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Global Areca Nut Market Size, Share, Growth, Forecast: By Type: Red, White; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key indicators for Demand, Key indicators for Price; Value Chain Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2018-2028
Areca Nut Market Outlook
The global areca nut market size is expected to grow at a CAGR of 4.50% during the forecast period of 2023-2028, due to the growing usage of areca nuts in betel leaves with different flavours and increasing awareness about the health benefits offered by areca nuts.
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Key Trends in the Market
Areca nut is munched alone or in the form of quids, which is a mixture of tobacco, powdered or sliced areca nut, and slaked lime wrapped in the leaf of betel vine. Areca is a plant, and the nut is used to make medicines. It is utilised for the treatment of a mental disorder known as schizophrenia, and for the treatment of an eye disorder called glaucoma, as a mild stimulant and as a digestive aid.
- With the high consumption of paan across various regions, especially in India, the growth of the areca nut market is expected to propel over the coming years.
- Areca nut is widely used in medications and diets to target various ailments, including anaemia. The consumption of areca nuts also helps in the treatment of stomach, worms such as roundworms and tapeworms. This is further expected to drive the market growth of areca nut.
- Areca nuts are utilised in different forms, including dried, fresh, boiled, baked, cured, and roasted, which is likely to gain traction among consumers in the market over the upcoming years.
Areca Nut Market Analysis
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Based on the type, the market can be segmented into red and white. The regional markets for areca nut market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the arecanut companies, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- PT Ruby Privatindo
- PT Swastika International
- The CAMPCO Ltd.
- Others
Market Share by Type
Based on types, areca nuts are accessible in two variations in the market, that is, white and red. Red arecanut is produced from green areca nuts. Red arecanuts are produced in the Malnad region in Karnataka. It is made after harvesting tender nuts, along with de-husking and boiling them in massive copper vessels. To enhance the colour and quality, teak tree bark, lime, and betel leaf are added.
Prior to marketing, they are graded and sun-dried. The demand for red areca nuts is expected to add to the market growth across the globe. Moreover, white areca nut is produced from mature nuts. It is prepared by harvesting a fully mature areca nut and drying it under for two months.
Market Share by Region
The Asia Pacific region is expected to augment the areca nut market growth on account of the increasing consumption of nuts in both emerging and developed economies of the region. India significantly contributes to the growth of the market due to the high consumption and production of areca nuts across in the region.
Areca nuts are also used for the preparation of ayurvedic and traditional Chinese medicines in India and China. This is further expected to propel the market demand for areca nut in the Asia Pacific region during the forecast period.
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Competitive Landscape
PT Ruby Privatindo is the leading supplier of agricultural and food commodities based in Indonesia. The company was established in 1998 and provides bulk quantities of commodities to buyers across the world at extremely competitive worldwide prices. It is a prominent exporter and manufacturer of top-class Indonesian commodities and fresh supply to key buyers across the globe.
PT Swastika International is a company based in Indonesia which was established in 2011. The company emphasises on the processing and export of agro commodities, forests, and allied products. Its field of business is vast.
The CAMPCO Ltd. also known as The Central Arecanut and Cocoa Marketing and Processing Co-operative Limited, was established in 1973. It is one of the leading Cooperative institutions in Indonesia. This was a response to the sufferings of areca nut and cocoa growers in the states of Kerala and Karnataka. The company helped in uplifting the areca nut market in these regions.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Areca Nut Market Analysis
8.1 Key Industry Highlights
8.2 Global Areca Nut Historical Market (2018-2022)
8.3 Global Areca Nut Market Forecast (2023-2028)
8.4 Global Areca Nut Market by Type
8.4.1 Red
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 White
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Areca Nut Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
9 North America Areca Nut Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Areca Nut Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Areca Nut Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Areca Nut Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Areca Nut Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key indicators for Demand
14.4 Key indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 PT Ruby Privatindo
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 PT Swastika International
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 The CAMPCO Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Areca Nut Market: Key Industry Highlights, 2018 and 2028
2. Global Areca Nut Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Areca Nut Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Areca Nut Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Areca Nut Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Areca Nut Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Areca Nut Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Areca Nut Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Areca Nut Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Areca Nut Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Areca Nut Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Areca Nut Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Areca Nut Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Areca Nut Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Areca Nut Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Areca Nut Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 4.50% during the forecast period of 2023-2028.
The major market drivers for the market include the increasing demand for paan and the growing usage of areca nut in traditional customs.
The key market trends include the growing usage of areca nuts in betel leaves with different flavours.
The various types of areca nuts include red and white.
The major players in the market are PT Ruby Privatindo, PT Swastika International, and The CAMPCO Ltd., among others.
Areca is used as a mild stimulant, a digestive aid, and a treatment for the eye condition glaucoma and schizophrenia.
Karnataka is famous for the production of areca nut.
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