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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$ 65.27 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 83.55 Billion by 2027 exhibiting a CAGR of 3.80% 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.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

 

 
 

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  • 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:

  • Institutional Sales (HoReCa)
  • Supermarkets and Hypermarkets
  • Independent Retailers
  • Specialist Retailers
  • Others
     

Breakup by Region:

 

 
 

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  • 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$ 2499
Five User License: US$ 3499
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)

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    Institutional Sales (HoReCa)
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Supermarkets and Hypermarkets
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Independent Retailers
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Specialist Retailers
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Others
        10.5.1 Market Trends
        10.5.2 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$), 2016-2021
Figure 3: Global: Bacon Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Bacon Market: Breakup by Type (in %), 2021
Figure 5: Global: Bacon Market: Breakup by Product Type (in %), 2021
Figure 6: Global: Bacon Market: Breakup by Source (in %), 2021
Figure 7: Global: Bacon Market: Breakup by Nature (in %), 2021
Figure 8: Global: Bacon Market: Breakup by Distribution Channel (in %), 2021
Figure 9: Global: Bacon Market: Breakup by Region (in %), 2021
Figure 10: Global: Bacon (Dry Cured) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Bacon (Dry Cured) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Bacon (Immersion Cured) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Bacon (Immersion Cured) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Bacon (Pumped Bacon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Bacon (Pumped Bacon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Bacon (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Bacon (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Bacon (Standard Bacon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Bacon (Standard Bacon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Bacon (Ready-To-Eat Bacon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Bacon (Ready-To-Eat Bacon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Bacon (Pork) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Bacon (Pork) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Bacon (Beef) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Bacon (Beef) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Bacon (Turkey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Bacon (Turkey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Bacon (Chicken) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Bacon (Chicken) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Bacon (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Bacon (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Bacon (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Bacon (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Bacon (Institutional Sales-HoReCa) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Bacon (Institutional Sales-HoReCa) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Bacon (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Bacon (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Bacon (Independent Retailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Bacon (Independent Retailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Bacon (Specialist Retailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Bacon (Specialist Retailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Bacon (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Bacon (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: North America: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: North America: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: United States: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: United States: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Canada: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Canada: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Asia-Pacific: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Asia-Pacific: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: China: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: China: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Japan: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Japan: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: India: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: India: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: South Korea: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: South Korea: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Australia: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Australia: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Indonesia: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Indonesia: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Europe: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Europe: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Germany: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Germany: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: France: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: France: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: United Kingdom: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: United Kingdom: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Italy: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Italy: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Spain: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Spain: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Russia: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Russia: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Latin America: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Latin America: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Brazil: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Brazil: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Mexico: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Mexico: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Others: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Others: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Middle East and Africa: Bacon Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Middle East and Africa: Bacon Market: Breakup by Country (in %), 2021
Figure 92: Middle East and Africa: Bacon Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Global: Bacon Industry: SWOT Analysis
Figure 94: Global: Bacon Industry: Value Chain Analysis
Figure 95: Global: Bacon Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bacon Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Bacon Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Bacon Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 4: Global: Bacon Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 5: Global: Bacon Market Forecast: Breakup by Nature (in Million US$), 2022-2027
Table 6: Global: Bacon Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 7: Global: Bacon Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Bacon Market: Competitive Structure
Table 9: Global: Bacon Market: Key Players


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Key Questions Answered in This Report

The global bacon market was valued at US$ 65.27 Billion in 2021.

We expect the global bacon market to exhibit a CAGR of 3.80% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of bacon.

 

The rising demand for bacon among health- and fitness-conscious consumers as a part of paleo and keto diet plans, along with the introduction of low-calorie and gluten-free variants in bacon, is primarily driving the global bacon market.

Based on the product type, the global bacon market can be bifurcated into standard bacon and ready-to-eat bacon. Currently, standard bacon accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global bacon market include 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.

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