North America Areca Nuts Market

North America Areca Nuts Market Size (2024 to 2029)

The North America Areca Nuts Market is predicted to grow at a CAGR of 4.92% from 2024 to 2029 and the market size is expected to be valued at USD 0.39 billion by 2029 from USD 0.31 billion in 2024.

MARKET OVERVIEW

The areca nut is the seed of the areca palm (Areca catechu), which grows throughout much of the tropical Pacific (Melanesia and Micronesia), Southeast Asia and southern Asia, and parts of East Africa. It is commonly known as betel nut, not to be confused with the betel leaves that are often used for wrapping. Several compounds found in walnut, including arecoline (the main psychoactive ingredient similar to nicotine), contribute to histological changes in the oral mucosa. It is known to be a major risk factor for cancer of the mouth and esophagus. 

MARKET DRIVERS AND RESTRAINTS

The North American areca nuts market is mainly influenced by weather conditions in the production area, government policies, growth of consumer industries, government policies for consumer industries, and some other aspects. Regular consumption of areca nut causes serious diseases such as throat cancer and oral cancer. Due to the large number of people affected by the consumption of areca nuts, various governments have imposed regulations on the production and consumption industries of areca nuts. This fact has restricted the local market for areca nuts. In addition, the growing awareness of people regarding a healthy lifestyle and the serious effects of areca nut has resulted in an obstacle for the areca nuts market. Since the pre-production age of palms is between 5 and 8 years, and only 5% of them give rise to seeds, the cultivation of the areca nuts takes a long time. The time required for the cultivation of the areca nut and the required environmental conditions, such as a minimum humidity of 70%, restrict the North American market on the supplier side.

This research report on the North America Areca Nuts market has been segmented and sub-segmented into the following categories.

North America Areca Nuts Market By Type

• red areca nut
• white areca nut

North America Areca Nuts Market By Product

• scented supari
• tannin
• pan masala

North America Areca Nuts Market By volume

• imports
• exports

North America Areca Nuts Market By Distribution Channel

• supermarkets
• hypermarkets
• convenience stores
• drink specialists 

North American Areca Nuts Market By Country

• U.S
• Canada
• Mexico
• Rest of North America

North American region has the largest share of the global market revenue due to remarkable growth in consumption driven by established distribution channels.

In the United States, areca nut is not a controlled or specially taxed substance and can be found in some Asian grocery stores. However, the importation of areca nuts in any form other than whole or carved nut seeds may be stopped at the discretion of US customs officials for reasons of food, agricultural or medicinal violation, which is very rare.

KEY MARKET PLAYERS

Kuber Grains & Spices, Amafu Stock Trading Pty, Plamai Gabor Gyorgy, Aluvium Permata, Portpro Duct Co., Indo Agro Komoditindo are some of the notable companies in the North America Nuts market.

RECENT HAPPENINGS IN THE MARKET

• The Central Cooperative for Processing and Marketing of Arecanut and Cacao (Campco) will coordinate with other areca nut cooperatives to source canut from producers and stabilize the market affected by foreclosures in the country.
• The Multi Commodity Exchange (MCX) has received approval from the Securities and Exchange Board of India to initiate future operations in Arecanut, which is one of India's major cash crops. The exchange plans to launch futures contracts in August, mid-season. The exchange manager said MCX will opt for a Red Rashi variety for the future Arecanut.
• To provide further relief to farmers in the midst of foreclosure, Central Arecanut and Cocoa Marketing and Processing Cooperative Ltd. (CAMPCO), Mangaluru, will increase the purchase price of arecanut from April 29. In addition, the cooperative will buy more arecanut from producers starting Wednesday, increasing its supply limit. This is because the circulation of the "chali" (or white sugar cane) variety has resumed in Uttar Pradesh, one of the main consumer markets for the variety in North India.
• Nivedan Nempe, a young researcher and entrepreneur known for his invention of areca tea, is set to launch a range of organic cosmetics made from local areca nuts. The product is exported to the West Indies, Russia and the Gulf countries, parts of the UK and also Australia. Areca tea currently comes in different flavors such as mint, ginger, lemon and tulsi.