North America Lime Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 4.41 Billion |
| Market Size (2029) | USD 5.29 Billion |
| CAGR (2024 - 2029) | 3.70 % |
North America Lime Market Analysis
The North America Lime Market size is estimated at USD 4.41 billion in 2024, and is expected to reach USD 5.29 billion by 2029, growing at a CAGR of 3.70% during the forecast period (2024-2029).
Lemon and lime are grown primarily for the fresh market, with the juice from limes used as a flavoring in foods and beverages. The largest lime producer in the North American region in Mexico. The United States and Canada are the major consumers of lime.
The growing demand is expected to increase the production and import value of lime during the forecast period. Production of lime in the United States, according to FAO, accounted for 812 thousand ton in 2018, which is less compared to consumption. Thus local consumption is dependent entirely on imports. Spain, Argentina, and Mexico are the largest suppliers in the country.
North America Lime Market Trends
This section covers the major market trends shaping the North America Lime Market according to our research experts:
Increasing Lime Consumption Drives the Market
Though North America's lime production is low as compared to other regions, the increased need to meet domestic consumption is expected to boost production. According to FAO, Mexico's lime production accounted for 2.54 million ton in 2018 as against 2.42million ton of lime in 2016.
The increase in demand due to health awareness also increases the market for lime. Mexico is the major producer of lime. However, a bulk of the domestic produced is used to fulfill the local demand. The United States and Canada are the major consumers of lime. This trend is expected to increase steadily, which, in turn, impacts the lime market.
Rising Lime Import Signifies the Market Growth
The growing demand in the United States due to high consumption and less production in the region is expected to increase the import value of lime during the forecast period. Since there is production, local consumption is dependent entirely on imports. Spain, Argentina, and Mexico are the largest suppliers in the country. The country is the major exporter to the United States, and therefore, the market value depends on the consumption and demand from other countries.
North America Lime Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 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 Introduction to Market Drivers and Restraints
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Value Chain Analysis
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5. MARKET SEGMENTATION
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5.1 North America
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5.1.1 United States
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5.1.1.1 Production Analysis
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5.1.1.2 Consumption Analysis and Market Value
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5.1.1.3 Import Market Analysis (Volume and Value)
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5.1.1.4 Export Market Analysis (Volume and Value)
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5.1.1.5 Price Trend Analysis
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5.1.2 Canada
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5.1.2.1 Production Analysis
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5.1.2.2 Consumption Analysis and Market Value
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5.1.2.3 Import Market Analysis (Volume and Value)
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5.1.2.4 Export Market Analysis (Volume and Value)
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5.1.2.5 Price Trend Analysis
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5.1.3 Mexico
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5.1.3.1 Production Analysis
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5.1.3.2 Consumption Analysis and Market Value
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5.1.3.3 Import Market Analysis (Volume and Value)
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5.1.3.4 Export Market Analysis (Volume and Value)
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5.1.3.5 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Lime Industry Segmentation
Cashew nuts are edible kidney-shaped nuts, rich in oil and protein, and are roasted and shelled before eaten. Oil extracted from the shells is used as a lubricant, in the production of plastics. The study analyzes the scenario of the cashew market in the region. The report covers production, consumption, trade, and price trend analyses of cashew at a macro-level, in addition to the value chain and price trend analysis. Raw cashew nuts (in shell) have been considered while collecting data for production.
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North America Lime Market Research FAQs
How big is the North America Lime Market?
The North America Lime Market size is expected to reach USD 4.41 billion in 2024 and grow at a CAGR of 3.70% to reach USD 5.29 billion by 2029.
What is the current North America Lime Market size?
In 2024, the North America Lime Market size is expected to reach USD 4.41 billion.
What years does this North America Lime Market cover, and what was the market size in 2023?
In 2023, the North America Lime Market size was estimated at USD 4.25 billion. The report covers the North America Lime Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Lime Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Lime Industry Report
Statistics for the 2024 North America Lime market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Lime analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
