The demand for honey in Brazil is forecasted to decrease steadily from 2024 to 2028. Starting at 12.73 thousand metric tons in 2024, it is expected to fall to 11.75 thousand metric tons by 2028. This marks a consistent year-on-year decline. From 2024 to 2025, the projected decrease is approximately 2.04%, from 2025 to 2026 it is about 1.93%, from 2026 to 2027 it is around 2.04%, and from 2027 to 2028 it is expected to be roughly 1.92%. The Compound Annual Growth Rate (CAGR) over the five-year period displays an average yearly decrease of approximately 1.98%.
In 2023, honey demand stood at 13.00 thousand metric tons. The observed trend over the forecasted years points towards a persistent decline in honey demand, emphasizing the need for market participants to adapt to changing consumption patterns and preferences.
Future trends to watch for:
- Shifts in consumer health consciousness and dietary habits that may further impact honey consumption.
- Economic conditions and disposable income which can affect consumer spending on non-essential goods.
- Potential government regulations or initiatives aimed at increasing local honey production or encouraging honey consumption.
- Impact of environmental factors and climate change on honey production and supply chains.
