Areca Nut Market Size, Competitive Landscape and Market Forecast - 2029


Posted March 13, 2023 by ArtiDataM

According to the latest DataM Intelligence report the global Areca Nut Market size garnered US$ XX million in 2021 and is estimated to reach US$ XX million growing at a high CAGR over the forecast period 2023 to 2030.

 
For the last few years, the worldwide areca nut market has been steadily growing. Areca nut is the fruit of the areca palm tree, which is native to Southeast Asia and is widely grown in India, Bangladesh, Sri Lanka, Indonesia, and the Philippines. Areca nut is often used as a stimulant and has therapeutic effects in traditional medicine.
Areca catechu (betel nut), commonly known as an areca nut seed, is chewed by 5% of the world's population as a medicine masticatory; it is more prevalent than chewing gum. Betel nut consumption is frequently socially or culturally ritualised, and elegant functions are employed in a variety of Asian and Pacific faiths. Areca nut chewing has been embraced in Western traditions, which consider the crimson saliva and darkened teeth caused by regular usage to be aesthetically revolting. It is chewed alone or with quids, powdered or sliced areca nut, a combination of tobacco and slaked lime wrapped in a betel vine leaf (Piper betel). Areca is a plant that is also used to create medications for mental illnesses and glaucoma.

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The growing global demand for areca nut can be ascribed to its numerous health advantages. Areca nut has been shown to boost cognitive performance, decrease inflammation, and help digestion. It has also been shown to have anti-cancer, anti-diabetic, and anti-microbial qualities, making it a popular element in herbal treatments and supplements.
However, the areca nut industry faces several problems, including the harmful influence of areca nut on health, notably its link to mouth cancer. The World Health Organization has categorised areca nut as a carcinogen, causing its usage to diminish in some areas. Also, the growing availability of alternatives such as nicotine gum and electronic cigarettes has influenced areca nut demand.
The worldwide areca nut market is expanding steadily, owing to rising demand from the food and beverage industries as well as increased awareness of its health advantages. Nonetheless, the market faces problems such as areca nut's detrimental influence on health and the availability of alternatives. Despite this, the industry is likely to expand in the next years, driven by the discovery of new varieties and rising demand from emerging countries.


The following are some dynamics that are anticipated to have a broad impact on the global landscape:
The increasing adoption from the food and beverage industries is driving the areca nut market.
The rising demand from the food and beverage industries is driving the areca nut market. Areca nut flavour is used in a variety of culinary products, including candies, chocolates, and chewing gum. The usage of areca nut in traditional medicine, mainly in India and China, drives demand for the product.

Geographical Analysis:
Because of the highest consumption of areca in India, Pakistan, and other nations, Asia-Pacific dominates the areca nut market. Areca nuts are mostly utilised in the production of pan, pan masala, and chewing tobacco, which are primarily eaten in the Asia-Pacific area. The region's areca nut consumption is being boosted by rapid population expansion and increased demand for chewing tobacco.

Chewing tobacco is consumed by a huge population due to its good effects such as mouth freshener, germ-killing, digestion aid, mood booster, oral cleansers, and tension relievers. Chewing tobacco is made with crushed areca nut, tobacco, lime, and catechu flavour ingredient. Technological and media advertising, as well as excessive marketing of chewing tobacco in low-cost sachets and compact eye-catching packages, have massively increased the goods' sales area thus, raising demand.
Competitive Landscape:
There are several companies in the worldwide areca nut market.
GM Group, Rubyndo., SWASTIKA INTERNATIONAL, THE CAMPCO LTD., Sri Vinayaka Betelnut Traders, R.K. TRADING, Biotan Pharma, Marlene Traders Co., Ltd., Viet D.E.L.T.A Industrial Co., Ltd, Shri Ganesh Prasad Traders, Maganlal Shivram & Company and SrinidhiFarm are some of the leading companies operating in the market.
Segmentation Analysis:
Global Areca nut market can be segmented by type, product, end-user
Areca Nut Market segmented by Type:
Red areca nut
White areca nut
Areca Nut Market segmented by Product:
Scented areca nut
Tannin
Pan masala
Others
Areca Nut Market segmented by End-user:
Household
Tobacco shops
Hotels & resorts
Cafe and restaurants
Others

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Contact Email [email protected]
Issued By Sai Kiran
Phone +1 877 441 4866
Business Address Hyderabad
Country India
Categories Business , Marketing
Tags areca nut market , areca nut , red areca nut , white areca nut
Last Updated March 13, 2023