Presentation during the Bureau of Agricultural Research (BAR) 14th Agriculture and Fisheries Technology Forum and Product Exhibition Seminar Series on August 31, 2018 at Megatrade Hall 2, SM Megamall, Mandaluyong City
2024: The FAR - Federal Acquisition Regulations, Part 35
Financial Viability of Mangifera Liqueur
1.
2. FINANCIAL VIABILITY OF
MANGIFERA LIQUEUR
Department of Food Science and Technology
College of Home Science and Industry
CENTRAL LUZON STATE UNIVERSITY
Science City of Munoz, Nueva Ecija,
Department of Agriculture -
Bureau of Agricultural Research (DA-BAR)
3. GG Gantioque, AA deLeon, JM Rustia,
JM Castillo, HG Pestano, KC GanarealPROPONENTS
PhP 1,500,000.00PROJECT COST
1 year 6 monthsPROJECT DURATION
DA – Bureau of Agricultural ResearchFUNDING AGENCY
4. >50%
produced in Luzon
5th rank
world production of edible fruits
Top 3
export fruit of the Philippines
PROJECT OVERVIEW
22. A 9-point hedonic scale was used in
determining the sensory characteristics of
the experimental prototypes and the
preference of the consumers.
1 2 3 4 5 6 7 8 9
Dislike
extremely
Dislike very
much
Dislike
moderately
Dislike
slightly
Neither like
nor dislike
Like
slightly
Like
moderately
Like very
much
Like extremely
Legend:
23. Mean score on the overall liking of mangifera liqueur assessed by frequent and occasional drinkers
Frequent drinkers (n=25) liked T7 (40% alcohol, 10% solids)
Occasional drinkers (n=25) preferred T2 (20% alcohol, 20%
solids)
24. This scale combines intensity and
hedonic judgements. It shows the
percentage of respondents that rated
the specific attributes as Just-About-
Right (JAR).
26. B. Occasional Drinkers
T1 (20%:10%)
T2 (20%:20%)
T3 (20%:30%)
T4 (30%:10%)
T5 (30%:20%)
T6 (30%:30%)
T7 (40%:10%)
T8 (40%:20%)
T9 (40%:30%)
Products’
attributes are in
just-about-right
scale.
0
20
40
60
80
100
Color
Clarity
Aroma
Sweetness
Bitterness
Mango Fruit
Smoothness
Astringency
Bitter
Aftertaste
Duration
27. A 5-point hedonic scale was used.
This measures the willingness of the
consumer in buying the product.
1 2 3 4 5
DEFINITELY
will not buy
PROBABLY
will not buy
NEITHER
will buy
or not
PROBABLY
will buy
DEFINITELY
will buy
Legend:
28. Frequent and occasional drinkers are willing to buy the
product, mean ranging from 3.2 (neither will buy or
not) to 4 (will definitely buy).
29. Quality properties of
Mangifera Liqueur
pH value 4.2 – 4.9
Total Soluble Solids 13.9 0Bx
Alcohol content 20% ; 40%
Shelf-life (initial) 1.5 years
Storage Ambient temperature
Packaging Frosted bottles
Yield 56-65% (20%alc)
50-56% (40%alc)
32. K-zer is the shortcut for
the tagalog term “Kay Sir” or
simply for “My Boss”.
This is also a heterograph of the German word Kaiser which
meant emperor connoting nobility and superiority.
TRADEMARK
APPLICATION
33. Highest number
of respondents
belong to
21-40 years
of age category
(57%)
Respondents
with monthly
income of
<15,000 cover
the highest
percentage
(66%)
Mostly MALE
respondents
showed
willingness in
purchasing
the product
(77%)
34. Overall Liking
80.39% of the
respondents
preferred the 20%
mango cordial
MARKET STUDY
57% preferred the
40% mango liqueur
35. Buying intention
Majority of the
panelists (frequent
and occasional
drinkers) expressed
that they are willing
to buy the mangifera
liqueur (rating 4-5)
MARKET STUDY
36. DHM Building, CHSI, CLSU, Science City
of Munoz, Nueva Ecija
Maharlika Road, PCC, CLSU,
Science City of Munoz, Nueva Ecija
COMMERCIALIZATION ACTIVITIES
37. FINANCIAL
ASSUMPTIONS
Initial vol. of materials per
yearly production 9,600 L
Yield
20% alc
40% alc
520 L
350 L
Selling price
P 250.00/ 500 mL (20%)
P 350.00/500 mL (40%)
P 3M
P 4.2M
No. of bottles produced/year
20% alc
40% alc
12,000 bot
8,400 bot
40. The K-zser mangifera
liqueur project’s financial
viability impact was
evaluated by the CELPA
team headed by
Dr. Corazon Aragon.
August 14, 2017
CHSI, CLSU
OTHER ACTIVITIES
41. e3 STArt International Academic R&D Festival
August 30 to September 1, 2017
CLSU In-house Review R&D Projects
July 13-14, 2017
13th Agriculture and Fisheries Technology
Forum and Product Exhibition
August 8-10, 2017
PRODUCT EXHIBITION