Economic viability to produce caviar substitute using roes of rainbow trout

Abstract

Roes of rainbow trout (Oncorhynchus mykiss) can be used to produce caviar substitutes, resulting in a high added -value product. This study evaluated the market potential of rainbow trout roe in Campos do Jordão City (São Paulo State, Brazil) (22°44′20″S, 45°35′27″W) and the economic aspects of its production, considering two scenarios: production in existing processing plants (scenario A) and building a plant for its production (scenario B). To estimate the net present value rates (NPV), we used different asking prices (US$ 8.50, US$ 10.00 and US$ 12.50) and interest rates (11%). The market research indicated a great potential for the caviar substitute, perceived as a differential in gastronomy. The results showed economic viability in scenario A, with satisfactory profitability and return on venture capital for the short-term at different prices. In scenario B, economic viability is attained at the highest price, US$ 12.50; all other simulations require careful consideration from the investor.