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Areca Nuts Market in APAC 2019-2023
SKU ID : TNV-14770507 | Publishing Date : 21-Dec-2018 | No. of pages : 103
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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. analysts have predicted that the Areca nuts market in APAC will register a CAGR of over 4% by 2023.
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.
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.’
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. 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.’
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
