The Middle East and Africa Areca Nuts Market was worth USD XX million in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX million 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.
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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.
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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 Middle East and Africa Areca Nuts market is 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
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- Y-o-Y Growth Analysis, By Distribution Channel
- Market Attractiveness Analysis, By Distribution Channel
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The market has been geographically segmented into Middle East and Africa. The market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy.
However, rising demand among the populace with dispensable incomes and the anticipated growth of demand, are set to help the growth of the market.
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The major players operating in the Middle East and Africa 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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