Spain Lime Market - Growth, Trends and Forecasts (2020 - 2025)

The Spain Lime Market Report analyses the trend, growth, and demand in Spain. The report provides an analysis of production, consumption, and trade analysis of the Spain lime market.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

4.6 %

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Market Overview

The Spain lime market is projected to register a CAGR 4.6% during the forecast period(2020-2025). Spain is the largest producer of lime in the European region. Over the years, the lime has become an important part of many culinary dishes, and for decoration of dishes also. Excellent growing conditions, modern packinghouses, and market accessibility are driving the market. According to the Food and Agriculture Organisation (FAO), in 2016, the lime production amounted to 0.9 million metric tons which increased to 1.08 million metric tons in 2018. The production of exotic limes such as finger limes has shown an uplift in recent years because the exotic limes are premium priced and are in high demanded too. The domestic consumption of lime is increasing every year with a positive trend, which makes the country produce more to cater to domestic demand. The attractive export market is another factor driving the growth of the market.

Scope of the report

The report contains an analysis of the various parameters of the lime market. The study takes into account the commercial lime fruit as a commodity and comprises of major developments in the niche market. Lime (citrus) fruit is an excellent source of vitamin C. The health benefits of these fruits also rest in their fiber and phytochemicals. The lime peels are rich in limonene phytochemicals.

Spain
Production Analysis
Consumption Analysis and Market Value
Import Analysis by Volume and Value
Export Analysis by Volume and Value
Price Trend Analysis

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Key Market Trends

Growing Demand for Lime Ingredients is Encouraging the Production

The production of lime in Spain is continuously increasing due to the growing demand for foods that include lime as an ingredient (including juice, jams, bakery, and confectionery) in Spain. The growing demand for limes due to health benefits will drive the market during the forecast period. Lime is used as an ingredient in the production of pectin, citric acid, lime oil, lime juice, and many other products. The growing demand creates a steady demand for these products throughout the year. Pectin and citric acid are two products that have witnessed a continuous demand as they are primary ingredients in a jam preparation. The strong demand from consumers for lime is accelerating the production of these limes, which is encouraging the lime production in Spain to cater to the demand. According to FAO, in 2018 Spain produced 1.08 million metric tons of lemon. The area harvested under limes and lemons in 2018 increased to 46,010 hectares from 41218 ha in 2016 in the country.

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Rising Export Market

The strong demand from consumers and its wider application in the food industry are accelerating the production of the limes leading to higher export of lime from the country. The export market in the country is likely to grow steadily during the forecast period, given high domestic demand in the European Union region and from the other countries. According to ITC Trade, in 2016, the country exported USD 820.3 million of lime and lemons which increased to USD 828.6 million in 2019. The volume of export in 2016 was 547,419 tons which increased to 734,292 tons in 2019. Spain usually exports lime to other European countries such as Germany, France, the United Kingdom, and Italy with a share of 30.8%, 18.3%, 10.1%, and 8.4% respectively.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Spain

      1. 5.1.1 Production Analysis

      2. 5.1.2 Consumption Analysis and Market Value

      3. 5.1.3 Import Analysis by Volume and Value

      4. 5.1.4 Export Analysis by Volume and Value

      5. 5.1.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. IMPACT OF COVID-19

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