Honey demand in North America reached 246 thousand metric tons in 2023. The demand has remained relatively stable between 2014 and 2023, with an average annual growth rate (CAGR) of 0.16% over the last decade. The most notable growth occurred in 2021, with a year-on-year increase of 2%. However, the demand decrease noted in 2022 (-1.56%) indicated some volatility.
Forecast data suggest that honey demand will continue to experience modest growth from 2024 to 2028, with an estimated CAGR of 0.14%. The market is expected to achieve a total volume of 248.6 thousand metric tons by 2028, representing a cumulative growth rate of 0.69% over the five-year forecast.
Future trends to watch for include shifts in consumer preferences towards natural and organic sweeteners, potential impacts of climate change on honey production, and evolving regulatory frameworks affecting honey import and export policies. Monitoring these factors will be critical for stakeholders in the honey market.
