The catfish trade is a lucrative business in Nigeria and many other parts of the world as over 2.7 million metric tons of fishes are produced globally with catfishes accounting for about 62% of the volume produced in Africa—over 1.8 million metric tons of catfishes.
Nigeria is the highest producer of catfishes globally and a large percentage of this catfishes are further smoked, dried and exported to neighbouring African countries and a few other countries located in Europe & Asia, thus making the smoked catfish business a attractive venture for many entrepreneurs in Nigeria and other places.
If you’re looking to trade in catfishes but want to be able to ship commodities that are well preserved and can have a high processed value, starting a dried and smoked catfish business in Nigeria, Africa, and other places around the world is a great move to make.
See Also: How To Start A Lucrative Dry Kpomo (Cow Skin) Farming Business In Nigeria: The Complete Guide
What Is Dried And Smoked CatFish?
Dried and smoked catfish is a type of fish that has undergone a particular processing method. These processes include having the fish put in sunlight or a similar condition as a way of preserving it or manually smoking it by exposure to smoke from wood or plant material with the same purpose for future usage.
What Is Dried And Smoked Catfish Trading?
Dried and smoked catfish trading is the buying or processing and selling of dried and smoked catfish with the goal of making a profit.
See Also: How To Start A Lucrative Bread Supply Business In Nigeria: The Complete Guide
Business Opportunities Available In Dried And Smoked Catfish
1). Source Of Food:
Catfish is a high source of protein and vitamins and has been a delicacy for years, and it is widely and generally consumed.
2). Animal Feeds:
Smoked catfish is also a source of animal feed for pet animals like dogs and cats.
See Also: How To Start A Lucrative Apple Farming Business In Nigeria: The Complete Guide
Facts And Benefits Of Catfish Trading Business
- Catfish last longer in this form
- Catfish is rich in proteins, thus helping to build strong muscles
- Catfish helps protect the eyes and aids vision
- Catfish helps boost immunity
- Smoked catfish is easy to trade in warm climates like Africa
- Smoking the fish is said to improve its flavour
- Catfish are carnivores (meat-eaters).
- There are nearly 2,900 species of catfish in existence today.
- Catfish can live up to 60 years depending on the location and species
- The name catfish refers to the long barbels, or feelers, which are present about the mouth of the fish and resemble cat whiskers.
See Also: How To Start A Lucrative Lettuce Farming Business In Nigeria: The Complete Guide
− Export Business −
How To Make Your First $10,000 Exporting Goods From Nigeria AND GET PAID IN DOLLARS Without Losing Any Money, GUARANTEED!
Our in-depth online export course is specifically designed to help you build a successful export business from scratch IN 90 DAYS WITHOUT LOSING ANY MONEY FROM YOUR INVESTMENTS, GUARANTEED! And in the process, show you how to make your first $10,000 from the export business within the first 3 months of finishing the course.
Click Here To Learn More >>
How To Set Up A Dried And Smoked Catfish Trading Business: Step By Step Guide
1). Process/Acquire Catfish:
There are two specific ways to go about the dried & smoked catfish business; the first is obtaining fresh catfish which can be bought then processed into the dried or smoked form. This would involve getting a drying machine.
The other approach consists of acquiring already dried or smoked catfish and then reselling them.
2). Market Your Dried & Smoked Catfish:
You need to rent a store in a very busy environment. It could be in a market place or a highly trafficked environment.
Since food items like this sell very quickly in busy environments, you too can take advantage of crowded places to setup shop.
See Also: How To Start A Lucrative Moringa Farming Business In Nigeria: The Complete Guide
Challenges Of Dried & Smoked Catfish Business In Nigeria
Here are some challenges that can affect starting the dried & smoked catfish business in Nigeria, Africa, or many other places around the world:
- Lack of government support
- Lack of funding for large scale production
- Lack of highly equipped storage facilities
- Poor funding of research activities
- Lack of easy access to the international market
- Lack of adequate widespread knowledge on how to produce high-quality products
- Lack of funds to import international standard processing machinery
- Thieves and criminals
- Inconsistent price mechanism
See Also: How To Start A Lucrative Duck Farming Business In Nigeria: The Complete Guide
To Sum It Up
The dried & smoked catfish business in Nigeria can be a lucrative and profitable venture to start-up, due to its vast market demand and on your own ability to build a wide supply chain network. If you’re looking for a food-based business to venture into, the dried & smoked catfish business in Nigeria is a great option to explore.
Trying To Secure A Business Loan? Finance? Or Investment?
You can now greatly increase your chances of geting the loan/investment you need with our bank and investor ready professional MBA standard business plan writing service
Writing a bank and investor ready professional dried & smoked catfish business plan can be challenging. If you need a professional and affordable business plan service, StartupTipsDaily’s MBA standard professional business plan writing service is perfect for your small business.
All you have to do is request an understanding of your proposed business model, and you’d have a professional MBA standard business plan ready for you in anywhere from 5 to 14 days. You can click here to get started with using StartupTipsDaily’s professional business plan writing service to create the perfect business plan that’d get accepted anywhere.
