The bacon market was valued at US$ 27,419.94 million in 2018 and is projected to reach US$ 40,004.62 million by 2027; it is expected to grow at a CAGR of 4.3% from 2019 to 2027.
Bacon refers to the sides and belly portion of the pig’s body that is cured and smoked. Bacon is versatile in terms of cooking and helps in increasing the flavor of dishes. When wrapped around lean meats, it proffers moisture while it is cooked. Development in meat processing technologies and an increase in the demand for meat protein, the bacon market has experienced tremendous growth during the past years. The upsurge in demand for pizza, sandwiches, and hamburgers have also bolster well the bacon market growth. However, bacon contains some amount of fats and sodium that increases the risk of heart diseases and blood pressure. This restricts the demand for bacon. Development in new products like turkey bacon is expected to provide lucrative opportunities to the bacon market in the upcoming years.
The bacon market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The rapid growth of this region is primarily attributed to increase in the middle class population and urbanization that offers several opportunities to the manufacturers of bacon. Due to the ever-increasing disposable income of the middle-income group population, people are willing to pay higher prices for food products, such as bacon and other processed meat products. Changing consumer’s taste and preference and upsurge in the demand for processed meat products have also incremented the demand for bacon in the Asia Pacific region. Besides, rising demand for bacon by snack category as a result of the use of bacon in convenience food have also favored the demand for bacon in Asia Pacific region.
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Bacon Market: Strategic Insights
Market Size Value in US$ 27,419.94 Million in 2018 Market Size Value by US$ 40,004.62 Million by 2027 Growth rate CAGR of 4.3% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Bacon Market: Strategic Insights
| Market Size Value in | US$ 27,419.94 Million in 2018 |
| Market Size Value by | US$ 40,004.62 Million by 2027 |
| Growth rate | CAGR of 4.3% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Impact of COVID-19 Pandemic on Bacon Market
The COVID-19 outbreak adversely affects economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverages are among the significant industries suffering from severe disruptions such as restrictions on the supply chain and shutdown of production plants. The shutdown of different plants and factories in various countries disrupts the global supply chains and negatively impacts the manufacturing activities, delivery schedules, and multiple goods sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering business collaboration and partnership opportunities. Thus, these factors are restraining the growth of the bacon market in the food and beverage industry.
Market Insights
Rising preference for convenience food products Is Expected to Fuel Bacon Market Growth
Convenient foods are food products that need less time and effort for preparation. The demand for convenience foods such as tinned or packaged meat products, kinds of bacon, and others is increasing at a faster pace due to changes in social and economic patterns, and rapid urbanization. Additionally, the increasing buying power of the consumers, rising awareness about health foods, and changes in food habits and meal patterns further bolster the demand for convenience food. Convenience food is rapidly gaining popularity among children, teenage, working-class people, and people living in hostels and bachelors. The significant shift of the people towards convenience foods in developed countries such as the US, Canada, Mexico, Germany, France, Italy, and China, among others, is driving the demand for bacon market globally. Bacon is extensively used by individual consumers and by foodservice providers. Bacon offers food service providers, restaurants, and other consumers a simple and easy way to offer a great variety of food options. Therefore, the increasing demand for bacon for the preparation of various recipe is projected to drive market growth.
Nature Insights
Based on nature, the bacon market is bifurcated into organic and conventional. In 2018, the conventional segment led the bacon market. Conventional bacon is a type of salt-cured pork. It is prepared from various cuts of meats, mainly from a pig’s belly or from the back cuts that have less fat as compared to the belly of pigs. It has a rich, crispy, and salty taste with melt-in-your-mouth texture. Bacon is a versatile red meat and receives a smoky flavor from the natural smoke that is obtained by smoldering wood chips or by spraying the bacon with a liquid smoke extract. Bacon is made along with salt used as a curing agent, and nitrite added as an additive. It belongs to a category of cured and processed pork bellies that end up in strips or circular pattern. They are available in different varieties such as middle bacon or rashes in the form of a thin strip cut from the belly pork with a thin round piece of loin at one end, and streaky bacon is of the same cut but without the round loin end. Bacon is highly nutritious. A typical 100 grams of bacon contains 37 grams of high-quality animal protein, 89% of RDA for selenium, 53% of RDA for phosphorous along with vitamin B1, B2, B3, B5, B6 and B12.
Source Insights
Based on source, the bacon market is segmented into pork, beef, turkey, and chicken. The pork segment accounted for the largest market share in 2018. Pork is the culinary name for the meat of domestic pig. Pork bacon has been one of the major contributing sources for the global expansion of the bacon market. In regions such as North and South America, Europe and some countries in the Asia Pacific region, there has been an increasing demand for the pork bacon. The US, Canada, Mexico, Italy, France, Germany, and UK amongst many other countries has experienced a rising demand for the pork market and is estimated to be growing in the coming years. The rising demand for pork bacon in these regions has contributed to the over expansion of the bacon market all over the globe. Flavored pork bacon, such as apple-smoked or peppered, also is available globally. In general, as bacon has a higher fat content and intense smoky flavor, the increasing demand and flavor for pork meat has favored the market globally.
Type Insights
Based on type, the bacon market is segmented into dry cured, immersion cured, and pumped bacon. The pumped bacon segment accounted for the largest market share in 2018. The pumped bacon is the method in which the bacon is injected with curing ingredients and massaged or tumbled. It has been advised that the use of sodium nitrite should be approximately 120 parts per million (ppm) and an equivalent amount of potassium nitrite used at 148 ppm ingoing. Sodium ascorbate or sodium erythorbate is be used at 550 ppm. The USDA regulation records that sodium ascorbate or sodium erythorbate has a molecular weight of approximately 198. Hydrated forms of such substances should be altered to attain the equivalent of 550 ppm of sodium ascorbate or sodium erythorbate. Since under certain circumstances, nitrite in cured meat product subsidizes to the formation of nitrosamines, a known carcinogenic, the USDA in-plant inspection system calls for pulling samples of pumped bacon. Such samples are examined to determine the level of nitrosamines with the help of a Thermal Energy Analyzer (TEA). If TEA indicates a certain level of nitrosamines, additional samples are collected and subjected to examination using gas chromatography. The presumptive positive must be confirmed by mass spectrometry. If anyone of the original samples collected by USDA for confirmation is found to contain confirmable levels of nitrosamines, all pumped bacon in the production establishment and all future production will be retained.
A few players operating in the bacon market are Applegate Farms, LLC.,Farmland Industries, Inc., Foster Farms, Hormel Foods Corporation, JBS S.A., Karro Food Group, Organic Prairie, Osi Group., Smithfield Foods, Inc. and True Story Foods among many others. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.
Bacon Market Report Scope
Report Spotlights
- Progressive industry trends in the bacon market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the bacon market from 2019 to 2027
- Estimation of global demand for Bacon
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the bacon market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the bacon market size at various nodes
- Detailed overview and segmentation of the market, as well as the bacon industry dynamics
- Size of the bacon market in various regions with promising growth opportunities
Bacon Market – By Nature
- Organic
- Conventional
Bacon Market – By Source
- Pork
- Beef
- Turkey
- Chicken
Bacon Market – By Type
- Dry Cured
- Immersion Cured
- Pumped Bacon
Bacon Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Independent Retailers
- Food Service
- Others
Company Profiles
- Applegate Farms, LLC.
- Farmland Industries, Inc.
- Foster Farms
- Hormel Foods Corporation
- JBS S.A.
- Karro Food Group
- Organic Prairie
- Osi Group.
- Smithfield Foods, Inc.
- True Story Foods
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Nature ; Source ; Type ; Distribution Channel ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, Mexico, Russian Federation, South Africa, South Korea, Uganda, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growth of the organic segment is primarily attributed to the fact that they are free from antibiotics and preservatives. Organic bacon is highly demanded as the consumers have a perception that it typically contains higher concentrations of nutritional compounds and thus is healthier. The pigs are fed all types of vegetarian and organic diet consisting of corn, alfalfa, and minerals before obtaining organic bacon from them. Mainly, organic bacon starts as a lean belly that had been trimmed by expert butchers and then smoked on apple wood at low temperatures. They are uncured and free from nitrite and nitrates. Some of the brands associated with organic bacon are Applegate Organic Bacon, Organic Prairie Bacon, and Pasture Perfect Free Range Bacon.
The major players operating in the global bacon market are Applegate Farms, LLC., Farmland Industries, Inc., Foster Farms, Hormel Foods Corporation, JBS S.A., Karro Food Group, Organic Prairie, Osi Group., Smithfield Foods, Inc. and True Story Foods among many others.
In 2018, the bacon market was predominant in North America at the global level. The food and beverage companies operating in the region are continuously enhancing the overall business processes to meet the rising customers' demands in the best possible way. Factors such as increasing demand for meat protein coupled with the rapid development and growth in meat processing technology are boosting the bacon market in the North America region. Additionally, surging demand for convenience food such as breakfast sandwiches, pizza, hamburgers, and appetizers where bacon is used as a key ingredient has surged the demand for bacon market in the region. The development of new products such as turkey and chicken bacon is projected to create new opportunities for the key players operating in the market over the forecast period.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Bacon Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Bacon Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in consumption of animal-derived products
5.1.2 Rising preference for convenience food products
5.2 Market Restraints
5.2.1 Growing health awareness among consumers due to increasing number of lifestyle and chronic diseases
5.3 Market Opportunities:
5.3.1 Development of new products by the market players
5.4 Future Trends:
5.4.1 Usage of bacon in paleo and keto diet
5.5 Impact Analysis of Drivers and Restraints
6. Bacon – Global Market Analysis
6.1 Bacon Market Overview
6.2 Bacon Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Bacon Market Analysis – By Nature
7.1 Overview
7.2 Bacon Market, By Nature (2018 and 2027)
7.3 Organic
7.3.1 Overview
7.3.1.1 Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Conventional
7.4.1 Overview
7.4.1.1 Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8. Bacon Market Analysis – By Source
8.1 Overview
8.2 Bacon Market, By Source (2018 and 2027)
8.3 Pork
8.3.1 Overview
8.3.1.1 Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Beef
8.4.1 Overview
8.4.1.1 Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Turkey
8.5.1 Overview
8.5.1.1 Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Chicken
8.6.1 Overview
8.6.1.1 Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9. Bacon Market Analysis – By Type
9.1 Overview
9.2 Bacon Market, By Type (2018 and 2027)
9.3 Dry Cured
9.3.1 Overview
9.3.1.1 Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Immersion Cured
9.4.1 Overview
9.4.1.1 Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Pumped Bacon
9.5.1 Overview
9.5.1.1 Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
10. Bacon Market Analysis – By Distribution Channel
10.1 Overview
10.2 Bacon Market, By Distribution Channel (2018 and 2027)
10.3 Supermarket and Hypermarkets
10.3.1 Overview
10.3.1.1 Supermarkets and Hypermarkets: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Independent Retailers
10.4.1 Overview
10.4.1.1 Independent Retailers: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Food Service
10.5.1 Overview
10.5.1.1 Food Service: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.1.1 Others: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11. Bacon Market – Geographic Analysis
11.1 Overview
11.2 North America: Bacon Market
11.2.1 North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.2.2 North America: Bacon Market, by Nature
11.2.3 North America: Bacon Market, by Source
11.2.4 North America: Bacon Market, by Type
11.2.5 North America: Bacon Market, by Distribution Channel
11.2.6 North America: Bacon Market, by Key Country
11.2.6.1 US: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.6.1.1 US: Bacon Market, by Nature
11.2.6.1.2 US: Bacon Market, by Source
11.2.6.1.3 US: Bacon Market, by Type
11.2.6.1.4 US: Bacon Market, by Distribution Channel
11.2.6.2 Canada: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.6.2.1 Canada: Bacon Market, by Nature
11.2.6.2.2 Canada: Bacon Market, by Source
11.2.6.2.3 Canada: Bacon Market, by Type
11.2.6.2.4 Canada: Bacon Market, by Distribution Channel
11.2.6.3 Mexico: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.6.3.1 Mexico: Bacon Market, by Nature
11.2.6.3.2 Mexico: Bacon Market, by Source
11.2.6.3.3 Mexico: Bacon Market, by Type
11.2.6.3.4 Mexico: Bacon Market, by Distribution Channel
11.3 Europe: Bacon Market
11.3.1 Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.3.2 Europe: Bacon Market, by Nature
11.3.3 Europe: Bacon Market, by Source
11.3.4 Europe: Bacon Market, by Type
11.3.5 Europe: Bacon Market, by Distribution Channel
11.3.6 Europe: Bacon Market, by Key Country
11.3.6.1 Germany: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.1.1 Germany: Bacon Market, by Nature
11.3.6.1.2 Germany: Bacon Market, by Source
11.3.6.1.3 Germany: Bacon Market, by Type
11.3.6.1.4 Germany: Bacon Market, by Distributional Channel
11.3.6.2 France: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.2.1 France: Bacon Market, by Nature
11.3.6.2.2 France: Bacon Market, by Source
11.3.6.2.3 France: Bacon Market, by Type
11.3.6.2.4 France: Bacon Market, by Distribution Channel
11.3.6.3 UK: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.3.1 UK: Bacon Market, by Nature
11.3.6.3.2 UK: Bacon Market, by Source
11.3.6.3.3 UK: Bacon Market, by Type
11.3.6.3.4 UK: Bacon Market, by Distribution Channel
11.3.6.4 Russia: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.4.1 Russia: Bacon Market, by Nature
11.3.6.4.2 Russia: Bacon Market, by Source
11.3.6.4.3 Russia: Bacon Market, by Type
11.3.6.4.4 Russia: Bacon Market, by Distribution Channel
11.3.6.5 Rest of Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.3.6.5.1 Rest of Europe: Bacon Market, by Nature
11.3.6.5.2 Rest of Europe: Bacon Market, by Source
11.3.6.5.3 Rest of Europe: Bacon Market, by Type
11.3.6.5.4 Rest of Europe: Bacon Market, by Distribution Channel
11.4 APAC: Bacon Market
11.4.1 APAC: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.4.2 APAC: Bacon Market, by Nature
11.4.3 APAC: Bacon Market, by Source
11.4.4 APAC: Bacon Market, by Type
11.4.5 APAC: Bacon Market, by Distribution Channel
11.4.6 APAC: Bacon Market, by Key Country
11.4.6.1 Australia: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.4.6.1.1 Australia: Bacon Market, by Nature
11.4.6.1.2 Australia: Bacon Market, by Source
11.4.6.1.3 Australia: Bacon Market, by Type
11.4.6.1.4 Australia: Bacon Market, by Distribution Channel
11.4.6.2 China: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.4.6.2.1 China: Bacon Market, by Nature
11.4.6.2.2 China: Bacon Market, by Source
11.4.6.2.3 China: Bacon Market, by Type
11.4.6.2.4 China: Bacon Market, by Distribution Channel
11.4.6.3 Japan: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.4.6.3.1 Japan: Bacon Market, by Nature
11.4.6.3.2 Japan: Bacon Market, by Source
11.4.6.3.3 Japan: Bacon Market, by Type
11.4.6.3.4 Japan: Bacon Market, by Distribution Channel
11.4.6.4 South Korea: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.4.6.4.1 South Korea: Bacon Market, by Nature
11.4.6.4.2 South Korea: Bacon Market, by Source
11.4.6.4.3 South Korea: Bacon Market, by Type
11.4.6.4.4 South Korea: Bacon Market, by Distribution Channel
11.4.6.5 Rest of APAC: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.4.6.5.1 Rest of APAC: Bacon Market, by Nature
11.4.6.5.2 Rest of APAC: Bacon Market, by Source
11.4.6.5.3 Rest of APAC: Bacon Market, by Type
11.4.6.5.4 Rest of APAC: Bacon Market, by Distribution Channel
11.5 MEA: Bacon Market
11.5.1 MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.5.2 MEA: Bacon Market, by Nature
11.5.3 MEA: Bacon Market, by Source
11.5.4 MEA: Bacon Market, by Type
11.5.5 MEA: Bacon Market, by Distribution Channel
11.5.6 MEA: Bacon Market, by Key Country
11.5.6.1 South Africa: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.1.1 South Africa: Bacon Market, by Nature
11.5.6.1.2 South Africa: Bacon Market, by Source
11.5.6.1.3 South Africa: Bacon Market, by Type
11.5.6.1.4 South Africa: Bacon Market, by Distribution Channel
11.5.6.2 Uganda: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.2.1 Uganda: Bacon Market, by Nature
11.5.6.2.2 Uganda: Bacon Market, by Source
11.5.6.2.3 Uganda: Bacon Market, by Type
11.5.6.2.4 Uganda: Bacon Market, by Distribution Channel
11.5.6.3 UAE: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.3.1 UAE: Bacon Market, by Nature
11.5.6.3.2 UAE: Bacon Market, by Source
11.5.6.3.3 UAE: Bacon Market, by Type
11.5.6.3.4 UAE: Bacon Market, by Distribution Channel
11.5.6.4 Rest of MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.5.6.4.1 Rest of MEA: Bacon Market, by Nature
11.5.6.4.2 Rest of MEA: Bacon Market, by Source
11.5.6.4.3 Rest of MEA: Bacon Market, by Type
11.5.6.4.4 Rest of MEA: Bacon Market, by Distribution Channel
11.6 SAM: Bacon Market
11.6.1 SAM: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.6.2 SAM: Bacon Market, by Nature
11.6.3 SAM: Bacon Market, by Source
11.6.4 SAM: Bacon Market, by Type
11.6.5 SAM: Bacon Market, by Distribution Channel
11.6.6 SAM: Bacon Market, by Key Country
11.6.6.1 Brazil: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.6.6.1.1 Brazil: Bacon Market, by Nature
11.6.6.1.2 Brazil: Bacon Market, by Source
11.6.6.1.3 Brazil: Bacon Market, by Type
11.6.6.1.4 Brazil: Bacon Market, by Distribution Channel
11.6.6.2 Argentina: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.6.6.2.1 Argentina: Bacon Market, by Nature
11.6.6.2.2 Argentina: Bacon Market, by Source
11.6.6.2.3 Argentina: Bacon Market, by Type
11.6.6.2.4 Argentina: Bacon Market, by Distribution Channel
11.6.6.3 Rest of SAM: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.6.6.3.1 Rest of SAM: Bacon Market, by Nature
11.6.6.3.2 Rest of SAM: Bacon Market, by Source
11.6.6.3.3 Rest of SAM: Bacon Market, by Type
11.6.6.3.4 Rest of SAM: Bacon Market, by Distribution Channel
12. Impact of COVID-19 Pandemic on Global Bacon Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.6 South America: Impact Assessment of COVID-19 Pandemic
13. Key Company Profiles
13.1 Applegate Farms, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Farmland Industries, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Foster Farms, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 Hormel Foods Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 JBS S.A
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Development
13.6 Karro Food Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Organic Prairie
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 OSI Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 Smithfield Foods, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.10 True Story Foods
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 3. North America Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. North America Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 6. US Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 7. US Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 8. US Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. US Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 10. Canada Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 11. Canada Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 12. Canada Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Canada Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 14. Mexico Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 15. Mexico Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 16. Mexico Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 17. Mexico Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 18. Europe Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 19. Europe Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 20. Europe Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 21. Europe Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 22. Germany Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 23. Germany Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 24. Germany Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 25. Germany Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 26. France Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 27. France Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 28. France Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 29. France Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 30. UK Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 31. UK Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 32. UK Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 33. UK Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 34. Russia Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 35. Russia Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 36. Russia Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 37. Russia Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 38. Rest of Europe Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 39. Rest of Europe Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 40. Rest of Europe Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 41. Rest of Europe Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 42. Asia-Pacific Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 43. Asia-Pacific Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 44. Asia-Pacific Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 45. Asia-Pacific Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 46. Australia Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 47. Australia Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 48. Australia Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 49. Australia Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 50. China Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 51. China Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 52. China Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 53. China Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 54. Japan Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 55. Japan Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 56. Japan Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 57. Japan Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 58. South Korea Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 59. South Korea Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 60. South Korea Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 61. South Korea Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 62. Rest of APAC Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 63. Rest of APAC Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 64. Rest of APAC Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 65. Rest of APAC Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 66. MEA Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 67. MEA Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 68. MEA Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 69. MEA Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 70. South Africa Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 71. South Africa Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 72. South Africa Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 73. South Africa Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 74. Uganda Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 75. Uganda Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 76. Uganda Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 77. Uganda Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 78. UAE Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 79. UAE Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 80. UAE Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 81. UAE Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 82. Rest of MEA Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 83. Rest of MEA Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 84. Rest of MEA Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 85. Rest of MEA Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 86. South America Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 87. South America Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 88. South America Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 89. South America Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 90. Brazil Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 91. Brazil Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 92. Brazil Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 93. Brazil Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 94. Argentina Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 95. Argentina Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 96. Argentina Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 97. Argentina Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 98. Rest of SAM Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 99. Rest of SAM Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 100. Rest of SAM Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 101. Rest of SAM Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 102. Glossary of Terms, Global Bacon Market
LIST OF FIGURES
Figure 1. Bacon Market Segmentation
Figure 2. Bacon Market Segmentation – By Geography
Figure 3. Global Bacon Market Overview
Figure 4. Pork Segment Held Largest Share of Global Bacon Market
Figure 5. North America Region Held Largest Share of Global Bacon Market
Figure 6. Global Bacon Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Bacon Market Impact Analysis of Driver and Restraints
Figure 14. Geographic Overview of Bacon Market
Figure 15. North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 17. Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 20. Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 25. Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 29. Supermarkets and Hypermarkets: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Independent Retailers: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Food Service: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Others: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 33. Global Bacon Market Revenue Share, by Region (2018 and 2027)
Figure 34. North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. North America: Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 36. North America: Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 37. North America: Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 38. North America: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 39. North America: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 40. US: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 41. Canada: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 42. Mexico: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 43. Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. Europe: Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 45. Europe: Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 46. Europe: Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 47. Europe: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 48. Europe: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 49. Germany: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. France: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. UK: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Russia: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. Rest of Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. APAC: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. APAC: Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 56. APAC: Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 57. APAC: Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 58. APAC: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 59. APAC: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 60. Australia: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 61. China: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 62. Japan: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 63. South Korea: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 64. Rest of APAC: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 65. MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. MEA: Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 67. MEA: Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 68. MEA: Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 69. Europe: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 70. MEA: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 71. South Africa: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. Uganda: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. UAE: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. Rest of MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 75. SAM: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 76. SAM: Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 77. SAM: Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 78. SAM: Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 79. SAM: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 80. SAM: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 81. Brazil: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 82. Argentina: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 83. Rest of SAM: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 84. Impact of COVID-19 Pandemic in North American Country Markets
Figure 85. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 86. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 87. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 88. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Global Bacon Market
- Applegate Farms, LLC
- Farmland Industries, Inc
- Foster Farms
- Hormel Foods Corporation
- JBS S.A.
- Karro Food Group
- Organic Prairie
- OSI Group
- Smithfield Foods, Inc
- True Story Foods
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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