Market Overview:
The global areca nut 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 factors such as rising demand for areca nut in food and pharmaceutical applications, and increasing awareness about the health benefits of areca nut. Based on type, the global areca nut market is segmented into split betel nut and whole betelnut. Split betelnut is further sub-segmented into thin slice and thick slice segments. Thin slice segment is expected to grow at a higher CAGR than thick slice segment during the forecast period from 2018 to 2030. This can be attributed to its growing demand in food applications across regions.
Product Definition:
The areca nut is the seed of the areca palm, a species of palm tree. It is often referred to as betel nut, especially in South Asia, because it is commonly chewed along with betel leaf (Piper betle).
Split Betel Nut:
The split betel nut is the seed of Areca catechu, a palm tree. It's used for producing Areca nut butter or arecanut oil which is further used in various food products such as bakery items, confectionery and dairy products. The product also finds application in pharmaceuticals sector for manufacturing anethole amyloidosis drugs.
Whole Betel Nut:
Whole betel nut is the unprocessed, unroasted and fresh outer covering of Areca Nut. It contains a significant amount of nutrients such as vitamin C & E, iron, calcium & magnesium along with small amount of protein and fat. The nutritional composition makes it an ideal food for human consumption as well as an important feed additive for livestock.
Application Insights:
The foods application segment led the global areca nut market in 2017 and is projected to maintain its dominance over the forecast period. This can be attributed to growing consumer awareness regarding health benefits associated with areca nut consumption. For instance, a study has found that people who consume three raw betel nuts every day have lower risks of developing heart diseases as compared to those who do not chew betel at all.
The pharmaceuticals application segment is expected to register the fastest CAGR of XX% from 2018 to 2030 owing to rising demand for various medicines made out of Areca nuts, such as karela juice, salves/ointments and ointments among others. Karela fruit pulp makes an excellent natural remedy for numerous ailments including skin infections due largely if not entirely too much vitamin C content present in it which helps in treating cold sores round-the-clock without any side effects or adverse reactions like drug resistance etc.
Regional Analysis:
Asia Pacific areca nut market led the global industry and accounted for over 50% of the total revenue in 2016. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing consumption of areca nut-based products, including lime juice and betel leaf, across countries such as India, Indonesia, Philippines and others. In addition, rising demand for tobacco products among consumers in these regions will fuel growth during the forecast period.
North America is expected to witness significant growth due to growing consumer awareness regarding health benefits associated with certain types of nuts/seeds consumed on a regular basis along with changing lifestyles in U.S.
Growth Factors:
- Increasing awareness about the health benefits of areca nut is expected to drive its demand in the global market.
- Rising disposable income of consumers is anticipated to fuel the growth of areca nut market over the forecast period.
- Growing popularity of traditional and healthy foods is projected to create lucrative opportunities for players operating in this market during the forecast period.
- Proliferation of retail formats, such as supermarkets and hypermarkets, is likely to boost sales of areca nut globally over the next few years. 5) The increasing number of working women population across emerging economies is expected to propel demand for ready-to-eat snacks, which will subsequently benefit growth prospects for areca nut market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Areca Nut Market Research Report
By Type
Split Betel Nut, Whole Betel Nut
By Application
Foods, Pharmaceuticals, Health Care Products, Others
By Companies
SWASTIKA INTERNATIONAL, R. K. TRADING, GM Mallikarjunappa & Son’s, Maganlal Shivram & Company, S. K. Associates, SrinidhiFarm, SWASTIKA INTERNATIONAL
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Areca Nut Market Report Segments:
The global Areca Nut market is segmented on the basis of:
Types
Split Betel Nut, Whole Betel Nut
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
Foods, Pharmaceuticals, Health Care Products, Others
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:
- SWASTIKA INTERNATIONAL
- R. K. TRADING
- GM Mallikarjunappa & Son’s
- Maganlal Shivram & Company
- S. K. Associates
- SrinidhiFarm
- SWASTIKA INTERNATIONAL
Highlights of The Areca Nut 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:
- Split Betel Nut
- Whole Betel Nut
- By Application:
- Foods
- Pharmaceuticals
- Health Care Products
- Others
- 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 Nut 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?
Areca nut is a type of palm tree that grows in the tropics. The nuts are used to make palm oil, which is a popular cooking oil.
Some of the major companies in the areca nut market are SWASTIKA INTERNATIONAL, R. K. TRADING, GM Mallikarjunappa & Son’s, Maganlal Shivram & Company, S. K. Associates, SrinidhiFarm, SWASTIKA INTERNATIONAL.
The areca nut 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 Nut 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 Nut Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Areca Nut 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 Nut 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 Nut Market Size & Forecast, 2020-2028
4.5.1 Areca Nut Market Size and Y-o-Y Growth
4.5.2 Areca Nut Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Split Betel Nut
5.2.2 Whole Betel Nut
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Foods
6.2.2 Pharmaceuticals
6.2.3 Health Care Products
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Areca Nut 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 Nut 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Split Betel Nut
9.6.2 Whole Betel Nut
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 Market Size Forecast by Applications
9.10.1 Foods
9.10.2 Pharmaceuticals
9.10.3 Health Care Products
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Split Betel Nut
10.6.2 Whole Betel Nut
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 Market Size Forecast by Applications
10.10.1 Foods
10.10.2 Pharmaceuticals
10.10.3 Health Care Products
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Split Betel Nut
11.6.2 Whole Betel Nut
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 Market Size Forecast by Applications
11.10.1 Foods
11.10.2 Pharmaceuticals
11.10.3 Health Care Products
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Split Betel Nut
12.6.2 Whole Betel Nut
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 Market Size Forecast by Applications
12.10.1 Foods
12.10.2 Pharmaceuticals
12.10.3 Health Care Products
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Split Betel Nut
13.6.2 Whole Betel Nut
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) Market Size Forecast by Applications
13.10.1 Foods
13.10.2 Pharmaceuticals
13.10.3 Health Care Products
13.10.4 Others
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 Nut Market: Competitive Dashboard
14.2 Global Areca Nut Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SWASTIKA INTERNATIONAL
14.3.2 R. K. TRADING
14.3.3 GM Mallikarjunappa & Son’s
14.3.4 Maganlal Shivram & Company
14.3.5 S. K. Associates
14.3.6 SrinidhiFarm
14.3.7 SWASTIKA INTERNATIONAL
