The honey market in the US has experienced moderate growth from 2014 to 2023, with small but steady increases in volume. The year-over-year variation peaked at 2.49% in 2021, reflecting a significant jump, but it has otherwise hovered below 1%. The compound annual growth rate (CAGR) was 0.19% over the last five years. As of 2023, the market volume stands at 212.0 thousand metric tons.
Forecasts for the next five years suggest a continuous, though slight, increase with a CAGR of 0.14%, leading to a total volume of 213.97 thousand metric tons by 2028.
Future trends to watch for include shifts in consumer preferences towards natural sweeteners, potential impacts of climate change on honey production, and regulatory changes affecting import and quality standards. Technological advancements in beekeeping could also play a significant role.
