Market Size of India Lime Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.20 % |
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India Lime Market Analysis
The India production of lime is projected to record a CAGR of 3.2% during the forecast period. According to FAO, lime production accounts for 3.14 million metric tons in 2018 as compared to last year where the production of lime accounts for 2.3 million metric tons. Production of lime is increasing in India due to an increase in the area of production which accounts for 286 thousand hectares in 2018.
With increasing demand from consumers and high health benefits, the market is expected to grow over the forecast period. Limes are highly used for the production of citric acid, lime oil, lime juice, and other products that are used in the household food items, as well as chores. Therefore, the growing demand for the products will eventually increase the demand for lime and as a result, the growing interest in health benefits and cleaning applications will be a major force driving the Indian market.