Market Overview:
The global bacon market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for processed meat products, increasing disposable income of consumers, and growing awareness about the health benefits of consuming processed meat products. The global bacon market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into dry cured bacon, immersion cured bacon, and others. Dry cured bacon accounted for a major share in 2017 owing to its high quality and taste. On the basis of application, supermarkets & hypermarkets accounted for a major share in 2017 owing to rising demand for processed meat products from this channel.
Product Definition:
Bacon is a type of pork that is typically cured and smoked. It is most often used in recipes for breakfast items such as bacon, eggs, and pancakes. Bacon has many uses beyond the breakfast table, however. It can be added to salads, sandwiches, pasta dishes, and even desserts.
Dry Cured:
Dry cured is a method of preserving meat products by smoking them without the use of water. The process was initially developed in Europe and has been gaining popularity over the past few years owing to its unique flavor. It's an old technique which has gained new traction due to growing consumer preference for healthy, smoke-flavored food products with low salt content and high nutritional value.
Immersion Cured:
Immersion cured or wet curing is a method of preserving meat by bathing it in brine solution. The process was first developed in the early 19th century in Europe and has been used ever since. The primary reason for the development of this technique was to extend the shelf life of processed meats without compromising on quality or texture.
Application Insights:
The supermarkets and hypermarkets segment led the market in 2017. The application of bacon in various restaurants, hotels and food chains has increased significantly over the past few years. The growing trend of eating out has resulted in an increase in the number of restaurants and eateries across the world. As a result, demand for fresh meat such as bacon is likely to increase at a steady rate during the forecast period.
The independent retailer segment accounted for 20% share of global revenue in 2017 owing to increasing penetration into countries like India, China, Bangladesh & Pakistan where retail sector is yet to be fully developed or entered due to low cost sourcing policies adopted by these countries which eventually results into growth opportunities for foreign retailers especially from U.K.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being the largest consumer of meat products, is expected to remain a key regional market over the forecast period. However, Asia Pacific is anticipated to witness significant growth during the same period owing to increasing demand for processed meats from various end-use industries such as restaurants and hotels and hospitals.
The rising number of supermarkets & hypermarkets in emerging countries such as China and India are expected to boost product sales over the next eight years due to increased shelf space availability at lower costs than that offered by specialists retailers or independent retailers.
Growth Factors:
- Increasing demand for processed meat products due to changing lifestyles and growing population.
- Rising disposable income of consumers in developing countries, which enables them to afford premium meat products such as bacon.
- Growing popularity of western cuisine in Asia and other regions, which has led to an increase in the demand for bacon products.
- Innovative marketing campaigns by manufacturers that focus on the unique flavor and taste of bacon products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bacon Market Research Report
By Type
Dry Cured, Immersion Cured, Others
By Application
Supermarkets & Hypermarkets, Independent Retailers, Specialist Retailers, Others
By Companies
BRF, Cargill, Foster Farms, Farmland Industries, Hormel Foods, JBS, Karro Food, OSI Group, Smithfield Foods, Tnnies Lebensmittel, BRF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Bacon Market Report Segments:
The global Bacon market is segmented on the basis of:
Types
Dry Cured, Immersion Cured, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets & Hypermarkets, Independent Retailers, Specialist Retailers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BRF
- Cargill
- Foster Farms
- Farmland Industries
- Hormel Foods
- JBS
- Karro Food
- OSI Group
- Smithfield Foods
- Tnnies Lebensmittel
- BRF
Highlights of The Bacon Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dry Cured
- Immersion Cured
- Others
- By Application:
- Supermarkets & Hypermarkets
- Independent Retailers
- Specialist Retailers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bacon Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bacon is a type of meat that is cured and smoked.
Some of the major players in the bacon market are BRF, Cargill, Foster Farms, Farmland Industries, Hormel Foods, JBS, Karro Food, OSI Group, Smithfield Foods, Tnnies Lebensmittel, BRF.
The bacon market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bacon Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bacon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bacon Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bacon Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bacon Market Size & Forecast, 2020-2028
4.5.1 Bacon Market Size and Y-o-Y Growth
4.5.2 Bacon Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dry Cured
5.2.2 Immersion Cured
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarkets & Hypermarkets
6.2.2 Independent Retailers
6.2.3 Specialist Retailers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bacon Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bacon Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dry Cured
9.6.2 Immersion Cured
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarkets & Hypermarkets
9.10.2 Independent Retailers
9.10.3 Specialist Retailers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dry Cured
10.6.2 Immersion Cured
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarkets & Hypermarkets
10.10.2 Independent Retailers
10.10.3 Specialist Retailers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dry Cured
11.6.2 Immersion Cured
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarkets & Hypermarkets
11.10.2 Independent Retailers
11.10.3 Specialist Retailers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dry Cured
12.6.2 Immersion Cured
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarkets & Hypermarkets
12.10.2 Independent Retailers
12.10.3 Specialist Retailers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dry Cured
13.6.2 Immersion Cured
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarkets & Hypermarkets
13.10.2 Independent Retailers
13.10.3 Specialist Retailers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bacon Market: Competitive Dashboard
14.2 Global Bacon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BRF
14.3.2 Cargill
14.3.3 Foster Farms
14.3.4 Farmland Industries
14.3.5 Hormel Foods
14.3.6 JBS
14.3.7 Karro Food
14.3.8 OSI Group
14.3.9 Smithfield Foods
14.3.10 Tnnies Lebensmittel
14.3.11 BRF
