCtA) member dealing with dehydrated fruits and vegetable products, provides technology packages for irrigation, bio pesticides and fertilizer blends to smallholder farmers, which result in higher yields and greater incomes.
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Sector Sources
  • 1) World Bank (2020). Kenya Economic Update: Turbulent Times for Growth in Kenya. 2) World Bank database, 2020. https://data.worldbank.org/ 3) ISIC Classification Revision. Comparative Industry Forecast Tables - Agriculture. 4) World Bank (2019). Unbundling the Slack in Private Sector Investment: Transforming Agriculture Sector Productivity and Linkages to Poverty Reduction. April 2019 | Edition No. 19. 5) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F. (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press. 6) Ministry of Agriculture (2019). Agricultural Sector Transformation and Growth Strategy: Towards Sustainable Agricultural Transformation and Food Security in Kenya 2019-2029. 7) Government of Kenya. National Agriculture Investment Plan (NAIP) 2019-2024. http://extwprlegs1.fao.org/docs/pdf/ken189052.pdf 8) World Bank (2020). Kenya Economic Update: Turbulent Times for Growth in Kenya, 9) Food and Agriculture Organization of the United Nations. Agriculture Policies Database for Kenya.
IOA Sources
  • 10) Euromonitor International (2019). Sector capsule: Processed fruit and vegetables in Kenya. 11) Food and Agriculture Organization of the United Nations. FAOStat. http://www.fao.org/faostat/en/#data/QC 12) Mujuka, E., Mburu, J., Ogutu, A. and Ambuko, J. (2017). 'Returns to investment in post-harvest loss reduction technologies among mango farmers in Embu County, Kenya', Food and Energy Security. https://onlinelibrary.wiley.com/doi/full/10.1002/fes3.195 13) Alliance for a Green Revolution in Africa (2019). The Agribusiness Deal Room at the 2019 African Green Revolution Forum (AGRF). https://agrf.org/dealroom/wp-content/uploads/2020/07/Agribusiness-Deal_Room-AGRF-booklet_020919.pdf 14) Comtrade database. https://comtrade.un.org/data/ 15) UNDP/PwC stakeholder interviews, 2020. 16) Mercer, D. (2011). 'Challenges Facing Development Within the Agri-Food Sector of Sub-Saharan Africa', Procedia Food Science, 1, 1861-1866. https://www.sciencedirect.com/science/article/pii/S2211601X11002744 17) World Bank (2019). Country Private Sector Diagnostic - Creating Markets In Kenya: Unleashing Private Sector Dynamism to Achieve Full Potential. 18) International Food Policy Research Institute (2018). Post-Harvest Losses in Fruits and Vegetables: The Kenyan Context. http://ebrary.ifpri.org/utils/getfile/collection/p15738coll2/id/132325/filename/132536.pdf 19) Chukwu, O. (2009). 'Impacts of Food Processing Industry on some Environmental Health and Safety Factors', Caspian Journal of Environmental Sciences, 7. https://cjes.guilan.ac.ir/article_1015.html 20) Kalt, W. (2006). Effects of Production and Processing Factors on Major Fruit and Vegetable Antioxidants. Institute of Food Technologies. https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1365-2621.2005.tb09053.x 21) Republic of Kenya (2018). Third Medium Term Plan 2018 – 2022 Transforming Lives: Advancing Socio-economic Development Through The 'Big Four'. 22) Kenya Association of Manufacturers (2019). Manufacturing priority agenda 2019. https://kam.co.ke/kam/wp-content/uploads/2019/02/KAM-Priority-Agenda-2019.pdf 23) Ministry of Agriculture (2019). Agricultural Sector Transformation and Growth Strategy: Towards Sustainable Agricultural Transformation and Food Security in Kenya 2019-2029. 24) KENIvest. Investment Incentives. http://www.invest.go.ke/starting-a-business-in-kenya/investment-incentives/ 25) Kenya Revenue Authority. Investing in Kenya. https://www.kra.go.ke/en/ngos/incentives-investors-certificate/investing-in-kenya/incentives-investors 26) Ministry of Agriculture, Livestock and Fisheries (2020). Nuts And Oil Crops Bill. Republic of Kenya. https://www.kilimo.go.ke/wp-content/uploads/2020/11/NUTS-AND-OIL-CROPS-BILL-2020-1-9-2020.pdf 27) Ministry of Agriculture, Livestock and Fisheries (2020). The Horticultural Crops Authority Bill. Republic of Kenya. https://www.kilimo.go.ke/wp-content/uploads/2020/10/HCD-BILL.pdf 28) Kenya Agribusiness and Agroindustry Alliance. Agriculture Investment Opportunities in Kenya: Mango Production Investment Case. http://kaaa.co.ke/wp-content/uploads/2016/03/Mango-Production-Investment-Opportunity.pdf 29) FSD Kenya (2015). Opportunities for financing the mango value chain: A case study of Lower Eastern Kenya. http://s3-eu-central-1.amazonaws.com/fsd-circle/wp-content/uploads/2015/08/30093918/15-06-29-Mango-value-chain-report.pdf 30) International Trade Centre (2014). Road Map for Developing and Strengthening the Processed Mango Sector. https://www.intracen.org/uploadedFiles/Kenia-Mango%20Roadmap_final.pdf 31) Viffa Consult (2020). State of coconut commodity market in Kenya: SME Market Opportunity Outlook. http://viffaconsult.co.ke/wp-content/uploads/2020/07/State-of-Coconut-Commodity-Market-in-Kenya.pdf 32) Best Tropical Fruits (2021). https://www.besttropicalfruits.com/ 33) Deutsche Welle (2013). Women take over Kenya's farming sector. https://www.dw.com/en/women-take-over-kenyas-farming-sector/a-16716322 34) SDG Tracker (2021). End poverty in all its forms everywhere. https://sdg-tracker.org/no-poverty