Market Research Report
Areca Nuts Market in APAC 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||785638|
|Published||Content info||103 Pages
Delivery time: 1-2 business days
|Areca Nuts Market in APAC 2019-2023|
|Published: December 21, 2018||Content info: 103 Pages||
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. Technavio's analysts have predicted that the Areca nuts market in APAC will register a CAGR of over 4% by 2023.
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.
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.'