The Global Areca Nuts Market was worth USD XX billion in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2021. The Areca Nut is the seed of the areca palm, which grows in much of the tropical Pacific (Melanesia and Micronesia), Southeast and South Asia, and parts of east Africa. This seed is commonly referred to as betel nut so it is easily confused with betel (Piper betle) leaves that are often used to wrap it (paan).
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Consumption has many harmful effects on health and is carcinogenic to humans. Various compounds present in the nut, most importantly arecoline (the primary psychoactive ingredient which is similar to nicotine), contribute to histologic changes in the oral mucosa. As with chewing tobacco, its use is discouraged by preventive efforts.
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The Global Areca Nuts market is driven by the rising consumption and demand, in the developing and developed regions of the world. However, the widely noted harmful effects of the consumption of areca nuts, which lead to cancer act as a major restraint on the growth of the market.
• Y-o-Y Growth Analysis, By Volume
• Market Attractiveness Analysis, By Volume
• Market Share Analysis, By Volume
• Supermarkets and Hypermarkets
• Convenience Stores
• Y-o-Y Growth Analysis, By Distribution Channel
• Market Attractiveness Analysis, By Distribution Channel
• Market Share Analysis, By Distribution Channel
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The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, North America led the global Areca Nuts market in terms of market share. The market share in Europe has dwindled owing to the rising incidence of obesity in the region coupled with increasing consumer health awareness. The market for these Areca Nuts in Asia-Pacific area is amplifying because more of consumption. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Areca Nuts market in the following years when compared with the seasoned markets of developed regions.
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The major players operating in the Global Areca Nuts industry include Amafu Stock Trading Pty, Agro Komoditindo, Portpro Duct Co., Indo Aluvium Permata, Plamai Gabor Gyorgy, and Kuber Grains & Spices.
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