"It is expected that by 2029, the global honey market value will increase from the current $8.53 billion to $12.69 billion, and the annual growth rate will be 5.83%," - Business Partner writes based on the information published by PMCG.
Analysts predict an increase in global demand for natural honey, driven by consumers switching to healthier sweeteners.
As mentioned in the review, Georgia has natural conditions and biodiversity suitable for the production of high-quality honey. Therefore, the development potential of the honey production sector in Georgia is very high. However, almost all honey production comes from family farms, with agricultural production covering only 6% of the market.
"In 2021, honey production decreased by 16.7% due to the spread of the bee mite, however, from 2022, production figures recovered as the mite problem was properly addressed.
As for the export data, according to the review, the export earnings to the EU in 2022 was $888,500. According to forecasts, the demand from the European Union will increase, especially for acacia honey. In 2022, the value of honey exports to the EU increased by 75%, and to the CIS countries decreased by 68%. The value of honey export to the European Union was about 86% higher than to the CIS countries,” – the review says.
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One US dollar trades at GEL 2.7118
18/07/2025
