Areca Nut Market is expected to grow at a CAGR of 5.50 %, from USD 0.86 billion in 2023 to USD 1.12 billion in 2028
Areca Nuts, also known as betel nut or supari, is the seed obtained from the areca palm. Areca nuts are an important commercial fruit in Southeast Asia. There are two varieties of areca nuts available on the market. These include the red areca nut and the white areca nut. While red areca nut is obtained from green areca nut, white areca nut is produced from ripe Areca Nuts. In addition, it is also used as a domestic ingredient for the preparation of the pan. In addition, tannins, which are a by-product obtained from the processing of immature areca nuts, are used for dyeing as food coloring, leather tanning, clothing, etc. Areca nuts contain creatinine tannins and gallic acid; a fixed oil rubber; a little terpineol; lignin various saline substances; and three main alkaloids as arecoline, arecaidine, and guvacine, all of which have vasoconstrictive properties. The betel leaf chewed with the Areca Nuts contains eugenol, another vasoconstrictor. The tobacco leaf is often added to the mix, which adds the effect of nicotine.
The Cooperative Sales Corporation Totagars Ltd at Sirsi in the Uttara Kannada district has launched a new organic fertilizer product in the market. Ravish Hegde, Managing Director of TSS Ltd, reported that "TSS Annapurna", the cooperative's second organic fertilizer, is a food-based fertilizer and is marketed by the cooperative under its own brand.
Areca Nuts prices reaffirmed again after undergoing post-coup demonetization, thanks to an increase in the minimum import price and a recovery in demand from manufacturers of masala bread. With restrictions on cash withdrawals since the beginning of November, sales of masala bread had decreased in the main consuming regions of Gujarat and the UP, causing a drop in the prices of Areca Nuts, the main ingredient of the product.
Nivedan Nempe, a young researcher and entrepreneur known for his Areca Tea invention, is now ready to launch a range of organic cosmetics made from Areca Nuts from the region. He said Areca Tea, launched in January 2016, has become a popular brand and has been well received in India and abroad. The product is exported to the Antilles, Russia, and the Gulf countries, parts of the United Kingdom and also to Australia. Areca tea currently comes in various flavors like mint, ginger, lemon, and tulsi, he said.
The increasing demand for areca products such as bread, fragrant supari and masala bread in countries such as the United States, Sri Lanka, Nepal, the United Arab Emirates, Mexico, Thailand, Singapore and other countries are driving growth in the Areca Nuts Market from areca. However, regular consumption of areca nuts causes serious diseases, such as oral cancer and throat cancer. Since various consumers are affected by regular consumption of areca nuts, India and various governments have established various regulations on the production of areca nuts and the consumer industries. This fact has hampered the growth of the market. However, areca nuts are made up of 8 to 12% fat that can be extracted and used in confectionery products. Also, the refined fat of the areca nut is harder than the cocoa butter, which can be used to mix. This is likely to create immense opportunities for manufacturers in the global areca nuts market to expand their business presence.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
5.50% |
Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Grains & Spices, Amafu Stock Trading Pty, Plamai Gabor Gyorgy, Indo Aluvium Permata, Portpro Duct Co, Agro Komoditindo |
Detailed Segmentation Analysis of the Market:
Areca Nuts Market, By Volume:
Exports
Imports
Areca Nuts Market, By Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Drink Specialists and Food
North America
Europe
Asia-Pacific
MEA
Latin America
Among all the regions, Asia Pacific is the most substantial market for areca nuts with almost 90% of the overall revenue share. India is the largest producer and consumer of areca nuts. India is responsible for more than half of the world's production of areca nuts and still imports large quantities of truth from other countries. India's top export destinations include several countries in the Asia Pacific, as well as a small portion of the United States, the United States, and the United Kingdom, due to the flexibility offered by the Indian government. Regarding import duties, imports of areca nuts from Bangladesh increased approximately threefold. India, Bangladesh, Indonesia, Thailand, Sri Lanka, and Myanmar are responsible for meeting the almost complete demand for areca nuts. The Asia-Pacific areca nuts market is well established, while various government regulations and public awareness have led to the maturity of the market. The MEA region, particularly sub-Saharan Africa, offers a small market for areca nuts. All the facts and figures above point to a concentrated market for areca nuts in the countries of the Southeast Asia Pacific, while a weak market in other parts of the world.
Grains & Spices
Amafu Stock Trading Pty
Plamai Gabor Gyorgy
Indo Aluvium Permata
Portpro Duct Co
Agro Komoditindo
FAQ's
The Areca Nuts Market Can be Predicted Reach A Valuation Of USD 1425 Billion by 2027.
Areca Nuts Market Can Expand With A CAGR 5.6 % in a given Forecast Period.
Grains & Spices, Amafu Stock Trading Pty, Plamai Gabor Gyorgy, Indo Aluvium Permata, Portpro Duct Co, Agro Komoditindo
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