Global Areca Nut Market - 2023-2030
The global areca nut narket reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 4.2% during the forecast period (2023-2030).
Areca nut-based products such as pan masala, gutka, and supari are becoming increasingly popular in many countries which is driving the growth of the areca nut market. The areca nut is typically chewed either alone or in combination with other ingredients, such as tobacco and/or lime paste. The active ingredient in the areca nut is called arecoline, which has psychoactive properties and can cause a mild euphoria or a feeling of alertness.
Market Dynamics
Increasing Use of Areca Nut in Ayurvedic Medicine is Driving the Market Growth of the Areca Nut Market
Areca nut has played a significant role in traditional medicine for many years and is a key component of both Ayurveda and traditional Chinese medicine. It possesses strong analgesic, antiulcer, anti-inflammatory, antioxidant, and neuroprotective effects. According to Ayurveda, in addition to being a fantastic masticatory component, the areca nut is essential for balancing the pitta and kapha doshas and promoting digestion. Consuming 10 to 15 ml of areca nut decoction helps with cramps and regularises menstruation. Hence, the increasing use of areca nut in ayurvedic medicine is driving the areca nut market growth.
Regulatory Issues Hamper the Market Growth of Areca Nut
In some countries, the sale of areca nut products is banned or restricted due to health concerns. For example, in the European Union(EU), the sale of areca nut products is prohibited under the Tobacco Products Directive. Governments may impose tariffs or taxes on the import or export of areca nut products, which can increase their prices and reduce their competitiveness in the market. For instance, India has recently imposed a 100% tax on areca nut imports to protect domestic producers. Overall, regulatory issues can have a significant impact on the areca nut market.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global areca nut market is segmented based on type, product, end-user, and region.
The Strong Flavor of Red Areca Nut
The global areca nut market is segmented based on type, product, end-user, and region.
In 2022, red areca nut segment accounted for the highest share in the areca nut market, particularly in countries like India, Bangladesh, and Indonesia, where it is consumed widely in various forms, such as pan masala, gutka, and paan. Red areca nut is known for its strong and distinctive flavor, which is preferred by many consumers over the milder taste of white areca nut. Red areca nut has a higher content of alkaloids, such as arecoline, which are psychoactive compounds that produce a stimulating effect when consumed. This makes it a popular choice among consumers who seek the energizing effects of the nut.
Geographical Analysis
Increasing Consumption of Areca Nuts in North America
The North America region has a significant role in the global areca nut market. The areca nut market in North America is primarily driven by the demand for chewing tobacco and related products, as areca nut is a common ingredient in these products. According to BMC Public Health, Among 275 individuals, 91% were familiar with areca nut products, 17% self-reported ever use of areca nuts products in the US, and 31% had friends/family members who were areca nuts ever users.
Competitive Landscape
The major global players include 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, and Shri Ganesh Prasad Traders.
Why Purchase the Report?
• To visualize the global areca nut market segmentation based on type, product, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous areca nut market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global areca nut market report would provide approximately 61 tables, 64 figures and 102 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Product
- 3.3. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increasing use of areca nut in ayurvedic medicine
- 4.1.2. Restraints
- 4.1.2.1. Increasing public health awareness
- 4.1.3. Opportunity
- 4.1.3.1. Expansion of areca nut cultivation
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. PostCOVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. Red Areca Nut*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Whit Areca Nut
- 8. By Product
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 8.1.2. Market Attractiveness Index, By Product
- 8.2. Scented Areca Nut*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Tannin
- 8.4. Pan Masala
- 8.5. Others
- 9. By Region
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
- 9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.2.5.1. The U.S.
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.3.5.1. Germany
- 9.3.5.2. The U.K.
- 9.3.5.3. France
- 9.3.5.4. Italy
- 9.3.5.5. Spain
- 9.3.5.6. Rest of Europe
- 9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.4.5.1. Brazil
- 9.4.5.2. Argentina
- 9.4.5.3. Rest of South America
- 9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 9.5.5.1. China
- 9.5.5.2. India
- 9.5.5.3. Japan
- 9.5.5.4. Australia
- 9.5.5.5. Rest of Asia-Pacific
- 9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
- 11. Company Profiles
- 11.1. GM Group*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
- 11.2. Rubyndo
- 11.3. SWASTIKA INTERNATIONAL
- 11.4. THE CAMPCO LTD.
- 11.5. Sri Vinayaka Betelnut Traders
- 11.6. R.K. TRADING
- 11.7. Biotan Pharma
- 11.8. Marlene Traders Co., Ltd.
- 11.9. Viet D.E.L.T.A Industrial Co., Ltd
- 11.10. Shri Ganesh Prasad Traders
- LIST NOT EXHAUSTIVE
- 12. Appendix
- 12.1. About Us and Services
- 12.2. Contact Us
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