Areca Nuts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Areca Nut Producing Countries and is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Includes the Production (Volume), Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), and Price Trend Analysis. The Report Offers the Market Size and Forecasts in Terms of Value (USD Million) and Volume (metric Ton) for all the Above Segments.

Areca Nuts Market Size

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Areca Nuts Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 0.92 Billion
Market Size (2029) USD 1.16 Billion
CAGR (2024 - 2029) 4.73 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
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Areca Nuts Market Analysis

The Areca Nuts Market size is estimated at USD 0.92 billion in 2024, and is expected to reach USD 1.16 billion by 2029, growing at a CAGR of 4.73% during the forecast period (2024-2029).

In Southeast Asia, the areca nut is a popular commercial fruit. They are available in two varieties in the market - red and white. White areca nut is made from mature nuts, while red areca nut is made from green areca nuts. Areca nuts contain polysaccharides, polyphenols, proteins, and fiber.

  • According to FAOSTAT, the major producers of areca nuts include India, Bangladesh, Myanmar, Indonesia, China, Taiwan, Sri Lanka, Thailand, and Nepal. Furthermore, the major importing countries of areca nuts are Thailand, Bangladesh, Vietnam, India, Singapore, and China. Indonesia, Thailand, Myanmar, Singapore, Sri Lanka, and India were some of the major exporters of areca nuts globally in 2021, as per a database published by ITC Trade map.
  • The ever-growing demand for areca products, such as pan, scented supari, and pan masala in countries like Sri Lanka, Nepal, the United Arab Emirates, Mexico, Thailand, and Singapore drives the growth of the areca nut market. The majority of areca nut production is likely to be concentrated in South Asia, especially India. Areca nut has severe limitations to growth which include being dependent on the weather conditions, growth of the consumer industries, and government rules for consumer industries. The consistent consumption of areca nut causes diseases that include oral and throat cancer.
  • Due to several people having been infected by the consumption of areca nut, the government of India and various other governments have posed various regulations over the areca nut production and consumer industries. Furthermore, the increasing awareness of health and fitness amongst people has raised concerns over areca nut consumption, thus, resulting in a major obstacle to growth.

Areca Nuts Market Trends

Increasing Imports from India

The demand for areca nuts is rising in India due to their usage in traditional customs and consumption in various forms. The usage of these nuts in betel leaves with different flavors is enhancing the market for areca nuts in the country. They are used in various forms, including fresh, dried, baked, boiled, roasted, and cured. Dehusked areca nuts are used in a raw or processed form, generally with tobacco. These are also majorly used in different industrially manufactured products, such as gutka and pan masala. These factors are further expected to increase the imports of India.

In 2021, the price of tender areca nuts reached an all-time high due to a sharp decline in production caused by various diseases affecting areca nut palms. Areca nut palms are susceptible to various diseases, such as fruit rot disease, bud rot, and yellow leaf disease due to the heavy rain. The shortage in the arrival of the commodity, owing to a decline in yield and the huge demand for the product in the market, especially in Karnataka, was the major reason for the sudden spurt in the price of the crop. Therefore, all these factors, coupled with reduced domestic production affected by diseases and the steadily growing demand, led to increased imports of the commodity.

Areca Nuts Market: Import Value in USD million, India, 2019-2021

Asia-Pacific Dominates the Market

The growth of the areca nuts market is mainly due to the rising consumption of nuts in both developed and developing countries of Asia-Pacific. The Asia-Pacific region holds about 90% of the market for areca nuts. India is the largest producer and the biggest consumer of areca nuts in the world. Almost all the demand for areca nuts is met by India, Bangladesh, Indonesia, Thailand, Sri Lanka, and Myanmar.

However, the per capita consumption of areca nuts is high in Myanmar, followed by Bangladesh, India, Indonesia, and China. The consumption is further expected to increase in the near future as the consumption of these nuts in different processed foods continues to increase.

Despite the danger to health, the betel-nut industry is booming. In the province, betel nuts are deeply ingrained into the cultural fabric. However, in 2021, China banned the promotion of betel nuts, the addictive seeds of areca palm trees, on television, radio, and online programs because of their cancer-causing risks.

Areca Nuts Market: Growth Rate, in %, Region, 2022-2027

Areca Nuts Market News

September 2022: The government allowed the import of 17,000 metric ton of green areca nut without minimum import price (MIP) condition from Bhutan every year through LCS Jaigaon (INJIGB), subject to a valid registration certificate issued by the Directorate General of Foreign Trade (DGFT). In 2017, the government imposed MIP at INR 251 per kg with an aim to safeguard domestic farmers.

May 2022: The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd urged the External Affairs Ministry to restrict the movement of areca nuts at Integrated Check Post (ICP) at Moreh in Manipur along the India-Myanmar border which has affected the domestic market resulting in great distress to farmers.

Areca Nuts Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain/Supply Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 Spain

        4. 5.1.2.4 Italy

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 India

        3. 5.1.3.3 Indonesia

        4. 5.1.3.4 Myanmar

      4. 5.1.4 South America

        1. 5.1.4.1 Chile

        2. 5.1.4.2 Brazil

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Areca Nuts Industry Segmentation

The areca nut is the seed of the areca palm, commonly known as the betel nut which grows in much of the tropical Pacific. Areca nut is produced from palm trees, majorly in Southeast Asian countries.

The Areca Nuts Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report includes the Production (Volume), Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), and Price Trend Analysis. The report offers the market size and forecasts in terms of value (USD million) and volume (metric ton) for all the above segments.

By Geography (Production Analysis by Volume, Consumption Analysis by Volume and Value, Import Analysis by Volume and Value, Export Analysis by Volume and Value, and Price Trend Analysis)
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Spain
Italy
Asia-Pacific
China
India
Indonesia
Myanmar
South America
Chile
Brazil
Africa
South Africa
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Areca Nuts Market Research FAQs

The Areca Nuts Market size is expected to reach USD 0.92 billion in 2024 and grow at a CAGR of 4.73% to reach USD 1.16 billion by 2029.

In 2024, the Areca Nuts Market size is expected to reach USD 0.92 billion.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Areca Nuts Market.

In 2023, the Areca Nuts Market size was estimated at USD 0.88 billion. The report covers the Areca Nuts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Areca Nuts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The ethical considerations for the Areca Nut Industry are a) Fair trade practices b) Responsible sourcing and addressing health concerns associated with consumption

Areca Nuts Industry Report

The Areca Nuts Market is experiencing steady growth, fueled by its cultural and traditional significance in Asia, alongside innovative offerings like flavored supari and pharmaceutical applications. Despite health concerns, especially with tobacco use, the market thrives with segments like red and white areca nuts, and scented supari gaining popularity for their enhanced flavors and aromas. Pan and pan masala products, integral to social and religious practices, also hold substantial market shares. The Asia Pacific region, led by India, stands as the largest market due to its deep cultural connections and significant consumer base. The future of the Areca Nuts Market lies in navigating health challenges, embracing product innovation, and tapping into global markets through online sales, as detailed in industry reports forecasting trends and growth opportunities. Statistics for the Areca Nuts market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Areca Nuts analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Areca Nuts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)