Market Size of North America Lime Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2023 - 2028 |
Market Size (2023) | USD 4.25 Billion |
Market Size (2028) | USD 5.10 Billion |
CAGR (2023 - 2028) | 3.70 % |
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North America Lime Market Analysis
The North America Lime Market size is expected to grow from USD 4.25 billion in 2023 to USD 5.10 billion by 2028, at a CAGR of 3.70% during the forecast period (2023-2028).
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.