The insect known for its ability to produce honey is the honeybee, specifically the species Apis mellifera. Honeybees are social insects that live in colonies, consisting of a queen, workers, and drones. They play a crucial role in pollination, helping to fertilize plants and produce fruits and vegetables. To create honey, worker bees collect nectar from flowers, which is then processed in their bodies. The nectar, rich in sugars, is regurgitated and evaporated to form honey, which serves as food for the colony. Honeybees contribute significantly to biodiversity and agricultural productivity, making their conservation vital.