Thailand’s natural honey gross production has demonstrated consistent growth from the year 2023. The forecast data suggests a progressive increase in value from 48.33 million USD PPP in 2024 to 53.31 million USD PPP by 2028. Year-on-year variations reflect a steady growth pattern: approximately 2.61% increase from 2024 to 2025, followed by a 2.52% increase to 2026, then a 2.44% increase to 2027, and finally a 2.36% rise to 2028. The Compounded Annual Growth Rate (CAGR) over the five-year period stands at around 2.48%.
Future trends to watch for include potential impacts of climate change on honey production, technological advancements in beekeeping, increased focus on organic honey, and fluctuations in global demand and pricing. Factors such as regulatory changes, export-import dynamics, and consumer preferences for natural sweeteners will also influence market dynamics.
