Brazil Lime Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.72 Billion |
| Market Size (2029) | USD 2.05 Billion |
| CAGR (2024 - 2029) | 3.60 % |
Brazil Lime Market Analysis
The Brazil Lime Market size is estimated at USD 1.72 billion in 2024, and is expected to reach USD 2.05 billion by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).
Lime (citrus) fruit is an excellent source of vitamin C. The health benefits of these fruits also rest in their fiber and phytochemicals. Brazil has evolved into an important supplier of lime in the South American region. With a remarkably good harvest year-on-year, Brazil holds the position of one of the major suppliers of limes. Around one-third of the total lime and lemon production is meant to serve the domestic market in Brazil. Recently, with the growing incomes of the population, the Brazilian per capita consumption of lime has experienced steady growth.
According to FAO, the production of limes in 2018 accounts for 1481 thousand ton, which is more than last year's production. Although Brazil is one of the largest producers of lime/lemon globally, the majority of the produce is meant to be exported to the global market. However, the domestic consumption of lime has increased in the last decade.
Brazil Lime Market Trends
This section covers the major market trends shaping the Brazil Lime Market according to our research experts:
Increase in production of Lime
According to FAO, production of lime accounted for 1481 thousand ton in 2018, which has increased by 14.5% compare to the previous year which accounted for 1293 thousand ton of lime in Brazil. Although Brazil is one of the largest producers of lime/lemon globally, the majority of the produce is meant to be exported to the global market.
However, the domestic consumption of lime has increased in the last decade. This has led to an increase in production to meet the export demand for limes globally as Brazilian limes are juicier and taste better in comparison to other major producing countries like Spain and Mexico. Hence, the country has a strong competitive edge in the global market.
Brazil as major exporter of Lime
Limes are becoming increasingly well-known among European consumers, with higher volumes of consumption of limes. Brazil dominates the market followed by Mexico. Imports of fresh lime into the European market has been growing, and the trend is expected to continue. European imports of fresh limes increased from 167 thousand ton in 2016 to 183 thousand ton in 2017, which in turn will drive the lime market in Brazil. This increasing demand from other countries is driving the export from brazil, which impact positively on the lime market.
Brazil Lime Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Value Chain Analysis
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4.5 PESTLE Analysis
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5. Geography
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5.1 Brazil
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5.1.1 Production Analysis
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5.1.2 Consumption Analysis and Market Value
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5.1.3 Import Analysis by Volume and Value
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5.1.4 Export Analysis by Volume and Value
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5.1.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Lime Industry Segmentation
The report contains an analysis of the various parameters of the lime market. The study takes into account the commercial lime fruit as a commodity and comprises of major developments in the niche market.
For the purpose of this report, the market scope includes only fresh Lime has been considered. Market estimations have been made based on the consumption of fresh and/or fruits in Brazil. The scope does not include lime processed in any form, such as frozen or dried, pickled, and canned.
Brazil Lime Market Research FAQs
How big is the Brazil Lime Market?
The Brazil Lime Market size is expected to reach USD 1.72 billion in 2024 and grow at a CAGR of 3.60% to reach USD 2.05 billion by 2029.
What is the current Brazil Lime Market size?
In 2024, the Brazil Lime Market size is expected to reach USD 1.72 billion.
What years does this Brazil Lime Market cover, and what was the market size in 2023?
In 2023, the Brazil Lime Market size was estimated at USD 1.66 billion. The report covers the Brazil Lime Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Lime Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazilian Limes Industry Report
Statistics for the 2024 Brazilian Limes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazilian Limes analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
