(Entertainment-NewsWire.com, November 30, 2017 ) 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.
Market Segmentation Volume • Introduction • Imports • Exports • Y-o-Y Growth Analysis, By Volume • Market Attractiveness Analysis, By Volume • Market Share Analysis, By Volume Distribution Channel • Introduction • Supermarkets and Hypermarkets • Convenience Stores • Others • Y-o-Y Growth Analysis, By Distribution Channel • Market Attractiveness Analysis, By Distribution Channel • Market Share Analysis, By Distribution Channel
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.
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