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Areca Nuts Market in APAC 2019-2023

Areca Nuts Market in APAC 2019-2023

About this market

Areca nuts have found widescale application as an alternative constituent in various industries. This is one of the major reasons behind the growth in demand and popularity of areca nuts in APAC. Areca nuts are used as a major ingredient in the preparation of products such as tea. Furthermore, the product has become widely popular in India and is even exported to countries like Russia, the UK, and Australia. Furthermore, in November 2017, Arecatea announced to launch a range of organic cosmetic products containing areca nuts as a major ingredient in the Indian market. Technavio’s analysts have predicted that the Areca nuts market in APAC will register a CAGR of over 4% by 2023.

Market Overview

Medicinal values od areca nuts

The inclusion of areca nuts in the preparation of ayurvedic medicines has been the major factor propelling their demand and popularity in APAC, especially in India and Sri Lanka. The chemical constituents in areca nuts are gallic acid, tannin, a fixed oil gum, a little terpineol, lignin, various salir substances, and three main alkaloids, namely, Arecoline. Arecain and Guacine, which have vasoconstriction properties.

Side effects of areca nuts

Areca nuts are widely chewed along with betel quid in most parts of rural India, Bangladesh, Sri Lanka, Myanmar, Vietnam, and Thailand. Areca nuts, however, can cause various side effects when taken in high doses.

For the detailed list of factors that will drive and challenge the growth of the areca nuts market in APAC during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Areca Nuts Market in APAC 2019-2023

Technavio recognizes the following companies as the key players in the areca nuts market in APAC: GM Group, SHRI GANESH PRASAD TRADERS, SHRI GIRRAJ SUPARI TRADERS, THE CAMPCO, VIET DELTA.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the prevalence of clean labeling and fair- trade practice.”

According to the report, one of the major drivers for this market is the growing production area and volumes of areca nuts in APAC.

Further, the report states that one of the major factors hindering the growth of this market is the heavy consumption of areca nuts increases fluid secretion in the lung.

Companies Mentioned

GM Group

SHRI GANESH PRASAD TRADERS

SHRI GIRRAJ SUPARI TRADERS

THE CAMPCO

and VIET DELTA

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global packaged food market
      • Table Segments of global packaged food market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Areca nuts market in APAC: Size and forecast 2018-2023 ($ millions)
      • Table Areca nuts market in APAC: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Red areca nuts - Market size and forecast 2018-2023
      • Table Red areca nuts - Market size and forecast 2018-2023 ($ millions)
      • Table Red areca nuts - Year-over-year growth 2019-2023 (%)
    • White areca nuts - Market size and forecast 2018-2023
      • Table White areca nuts - Market size and forecast 2018-2023 ($ millions)
      • Table White areca nuts - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Areca nuts market in India - Market size and forecast 2018- 2023
      • Table Areca nuts market in India - Market size and forecast 2018-2023 ($ millions)
      • Table Areca nuts market in India - Year-over-year growth 2019-2023 (%)
    • Areca nuts market in China - Market size and forecast 2018- 2023
      • Table Areca nuts market in China - Market size and forecast 2018-2023 ($ millions)
      • Table Areca nuts market in China - Year-over-year growth 2019-2023 (%)
    • Areca nuts market in Taiwan - Market size and forecast 2018-2023
      • Table Areca nuts market in Taiwan - Market size and forecast 2018-2023 ($ millions)
      • Table Areca nuts market in Taiwan - Year-over-year growth 2019-2023 (%)
    • Areca nuts market in Bangladesh - Market size and forecast 2018-2023
      • Table Areca nuts market in Bangladesh - Market size and forecast 2018-2023 ($ millions)
      • Table Areca nuts market in Bangladesh - Year-over-year growth 2019-2023 (%)
    • Areca nuts market in the Rest of APAC - Market size and forecast 2018-2023
      • Table Areca nuts market in the Rest of APAC - Market size and forecast 2018-2023 ($ millions)
      • Table Areca nuts market in the Rest of APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Technological advances in areca nuts production
    • Prevalence of clean labeling and fair-trade practices
    • Growing prominence of online platform
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • GM Group
      • Table GM Group - Vendor overview
      • Table GM Group - Key offerings
    • SHRI GANESH PRASAD TRADERS
      • Table SHRI GANESH PRASAD TRADERS - Vendor overview
      • Table SHRI GANESH PRASAD TRADERS - Business segments
      • Table SHRI GANESH PRASAD TRADERS - Key offerings
    • SHRI GIRRAJ SUPARI TRADERS
      • Table SHRI GIRRAJ SUPARI TRADERS - Vendor overview
      • Table SHRI GIRRAJ SUPARI TRADERS - Key offerings
    • THE CAMPCO
      • Table THE CAMPCO - Vendor overview
      • Table THE CAMPCO - Product segments
      • Table THE CAMPCO - Segment focus
      • Table THE CAMPCO - Key offerings
    • VIET DELTA
      • Table VIET DELTA - Vendor overview
      • Table VIET DELTA - Business segments
      • Table VIET DELTA - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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