Areca Nuts Market Size

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.