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Bacon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global bacon market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Bacon refers to a type of pork, usually made from the side of a pig that is cured and smoked after removing the spare ribs. It is typically consumed as a side dish, added as a flavoring agent or accent, and used in numerous foods, such as salads, sandwiches, soups, and sweets like maple bacon ice cream. It is widely available in different variants, including slabs, regular sliced, thin-sliced, thick-sliced, and ends and pieces. As a result, bacon is popularly consumed by individuals of all age groups due to its unique, smoky flavor and longer shelf life.

Bacon Market Trends:

The escalating demand for ready-to-eat (RTE) and ready-to-cook (RTC) food due to the expanding working population, hectic lifestyles, and changing dietary habits represents the primary factor driving the market growth. Besides this, the growing consumer awareness and acceptance of convenience meat products with enhanced taste, quality, and shelf life is augmenting the demand for bacon. Additionally, various foodservice outlets are offering a wide variety of bacon products to increase their menu options and attract more consumers. Along with this, the rising consumption of meat products like bacon as a part of paleo and keto diet plans among health- and fitness-conscious consumers is propelling the market growth. Furthermore, several leading players are launching innovative product variants, such as low-calorie and gluten-free bacon, to expand their product portfolio and maintain a competitive edge in the market. They are also making heavy investments in attractive and sustainable packaging solutions due to the growing environmental concerns among the masses. Other factors, including the increasing demand for meat protein, shifting preferences toward healthy and nutritious food items, inflating consumer expenditure capacities, and the rising influence of cross-culture dietary patterns, are also creating a positive market outlook. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bacon market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, product type, source, nature and distribution channel.

Breakup by Type:

  • Dry Cured
  • Immersion Cured
  • Pumped Bacon
  • Others
     

Breakup by Product Type:

  • Standard Bacon
  • Ready-To-Eat Bacon
     

Breakup by Source:

  • Pork
  • Beef
  • Turkey
  • Chicken
     

Breakup by Nature:

  • Organic
  • Conventional
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Independent Retailers
  • Specialist Retailers
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Foster Farms, Fresh Mark Inc., Great British Meat Company, Hormel Foods Corporation, Karro Foods Group Limited, Maple Leaf Foods Inc., OSI Group, Seaboard Corporation, Smithfield Foods Inc. (WH Group Limited), The Kraft Heinz Company, True Story Foods and Tyson Foods Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Product Type, Source, Nature, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Foster Farms, Fresh Mark Inc., Great British Meat Company, Hormel Foods Corporation, Karro Foods Group Limited, Maple Leaf Foods Inc., OSI Group, Seaboard Corporation, Smithfield Foods Inc. (WH Group Limited), The Kraft Heinz Company, True Story Foods and Tyson Foods Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global bacon market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bacon market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the nature?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bacon market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Bacon Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Dry Cured
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Immersion Cured
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Pumped Bacon
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Product Type
    7.1    Standard Bacon
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Ready-To-Eat Bacon
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Source
    8.1    Pork
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Beef
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Turkey
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Chicken
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Nature
    9.1    Organic
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Conventional
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Distribution Channel
    10.1    Supermarkets and Hypermarkets
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Independent Retailers
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Specialist Retailers
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Others
        10.4.1 Market Trends
        10.4.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Foster Farms
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Fresh Mark Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Great British Meat Company
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Hormel Foods Corporation
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    Karro Foods Group Limited
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    Maple Leaf Foods Inc.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    OSI Group
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Seaboard Corporation
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    Smithfield Foods Inc. (WH Group Limited)
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials
        16.3.10    The Kraft Heinz Company
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    True Story Foods
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
        16.3.12    Tyson Foods Inc.
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio
           16.3.12.3 Financials
           16.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Bacon Market: Major Drivers and Challenges
Figure 2: Global: Bacon Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Bacon Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Bacon Market: Breakup by Type (in %), 2020
Figure 5: Global: Bacon Market: Breakup by Product Type (in %), 2020
Figure 6: Global: Bacon Market: Breakup by Source (in %), 2020
Figure 7: Global: Bacon Market: Breakup by Nature (in %), 2020
Figure 8: Global: Bacon Market: Breakup by Distribution Channel (in %), 2020
Figure 9: Global: Bacon Market: Breakup by Region (in %), 2020
Figure 10: Global: Bacon (Dry Cured) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Bacon (Dry Cured) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Bacon (Immersion Cured) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Bacon (Immersion Cured) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Bacon (Pumped Bacon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Bacon (Pumped Bacon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Bacon (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Bacon (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Bacon (Standard Bacon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Bacon (Standard Bacon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Bacon (Ready-To-Eat Bacon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Bacon (Ready-To-Eat Bacon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Bacon (Pork) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Bacon (Pork) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Bacon (Beef) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Bacon (Beef) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Bacon (Turkey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Bacon (Turkey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Bacon (Chicken) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Bacon (Chicken) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Bacon (Organic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Bacon (Organic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Bacon (Conventional) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Bacon (Conventional) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Bacon (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Bacon (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Bacon (Independent Retailers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Bacon (Independent Retailers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Bacon (Specialist Retailers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Bacon (Specialist Retailers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Bacon (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Bacon (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: North America: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: United States: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: United States: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Canada: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Canada: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Asia-Pacific: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Asia-Pacific: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: China: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: China: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Japan: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Japan: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: India: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: India: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: South Korea: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: South Korea: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Australia: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Australia: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Indonesia: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Indonesia: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Europe: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Europe: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Germany: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Germany: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: France: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: France: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: United Kingdom: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: United Kingdom: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Italy: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Italy: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Spain: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Spain: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Russia: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Russia: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Latin America: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Latin America: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Brazil: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Brazil: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Mexico: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Mexico: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Others: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Others: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Middle East and Africa: Bacon Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Middle East and Africa: Bacon Market: Breakup by Country (in %), 2020
Figure 90: Middle East and Africa: Bacon Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Global: Bacon Industry: SWOT Analysis
Figure 92: Global: Bacon Industry: Value Chain Analysis
Figure 93: Global: Bacon Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bacon Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Bacon Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Bacon Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 4: Global: Bacon Market Forecast: Breakup by Source (in Million US$), 2021-2026
Table 5: Global: Bacon Market Forecast: Breakup by Nature (in Million US$), 2021-2026
Table 6: Global: Bacon Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 7: Global: Bacon Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Bacon Market: Competitive Structure
Table 9: Global: Bacon Market: Key Players

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