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Global Hen Market : Surging at a CAGR of 7.4%, Expected to Reach $288.27 Billion in 2025, Driven by Changing Dietary Preferences and Sustainable Farming Practices
Growing Demand and Ahead-of-the-curve Trends Set the Stage for Robust Expansion of the Global Hen MarketWhat Is The Projected Market Size Of The Global Hen Market And Its Growth Rate?
The global Hen Market has demonstrated impressive growth in recent years and is set for continued expansion:
• The market size is projected to grow from $268.5 billion in 2024 to $288.27 billion in 2025, reflecting a CAGR of 7.4%.
• This robust growth during the historic period can be attributed to factors such as population growth, urbanization, changing dietary preferences, economic development, and improved livestock farming practices.
• Looking ahead, the market is slated to grow further to $382.53 billion by 2029, at a CAGR of 7.3%.
• This forecasted growth can be tied to health and wellness trends, sustainable farming practices, shifts in diet and protein demand, regulatory compliance and animal welfare, and global food security.
What Is Driving The Growth In The Hen Market?
The hen market is primarily propelled by the growing demand for meat. Meat consumption per capita, or the amount of red meat and poultry consumed by an average person annually, is rising despite the shift towards plant-based diets. This trend, predominantly driven by population growth, urbanization, rising incomes and the popularity of high-protein diets, is particularly benefiting the hen market because poultry is generally affordable, low in fat, and provides high-quality protein with a desirable fatty acid profile. According to the Central Statistics Office Ireland, the meat supply increased by 57,000 tonnes, reaching 1.48 million tonnes in 2022, a 4% growth compared to 2021. This rising meat consumption per capita is expected to drive the expansion of the hen market.
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Who Are the Key Players Driving Hen Market Growth?
Notable companies operating in the hen market include:
• Tyson Foods Inc.
• Pilgrim's Pride Corporation
• Foster Farms LLC
• Perdue Farms Inc.
• Plainville Farms LLC
• Bell & Evans Pvt. Ltd.
• Eversfield Organic Limited
• Plukon Food Group B.V.
• Inglewood Group Ltd.
• JBS S.A.
• Danish Crown A/S
• Vion Food Group
• Ayrshire Farms LLC
• Koch Foods Inc.
• Wayne Farms LLC
• Mountaire Farms Inc.
• House of Raeford Farms Inc.
• Simmons Foods Inc.
• Cal-Maine Foods Inc.
• Rose Acre Farms Inc.
• Rembrandt Enterprises Inc.
• Michael Foods Inc.
• Hillandale Farms Corporation
• Daybreak Foods Inc.
• Sparboe Farms Inc.
• Herbruck's Poultry Ranch Inc.
• Cooper Farms Inc.
What Are The Key Trends In The Hen Market?
Some of the prominent trends observed in the hen market include:
• Focus on environmental sustainability
• Egg quality assurance programs
• Rise of local and small-scale production
• Innovation in egg-based products
• Educational initiatives
What Are The Segments Of The Global Hen Market?
The Hen Market can be segmented as follows:
1) By Product Type: Eggs, Meat
2) By Packaging Type: Vacuum Skin Packaging, Modified Atmospheric Packaging, Overwrap Packaging, Shrink Packaging, Vacuum Thermoformed Packaging
3) By Distribution Channel: Business To Business, Business To Consumer
4) By Application: Food Services, Retail
Which Region Leads The Hen Market?
In 2024, Europe was the largest region in the hen market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hen Market Global Market Report?
- Market Size Analysis: Analyze the Hen Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hen Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hen Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hen Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, new product launches in the market.
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