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Latin America Areca nut Market
The Latin America Areca Nuts Market was worth USD XX million in 2016 and estimated
to be growing at a CAGR of XX%, to reach USD XX billion by 2021. The Areca Nut is the
seed of the areca palm, which grows in much of the tropical Pacific (Melanesia and
Micronesia), Southeast and South Asia, and parts of east Africa. This seed is commonly
referred to as betel nut so it is easily confused with betel (Piper betle) leaves that are
often used to wrap it (paan).
Consumption has many harmful effects on health and is carcinogenic to humans.
Various compounds present in the nut, most importantly arecoline (the primary
psychoactive ingredient which is similar to nicotine), contribute to histologic changes in
the oral mucosa. As with chewing tobacco, its use is discouraged by preventive efforts.
The Latin America Areca Nuts market is driven by the rising consumption and demand,
in the developing and developed regions of the world. However, the widely noted
harmful effects of the consumption of areca nuts, which lead to cancer act as a major
restraint on the growth of the market.
The Latin America Areca Nuts market is segmented on the basis of volume, distribution
channel and by region. On the basis of volume, the market is categorised into imports
and exports. On the basis of distribution channel, the market is distributed among
hypermarkets and supermarkets, food and drink specialists, convenience stores and
others.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and
remaining countries of South America. The huge rise in spending in the Areca Nuts
market has increased the demand in the market. Brazil is one of the largest markets in
this region followed by Mexico, Argentina, and Columbia. The availability of large
customer base with rising disposable incomes is set to drive the market in the
foreseeable future.
The major players operating in the Latin America Areca Nuts industry include Amafu
Stock Trading Pty, Agro Komoditindo, Portpro Duct Co., Indo Aluvium Permata, Plamai
Gabor Gyorgy, and Kuber Grains & Spices.
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
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