About Lime Juice
Lime juice is a staple that is used to make limeade or as an ingredient while preparing food or in alcoholic or non-alcoholic beverages. Lime juice is typically used to give lime flavor or taste to most beverages items and also can be used as a sour mix in food dishes like ceviche or poke. However, the availability of antioxidants and vitamin C in lime juice can help to boost immunity reduce heart disease risk factors, prevent kidney stones, aid iron absorption, etc. It is also used in cosmetics to provide glow and gloss to the skin.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches and collaborations as their preferred strategies. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Lime Juice market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lasky Herbal (India), Malabar Food Products (India), Manak Citrus Products (India), Lemon Concentrate (Spain), PepsiCo (United States), Ingrilli Citrus, Inc. (United States), Nielsen Citrus Products Company, Inc. (United States), Sun Orchard (United States), PerriconeFarms (United States), Minute Maid (United States) and DÖHLER (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lime Juice market by , Application (Limeade, Cooking, Beverages, Cosmetics and Others) and Region.
On the basis of geography, the market of Lime Juice has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Natural will boost the Lime Juice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-users, the sub-segment i.e. Residential will boost the Lime Juice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Lime Juice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend of Lime Flavored Carbonated & Uncarbonated Beverages
Market Growth Drivers:
Increasing Awareness About Health & Skin Benefits of Lime Juice and Growing Need to Enhance the Flavors in Food Dishes and Mix in Alcoholic and Non-Alcoholic Beverages
Challenges:
High Adoption of Homemade Lime Juice
Restraints:
Allergies Related to Citrus Fruits or Products
Opportunities:
Increased Use of Juices that Contains Vitamin C to Improve Immunity in the Coronavirus Crises
Market Leaders and their expansionary development strategies
In July 2021, PepsiCo, the US food & beverage giant acquired Pioneer Foods to expand the business and become the global leader in convenient foods and beverages by ‘winning with purpose’. The company Pioneer Foods has strong positions in cereals, juices, and other African nutritional food staples. The acquisition will help PepsiCo for business expansion in South Africa and Sub-Saharan Africa as well by operating new unit. Further, it is also expected to enable PepsiCo to expand its sustainable farming program in Africa and work with local farmers and suppliers to help boost yields, improve livelihoods and preserve precious natural resources.
In September 2020, Bundy Juice launched a new product with its freshly squeezed range of Lime Juice and Lemon Juice with the aim of expanding business in the hospitality industry to be used both in cooking and as additions to drinks. According to the company, the new product is made from 100 percent fresh juice and comes in a two-liter bottle that is ideal for commercial purposes.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Lime Juice Manufacturers, Suppliers and Distributors of Lime Juice, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.