The market value for limes in the United States is expected to grow at a CAGR of 1.01% during the forecast period, 2016-2021. The total value is forecasted to reach USD 2945.5 million by the end of 2021. As the production is less in the US, the market value for the country depends majorly on the imports of lime.
Market Dynamics
The increase in demand due to health awareness also drives the market growth and this trend is expected to increase during the forecast period. North America’s lime imports account for approximately 27% of the global lime imports. The US is capable of producing small amounts of limes as compared to total demand so that total domestic production is only able to fulfill domestic demand. Lime production in the US is just 5% of the total world production. A small increase in per capita consumption is expected across all of the major markets. With the decline in lime production in Florida, the United States will become the largest importer of fresh limes.
Earlier, with the decline in domestic production, the USA sourced lime supplies from Mexico and other smaller neighboring countries. Mexico supplied 95% of total limes imported to the United States and most of the remaining share came from the Bahamas (3%) and Honduras (1%). Over 90% of the US lime imports from Mexico were Persian limes and the rest were Key limes. Persian limes are grown in Mexico mostly to meet the export market demand, particularly in the United States.
The US lime import value is expected to grow at a CAGR of 2.06% during the period 2016-2021. The value is projected to reach USD XX by the end of 2021. As per USDA Foreign Agricultural service, the trend is expected to increase due to the popularity of lime in food & beverage choices across the US. A part of the growing demand for limes over time reflects the growing Hispanic American population and the influence of Latin American cuisine in America.
Limes follow a stable trend given the substantial plantings in Mexico and other small neighboring countries. Lime prices are likely to remain stable because of its popularity among consumers.
The US Lime market report covers the following information –
- Lime production
- US consumption
- US trade (export-import) scenario and statistics
- Price trend and seasonality of the crop
- Future outlook of the crop market
Stakeholders who would benefit -
- Lime growers
- Enterprises providing agricultural inputs
- Crop processing companies
- Crop importers and exporters
- Investors/research institutions interested in the crop market
1. Introduction
1.1 Definition of the Market
1.2 Research Methodology
2. Executive Summary
3. Market Overview
4. Market Segmentation
4.1 Production Analysis
4.2 Consumption Analysis
4.3 Market Value
4.4 Price Trend
4.5 Import Market Analysis by Value
4.6 Import Market Analysis by Volume
4.7 Export Market Analysis by Value
4.8 Export Market Analysis by Volume
