Market Size of Spain Lime Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.60 % |
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Spain Lime Market Analysis
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.