Market Size of Europe Lime Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
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Europe Lime Market Analysis
The European lime market is expected to register a CAGR of 4.1% during the forecast period.
- In recent years, European lime market growth has been more noticeable due to increased prices and crop reduction in the major producing countries. European Union has set maximum residue levels for pesticides and other contaminants on food products, decreasing imports and encouraging domestic production of lime in the region.
- European Union lime production is mainly concentrated in the Mediterranean region. Spain and Italy represent 80% of the overall production of lime in the European Union. The remaining 20% is distributed among the other Member States, such as Greece and Portugal. Italy is the second-largest European lime producer after Spain. Sicily in Italy is the main lime-producing area, accounting for 88% of Italy's production.
- Over the years, lime has become an important part of many culinary dishes and for the decoration of dishes also. The production of exotic limes, such as finger limes, has shown an uplift in recent years because the exotic limes are premium priced and demanded too. The domestic consumption of lime in the European Union is increasing every year with a positive trend, which makes the country produce more to cater to the domestic demand.
