In 2023, Malaysia's honey demand stood at 960 metric tons. The forecasted data for 2024 to 2028 shows a consistent decline, beginning at 910 metric tons in 2024 and decreasing to 680 metric tons by 2028. This represents a year-on-year decrease of 6.6% from 2024 to 2025, 5.9% from 2025 to 2026, 7.5% from 2026 to 2027, and 8.1% from 2027 to 2028. The compounded annual growth rate (CAGR) over this five-year period averages a decrease of 6.7% per year.
Future trends to watch for include potential shifts in consumer preferences towards natural sweeteners, government policies affecting the honey industry, and fluctuations in honey production due to environmental factors such as climate change and biodiversity conservation efforts. Additionally, supply chain disruptions and changing import-export dynamics could impact future demand.
