The global areca nut demand market is anticipated to be valued at US$ 867.4 million in 2023, forecast to grow at a CAGR of 7.9%. The market is to be valued at US$ 1851.6 million from 2023 to 2033.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | US$ 867.4 million |
| Anticipated Forecast Value (2033) | US$ 1,851.6 million |
| Projected Growth Rate (2023-2033) | 7.9% CAGR |
Growth is attributed to increased demand for Areca nuts. It is an addictive substance, including its derivatives which include pan, pan masala, and supari, consumption in humongous quantities in the US amongst native Indians making a living there.
Areca nut is a fruit that grows in Palm trees, mainly concentrated in Southeast Asia. The areca nut is largely dependent on the climatic conditions prevailing in the region. The price variations depend on the availability of the fruit.
The fruit is elementarily consumed with betel leaf though it finds its way into many rituals in Southeast Asia Pacific. India is the largest producer and consumer of areca nut in the world.
The bulk of areca nut production is likely to be concentrated in South Asia, especially India. Areca nut has severe limitations to growth which include being dependent on the weather conditions, growth of the consumer industries, and government rules for consumer industries. The consistent consumption of areca nuts causes diseases that include throat and oral cancer.
Due to several people having been infected by the consumption of areca nut, the government of India and various other governments have posed various regulations over the areca nut production and consumer industries. Furthermore, the increasing awareness of health and fitness amongst people has raised concerns over areca nut consumption, thus resulting in a major obstacle to growth.
Considering that only 5% of the areca nut fruit growing tree leads to seed growth, the time required for the cultivation of areca nut and weather stipulations put a restraint on the market growth. This limits the market growth at the supplier end.
Though the areca nut has its origins mainly in India, its consumption in North America is unknown. Still, a significant number of Asian immigrants or their descendants living in the United States have taken to areca nut consumption.
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Growing Demand for Pan-scented Supari to Drive the Market
The ever-growing demand for areca products such as pans scented supari and pan masala in countries such as the United States, Sri Lanka, Nepal, UAE, Mexico, Thailand, Singapore, and others drive the areca nut market growth.
Areca nuts comprise fat polysaccharides, polyphenols, protein, and fiber. It is one of the integral ingredients used to manufacture pan masala. Furthermore, it is also employed as a domestic ingredient for preparing the pan. In addition, tannins, which are a by-product obtained from the processing of immature areca nuts, are used in dyeing as a food color, tanning leather, clothes, and more.
Areca nuts consist of 8 to 12% fat that is fit to be extracted and employed in confectionery products. Also, the refined fat of areca nut is harder as compared to cocoa butter, which can be used for blending. This is opportunistic for the manufacturers and is expected to fuel the growth of the areca nut market in the forthcoming years.
Associated Health Issues with the Consumption of Areca Nut to Hamper the Market
A severe restraint of the areca nut in the world is its primary health concern that puts the market in the shade. Areca nut, the Areca catechu palm seed, is the fourth most widely consumed addictive substance in the world after tobacco, alcohol, and caffeine.
This puts a scar on the market growth of the areca nut market. Areca nuts used in any form causes oral cancer in humans. Cancers of the esophagus, liver, pancreas, larynx, and lungs are also common among areca nut chewers.
Alkaloids of areca nut are considered to be its main carcinogenic constituent. Areca nut users report an increased sense of relaxation with no traces of fatigue. A euphoric state, a soothing effect on digestion, and protection of the mouth and gums were also observed.
In addition, areca nut chewing is claimed to produce warm sensations in the body, sweating, salivation, palpitation and heightened alertness, and tolerance to hunger. All these neurological pointers suggest that chemicals in the areca nut affect the autonomic nervous system at several levels. Hence, the market remains restrained with these health complications of areca nut.
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Presence of Favorable Government Policies to Benefit the Market
According to the analysis of 2022, North America is anticipated to claim 23% of the global market share. The development of the regional market can be attributed to favorable government policies and the expansion of consumer industries, among other reasons.
North America dominates the market due to remarkable growth in consumption driven by established distribution channels. In the United States, area nut is not a controlled or specially taxed substance and can be found in Asian grocery stores. Therefore, the United States is likely to dominate the regional market during the forecast period.
Houston, the fourth most populous city in the US is home to many immigrants with those of Indian origin contributing 20%, and chewing betel along with areca nut has been proliferating.
Growing Demand for Areca Nut for Traditional Customs to Strengthen the Market
APAC is anticipated to be the most lucrative market for areca nuts during the forecast period. The growth of the market can be attributed to the growing consumption of nuts in developed and developing regions of APAC. The region holds about 90% of the market for areca nuts.
India is projected to be the largest producer and largest consumer of areca nuts in the world. The demand for areca nuts is growing in India because of their demand in traditional customs and consumption in various forms. The application of these nuts in betel leaves with different flavors is bolstering the market for areca nuts in the nation. They are used in several forms, including fresh, dried, baked, boiled, roasted, and cured.
Application of Areca Nut for Herbal Medicines, Juice, and Others to Augment the Regional Market
According to the analysis, Indonesia is projected to be one of the most remunerative markets for areca nuts. The growth of the market in Indonesia can be attributed to the betel tradition in Indonesia. Also, areca nuts can also be processed into juice, herbal medicines, coffee, and consumed in the form of supplements.
In Indonesia, Betel Nuts are primarily grown in Sumatra Island and are harvested year around. Also, owing to the presence of a number of manufacturers in the region, the market is likely to progress significantly in the forecast period.
Maxcor Agro and Allieds (India), Mubarak Trading Company (Sri Lanka), Kanaiya Enterprise (Taiwan), M S Maung Maung SOE Family Co Ltd. (Myanmar), and Trade Master Group (Myanmar), among others, are some of the emerging names in the areca nut market.
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Some of the key players in the global areca nut market include Surya Exim, GM Group, K. TRADING, Biotan Pharma, Shri Ganesh Prasad Traders, Marlene Traders Co., Ltd., and Viet D.E.L.T.A Industrial Co. Ltd.
Areca Nut is used in various forms, including fresh, dried, baked, boiled, roasted, and cured. Dehusked areca nuts are used raw or processed, generally with tobacco. These are also significantly used in various industrially manufactured products such as gutka and pan masala.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.9% from 2023 to 2033 |
| Market Value in 2023 | US$ 867.4 million |
| Market Value in 2033 | US$ 1,851.6 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The market is valued at US$ 867.4 million in 2023.
GM Group and Bioten Pharma are the key players in the global market.
India is producing higher areca nut in the global market.
Players opt for innovations and mergers.
The United States, India, and Indonesia are leading the areca nut market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Processing 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Processing, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Processing, 2023 to 2033 5.3.1. Chali 5.3.2. Red Boiled 5.4. Y-o-Y Growth Trend Analysis By Processing, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Processing, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Varieties 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Varieties, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Varieties, 2023 to 2033 6.3.1. Indian 6.3.1.1. South Kanaka 6.3.1.2. Thirthahali 6.3.1.3. Rotha 6.3.1.4. Mettupalayam 6.3.1.5. Kahikuchi 6.3.1.6. Mohitnagar 6.3.2. Non-Indian 6.3.2.1. Mangala 6.3.2.2. Sumangala 6.3.2.3. Sree Mangala 6.3.2.4. Others 6.4. Y-o-Y Growth Trend Analysis By Varieties, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Varieties, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Processing 8.2.3. By Varieties 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Processing 8.3.3. By Varieties 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Processing 9.2.3. By Varieties 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Processing 9.3.3. By Varieties 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Processing 10.2.3. By Varieties 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Processing 10.3.3. By Varieties 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Processing 11.2.3. By Varieties 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Processing 11.3.3. By Varieties 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Processing 12.2.3. By Varieties 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Processing 12.3.3. By Varieties 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Processing 13.2.3. By Varieties 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Processing 13.3.3. By Varieties 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Processing 14.2.3. By Varieties 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Processing 14.3.3. By Varieties 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Processing 15.1.2.2. By Varieties 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Processing 15.2.2.2. By Varieties 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Processing 15.3.2.2. By Varieties 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Processing 15.4.2.2. By Varieties 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Processing 15.5.2.2. By Varieties 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Processing 15.6.2.2. By Varieties 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Processing 15.7.2.2. By Varieties 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Processing 15.8.2.2. By Varieties 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Processing 15.9.2.2. By Varieties 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Processing 15.10.2.2. By Varieties 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Processing 15.11.2.2. By Varieties 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Processing 15.12.2.2. By Varieties 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Processing 15.13.2.2. By Varieties 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Processing 15.14.2.2. By Varieties 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Processing 15.15.2.2. By Varieties 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Processing 15.16.2.2. By Varieties 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Processing 15.17.2.2. By Varieties 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Processing 15.18.2.2. By Varieties 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Processing 15.19.2.2. By Varieties 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Processing 15.20.2.2. By Varieties 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Processing 15.21.2.2. By Varieties 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Processing 15.22.2.2. By Varieties 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Processing 15.23.2.2. By Varieties 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Processing 16.3.3. By Varieties 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. GM group 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Surya Exim 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. K. TRADING 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Biotan Pharma 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Shri Ganesh Prasad Traders 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Marlene Traders Co., Ltd. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Viet D.E.L.T.A Industrial Co. Ltd 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. SWASTIKA INTERNATIONAL 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. THE CAMPCO LTD. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. SRI VINAYAKA BETELNUT TRADERS 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Areca Nut Market
