Lime Market Size (2024 - 2029)

Lime Market Analysis

The Lime Market size is estimated at USD 42.35 billion in 2024, and is expected to reach USD 47.22 billion by 2029, at a CAGR of 2.20% during the forecast period (2024-2029).

• The global lime market is experiencing steady expansion, driven by its diverse applications in fresh consumption, beverages, flavoring, and processed foods. The fruit's flavor, nutrient content, and versatility contribute to its widespread use. Limes' high vitamin content and antioxidant properties make them particularly appealing in health-conscious consumer markets.
• Major lime-producing countries include India, Mexico, China, Argentina, Brazil, and Turkey. According to the Food and Agriculture Organization (FAO), the global lemon and lime cultivation area reached 1.3 million hectares in 2022, with India contributing about 23.5% and Mexico about 15.1% of the total acreage.
• In 2023, global lemon and lime exports amounted to about USD 3.84 billion. Spain, Mexico, South Africa, Turkey, and the Netherlands emerged as the leading exporters in this market. Spain dominated with a 22.3% share of total exports, closely followed by Mexico at 18.8%, according to the ITC Trade Map. The Persian or Tahitian lime variety maintained its position as the most widely produced type globally, with Mexico leading its production. These figures highlight the significant role of these key exporting countries in meeting the worldwide demand for lemons and limes.
• Climate change poses a significant challenge to lime production, as shifts in temperature and rainfall patterns impact both crop yields and quality. Adapting to these environmental changes is crucial for ensuring the long-term sustainability of the lime market.

Lime Industry Segmentation

Lime is a citrus fruit consumed for various purposes. Lime Market is segmented by Geography (North America, South America, Europe, Asia-Pacific, and Middle-East, and Africa). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers the market size and forecasts in terms of value in (USD) and volume in (Metric Tons) for all the above segments.