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Aromatic plants extract for cosmetics

Opportunity Description: Aromatic plants extract for cosmetics as local substitute for industry which is financially competitive
PRODUCT: Extracts (from caraway, cumin, mint, etc.) for skin and hair care
Sector: Sustainable Agriculture and Food Processing
Market: Sold to cosmetic industry in Lower and Middle Egypt and Red Sea. Competing products include synthetic alternatives
Initial Investment Required: Above 500,000 EGP
Details Available:
Market Potential: Sold to cosmetic industry in Lower and Middle Egypt and Red Sea. Competing products include synthetic alternatives
Supply: Farms in Luxor/Qena, rest of Upper Egypt and the Red Sea, and in the Delta. Required inputs aromatic plants.
Process: Drying -> mixing -> evaporation -> distillation (low temperature, high pressure, purifiers)
Human Resources: Manual labour, machines operators, chemist/engineer
Financial: CAPEX is above 500,000 EGP - mainly cost of machinery
OPEX is above 500,000 EGP - processing of material
Risk: Perfecting production technique and meeting export specifications (quality control)

IMPACT: Reliance on green chemicals reduce pollutants on synthetic chemicals.
Increase value added on agriculture produce, decrease import of chemicals required for high value-added industry.