Areca Nuts Market Growth or Demand Increase or Decrease for what contains:
Areca nut is the world’s most popular food after nicotine, ethanol, and caffeine. It is also known as ‘betel nut’ and is a seed from the Areca catechu palm tree. Areca nuts are commonly consumed raw, ripe, dried, and roasted, particularly in South and Southeast Asia. It is used in pan masala, gutkha, mawa, dohra, and kharra, as well as betel, both with and without tobacco. Areca nuts, known for their addictive characteristics, are estimated to be ingested by hundreds of millions of people in various nations. The global areca nut market has grown steadily in recent years, owing to its cultural significance and medical benefits. The active components in areca nut include alkaloids such as arecoline, which can have stimulating and euphoric properties.
Areca Nuts Market CAGR Estimation:
The Areca Nuts Market size was valued at USD 935.74 million in 2023 and is expected to reach USD 1502.60 million by 2030, at a compound annual growth rate (CAGR) of 7% during the forecast period (2024-2030).
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Areca Nuts Market Segmentation:
by Type
1. Red Areca nuts
2. White Areca nuts
by Product
1. Scented Supari
2. Tannin
3. Pan Masala
by Form
1. Raw
2. Ripe
3. Roasted
4. Dried
The Areca Nuts Market is divided into white and red areca nuts. In 2023, the Red Areca nut segment had the biggest market share and is likely to hold that position during the forecast period. Red areca nuts are derived from green areca nuts. Red areca nuts are grown in the Malnad region of Karnataka. It is created after tender nuts have been harvested, dehusked, and boiled in enormous copper containers. Teak tree bark, lime, and betel leaf are used to improve the colour and quality of the product. Before being marketed, they are graded and sun-dried
Areca Nuts Market Overviews:
Areca nut, also known as ‘betel nut’, is widely consumed globally, especially in South and Southeast Asia, for its cultural significance and various medicinal properties. It is used in products like pan masala, gutkha, and betel quid, contributing to its market growth.
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Areca Nuts Market: Which Regions are Experiencing Growth or Increased Demand?
Asia-Pacific has the greatest Areca Nuts Market share at 90%. India is the world’s top producer and consumer of areca nuts. The areca nut market is expanding primarily due to increased nut consumption in both developed and developing Asia-Pacific countries. For example, over 600 million individuals worldwide chew betel quid. Most of them are from Asia-Pacific countries such as Sri Lanka, India, Bangladesh, Myanmar, and Taiwan. The majority of betel chewers in other countries are emigrants from their home country. Areca nut can be used alone or in combination with betel leaf, slaked lime, and tobacco to make a betel quid.
Areca Nuts Market Scope and Methodology:
The market is segmented by type (red and white areca nuts), product (scented supari, tannin, pan masala), form (raw, ripe, roasted, dried), and applications (traditional, medicinal, healthcare, foods). Regionally, Asia-Pacific dominates the market due to high consumption in countries like India and Bangladesh.
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Areca Nuts Market Key Players:
1. Swastika International
2. R. K. TRADING
3. GM Mallikarjunappa
4. Maganlal Shivram and Company
5. S. K. Associates
6. SrinidhiFarm
7. The Areca Nut Company
8. Gm Group
9. Vietdelta Industrial Co., Ltd
10. Shri Ganesh Prasad Traders
11. Pt. Ruby Privatindo
12. The Campco Ltd.
13. Sri Vinayaka Betelnut Traders
14. PT Ruby Privatindo
15. The CAMPCO Ltd.
16. Surya Exim
17. Biotan Pharma
18. Shri Ganesh Prasad Traders
19. Marlene Traders Co., Ltd.
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Key questions answered in the Areca Nuts Market are:
• What is Areca Nuts?
• What is the growth rate of the Areca Nuts Market?
• Which are the factors expected to drive the Areca Nuts market growth?
• What are the different segments of the Areca Nuts Market?
• What growth strategies are the players considering to increase their presence in Areca Nuts?
• What are the upcoming industry applications and trends for the Areca Nuts Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Areca Nuts Market?
• What major challenges could the Areca Nuts Market face in the future?
• What segments are covered in the Areca Nuts Market?
• Who are the leading companies and what are their portfolios in Areca Nuts Market?
• What segments are covered in the Areca Nuts Market?
• Who are the key players in the Areca Nuts market?
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