Market Size of United States Lime Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2022 |
Forecast Data Period | 2023 - 2028 |
Market Size (2023) | USD 2.33 Billion |
Market Size (2028) | USD 2.81 Billion |
CAGR (2023 - 2028) | 3.80 % |
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US Lime Market Analysis
The United States Lime Market size is expected to grow from USD 2.33 billion in 2023 to USD 2.81 billion by 2028, at a CAGR of 3.80% during the forecast period (2023-2028).
- The lime is a small, green citrus fruit that grows on trees in warm climates. Limes can be sweet or sour, depending on the variety. Most of the limes in US grocery stores are known as Persian limes, most of which are imported from Mexico. In contrast, sweet limes aren't commonly available in the United States because the country mostly imports Persian limes, which have many health benefits. The recent pandemic resulted in the inclusion of healthy foods in the diet, which also includes lime. It has become a driver for the market in the following years and is expected to continue during the forecast period.
- The major lime-producing regions in the country are Arizona, California, Florida, etc. The demand for limes has been increasing in the United States due to their nutrient benefits and other applications such as cosmetics and pharmaceuticals. The price of imported limes in the United States increased throughout 2021 and 2022 and is expected to reach a maximum of USD 76.33 per package in 2023, the highest price in the last three years. This price represents an increase of 70.9% and 167.1% over the maximums obtained in 2022 (USD 44.67) and 2021 (USD 28.58), respectively.
- Adverse weather conditions can be a market restrainer for lime plant growth in certain regions of the United States. However, it is important to note that lime cultivation is not completely impossible in the US. It is successfully grown in several regions, such as California, Florida, and Texas. That being said, the US relies heavily on imported limes, with Mexico being a prominent supplier due to its proximity and favorable climate for lime cultivation. Other countries that export limes to the US include Peru, Brazil, and Colombia
US Lime Industry Segmentation
Lime is a small, lemon-shaped, greenish-yellow citrus fruit with a juicy, sour pulp, rich in ascorbic acid. It is primarily used for food and cosmetics. The study takes into account commercial lime fruit as a commodity.
The United States lime market covers production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis.
The report offers market size and forecasts in terms of value in USD million and volume in metric ton for all the above segments.
United States | |
Production Analysis | |
Consumption Analysis and Market Value | |
Import Market Analysis (Volume and Value) | |
Export Market Analysis (Volume and Value) | |
Price Trend Analysis |
United States Lime Market Size Summary
The U.S. lime market is seeing steady growth, driven by an increased demand for healthy foods, including limes. The lime, a small green citrus fruit, offers numerous health benefits, which is contributing to its increased consumption. The majority of limes consumed in the United States are Persian limes, largely imported from Mexico. The U.S. does produce limes domestically, with key lime-producing regions including Arizona, California, and Florida. However, due to the country's heavy reliance on imported limes, changes in the price of imported limes can significantly impact the market. Lime consumption in the U.S. is also being influenced by trends in the health and wellness industry. Limes are rich in vitamin C and antioxidants, offering benefits such as improved immunity, reduced heart disease risk factors, and promotion of healthy skin. These health benefits, along with the fruit's use in cosmetics and pharmaceuticals, are driving increased consumption. Despite these positive trends, the market does face potential challenges, including adverse weather conditions which can impact lime plant growth. Nonetheless, the U.S. lime market is expected to continue growing during the forecast period.
Explore MoreUnited States Lime Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 United States
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2.1.1 Production Analysis
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2.1.2 Consumption Analysis and Market Value
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2.1.3 Import Market Analysis (Volume and Value)
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2.1.4 Export Market Analysis (Volume and Value)
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2.1.5 Price Trend Analysis
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United States Lime Market Size FAQs
How big is the United States Lime Market?
The United States Lime Market size is expected to reach USD 2.33 billion in 2023 and grow at a CAGR of 3.80% to reach USD 2.81 billion by 2028.
What is the current United States Lime Market size?
In 2023, the United States Lime Market size is expected to reach USD 2.33 billion.