Bacon Market Segments, Size, Emerging Growth Factors, Top Key Players and Business Opportunities till 2027
Bacon refers to the sides and belly portion of the pig’s body that is cured and smoked. Bacon is versatile in terms of cooking and helps in increasing the flavor of dishes. When wrapped around lean meats, it proffers moisture while it is cooked. Development in meat processing technologies and an increase in the demand for meat protein, the bacon market has experienced tremendous growth during the past years. The upsurge in demand for pizza, sandwiches, and hamburgers has also bolstered the bacon market growth. However, bacon contains some amount of fats and sodium that increases the risk of heart diseases and blood pressure. This restricts the demand for bacon. Development in new products like turkey bacon is expected to provide lucrative opportunities to the bacon market in the upcoming years.
The rapid rise in population expansion, along with increased urbanization and focus toward improved quality of life in has led to increased demand for food products at an unprecedented pace in the last few decades. The livestock industry plays an important role in meeting out the growing demand. There is a strong correlation between the level of income and the demand for animal protein. With the rise in disposable income, the demand for animal protein is set to increase, which would lead to an increase in the consumption of animal-based products such as meat, bacon, and others. Further, with the decline in the prices of meat products, the emerging economies are embarking upon the rising consumption of meat and meat products.
According to our latest market study on "Global Bacon Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Nature (Organic, Conventional); Source (Pork, Beef, Turkey, Chicken); Type (Dry Cured, Immersion Cured, Pumped Bacon); Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Food Service, Others), and Geography," the market was valued at US$ 27,419.94 million in 2018 and is projected to reach US$ 40,004.6 million by 2027; it is expected to grow at a CAGR of 4.3% from 2019 to 2027.The report highlights key factors driving the market growth and prominent players and their developments in the market.
Applegate Farms, LLC, Farmland Industries, Inc., Foster Farms, Inc., Hormel Foods Corporation, JBS S.A, Karro Food Group, Organic Prairie, OSI Group, Smithfield Foods, Inc., and True Story Foods are some of the well-established players present in the global baconmarket.
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The report includes the segmentation of the global bacon market as follows:
By Nature
- Organic
- Conventional
By Source
- Pork
- Beef
- Turkey
- Chicken
By Type
- Dry Cured
- Immersion Cured
- Pumped Bacon
By Distribution Channel
- Supermarkets and Hypermarkets
- Independent Retailers
- Food Service
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Uganda
- UAE
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
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