Market Size of Brazil Lime Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.72 Billion |
| Market Size (2029) | USD 2.05 Billion |
| CAGR (2024 - 2029) | 3.60 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Brazil Lime Market Analysis
The Brazil Lime Market size is estimated at USD 1.72 billion in 2024, and is expected to reach USD 2.05 billion by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).
Lime (citrus) fruit is an excellent source of vitamin C. The health benefits of these fruits also rest in their fiber and phytochemicals. Brazil has evolved into an important supplier of lime in the South American region. With a remarkably good harvest year-on-year, Brazil holds the position of one of the major suppliers of limes. Around one-third of the total lime and lemon production is meant to serve the domestic market in Brazil. Recently, with the growing incomes of the population, the Brazilian per capita consumption of lime has experienced steady growth.
According to FAO, the production of limes in 2018 accounts for 1481 thousand ton, which is more than last year's production. Although Brazil is one of the largest producers of lime/lemon globally, the majority of the produce is meant to be exported to the global market. However, the domestic consumption of lime has increased in the last decade.
Brazil Lime Industry Segmentation
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.
For the purpose of this report, the market scope includes only fresh Lime has been considered. Market estimations have been made based on the consumption of fresh and/or fruits in Brazil. The scope does not include lime processed in any form, such as frozen or dried, pickled, and canned.
Brazil Lime Market Size Summary
The lime market in Brazil is poised for growth, driven by its status as a significant supplier in the South American region and its robust production capabilities. Brazil's lime industry benefits from favorable climatic conditions, resulting in consistent harvests that support both domestic and international demand. The country is a major player in the global lime market, with a substantial portion of its production earmarked for export. Brazilian limes are particularly valued for their superior juiciness and flavor, giving the country a competitive advantage over other leading producers like Spain and Mexico. This competitive edge is further bolstered by the increasing domestic consumption of limes, which has been rising steadily due to growing incomes and changing consumer preferences.
The expanding global demand for Brazilian limes is reflected in the increasing export volumes, particularly to European markets where lime consumption is on the rise. The trend of growing imports of fresh limes into Europe is expected to continue, further stimulating the Brazilian lime market. As a result, Brazil is well-positioned to capitalize on the increasing international demand, which is anticipated to drive the market's growth over the forecast period. The combination of strong domestic consumption and robust export demand underscores Brazil's pivotal role in the global lime industry, supporting its market expansion and economic contribution.
Brazil Lime Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Value Chain Analysis
-
1.5 PESTLE Analysis
-
Brazil Lime Market Size FAQs
How big is the Brazil Lime Market?
The Brazil Lime Market size is expected to reach USD 1.72 billion in 2024 and grow at a CAGR of 3.60% to reach USD 2.05 billion by 2029.
What is the current Brazil Lime Market size?
In 2024, the Brazil Lime Market size is expected to reach USD 1.72 billion.
