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The APAC - Areca Nuts Market size is forecast to increase by USD 3.94 billion, at a CAGR of 6.59% between 2023 and 2028.
White areca nuts, also known as chali or ripe sun-dried nuts, are prominently cultivated and consumed in the southern regions of India, Bangladesh, Sri Lanka, and Myanmar. These nuts play a vital role in scented supari preparation and are often wrapped in betel leaves with other ingredients in the popular product, paan. The increasing consumption of paan among Indian consumers, coupled with the robust production of white areca nuts in the Asia-Pacific (APAC) region, are significant drivers fueling the growth of the white areca nuts market in APAC. Aikam Enterprises specializes in offering these betel nuts, sourced from tropical regions across the Pacific, Asia, and parts of East Africa.
The market shows an accelerated CAGR during the forecast period.
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One of the key factors driving the market growth is the convenience of consuming areca nuts. Developing nations are transitioning toward urbanization. In addition, urbanization indicates a rise in the per capita annual household disposable income of consumers. Furthermore, the lifestyle and dietary habits of consumers have considerably changed over the last two decades.
Moreover, their fast-paced lifestyle has made it difficult for them to find time to prepare food from scratch. Therefore, they are looking for convenient, healthy food products that fulfill their daily nutrition requirements, are easy to eat, and can be consumed on the go. Furthermore, as areca nuts are convenient to consume and have high nutrition content, they are fast becoming the food of choice for busy people who want healthy snacking options that are convenient and filling. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the market growth is the prevalence of clean labeling and fair-trade practices. Clean labels are the major trend in the global food and beverages market, including APAC. For instance, the areca nuts market in India is undergoing a paradigm shift in how they are processed and harvested. Furthermore, consumers prefer recognizable and ethically sourced ingredients.
Moreover, small and large-scale producers of areca nuts in countries like India are increasingly adopting fair trade practices. For instance, even before the establishment of a regulated marketing framework, a significant improvement was observed in trade practices among private traders and commission agents. This is mainly due to the high ethical standards and fair-trade practices being adopted by the TSS SIRSI in Karnataka, India. Hence, such factors are driving the market growth during the forecast period.
Problems in the production and processing of areca nuts are one of the key challenges hindering market growth. One main issue is the susceptibility of areca palm plantations to various pests and diseases, resulting in a decline in nut quality and yield. In addition, farmers often struggle to implement effective pest control measures due to limited access to resources and knowledge, resulting in compromised production.
Moreover, outdated processing techniques contribute to the deterioration of areca nut quality. In addition, traditional methods are time-consuming and lack efficiency, leading to increased post-harvest losses. Furthermore, the absence of modern processing technologies hampers the production of high-quality areca nuts that meet international standards, limiting market competitiveness. Hence, such factors are hindering the market growth during the forecast period.
The availability of diverse whole areca nut segment types will increase the market growth. In the Asia-Pacific (APAC) areca nuts market, whole areca nuts are available in several types, distinguished by their maturity, processing techniques, and regional preferences. In addition, mature areca nuts, recognized by their rich reddish-brown hue and firm shell, are favored for their robust flavor and higher tannin content. Moreover, raw areca nuts, harvested at maturity, possess a softer shell with a greenish tint and are often utilized for immediate consumption or further processing. In addition, processed variants undergo diverse treatments such as sun-drying, curing, or flavor coatings, aiming to enhance taste, reduce bitterness, or tailor them for specific uses. In addition, these processed areca nuts can be dried, roasted, or infused with flavors such as spices or sugar to cater to diverse tastes. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The red areca nuts segment is estimated to witness significant growth during the forecast period. The red areca nuts segment is also referred to as tender or matured areca nuts, which are predominantly manufactured and consumed in the northern states of India, Taiwan, and China. In addition, the red variety of areca nuts is usually more expensive than the white variety as its processing cost is higher than that of the white variety.
The red areca nuts segment was the largest segment and was valued at USD 6.45 billion in 2018.
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Moreover, red areca nuts are predominantly used in the preparation of gutka (a chewing tobacco product made by crushing areca nuts, paraffin wax, catechu, and savory flavors), a product that is widely consumed in the Northern states of India. Furthermore, mouth fresheners made from the crushing of tender areca nuts are popular among Chinese consumers. In addition, the growing production levels of red areca nuts in Indian districts such as Shimoga, Chikmagalur, and Ernakulam and the Chinese province of Hunan and the growth in the number of organized retailing outlets are the major factors that are estimated to fuel the growth of the red areca nuts market in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
GM Group, Lanka Guardian Commodities, PT Boymaxwell Indojaya Grup Inc, PT Makmur Kusuma Lestari, PT Swastika International, PT. Raja Putra Manggala, PT. Ruby Privatindo, Sandstone International Co. Ltd., SHRI GANESH PRASAD TRADERS, SUN IMPEX INTERNATIONAL FOODS LLC, Sutraco Group, and The CAMPCO Ltd.
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The research report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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APAC Areca Nuts Market Scope |
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Report Coverage |
Details |
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Page number |
139 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.59% |
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Market Growth 2024-2028 |
USD 3.94 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.97 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aikam Enterprises, CV. RASDI and CO., Elias Export Import Ltd., GM Group, Lanka Guardian Commodities, PT Boymaxwell Indojaya Grup Inc, PT Makmur Kusuma Lestari, PT Swastika International, PT. Raja Putra Manggala, PT. Ruby Privatindo, Sandstone International Co. Ltd., SHRI GANESH PRASAD TRADERS, SUN IMPEX INTERNATIONAL FOODS LLC, Sutraco Group, and The CAMPCO Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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