The seeds of the Areca palm (Areca catechu), which is widely grown in tropical areas like India, Bangladesh, Sri Lanka, and Southeast Asia, are used to make areca nuts, sometimes referred to as betel nuts. Due to their stimulant properties, they are usually chewed. This custom, which has strong cultural and social origins, is commonly wrapped in betel leaves with tobacco and slaked lime. Additionally, areca nuts are utilized in traditional medicine and religious rituals. Their use has been connected to health hazards, such as oral malignancies, despite their cultural and economic significance. Their societal acceptance and growing uses in food and medicine, however, continue to drive demand.

According to SPER market research, ‘Global Areca Nuts Market Size- By Type, By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Areca Nuts Market is predicted to reach 13.23 billion by 2034 with a CAGR of 1.45%.

Drivers:

Its rich cultural significance in South and Southeast Asia, where it plays a major role in ceremonies, festivals, and social rituals, greatly benefits the areca nut industry. Consumer demand has been driven by growing packaging innovations, such as handy snack bars and flavored supari, as well as rising disposable incomes. Its commercial potential is further increased by expanding uses in natural dentifrices, medicines, and functional foods. Yields and exports are increasing in key producing nations like Bangladesh, Indonesia, and India because of improvements in farming techniques and government assistance. These elements draw in investment, strengthening the areca nut industry's position internationally.

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Restraints:

Growing health concerns, especially the carcinogenic effects associated with arecoline intake, are impeding market expansion. It is classified as a Group 1 carcinogen by the International Agency for Research on Cancer, which has led to public health campaigns and regulatory prohibitions in several regions. Supply is further limited by environmental factors like climate sensitivity, which necessitates particular temperature ranges and rainfall, and declining farming regions. Other difficulties include changes in the cost of raw materials and competition from healthier snack options. All of these elements work together to restrict market expansion, particularly in markets with strict regulations and health concerns.

India dominates the areca nuts market due to its large-scale production, widespread cultural usage, and strong domestic and export demand. Some of the key market players are Ashapura Agrocomm, GM Group, Godrej Agrovet, KRBL, Mangalam Group and others.

For More Information, refer to below link: –  

Areca Nuts Market Growth

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