Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powder

The increase in the world population has led to the increase in the demand for probioticated yoghurt. However, due to the current economic woes, there has been a need for the production of probioticated yoghurt from alternative sources such as cereals for countries with less comparative advantage in...

Full description

Saved in:
Bibliographic Details
Main Authors: Babatunde Olawoye, Ayodeji F. Afolayan, Omotade R. Ogunremi, Isaac O. Olaoye
Format: Article
Language:English
Published: Nigerian Academy of Science 2024-12-01
Series:The Proceedings of the Nigerian Academy of Science
Subjects:
Online Access:https://nasjournal.org.ng/site/index.php/pnas/article/view/564/347
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1832592327088013312
author Babatunde Olawoye
Ayodeji F. Afolayan
Omotade R. Ogunremi
Isaac O. Olaoye
author_facet Babatunde Olawoye
Ayodeji F. Afolayan
Omotade R. Ogunremi
Isaac O. Olaoye
author_sort Babatunde Olawoye
collection DOAJ
description The increase in the world population has led to the increase in the demand for probioticated yoghurt. However, due to the current economic woes, there has been a need for the production of probioticated yoghurt from alternative sources such as cereals for countries with less comparative advantage in milk production. Owing to this, the work aimed at evaluating the techno-economic analysis of the production of probioticated Kunu-zaki drinks using millet and cocoa powder. The production process was based on the assumption of a uniform cash flow over a period of 10 years. The equipment for the production process was identified based on the process flow chart. The Kunu-zaki production process was based on a constant mass flow of 7500 packets/hr while the sensitivity of the plant was examined by varying the plant operation days. The techno-economic analysis of the plant revealed that the capital cost and annual operation cost were N6.26 ×108and N2.67× 109, respectively. The annual revenue after tax was N6.56 × 108while the return of investment, single payback period, discounted payback period, gross margin and internal rate of return were 64%, 1.56 years, 2.06 years, 23.08 and 78.02%, respectively. The sensitivity analysis of the plant revealed the feasibility of the plant at 330 and 300 operation days.
format Article
id doaj-art-023fbb4608254a389b5ba5d851bee5a1
institution Kabale University
issn 0794-7976
2705-327X
language English
publishDate 2024-12-01
publisher Nigerian Academy of Science
record_format Article
series The Proceedings of the Nigerian Academy of Science
spelling doaj-art-023fbb4608254a389b5ba5d851bee5a12025-01-21T10:23:11ZengNigerian Academy of ScienceThe Proceedings of the Nigerian Academy of Science0794-79762705-327X2024-12-0117211412610.57046/JLMG6612Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powderBabatunde Olawoye0Ayodeji F. Afolayan1Omotade R. Ogunremi2Isaac O. Olaoye3Department of Food Science and Technology, First Technical University, IbadanInstitute for Sustainable Development, First Technical University, IbadanDepartment of Microbiology and Biotechnology, First Technical University, IbadanDepartment of Agricultural and Civil Engineering, First Technical University Ibadan, NigeriaThe increase in the world population has led to the increase in the demand for probioticated yoghurt. However, due to the current economic woes, there has been a need for the production of probioticated yoghurt from alternative sources such as cereals for countries with less comparative advantage in milk production. Owing to this, the work aimed at evaluating the techno-economic analysis of the production of probioticated Kunu-zaki drinks using millet and cocoa powder. The production process was based on the assumption of a uniform cash flow over a period of 10 years. The equipment for the production process was identified based on the process flow chart. The Kunu-zaki production process was based on a constant mass flow of 7500 packets/hr while the sensitivity of the plant was examined by varying the plant operation days. The techno-economic analysis of the plant revealed that the capital cost and annual operation cost were N6.26 ×108and N2.67× 109, respectively. The annual revenue after tax was N6.56 × 108while the return of investment, single payback period, discounted payback period, gross margin and internal rate of return were 64%, 1.56 years, 2.06 years, 23.08 and 78.02%, respectively. The sensitivity analysis of the plant revealed the feasibility of the plant at 330 and 300 operation days.https://nasjournal.org.ng/site/index.php/pnas/article/view/564/347techno-economic analysisinternal rate of returnfood securitynon-alcoholic beverage
spellingShingle Babatunde Olawoye
Ayodeji F. Afolayan
Omotade R. Ogunremi
Isaac O. Olaoye
Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powder
The Proceedings of the Nigerian Academy of Science
techno-economic analysis
internal rate of return
food security
non-alcoholic beverage
title Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powder
title_full Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powder
title_fullStr Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powder
title_full_unstemmed Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powder
title_short Techno-economic evaluation of probioticated Kunu-zaki drinks produce from millet and cocoa powder
title_sort techno economic evaluation of probioticated kunu zaki drinks produce from millet and cocoa powder
topic techno-economic analysis
internal rate of return
food security
non-alcoholic beverage
url https://nasjournal.org.ng/site/index.php/pnas/article/view/564/347
work_keys_str_mv AT babatundeolawoye technoeconomicevaluationofprobioticatedkunuzakidrinksproducefrommilletandcocoapowder
AT ayodejifafolayan technoeconomicevaluationofprobioticatedkunuzakidrinksproducefrommilletandcocoapowder
AT omotaderogunremi technoeconomicevaluationofprobioticatedkunuzakidrinksproducefrommilletandcocoapowder
AT isaacoolaoye technoeconomicevaluationofprobioticatedkunuzakidrinksproducefrommilletandcocoapowder