Cereal, Vegetable and Fruit Processing

Cereal, Vegetable and Fruit Processing

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Cereal, Vegetable and Fruit Processing
Cereal, Vegetable and Fruit Processing
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Pursue sustainable production of agricultural products, such as processed cereals, canned vegetables and fruits, and dried fruits for local consumption and export through Business to Business (B2B) including retailers and supermarket chains and / or Business to Consumer (B2C) modalities for main agricultural products, including pomegranate, apple (fresh and dried), tomato paste and walnuts.

Expected Impact

Increase food security and purchasing power of the population, creating more jobs for the processing industry in Azerbaijan, and improving the agribusiness value chain.

How is this information gathered?
Updated: 13 Nov, 2023
Azerbaijan
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) No Poverty (SDG 1) Industry, Innovation and Infrastructure (SDG 9)

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Sector Sources
  • 1) State Statistical Committee. 2021. Agriculture Forestry and Fishing, Distribution of employed population on types of economic activities. https://stat.gov.az/source/agriculture/?lang=en. 2) State Statistical Committee. 2021. Agriculture Forestry and Fishing, Gross Domestic Product by sectors of economy. https://stat.gov.az/source/agriculture/?lang=en. 3) Republic of Azerbaijan. 2021. National Pathways to Sustainable Food Systems 2030. https://www.unfoodsystemshub.org/docs/unfoodsystemslibraries/national-pathways/azerbaijan/2021-09-23-en-eng-_-fs_-pathway-23.09.2021.docx?sfvrsn=3eedeee8_1. 4) Republic of Azerbaijan. 2022. Socio-Economic Development Strategy for 2022-2026 of the Republic of Azerbaijan. Available upon request. 5) President of Republic of Azerbaijan Ilham Aliyev, 2021. Order of the President of the Republic of Azerbaijan on approval of Azerbaijan 2030: National Priorities for Socio-Economic Development. https://president.az/en/articles/view/50474. 6) FAO. 2022. National Gender Profile of Agriculture and Rural Livelihoods. https://www.fao.org/3/cc2041en/cc2041en.pdf. 7) State Statistics Committee. 2015. Employees working in agricultural works on private owners and family-peasant farms and households by sex (based on 2015 Agriculture Census). https://www.stat.gov.az/source/gender/?lang=en. 8) ADB. 2020. Azerbaijan Country Gender Assessment. https://www.adb.org/sites/default/files/institutional-document/546166/azerbaijan-country-gender-assessment-2019.pdf. 9) World Bank. 2020. Agricultural land (% of land area) – Azerbaijan. https://data.worldbank.org/indicator/AG.LND.AGRI.ZS?locations=AZ. 10) European Commission. 2021. Joint Staff Working Document Recovery, resilience and reform: post 2020 Eastern Partnership priorities. https://www.eeas.europa.eu/sites/default/files/swd_2021_186_f1_joint_staff_working_paper_en_v2_p1_1356457_0.pdf. 11) European Commission. 2021. Eastern Partnership: a renewed agenda for recovery, resilience and reform underpinned by an Economic and Investment plan. https://ec.europa.eu/commission/presscorner/detail/en/IP_21_3367. 12) Trend New Agency. 2020. Azerbaijan expanding use of modern irrigation systems. https://en.trend.az/business/3300926.html. 13) UN Food Systems Hub. 2021. National Pathway to Sustainable Food Systems by 2030. https://www.unfoodsystemshub.org/docs/unfoodsystemslibraries/national-pathways/azerbaijan/2021-09-23-en-eng-_-fs_-pathway-23.09.2021.docx?sfvrsn=3eedeee8_1 14) FAO. 2017. Organic Agriculture in Azerbaijan, Current Status and Potentials for Future Development. https://www.fao.org/3/i8318e/i8318e.pdf. 15) Economist Impact. 2022. Azerbaijan. https://impact.economist.com/sustainability/project/food-security-index/explore-countries/azerbaijan. 16) Trend News Agency. 2022. ADB reveals forecasts for inflation in Azerbaijan. https://en.trend.az/azerbaijan/business/3647040.html. 17) State Statistical Committee. 2021. Consumption expenditures and its structure by living place in 2021. https://stat.gov.az/source/budget_households/?lang=en 18) FAO. 2022. National Gender Profile of Agriculture and Rural Livelihoods. https://www.fao.org/3/cc2041en/cc2041en.pdf. 19) State Export Support of Ministry of Economic Development and Trade of Ukraine. Investing in the Agriculture Sector of Azerbaijan. http://ukrexport.gov.ua/i/imgsupload/file/AZ_Agri.pdf. 20) International Trade Administration. 2022. Agricuture. https://www.trade.gov/country-commercial-guides/azerbaijan-agriculture.
IOA Sources
  • 21) BakuKonserv. 2023. About the Company. http://telli.ru/en/about_company/ 22) Balkhoorma. 2023. Our Story. https://balkhoorma.com/en/#ourstory 23) Agro Holding. 2023. Products: Dried Fruits. https://agroholding.az/en/products/dried-fruits 24) Gilan Holding. 2023. About Lankaran Canning Factory. https://gilanholding.com/industries/Lankaran+Canning+Factory+101?hl=en 25) AZPROMO. 2022. Investment Guide. https://azpromo.az/storage/983/eRrnPRM78T-Investment-Guide_kataloq_11zon.pdf 26) Azerbaijan Agricultural Research Center. 2023. Monthly Information Bulletin: February 2023. https://atm.gov.az/pdf/bulletin-february-2023-eng-fin256.pdf?v=78 27) State Statistical Committee of the Republic of Azerbaijan. 2022. Food Balances of Azerbaijan. https://www.stat.gov.az/source/food_balances/?lang=en 28) Trading Economics. 2022. Azerbaijan Food Inflation. https://tradingeconomics.com/azerbaijan/food-inflation. 29) UNDP Stakeholder Consultation with a State Owned Investment Fund Investing in the Non-Oil Sectors of Azerbaijan, March 2023. 30) UN Stats.2023. SDG Country Profile: Azerbaijan https://unstats.un.org/sdgs/dataportal/countryprofiles/aze#goal-2 31) Ministry of Agriculture of the Republic of Azerbaijan. 2020. The Agricultural Subsidy Council announced the factors and quotas for subsidies in 2021. https://atm.gov.az/en/news/250/the-agricultural-subsidy-council-announced-the-fac/. 32) Ministry of Agriculture of the Republic of Azerbaijan. Direct Support, Tax Breaks. https://agro.gov.az/en/state-support/vergi-ve-goemruek-guezestleri/vergi-guezestleri. 33) FAOLEX Database. Law No. 759-IG “On foodstuffs”.- Repealed. https://www.fao.org/faolex/results/details/en/c/LEX-FAOC132626/. 34) FAOLEX Database. Land Code of the Azerbaijan Republic, 1991.- Repealed. https://www.fao.org/faolex/results/details/en/c/LEX-FAOC002770/. 35) Republic of Azerbaijan. 2016. Strategic Vision and Roadmap for Azerbaijan Agriculture. https://monitoring.az/assets/upload/files/8047fecde10eaf0fd8cb45de716d8267.pdf. 36) Permanent Mission of the Republic of Azerbaijan to the United Nations. 2019. Improvement of the Situation of Women and Girls in Rural Areas. https://www.unwomen.org/sites/default/files/Headquarters/Attachments/Sections/Library/Publications/2019/A-74-224-Submission-Azerbaijan-en.pdf. 37) Ministry of the Economy of the Republic of Azerbaijan. 2019. Azerbaycan Respublikasi Regionlarinin 2019-2023-Cü Illerde Sosial-Iqtisadi Inkişafi Dövlet Proqrami. https://economy.gov.az/storage/files/files/1029/ckaZ7sv78T43pEDXtvRGR3rexllt6N5g86xeTPyJ.pdf. 38) The State Statistical Committee of the Republic of Azerbaijan. 2023. Average monthly nominal wages and salaries by Statistical Classification of Economic Activities. https://www.stat.gov.az/source/labour/en/004_2-3en.xls. 39) Agropark Shamkir. Projects. https://shamkiragropark.az/services-one/5 40) UNDP Stakeholder Consultation with a Concessional Fund Under the Ministry of Economy of Azerbaijan, March 2023. 41) Azerbaijan Investment Company. Our Investments. https://aic.az/en/page/about/our-projects. 42) European Bank of Reconstruction and Development. March, 2019. Azerbaijan Diagnostic. https://www.ebrd.com/documents/strategy-and-policy-coordination/azerbaijan-diagnostic.pdf. 43) International Fund for Agricultural Development. Azerbaijan. https://www.ifad.org/en/web/operations/w/country/azerbaijan. 44) Institute of Food Chemistry and Technology. Impact of food processing on the environment—an overview. https://www.sciencedirect.com/science/article/pii/0023643895900004.