Market Overview:
The global areca bowl market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for areca bowls from the food & beverage industry, hotel industry, agriculture and household applications. Additionally, rising disposable income and growing awareness about hygiene among consumers are also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing these bowls may restrain the growth of this market during the forecast period. On basis of type, 6 inches segment is expected to account for majority share in global areca bowl market followed by 8 inches segment during forecast period from 2018-2030. On basis on application food & beverage industry is anticipated witness highest CAGR over next 10 years owing high adoption rate across globe followed by hotel industry .
Product Definition:
The areca bowl is a type of serving dish that is used to serve food. The areca bowl is typically made from ceramic or glass and it has a round shape. The areca bowl is often used to serve small dishes such as appetizers or desserts.
6 Inches:
6 inches is the measurement of a bowl's diameter. The larger the bowl, the more surface area it has to hold more seeds and plants. A large number of 6 inch areca bowls can be grown in a small space as they have very shallow roots so that only few inches of soil is needed around them. This makes them suitable for planting in containers or planters where there would otherwise be room for only one or two other plants.
8 Inches:
8 inches is the standard size of a Areca bowl. It's also known as a "medium-sized" or "small" areca bowl. The average weight of an Areca tree is around 40 kg and the bowls that come in contact with their trunks measure approximately 8 inches across, thus giving the name to this size category in the market.
The demand for these products has been on a rise due to their easy cultivation, low maintenance requirements.
Application Insights:
Food and beverage industry was the largest application segment in 2016, accounting for over 50% of the total revenue share. Growing foodservice industry across the globe is expected to be a key factor driving product demand in this segment. Moreover, increasing number of restaurants and eateries at global level has increased the importance of wooden eating utensils, thus areca bowl will continue to witness high demand from this sector over next few years.
Hotel industry is also anticipated to grow significantly owing to increase in tourism activities globally. Increasing hotel construction across various regions coupled with rise in travel & tourism industries will boost market growth during forecast period.
Regional Analysis:
Asia Pacific areca bowl market is expected to witness significant growth over the forecast period owing to increasing consumption of betel nut and tobacco. Changing lifestyles and rising disposable incomes in developing economies including India, China, Bangladesh, Myanmar, Philippines and Indonesia among other countries are expected to drive the regional demand for areca nut products. Furthermore Betel Nut (Areca Catechu) is considered as a vital ingredient in many Asian cuisines such as Indian cuisine. It acts as an appetizer or sometimes a dessert course before any main course dish consumed at dining table along with friends and relatives.
Growth Factors:
- Increasing disposable income of the population: The disposable income of the population is increasing, which is resulting in an increase in demand for Areca Bowls.
- Growing popularity of Indian cuisine: Indian cuisine is becoming increasingly popular all over the world, and this is driving demand for Areca Bowls.
- Rising awareness about the health benefits of consuming areca nuts: There is a growing awareness about the health benefits of consuming areca nuts, which is leading to an increase in demand for Areca Bowls.
- Increasing urbanization and modernization: Urbanization and modernization are leading to a rise in consumer spending on food items, including Areca Bowls. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Areca Bowl Market Research Report
By Type
6 Inches, 8 Inches, Other
By Application
Food & beverage Industry, Hotel industry, Agriculture, Household
By Companies
Ziffe Exports Private Limited, Vetrivelavan Enterprise, Bannariamman, Conservia Ecocrafts India Private Limited, Eco-Mithra, Vigna Exports, Gaah Green Products Private Limited, Eco Planet, Srinivasa Traders, Kins Eco, The Goodplate Company, Gm International, Green Atmos
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Areca Bowl Market Report Segments:
The global Areca Bowl market is segmented on the basis of:
Types
6 Inches, 8 Inches, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & beverage Industry, Hotel industry, Agriculture, Household
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ziffe Exports Private Limited
- Vetrivelavan Enterprise
- Bannariamman
- Conservia Ecocrafts India Private Limited
- Eco-Mithra
- Vigna Exports
- Gaah Green Products Private Limited
- Eco Planet
- Srinivasa Traders
- Kins Eco
- The Goodplate Company
- Gm International
- Green Atmos
Highlights of The Areca Bowl Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 6 Inches
- 8 Inches
- Other
- By Application:
- Food & beverage Industry
- Hotel industry
- Agriculture
- Household
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Areca Bowl Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Areca Bowl is a college football bowl game played annually at the end of the NCAA Division I FBS football season. The game was first played in 1960 and has been hosted by eight different schools, most recently by UCF in 2018.
Some of the major companies in the areca bowl market are Ziffe Exports Private Limited, Vetrivelavan Enterprise, Bannariamman, Conservia Ecocrafts India Private Limited, Eco-Mithra, Vigna Exports, Gaah Green Products Private Limited, Eco Planet, Srinivasa Traders, Kins Eco, The Goodplate Company, Gm International, Green Atmos.
The areca bowl market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Areca Bowl Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Areca Bowl Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Areca Bowl Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Areca Bowl Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Areca Bowl Market Size & Forecast, 2018-2028
4.5.1 Areca Bowl Market Size and Y-o-Y Growth
4.5.2 Areca Bowl Market Absolute $ Opportunity
Chapter 5 Global Areca Bowl Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Areca Bowl Market Size Forecast by Type
5.2.1 6 Inches
5.2.2 8 Inches
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Areca Bowl Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Areca Bowl Market Size Forecast by Applications
6.2.1 Food & beverage Industry
6.2.2 Hotel industry
6.2.3 Agriculture
6.2.4 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Areca Bowl Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Areca Bowl Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Areca Bowl Analysis and Forecast
9.1 Introduction
9.2 North America Areca Bowl Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Areca Bowl Market Size Forecast by Type
9.6.1 6 Inches
9.6.2 8 Inches
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Areca Bowl Market Size Forecast by Applications
9.10.1 Food & beverage Industry
9.10.2 Hotel industry
9.10.3 Agriculture
9.10.4 Household
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Areca Bowl Analysis and Forecast
10.1 Introduction
10.2 Europe Areca Bowl Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Areca Bowl Market Size Forecast by Type
10.6.1 6 Inches
10.6.2 8 Inches
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Areca Bowl Market Size Forecast by Applications
10.10.1 Food & beverage Industry
10.10.2 Hotel industry
10.10.3 Agriculture
10.10.4 Household
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Areca Bowl Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Areca Bowl Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Areca Bowl Market Size Forecast by Type
11.6.1 6 Inches
11.6.2 8 Inches
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Areca Bowl Market Size Forecast by Applications
11.10.1 Food & beverage Industry
11.10.2 Hotel industry
11.10.3 Agriculture
11.10.4 Household
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Areca Bowl Analysis and Forecast
12.1 Introduction
12.2 Latin America Areca Bowl Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Areca Bowl Market Size Forecast by Type
12.6.1 6 Inches
12.6.2 8 Inches
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Areca Bowl Market Size Forecast by Applications
12.10.1 Food & beverage Industry
12.10.2 Hotel industry
12.10.3 Agriculture
12.10.4 Household
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Areca Bowl Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Areca Bowl Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Areca Bowl Market Size Forecast by Type
13.6.1 6 Inches
13.6.2 8 Inches
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Areca Bowl Market Size Forecast by Applications
13.10.1 Food & beverage Industry
13.10.2 Hotel industry
13.10.3 Agriculture
13.10.4 Household
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Areca Bowl Market: Competitive Dashboard
14.2 Global Areca Bowl Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ziffe Exports Private Limited
14.3.2 Vetrivelavan Enterprise
14.3.3 Bannariamman
14.3.4 Conservia Ecocrafts India Private Limited
14.3.5 Eco-Mithra
14.3.6 Vigna Exports
14.3.7 Gaah Green Products Private Limited
14.3.8 Eco Planet
14.3.9 Srinivasa Traders
14.3.10 Kins Eco
14.3.11 The Goodplate Company
14.3.12 Gm International
14.3.13 Green Atmos
