Areca Nuts Market

Global Areca Nuts Market Size (2024 to 2029)

The Global Areca Nut Market is expected to grow at a CAGR of 5.50 %, from USD 0.91 billion in 2024 to USD 1.19 billion in 2029.

MARKET OVERVIEW

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. 

MARKET DRIVERS AND RESTRAINTS

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

SEGMENTAL ANALYSIS

Global Areca Nuts Market Analysis By Volume    

• Exports
• Imports

Global Areca Nuts Market Analysis By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Drink Specialists and Food

REGIONAL ANALYSIS

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.

KEY PLAYERS IN ARECA NUTS MARKET

Key players in areca nuts market are Grains & Spices, Amafu Stock Trading Pty, Plamai Gabor Gyorgy, Indo Aluvium Permata, Portpro Duct Co, Agro Komoditindo

RECENT HAPPENINGS IN THE ARECA NUTS MARKET 

1. 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.
2. 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.
3. 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.

DETAILED SEGMENTATION OF GLOBAL ARECA NUTS MARKET INCLUDED IN THIS REPORT  

This research report on the global areca nuts market has been segmented and sub-segmented based on Volume, Source, End Use & region.     

By Volume    

• Exports
• Imports

By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Drink Specialists and Food

By Region

• North America
• Europe
• Asia-Pacific
• MEA
• Latin America