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Areca Nuts Market Share

Report ID: GMI7179
Published Date: Oct 2023
Report Format: PDF

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Areca Nuts Market Share

Mangalam Group produces a wide range of Areca Nuts products, including scented supari, tannin, and pan masala. The company also exports Areca Nuts to over 50 countries around the world. The company is based in Mangalore, India, and has been in the Areca Nuts business for over 50 years.

Some of the major market players operating in the areca nuts industry are:

Mangalam Group
Godrej Agrovet Limited
Vimal Agro Products Limited
Ashapura Agrocomm Private Limited
KRBL Limited
Somnath Traders
Saaha Agro Industries Private Limited

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of areca nuts was worth USD 11 billion in 2022 and is estimated to record USD 12.4 billion by 2032, due to the rising introduction of innovative products, such as flavored or scented supari, pharmaceuticals, and value-added products.

Red areca nuts crossed USD 6.6 billion in 2022 and will witness expansion through 2032, owing to their traditional and cultural significance, particularly in India and Southeast Asia.

The pan and pan masala products application segment held substantial share of the areca nuts market in 2022 and is anticipated to grow through 2032, due to growing popularity to offer stimulating and refreshing qualities.

Asia Pacific market for areca nuts was valued at USD 9.9 billion in 2022 and is anticipated to expand at significant pace from 2023 to 2032, due to the presence of deep cultural and traditional roots in India, Indonesia, Malaysia, and Bangladesh.