Why Choose Guires's FRL as Your Food Product Development (FPD) Consultant and Partner?

There are several options in almost every product area in today’s market, and the difficulty is in coming up with unique items that stand out and connect with customers. Guires Food Research Lab (FRL) takes a holistic approach to creating food and beverage products. We define, demographically target, and build effective goods through a sequential process for category selection and comprehension. The client can visit the lab to learn the process. We offer unlimited rounds of revisions to ensure customer satisfaction. The final product prototype, along with the documentation process, including the video (through email), will be shipped to the client, and in case the client is not satisfied with the video, a food technology consultant will visit the place for the product demo at the client’s costs.

What are the different forms that you deliver the Food Product Formulations?

The food industry is witnessing a new form of consumption. Keeping that in mind, we can formulate the products in the form of ready-to-eat, ready-to-drink, ready-to-mix, ready-to-serve, and ready-to-cook food products. We use ingredients that offer an added value to the development and improve its indulgence and sustainability in terms of its functional ingredients, plant-based food dyes, and natural preservatives with a clean label.

What are the sectors Food Research Lab cover?

We cover a wide range of sectors such as soups, sauces and dips, chips, tortillas, dry beverage powder, plant-based products, masalas, puddings, instant mixes and many more.

How is sensory testing been carried out?

Our sensory examination leads to the precise formulation and recipe recommendations. We develop data-driven design models based on sensory research and customer insights. The fact-based design methodology used by Guires reduces risk and gives our clients market confidence while cutting development time in half. With our dedicated sensory lab facility, our team takes satisfaction in creating and optimizing successful products in the marketplace, generating a favourable return on investment, and developing brand advocates.

Techno-Economic Feasibility Study

Our team of experts make realistic goals for setting a product manufacturing plant through techno-feasibility studies

Home
What We Do
New Product Development
Techno-Economic Feasibility Study

Techno-Economic Feasibility Study

Being in an import and export, have a thirst to start a food manufacturing unit using existing raw material? Or already into Amazon or with any other food service provider, looking to expand the number of SKUs or have an idea to start a food business but are not sure where to begin? Wanted to enter into a food business focusing on a healthy and tasty product? Food Research Lab has the expertise and experience to nurture food entrepreneurs.
Food Research Lab Offers a Techno-Economic Feasibility Study on your proposed Food Processing Plant. Our feasibility report and the business plan enable food entrepreneurs to understand all the factors that will impact the food processing plant. Techno-Economic Feasibility Report allows entrepreneurs to submit it to their banks for approvals of the loans and obtain capital subsidy on the said project. The report also offers raw material procurement, machine costs, processing costs, profit and loss analyses, product pricing, business value proposition, packaging and nutrition labelling.
Food Research Lab Consultants has experience working on more than 50+ Techno-Economic feasibility studies. Our team would be happy to assist the clients in setting up the plant

Guires Food Research Lab can be the right fit for your Techno-Economic Feasibility Study.

Implementation Plan

Phase I. Ideation Primary and Secondary Market research Idea generation Concept Screening, fine-tuning and finalizing.	Phase III. Product Development Food Product development Microbiology, Shelf-Life Study, & Nutritional Evaluation as per the regulations & guidelines Decision on Packaging Pilot Study
Phase II. Feasibility Analyses Techno-economic viability of the project, including profit & loss analyses report.	Phase IV. Implementation Identification, screening and selection of Contract manufacturing Layout designing Machinery designing Location feasibility Machinery Erection & Commissioning Standard Operating Procedure development Food safety management systems development Trial run Reducing production costs and increasing efficiency

Entrepreneurs can use a Techno-Economic Feasibility Report to submit to their banks for loan approvals and capital subsidies on their projects. Raw material procurement and costing, machine expenses, processing costs, profit and loss assessments, pricing of your product, company value proposition, packaging, and nutrition labelling are all included in the report.

Technical Considerations: Helps determine whether or not the project is technically viable. We consider various specialized options on employment, ecology, infrastructure demands, capital services, the balance of payments, and other issues.

Economic Considerations: Our Economic data pertains to the market, and we collect the information needed to analyze this element from sources such as government agencies and trade groups. We also use postal questionnaires and market surveys to gather information.

Financial Considerations: Helps in determining the various metrics of commercial viability and the amount of funding necessary. It is required to know the current state of the market concerning the project.

External research and development, food technology training, food product creation, and industrial training are all necessary in the food sector. All of these things need financial resources. To make the greatest possible use of the funds available, it is critical to allocate resources rationally and effectively.

We provide immaculate services to help you make effective, educated, and well-considered judgments about the whole manufacturing process, as well as to assist you in developing a good business plan based on a company's techno-economic viability. The goal of Guires's expertise is to assist businesses in upgrading their machinery and abilities within their financial constraints.