Hen Market Trends and Forecast Report 2024-2033 | By Types, Applications, Regions And Players

The Hen by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Hen, The hen market size has grown strongly in recent years. It will grow from $250.53 billion in 2023 to $269.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to population growth and urbanization, changing dietary preferences, economic development, livestock farming practices, health and nutritional awareness..

The hen market size is expected to see strong growth in the next few years. It will grow to $357.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to health and wellness trends, sustainable farming practices, dietary shifts and protein demand, regulatory compliance and animal welfare, global food security.. Major trends in the forecast period include environmental sustainability, egg quality assurance programs, local and small-scale production, egg-based products innovation, educational initiatives..

The increasing meat consumption per capita is expected to propel the growth of the hen market going forward. Meat consumption per capita refers to the amount of red meat and poultry that an average person consumes in a year, measured in retail weight. The increased meat consumption per capita is mostly driven by population growth, urbanization, rising incomes, and the rise in popularity of high-protein diets, where hens dominate meat consumption as it is generally affordable and low in fat while providing high-quality protein with a desirable fatty acid profile. For instance, in July 2021, according to the Food and Agriculture Organization (FAO) agriculture report outlook 2021–2030 shared by the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, it is anticipated that global meat consumption per capita would rise by 0.3% per year to 35.4 kg in retail weight equivalent by 2030. In addition, due to its more wholesome food option, affordable pricing, and ease of preparation, chicken meat is predicted to account for 41% of all the protein from meat sources in 2030, increasing by 2%. Therefore, increasing meat consumption per capita is driving the growth of the hen market.

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The hen market covered in this report is segmented –

1) By Product Type: Eggs, Meat

2) By Packaging Type: Vaccum Skin Packaging, Modified Atomspheric Packaging, Overwrap Packaging, Shrink Packaging, Vaccum Thermoformed Packaging

3) By Distribution Channel: Business To Business, Business To Consumer

4) By Application: Food Services, Retail

Product innovations have emerged as a key trend gaining popularity in the hen market. Major companies operating in the hen market are focused on innovating new products to sustain their position in the market. For instance, in December 2022, Do Good Foods, a US-based climate-forward food solutions company, launched Do Good Eggs, its latest product innovation to fight food waste and combat climate change. Do Good Eggs help foodservice businesses lower their Scope 3 carbon emissions while attracting customers who want to buy environmentally friendly products. Each dozen of Do Good Eggs will stop about one pound of greenhouse gas emissions (CO2e) from entering the atmosphere. All Do Good Eggs will be made in a cage-free facility that has received certification.

The hen market report table of contents includes: