U.S. average prices of honey 2010-2023

In the U.S. in 2023, the average price of honey was about 252 U.S. cents per pound, decreasing slightly from 2022. The cost of honey since 2010 generally increased and reached its highest in 2017.

Sales and production of honey

Honey is used globally for various reasons, some of the most common and important uses are as a raw sweetener, anti-inflammatory, and antioxidant. In 2022, it was revealed that conventional grocery stores had the largest honey sales share in the U.S. at over 30 percent, while the other channels stood below 20 percent. The production volume of honey was just over 130 million pounds in 2023; the volume has gradually decreased since 2010 but was highest in 2014.

Honey stocks and production value

The honey stock values have fluctuated across the country over the past few years; however, South Dakota took the first position for the largest honey stocks in the U.S., with approximately 12.5 million pounds. The value of honey production shows positive signs of increasing; despite the value mildly shifting each year, it has grown vastly since 2003, with the value being around 252.05 million U.S. dollars to 2023 where the value is equivalent to about 349.2 million U.S. dollars.