Australia Lime Market Size

Australia Lime Market Analysis

The Australia Lime Market size is expected to grow from USD 315.90 billion in 2023 to USD 382.31 billion by 2028, at a CAGR of 3.89% during the forecast period (2023-2028).

• Lime is used to produce citric acid, lime oil, lime juice, and other products used in household food items and chores. Therefore, the growing demand for the products will eventually increase the demand for lime. As a result, the growing interest in health benefits and cleaning applications will be a significant force driving the market. Lime is a versatile fruit with various uses, including as an ingredient in food products, cleaning agents, and personal care items. As the demand for these products increases, lime as a raw material will also rise.
• Lime is an excellent citric acid source, used as a natural preservative in food and beverage products. Additionally, lime juice and lime oil are popular ingredients in the cosmetic and personal care industries, as they offer a range of health benefits for the skin and hair.
• Furthermore, lime's natural cleaning properties make it a popular ingredient in household cleaning products, as it can effectively remove stains, grease, and other dirt from various surfaces. The growing interest in eco-friendly and natural cleaning solutions has also increased the demand for lime-based cleaning products. The need for lime will continue to grow due to its versatility and various applications in different industries.
• According to the Sydney Markets, lime is plentiful and reasonable when purchased in bulk, costing USD 3-USD 7 per kilo or 30-60 each. The price of limes is slightly higher in significant supermarkets, especially during the summer, due to increased demand for the fruit, as consumers are encouraged to utilize limes in tropical cocktails and cooking/salads.
• Even though lemons are abundantly found nationwide, a few regions are known for their production. These areas include Darwin, Lismore, Riverland, Bundaberg, and Burnett. Due to emerging research, a few more variants have permeated the market. Some variants are Allen Eureka, Eureka Seedless, Eureka SL from South Africa, Genoa, and Limoniera 8A.
• The country produces nearly 30,000-40,000 tonnes of limes yearly, with 28,000-35,000 tonnes produced year-round in Far North Queensland(FNQ). Limes, such as lemons, are the primary source of revenue for most FNQ growers. Further, the national exports are anticipated to increase slowly year on year.