PUBLISHER: IMARC | PRODUCT CODE: 1291575
PUBLISHER: IMARC | PRODUCT CODE: 1291575
Bacon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global bacon market size reached US$ 68.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 86.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
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 report, along with forecasts at the global, regional and country level from 2023-2028. 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:
Institutional Sales (HoReCa)
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.
Key Questions Answered in This Report
1. What was the size of the global bacon market in 2022?
2. What is the expected growth rate of the global bacon market during 2023-2028?
3. What has been the impact of COVID-19 on the global bacon market?
4. What are the key factors driving the global bacon market?
5. What is the breakup of the global bacon market based on the product type?
6. What are the key regions in the global bacon market?
7. Who are the key players/companies in the global bacon market?
Table of Contents
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
- 11.1.1 United States
- 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
- 11.2.1 China
- 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
- 11.3.1 Germany
- 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
- 11.4.1 Brazil
- 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
- 16.3.1 Foster Farms
List of Figures
- Figure 1: Global: Bacon Market: Major Drivers and Challenges
- Figure 2: Global: Bacon Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Bacon Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Bacon Market: Breakup by Type (in %), 2022
- Figure 5: Global: Bacon Market: Breakup by Product Type (in %), 2022
- Figure 6: Global: Bacon Market: Breakup by Source (in %), 2022
- Figure 7: Global: Bacon Market: Breakup by Nature (in %), 2022
- Figure 8: Global: Bacon Market: Breakup by Distribution Channel (in %), 2022
- Figure 9: Global: Bacon Market: Breakup by Region (in %), 2022
- Figure 10: Global: Bacon (Dry Cured) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Bacon (Dry Cured) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Bacon (Immersion Cured) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Bacon (Immersion Cured) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Bacon (Pumped Bacon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Bacon (Pumped Bacon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Bacon (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Bacon (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Bacon (Standard Bacon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Bacon (Standard Bacon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Bacon (Ready-To-Eat Bacon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Bacon (Ready-To-Eat Bacon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Bacon (Pork) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Bacon (Pork) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Bacon (Beef) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Bacon (Beef) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Bacon (Turkey) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Bacon (Turkey) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Bacon (Chicken) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Bacon (Chicken) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Bacon (Organic) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Bacon (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Bacon (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Bacon (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Bacon (Institutional Sales-HoReCa) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Bacon (Institutional Sales-HoReCa) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Bacon (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Bacon (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Bacon (Independent Retailers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Bacon (Independent Retailers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Bacon (Specialist Retailers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Bacon (Specialist Retailers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Bacon (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Bacon (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: North America: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: North America: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: United States: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: United States: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Canada: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Canada: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Asia-Pacific: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Asia-Pacific: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: China: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: China: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Japan: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Japan: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: India: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: India: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: South Korea: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: South Korea: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Australia: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Australia: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Indonesia: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Indonesia: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Europe: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Europe: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Germany: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Germany: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: France: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: France: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: United Kingdom: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: United Kingdom: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Italy: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Italy: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Spain: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Spain: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Russia: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Russia: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Latin America: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Latin America: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Brazil: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Brazil: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Mexico: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Mexico: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Others: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Others: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Middle East and Africa: Bacon Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Middle East and Africa: Bacon Market: Breakup by Country (in %), 2022
- Figure 92: Middle East and Africa: Bacon Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Bacon Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Bacon Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 4: Global: Bacon Market Forecast: Breakup by Source (in Million US$), 2023-2028
- Table 5: Global: Bacon Market Forecast: Breakup by Nature (in Million US$), 2023-2028
- Table 6: Global: Bacon Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 7: Global: Bacon Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Bacon Market: Competitive Structure
- Table 9: Global: Bacon Market: Key Players
