In 2023, the natural honey-producing population in India stood at 12.67 million beehives. Based on the forecasted data, the natural honey-producing population is expected to increase gradually from 12.756 million in 2024 to 13.12 million in 2028. The year-on-year growth rate is steady, marked by an average increase of roughly 0.75% to 0.77% annually.
Key points about the forecast:
- From 2024 to 2025, the population is projected to increase by 0.74% from 12.756 million to 12.85 million.- From 2025 to 2026, there is a forecasted increase of 0.71%, reaching 12.941 million.- From 2026 to 2027, the beehive population is expected to grow by 0.70% to 13.031 million.- The forecasted increase from 2027 to 2028 is about 0.68%, bringing the total to 13.12 million beehives.
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately 0.72% per year. This indicates a stable and moderate growth trend in India's natural honey-producing population.
Future trends to watch for include potential technological advancements in beekeeping, changes in environmental regulations, and climate change impacts. Monitoring these factors could provide insights into more accurate long-term forecasting and the sustainability of honey production in India.
