Global Bacon Market to Reach US$ 94.5 Billion by 2032, Spurred by Increasing Demand for Ready-to-Eat (RTE) Foods

February 15, 2022 | Food & Beverages

The latest report by IMARC Group, titled “Bacon Market Report by Type (Dry Cured, Immersion Cured, Pumped Bacon, and Others), Product Type (Standard Bacon, Ready-To-Eat Bacon), Source (Pork, Beef, Turkey, Chicken), Nature (Organic, Conventional), Distribution Channel (Institutional Sales (HoReCa), Supermarkets and Hypermarkets, Independent Retailers, Specialist Retailers, and Others), and Region 2024-2032,” finds that the global bacon market size reached US$ 70.9 Billion in 2023. Bacon is a type of salt-cured pork usually made from the side and belly portion of a pig. It is consumed as a side dish, incorporated into meals, or used as an ingredient in dishes like sandwiches, soups, salads, and sweets such as maple bacon ice cream. It is available in various flavors, such as apple, maple, mesquite, and low-fat and low-sodium versions. Moreover, it is also made from other animals, such as turkey and chicken, which are typically leaner than pork bacon. At present, bacon is a popular breakfast option for individuals of all age groups due to its unique, smoky flavor and longer shelf life.

Global Bacon Market Trends:

The market is primarily driven by the escalating demand for ready-to-eat (RTE) and ready-to-cook (RTC) food products on account of the expanding working population, hectic lifestyles, and changing dietary habits of individuals. In addition, the growing consumer acceptance of convenience meat products with enhanced taste, quality, and shelf life represent another major growth-inducing factor. Moreover, various quick-service restaurants (QSR) and food outlets are incorporating bacon products to increase their menu options and attract more consumers. This, coupled with the rising consumption of meat products like bacon as a part of paleo and keto diet plans among health- and fitness-conscious consumers, is contributing to the market growth. Besides this, several key players are introducing innovative product variants, such as low-calorie and gluten-free bacon, to expand their consumer base and maintain a competitive edge in the market. They are also investing in attractive and sustainable packaging solutions, which is augmenting the market growth. Furthermore, the increasing demand for meat protein, rising disposable incomes, and the growing influence of cross-culture dietary patterns are some of the other factors anticipated to propel the market growth. Looking forward, IMARC Group expects the market value to reach US$ 94.5 Billion by 2032, exhibiting a CAGR of 3.2% during the forecast period (2024-2032).

Market Summary:

  • Based on the type, the market has been classified into dry-cured, immersion cured, pumped bacon, and others.
  • On the basis of the product type, the market has been bifurcated into standard bacon and ready-to-eat bacon.
  • Based on the source, the market has been categorized into pork, beef, turkey, and chicken.
  • On the basis of nature, the market has been segmented into organic and conventional bacon.
  • The market has been segregated based on the distribution channel into institutional sales (HoReCa), supermarkets and hypermarkets, independent retailers, specialist retailers, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • 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 Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Bacon Market to Reach US$ 94.5 Billion by 2032, Spurred by Increasing Demand for Ready-to-Eat (RTE) Foods
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More