Canada's honey consumption stood at 34.0 thousand metric tons in 2023. Forecasted data indicate a steady increase in honey consumption from 34.28 thousand metric tons in 2024 to 35.32 thousand metric tons by 2028. The year-on-year percentage variations from 2024 to 2028 are consistently positive, indicating robust demand. Specifically, the average annual growth (CAGR) over these five years is estimated at around 0.75%. This continuous upward trend suggests growing consumer preference for honey.
Future trends to watch for include the impact of health and wellness trends on honey consumption, potential market disruptions due to climate change affecting honey production, and the influence of price variations on consumer behavior. Additionally, monitoring the growth of organic and specialty honey markets could provide further insights into shifting consumer preferences.
