Areca Nuts Market Size | Application | Region | Growth Forecast [ 2021-2031]


Posted July 26, 2022 by DigiTalk

The global areca nuts market is likely to witness turbulence in its growth trajectory in the coming few years.

 
Areca nuts are gaining traction as garden crops. These nuts are available in two colors, namely, red and white. In recent years, there is surge in scientific farming of these crops on larger scales in non-conventional areas. Areca nuts are utilized for a wide range of purposes. They are used as an additive to betel leaf in the preparation of paan, which is extensively consumed across several Asian regions, particularly in India. Increased product use in paan is projected to fuel demand avenues in the areca nuts market in the forthcoming years.

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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.

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.

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Issued By Aparna
Country United States
Categories Advertising
Tags areca nuts
Last Updated July 26, 2022