Based on actual data up to 2023 and forecasted data up to 2028, natural honey production in India showed growth, standing at 70.56 thousand metric tons in 2023. Year-on-year variations indicate fluctuations with a decrease between 2019 and 2020 and subsequent growth, reaching a 1.06% increase by 2023. The CAGR over the last five years (2019-2023) was 0.86%, indicating moderate growth.
Forecasts suggest a continued growth trajectory with an expected CAGR of 0.84% from 2024 to 2028, translating into an overall growth rate of 4.28% over these five years.
Future trends to watch for include:
- Innovations in beekeeping practices and technology to enhance productivity.
- Potential impacts of climate change on honey production.
- Shifts in domestic and international demand for natural honey.
- Regulatory developments concerning honey quality and production standards.
