Are honey prices increasing?

United States honey prices increased 12 percent during 2022 to $2.96 per pound , compared to $2.65 per pound in 2021. United States and State level prices reflect the portions of honey sold through cooperatives, private, and retail channels.

What is the market value of honey?

Global Honey Market Insights Honey Market size was valued at USD 8.58 billion in 2019 and is poised to grow from USD 9.03 billion in 2023 to USD 12.9 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

What is the retail price of a pound of honey?

Honey prices have remained stable at $5.50-$6.00 per pound wholesale and $9.00-$16.00 retail.

Is honey in high demand?

The honey market has seen significant growth in recent years, with consumers becoming increasingly interested in natural and healthy sweeteners. Honey is a versatile ingredient that can be used in a variety of foods and beverages, as well as in natural remedies and skincare products.

Why is honey getting so expensive?

In 2019, a combination of unfortunate occurrences drove the price for honey high while the production capabilities were greatly diminished . Honey production in 2019 fell 30%, mainly due to environmental challenges like low availability of pollinator-friendly plants and extreme temperatures and lack of rain.

Is there a shortage of honey?

The amount of honey produced by honeybee colonies in the US has dropped by around half a pound, on average, per colony in the past decade , US government data shows, even as the number of managed colonies increased slightly.

What is the most sought after honey?

The costliest honey in the world is 'Elvish honey', which is a rare and expensive variety produced in Turkey's Black Sea region. This honey is known for its unique flavour and high price and is a much sought-after delicacy for foodies and connoisseurs alike. It is also known as the purest honey in the world.

What is the largest market for honey?

Germany. While China is the largest market for honey overall, per capita spend and growth is high in Germany.

Where is honey most expensive?

Elvish honey, which is extremely rare and only found in the Black Sea region of Turkey , is the name of the most expensive honey in the world. In addition to being the most expensive honey in the world, it is also renowned for its distinctive flavour and high cost also known as pure honey.

How long does honey last?

While most of us don't need to worry about honey that old, their discovery proves that if properly contained, real honey can last for a very, very long time. The National Honey Board also agrees. They say, “Honey stored in sealed containers can remains stable for decades and even centuries !”

What is raw honey vs pure honey?

Common types of honey and their properties are as follows: Raw honey — comes straight from the hive and is available in filtered or unfiltered forms. Regular honey — pasteurized and may contain added sugars. Pure honey — pasteurized but contains no added ingredients.

What state sells the most honey?

U.S. honey market North Dakota is by far the top honey producing state, producing around 31 million pounds of honey in 2022, more than twice as much as the runner up, California.

Can you make a living selling honey?

Selling honey is by far what most beekeepers do; it's the most common way to earn money as a beekeeper . One joy of beekeeping is having your honey supply at home, and selling the surplus honey for additional income is a sweet deal.

Average prices all honey in the U.S. 2022 | Statista (2024)

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Average prices of honey in the United States from 2010 to 2022 (in U.S. cents per pound)* Statistics on " Honey market worldwide and in the U.S. " Other statistics that may interest you Honey market worldwide and in the U.S. Statistics Topics FAQs

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Published by

M. Shahbandeh,

May 25, 2023

This statistic shows the honey prices in the United States from 2010 to 2022. In 2022, the price of honey in the U.S. was 2.96 U.S. dollars per pound, up from up 2.10 U.S. dollars per pound two years prior.