Areca Nuts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Areca Nuts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : November, 2021 | Food and Beverages

Report Digest


Global Areca Nuts Market: Overview       

The global areca nuts market is likely to witness turbulence in its growth trajectory in the coming few years. Unlike, last few years the coming years are not going to be cakewalk for the players operating in the areca nuts market.

Some of the factors which are expected to support growth in the areca nuts market are increasing application scope of areca nut, prevalence of clean labeling, awareness of the medicinal values of areca, and growing prominence of the online platform.

TMR Research has added a new report on areca nuts market in its ever growing repository. The report is expected to offer a thorough analysis of drivers, restraints, challenges and opportunities present in the market. This report is crucial for those associated with the areca nuts market directly or indirectly.

Global Areca Nuts Market: Notable Developments

Some of the notable developments in the global areca nuts market are –

The average height of areca plant is around 80 to 100 feet and often areca plant suffers from fruit disease. Due to this disease, a major portion of areca plants are destroyed, this was restraining growth in the areca nuts market. To over this situation, farmers take spray copper sulphate solution over the crops to prevent them decaying. Due to height of the tree it was getting difficult for farmers to spray solution over the crops. To address these problems, governments have launched two innovative prototypes in March 2018, a tractor with a mounted sprayer and a drone.  The increasing support from government and technological innovations is expected to widen the growth prospects in the areca nuts market by improving quality and production level of areca nuts. 

Global Areca Nuts Market: Key Trends 

Areca nut is a palm tree fruit majorly found in South East Asia. Areca nuts have several medicinal benefits and it is also chewed with betel leaf. Other than this, it is considered as an auspicious fruit by people is several regions.  

Areca nuts is also used for manufacturing of tabaco by several industry players. This is expected to increase demand for areca nuts in the coming few years.

However, there are several factors which are expected to hinder growth in the areca nuts market. Some of them are price volatility of areca nuts, stringent government regulations over the consumption of tobacco and rising cases of month cancer due to consumption of areca nuts.  addition to this, the farming of areca nuts is majorly depending on rain. Any short of change in amount of rainfall could ruin entire farming of areca nuts. In years 2018, a major cyclone hit South East Asia Pacific region, this had an adverse impact on areca nuts farming.

A huge gap in supply and demand of areca nuts has increased number cases of areca nuts alteration. Several players have started selling artificial and chemical made areca nuts in order to take advantage of commodity shortage. This is a major factor expected to hinder growth in the global areca nuts market.

However, emergence of advance farming techniques and equipment and rise in land field for areca nuts farming are the two factors likely to offer a significant boost to the areca nuts market.

Global Areca Nuts Market: Regional Outlook

The global areca nuts market is divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.  Among all these region, Asia Pacific is expected to hold maximum share in the coming few years.  This is majorly due to significant rise in in production levels of areca nuts in the region and increasing consumption of areca  in  the counties such as India, Bangladesh, China, and Sri Lanka.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?