Bananavore: A Venture Report

Date

5-2026

Degree

Bachelor of Science in Agribusiness Management

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Cris Edwin B. Bonalos

Committee Member

Nanette A. Aquino, Dia Noelle F. Velasco, Jean Amparo A. Tanalega

Restrictions

Restricted: Not available to the general public. Access is available only after consultation with author/thesis adviser and only to those bound by the confidentiality agreement.

Request Access

For non-UP researchers, requests for access to this material may be directed to the CEM Library at [email protected] or to the UKDR administrator at [email protected]

Abstract

This Special Problem report presents Bananavore, an agribusiness venture that transforms underutilized banana by-products, specifically pseudostems, blossoms, and peels, into a Filipinoinspired plant-based luncheon meat alternative. The venture addresses a key inefficiency in the Philippine agricultural system, where a significant portion of banana biomass remains unused despite its economic and nutritional potential. By converting these materials into a marketable food product, Bananavore demonstrates a value-adding approach that integrates agricultural production, processing, and direct market engagement.

The study evaluates the venture through industry, internal, and operational analyses. Findings indicate that while the plant-based food industry in the Philippines is growing, it remains constrained by high prices, cultural preference for traditional meat, and reliance on imported inputs. Bananavore addresses these gaps by utilizing locally available materials and positioning itself within the underserved affordable plant-based segment. This enables the venture to offer a product that aligns with Filipino taste preferences while remaining accessible to a broader market.

From an operational perspective, the venture follows a structured production process with a batch yield of 48 packs and an average weekly output of 120 to 144 packs, aligned with demand and shelf-life limitations. Distribution is conducted through community markets, bazaars, and direct selling channels, allowing the venture to maintain close customer engagement and validate market acceptance. Despite its small-scale setup, the venture maintains product consistency and efficiency through adaptive production practices and continuous coordination with its workforce.

Financially, Bananavore demonstrated strong performance and rapid growth. The venture transitioned from initial losses during the early development stage to profitability within three months, achieving a net income of ₱97,631 by March 2026. With an initial investment of ₱14,961, the business achieved a short payback period, reflecting efficient capital utilization and a viable business model.

Despite its positive performance, the venture faces challenges related to production scaling, regulatory compliance, and inventory management. These are addressed through adaptive strategies such as gradual supply chain integration, cost control, and reinvestment of earnings. Future plans include securing FDA License to Operate (LTO), expanding production capacity, and strengthening distribution channels.

Overall, Bananavore demonstrates how an agribusiness venture can transform underutilized agricultural resources into a viable and scalable enterprise. By integrating innovation, market responsiveness, and localized sourcing, the venture contributes to value creation within the agricultural sector while promoting accessibility, resource efficiency, and community engagement.

Language

English

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993 2026 M17 G66

Notes

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Award: Best SP Award (Agribusiness Entrepreneurship Track)

Document Type

Thesis

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