Global Areca Nut Market - 2021-2028
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Areca catechu (betel nut), also called an areca nut seed, is chewed as a drug masticatory by 5% of the world's population; it is more common than chewing gum. The use of betel nut is often socially or culturally ritualized and elegant functions are used in several Asian and Pacific religions. Areca nut chewing is adopted in Western practices that determine the red saliva and blackened teeth from regular use to be esthetically disgusting. It is chewed alone or in the form of quids, powdered or sliced areca nut, a mixture of tobacco and slaked lime covered in a leaf of betel vine (Piper betel). Areca is a plant that is also utilized to make medicines for mental disorders and glaucoma.
In 2019, India was the largest producer of areca nut followed by Bangladesh, Thailand, Indonesia and Sri Lanka; all belong to Asia region. As per Faostat, India alone produces over 70% of Areca nuts produced globally and hence the consumption is also largest in the country. The global areca nut market valued USD XX million in 2020 and is estimated to reach USD XX million by 2028, growing at a CAGR of XX%.
Areca nuts are used as a mouth freshener, which increased its demand
Areca is utilized to treat a psychic or mental disorder called schizophrenia and an eye disorder called glaucoma; as a mild drug; and a digestive aid. Areca is also used as a recreational drug because it promotes the central nervous system (CNS). In veterinary medication, an essence of areca is utilized to expel tapeworms in cows, horses and dogs, empty animals' bowels and treat abdominal colic in animals.
It is sour, spicy, bitter, sweet, astringent and salty in taste. It used to dismiss wind, remove phlegm, kill worms, subdue bad odors, induce purification, beautify the mouth and kindle passion. Because of its central nervous system (CNS) strengthening impacts, areca nut is utilized as the caffeine or western tobacco use. Arecoline is accountable for unusual effects of areca quid chewing, such as readiness, improved stamina, a sense of well-being, salivation and happiness. Chewing the nut excites the flow of saliva to aid digestion and stimulates the appetite, increasing the demand for areca nut.
Increasing demand for pan masala and betel quid boost the demand for scented areca nuts
Scented areca nut (supari) is a scented soft bitternut known for its fresh & cool flavor and taste. It tastes like a sweet pan; the betel (piper betel) is the plant's leaf relating to the Piperaceae family, including kava and pepper. It is considered a gentle stimulant and for its medicinal qualities. Natives in various countries have used areca nut chewing for old times. Its demand comes from a commercial level because pan masala and chewing tobacco manufacturers utilize areca nut as a raw material for manufacturing various chewing substances such as pan masala, supari, and sweet-scented areca nut. People chew areca nut and chewing tobacco for stress reduction, heightened awareness and others. It is used to refresh the mouth and breathes with its essence.
Scented nuts are consuming by all age groups of people. From ancient times scented areca nuts are served after meals to remove bad odors from mouth; the trend for serving scented areca nuts is continued. Hotels, restaurants, cafes serve scented areca nuts after meals for refreshing the mouth.
Asia-Pacific region is largest producer and consumer of areca nuts
Asia-Pacific dominates areca nut market due to largest consumption of areca in India, Pakistan and other countries. Areca nuts are largely used in producing pan, pan masala, and chewing tobacco, mostly consumed by Asia-Pacific region. The fast growth of population and growing demand for chewing tobacco boost the demand for areca nuts in the region.
A large population is consuming chewing tobacco as its beneficial effects such as mouth freshener, germ-killing, aid in digestion, mood enhancer, oral cleaners and tension relievers. Chewing tobacco is a product of crushed areca nut, tobacco, lime, flavoring agent catechu. Electronic and media publicity and too much marketing of chewing tobacco in low-cost sachets and small eye-catching have hugely magnified the products' sales area nuts, increasing demand.
Wide usage of areca nut in chewing tobacco and pan masala made the market competitive
The global areca nut market is highly fragmented with many players. GM Group, Rubyndo., SWASTIKA INTERNATIONAL, THE CAMPCO LTD., Sri Vinayaka Betelnut Traders, R.K. TRADING, Biotan Pharma, Marlene Traders Co., Ltd., Viet D.E.L.T.A Industrial Co., Ltd, Shri Ganesh Prasad Traders, Maganlal Shivram & Company and SrinidhiFarm are some of the leading companies operating in the market
In August 2018, BABA NAURATAN launched its first pan masala
Due to staying at home, people increased the consumption of chewing tobacco and betel quids, which boost the demand for areca nuts
In the pre-COVID scenario, demand for the areca nut largely comes from chewing tobacco manufacturers, pan masala, betel quids, and scented supari. People were used to consuming it regularly, but in office timings, the working class avoided chewing tobacco since it is not allowed in almost all companies.
During pandemic, only pan shops were closed due to lockdown, which decreased its demand from the commercial level. But people stayed at home and worked from home for months, consuming chewing tobacco, areca nut in office started consuming it at home even during office hours, which increased the demand for areca nut during pandemic.
In post-COVID scenario, demand for areca will increase because people are habitual of areca nut and during unlocking tobacco shops, betel quid shops remain open, which is expected to increase the demand for areca nut in future.
Understand the current market scenario and viability of global areca nut over the forecast period
Visualize the composition of the global areca nut market in terms of type, product and end-user to identify major players, growth potential, and market strategies
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PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global areca nut market - Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global areca nut market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages
Areca Nut Manufacturers
Chewing Tobacco Manufacturers
Import and Export Companies
Industry Investors/Investment Bankers
Education & Research Institutes