Market Size of Mexico 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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Mexico Limes Market Analysis
The Mexican lime market is projected to register a CAGR of 4.1% during the forecast period.
- Mexico is one of the major countries producing and consuming citrus fruits. Both Persian and Key limes are economically important for Mexico. Key limes mostly remain in the Mexican domestic market for consumption. However, recently, there has been an increase in the exports of this variety. Key limes are grown mostly on the Southern Pacific Coast of Mexico.
- The lime industry in Mexico is largely comprised of small-scale farmers who grow the fruit on small plots of land. To increase production, the Mexican government has launched programs to promote the adoption of new technologies and practices that can increase yields and reduce environmental impact.
- Lime is used as an ingredient for the production of citric acid, lime oil, lime juice, and other products that are used in household food items, as well as chores. Many small-scale farmers sell their lime to processing companies that extract the juice and produce other lime-based products. In addition to its culinary and cleaning uses, lime is also used in a variety of other industries, such as paper, textiles, and construction materials. Therefore, the growing demand for the products is eventually increasing the demand for lime, and as a result, the growing interest in health benefits and cleaning applications is a major force driving the market.
