Market Size of United States Lime Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 2.42 Billion |
Market Size (2029) | USD 2.92 Billion |
CAGR (2024 - 2029) | 3.80 % |
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US Lime Market Analysis
The United States Lime Market size is estimated at USD 2.42 billion in 2024, and is expected to reach USD 2.92 billion by 2029, growing at a CAGR of 3.80% during the forecast period (2024-2029).
- The lime is a small, green citrus fruit that grows on trees in warm climates. Limes can be sweet or sour, depending on the variety. Most of the limes in US grocery stores are known as Persian limes, most of which are imported from Mexico. In contrast, sweet limes aren't commonly available in the United States because the country mostly imports Persian limes, which have many health benefits. The recent pandemic resulted in the inclusion of healthy foods in the diet, which also includes lime. It has become a driver for the market in the following years and is expected to continue during the forecast period.
- The major lime-producing regions in the country are Arizona, California, Florida, etc. The demand for limes has been increasing in the United States due to their nutrient benefits and other applications such as cosmetics and pharmaceuticals. The price of imported limes in the United States increased throughout 2021 and 2022 and is expected to reach a maximum of USD 76.33 per package in 2023, the highest price in the last three years. This price represents an increase of 70.9% and 167.1% over the maximums obtained in 2022 (USD 44.67) and 2021 (USD 28.58), respectively.
- Adverse weather conditions can be a market restrainer for lime plant growth in certain regions of the United States. However, it is important to note that lime cultivation is not completely impossible in the US. It is successfully grown in several regions, such as California, Florida, and Texas. That being said, the US relies heavily on imported limes, with Mexico being a prominent supplier due to its proximity and favorable climate for lime cultivation. Other countries that export limes to the US include Peru, Brazil, and Colombia