Areca Nuts Market Rising Trends, Huge Demand and Business Strategies

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2. Areca Nuts Market : Overview • 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 gaining traction owing to their various medicinal uses. For instance, areca nut is popularly utilized for curing different intestinal issues. Consuming powdered areca nuts can help in removing intestinal parasites. Apart from this, these nuts are widely consumed to remove tapeworms. On the back of all these medicinal applications, the areca nuts market is expected to experience extensive growth opportunities in the years ahead. www.tmrresearch.com

3. Areca Nuts Market : • Notable Developments • 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. www.tmrresearch.com

4. 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. www.tmrresearch.com

5. Areca Nuts Market : Segmentation • 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. www.tmrresearch.com

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