What are the best food business ideas and opportunities to start in 2020? Are you interested in starting a business in the food industry? What opportunities exist in the food industry? If you want answers to the questions above, then i advice you read on.
If there is an industry that is unlikely to go down, it is probably the food industry. Regardless of the economic situation, weather or whatsoever, people must eat. People might stop buying clothes and jewelries but they will never stop eating.
Also, this is a business you can start in any locality or region; whether Nigeria, Canada, USA, U.K, Ghana, India, Singapore, etc. So if you are interested in starting a food business, below are some food business ideas to help you start or expand your existing food business.
15 Best Innovative Small Food Business ideas to Start in 2020
1. Become a food Producer
The food industry is highly dependent on the producers. To make hamburgers, fast-food chains need meat and flour; which in turn are produced by the farmers. To offer vegetable salads, restaurants need lettuces and potatoes. You don’t need cooking skills and extensive business plan to become a farmer.
If you can grow crops or raise animals like cow, snails, grasscutter, rabbits, pigs, turkeys or chickens, you will surely find buyers both locally and internationally. You can also establish large scale plantations such as palm oil plantation, plantain, orange, pineapple, etc.
Do you know that an ice cream truck business is a profitable one? The same goes for a hot dog stand? Selling food is probably one of the problems for people who want to start a food business. The reason is because most people don’t have the needed capital to invest in restaurants or fast food joints. If you really want to sell ready to eat foods, you don’t need a space with a high monthly rent.
One of the top food business ideas for those with small capital is to use a food cart or stand. You can operate for free or for a small fee. The success or failure of this business depends on your location. You don’t even need to push the cart around, you can just concentrate on cooking and employ people to push the cart and sell the food.
3. Food Retailing
Retail Business ideas – You can also retail raw food or processed food stuffs. I mean food stuffs such as yam, rice, beans, flour, maize, etc. Yes, you can make cool money buying and selling commodities like palm oil. Your aim here is to source for the food stuffs at a wholesale price and resell for a profit. You can even take it a step further by sourcing it from the producers or farmers and resell it both wholesale and retail.
4. Frozen Foods
Not everybody likes going through the stress of killing and preparing animals for consumption; thereby creating the need for ready-made frozen foods. There are a lot of foods that you can sell frozen. There include chicken, meat, ice creams, yoghurt, etc.
Do you have the capital to invest in machines and structures? Then you can start a food processing plant. In fact, there is no limit to the food to the foods that can be processed and packaged. It is up to you to decide. You can process palm seeds into palm oils, cassava, yam, corn, millet into flours, cocoa into beverages, raw cow milk into refined milk, fresh tomatoes into canned tomatoes, etc.
If you possess cooking skills, you can start a restaurant business and serve those who eat out. You can start this business on a small, medium or large scale. You can also choose to serve local or continental dishes.
8. Fast Food
Starting a fast food business is another profitable idea to look into. Despite the popularity and dominance of companies such as McDonald’s, StarBucks, KFC, Domino’s, Mr Biggs, Tantalizer etc; you can still breakeven if you will be willing to find a small niche and serve it. In Nigeria, the market is still very much untapped.
10. Roving Food Van
Food truck business – If you don’t want your food business to be stationery, you can use a vehicle such as a van to go around the city offering your food products. It is more expensive than a food cart but you can reach more people and you wouldn’t have to rely on passersby.
11. Organic Foods
This list of top food business ideas would never be complete without the inclusion of organic foods. Over the years, organic foods have been sought after because of their health benefits and as health awareness increases, this business is bound to grow. Ideally, organic foods are free from chemicals, fertilizers or preservatives. You can brand yourself as a provider or retailer of fresh organic foods or better still, you can just serve vegetarians.
12. Weight Loss or Dietary Foods
Aside from organic foods, there is also a craze involving foods that help people lose weight or at least don’t make them fat. If you can specialize and come up with foods that have weight loss effect, you can easily find customers.
Top 15+ Best Food Business Ideas to Start
16. Cake Decorating
This is much like the previous idea but this one suggests that you be creative in designing the food itself. These days, baking cake alone no longer holds water; customers want to see creativity. Most people are used to decorating cake for special occasions such as weddings and birthdays but many enthusiasts proved that cake decorating can be done on regular days. You can also take cake decorating for special occasions to the next level. Veer away from the traditional decorations.
17. Baking or Cooking Lessons
Food business ideas don’t have to be only on processing or selling foods. If you are good at baking or cooking, you don’t have to focus on merely selling foods. You can sell your knowledge for money. You can conduct group or individual baking or cooking lessons. You can even set up a catering school. However, you need to demonstrate outstanding skills to gain students.
18. Food Blogging
In conclusion, you can also try food blogging especially when you don’t have the capital to set up to invest in the business ideas listed above. Your blog can focus on suggestive ways to develop usual food preparation and cooking techniques. Just write about a new way to make an omelet; or come up with an innovative pasta dish and see your blog traffic surge.
You can make money from your blog by selling advertising space, selling your own products or selling other people’s product. So regardless of the capital you have, you can still tap into the food industry by being a food producer, a food seller or teacher. The choice is yours.