The demand for limes continues to grow in the United States. In fact, lime consumption in the United States has increased tenfold since the 1980s, according to the USDA. Even more, lime prices have doubled since 2014 thanks to the reduced supply and the growing demand.
In many other markets, especially in Mexico and parts of Asia, limes are an essential ingredient in many dishes. Further, in line with the shift towards healthy alternatives, limes are being used as low calorie seasoning for meats and vegetables. The fruit is recognized as an excellent source of vitamin C and pectin, a dietary fiber that reduces cholesterol. Lime is also known for its health benefits like weight loss, improved digestion, constipation relief, and skin care.
In addition, the lime tree produces a variety of marketable by-products. Due to its unique properties, the oil extracted from its skin is extensively used in soft drink concentrates, body oils, cosmetic products, hair oils, toothpastes, soaps, deodorants, and many other products. The diversity and the potential uses of lime by-products by several industries provides investors with a unique and reliable investment opportunity.
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