Key Market Indicators
India's consumption of honey fell by 50% year-on-year in 2021, with 3,000 metric tons consumed compared to 6,000 metric tons in 2020. Since 2017, demand has been down 27.9% year-on-year. Mexico overtook India as the 54th-largest consumer in 2021, with 3,000 metric tons consumed. The United States, Germany and Iran followed respectively in the rankings. Indian honey production is forecasted to reach 72,810 metric tons by 2026, a 0.9% year-on-year CAGR growth from 69,070 metric tons in 2021. Since 1966, supply has increased by 1.2% year-on-year. Ukraine overtook India as the 7th-largest producer in 2021, with 69,070 metric tons produced. Canada, Argentina and Iran followed respectively in the rankings.
