Asia Pacific Areca Nuts Market By Volume (Imports, Exports), By Distribution Channel (hypermarkets And Supermarkets, Food And Drink Specialists, Convenience Stores, Others) And By Region
The Asia Pacific Areca Nuts Market was worth USD XX million in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2021. The Areca Nut is the seed of the areca palm, which grows in much of the tropical Pacific (Melanesia and Micronesia), Southeast and South Asia, and parts of east Africa.
This seed is commonly referred to as betel nut so it is easily confused with betel (Piper betle) leaves that are often used to wrap it (paan).
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Consumption has many harmful effects on health and is carcinogenic to humans.
Various compounds present in the nut, most importantly arecoline (the primary psychoactive ingredient which is similar to nicotine), contribute to histologic changes in the oral mucosa. As with chewing tobacco, its use is discouraged by preventive efforts.
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The growth of the Asia-Pacific Areca Nuts Market is mainly driven by the rising consumption and demand, in the developing and developed regions of the world. However, the widely noted harmful effects of the consumption of areca nuts, which lead to cancer act as a major restraint on the growth of the market.
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- Y-o-Y Growth Analysis, By Volume
- Market Attractiveness Analysis, By Volume
- Market Share Analysis, By Volume
- Supermarkets and Hypermarkets
- Convenience Stores
- Y-o-Y Growth Analysis, By Distribution Channel
- Market Attractiveness Analysis, By Distribution Channel
- Market Share Analysis, By Distribution Channel
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is predicted to grow with the highest CAGR during the forecast period.
Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.
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The major players operating in the Global Areca Nuts industry include Amafu Stock Trading Pty, Agro Komoditindo, Portpro Duct Co., Indo Aluvium Permata, Plamai Gabor Gyorgy, and Kuber Grains & Spices.
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