Emerging Opportunities in C-Arms Devices Market with Current Trends Analysis
Added: (Wed Dec 26 2018)
Areca Nut Market Overview: Areca nut is the fruit produced from the palm trees of South East Asia. Although, the production of areca nut is dependent on the geographic and climatic conditions of the region. Thus, the price fluctuations are majorly dependent on the production of the areca nut. The areca nuts are consumed not only for chewing with betel leaf, but also for various rituals in South East Asia Pacific countries. India is the largest consumer and producer of areca nut in the world. As high consumption of areca nut causes severe health problems, the market for areca nut has attained maturity in the global market.
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Areca Nut Market Dynamics:/p>
Areca nut is majorly influenced by weather conditions in the production rea, government policies, the growth of consumer industries, government olicies for consumer industries and a few others. The regular consumption of reca nut causes severe diseases such as throat cancer and mouth cancer. ue o a significant number of people affected by the consumption of areca nut, he ndian and several governments have posed various regulations over the reca ut production and consumer industries. This fact has restrained the market for reca nut. Also, the increasing awareness among people regarding healthy life tyle and severe effects of areca nut have resulted into a barrier for areca nut arket. As the pre-bearing age of the palm trees is between 5 to 8 years, and nly 5% of them result into seed set, the cultivation of areca nut consumes a ot f time. The time required for cultivation of areca nut and required nvironmental conditions such as minimum 70% humidity restrains the market t the supplier end.
Areca Nut Market Segmentation:/p>
The areca nut market can be segmented on the basis of reca ut processing as
- Chali (ripe sun-dried nuts) li>Red boiled tender or mature nuts)
The areca nut market can be segmented on he basis of various regional varieties of the areca nut as
- Indian arieties
- South Kanaka (South Kanara, Karnataka)
- Thirthahali Maland, Karnataka)
- Rotha (Costal Maharastra)
- Mettupalayam Mettupalayam, Tamil Nadu)
- Kahikuchi (North East India)
- Mohitnagar (West Bengal) /ul>
- Non-Indian varieties
- Mangala (China)
- Sumangala (Indonesia)
- Sree Mangala Singapore)
Areca Nut Market egional Outlook:
The Asia Pacific is the largest market of reca nuts in the world, with more than 90% of the global market share. India s he largest producer, as well as consumer of areca nut. India is responsible for ore than half of the global production of areca nut and still imports various erities from other countries in large volume.
The major export estinations of India includes several Asia Pacific countries, along with a small hare of U.A.E., U.S. and U.K. Due to relaxation offered by the Indian vernment on the import duty, the import of areca nut from Bangladesh has rown to around three times. India, Bangladesh, Indonesia, Thailand, Sri anka nd Myanmar, all together are responsible for serving the almost complete emand for areca nut. The Asia Pacific market of areca nut is well established, hile several government regulations and awareness among people have esulted in the maturity of the market. MEA region, especially Sub-Saharan frica provides a small market to the areca nuts. All the facts and figures tated bove indicate a concentrated market of areca nut in South East Asia Pacific ountries, while a weak market in other regions of the globe.
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Areca Nut arket Key Players:
Some of the key players in the areca nut arket are
- GM group
- Surya Exim
- K. TRADING
- Biotan Pharma
- Shri Ganesh Prasad Traders
- Marlene raders Co., Ltd.
- Viet D.E.L.T.A Industrial Co., Ltd