What is Bacon Market?
Bacon is a type of salt-cured pork, which is prepared from several different cuts of meat. It has less fat than the belly. It is eaten on its own or used as a minor ingredient to flavor dishes. It is a delicious and nutritious food. These are thin strips of salt-cured pork commonly used for breakfast or as an ingredient in various dishes. This market is primarily fueled by the growing demand for convenience foods, increasing disposable incomes, and shifting consumer preferences towards high-protein diets.
Highlights from Bacon Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BRF S.A. (Brazil), Cargill, Inc. (United States), Foster Farms (United States), Farmland Industries, Inc. (United States), Hormel Foods Corporation (United States), JBS S.A. (Brazil), Karro Food Group (United Kingdom), OSI Group (United States), Smithfield Foods, Inc. (United States) and B. & C. Tönnies Fleischwerk GmbH & Co. KG. (Germany) |
The bacon market is highly competitive, due to the presence of various players, ranging from large multinational corporations to small local producers. The existing players expanding their offerings to meet changing consumer preferences and market trends. To stay competitive, many companies are investing in research and development activities to innovate and improve their existing products, as well as to develop new products. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Bacon market throughout the forecasted period.
BRF S.A. (Brazil), Cargill, Inc. (United States), Foster Farms (United States), Farmland Industries, Inc. (United States), Hormel Foods Corporation (United States), JBS S.A. (Brazil), Karro Food Group (United Kingdom), OSI Group (United States), Smithfield Foods, Inc. (United States) and B. & C. Tönnies Fleischwerk GmbH & Co. KG. (Germany) are some of the key players profiled in the study. Bacon Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Direct Consumption and Processing Consumption |
Type | Traditional bacon, Canadian bacon, Turkey bacon, Vegan bacon and Others |
Distribution Chanel | Supermarkets & Hypermarkets,Independent Retailers,Specialist Retailers,Others |
On the basis of geography, the market of Bacon has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Healthy Foods
Market Growth Drivers:
High Nutrient Content in the Bacon, Health Benefits of the Bacon Such As Reduced Rate of Brain-Related Illness and Increased Disposable Income of the People
Challenges:
Stringent Government Rules and Regulations
Restraints:
Risk of High Blood Pressure and Heart Diseases
Opportunities:
Growing Food Industry Worldwide and Increasing Number of Meat Consumer around the Globe
Key Target Audience
Bacon Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End user
Market Leaders & Development Strategies
In January 2021, Cargill acquired ProPortion Foods, a U.S. company that specializes in cooked meats, particularly for healthcare facilities and senior living communities. This strategical acquisition strategy aimed to expand company's protein business and increase its presence in the food service industry.
In November 2022, McCormick launched a new line of marinated, smoked bacon products. The new line, called McCormick Grill Mates Marinated Bacon, includes four different flavors: Smoky Applewood, Montreal Steak, Brown Sugar Bourbon, and Smoky Chipotle. This launch strengthened company's portfolio of flavor solutions.