(Food-Beverage-News.Com, September 25, 2024 ) Lime Market size was valued at US$ 45.26 Bn. in 2023 and the total revenue is expected to grow at 2.6% through 2024 to 2030, reaching nearly US$ 54.17 Bn.
Lime is a type of citrus fruit utilized as a base for creating citric acid, lime oil, and various other products. Therefore, increasing product demand will ultimately increase lime demand, leading to a rise in the market primarily driven by growing interest in health benefits and cleaning applications. The global lime industry is being propelled by the growing construction sector worldwide. The construction sector is rapidly growing, especially in emerging economies like India and China. The expansion is supported by the growing economies of the nations and their rapidly increasing populations. Construction activity is on the rise in the region to address the housing needs of the population. The steel industry is being negatively impacted by new anti-dumping tariffs in the US and regulations in China, which in turn could benefit the lime industry.
Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:
Cheese Ingredients Market is accounted for USD 102.09 billion in 2022 and is expected to reach USD 136.17 billion by 2029 at a CAGR of 4.2% during the forecast period.
Feed Phytogenics Market was valued at USD 35.03 Bn in 2023 and is expected to reach USD 64.45 Bn by 2030, at a CAGR of 9.1% during a forecast period.
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