Bacon Market Overview:
The latest research study “Bacon Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global bacon market size reached a value of US$ 65.27 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 83.55 Billion by 2027 exhibiting a CAGR of 3.80% during 2022-2027.
Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/bacon-market/requestsample
Bacon is a type of pork generally prepared from the side of a pig that is preserved and smoked after removing the spare ribs. It is consumed as a side dish and is utilized in various foods such as soups, sweets like maple bacon ice cream, sandwiches and salads. It is accessible in multiple variants such as regular-sliced, thick-sliced, thin-sliced, slabs and ends, and pieces. It has a distinguished smokey flavor and a long shelf life.
COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Bacon Market Trends and Drivers:
One of the primary factors driving the market growth is the significant rise in the demand for ready-to-eat (RTE) and ready-to-cook (RTC) food on account of the expanding working population, busy lifestyle and changing dietary habits. Additionally, the rising consumer acceptance of convenience meat products with improved quality, prolonged shelf-life and intensified taste is propelling the market growth.
Besides this, the strategy of various foodservice outlets to increase the menu options to appeal to more customers by presenting a wide variety of bacon products is propelling the market growth. Furthermore, the increasing consumption of meat products like bacon as part of paleo and keto diet plans among fitness-conscious masses is also catalyzing its demand across the globe. In line with this, several leading players are offering innovative product variants, such as low-calorie, gluten-free bacon, to grow their product portfolio and gain a competitive edge in the market.
They are also making investments in sustainable packaging solutions due to the growing environmental concerns. Other growth-inducing factors are inflating customer expenditure capacity, shifting preferences toward nutritious and healthy food items, and the rising influence of cross-culture dietary patterns.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/bacon-market
Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Global Bacon Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Bacon Companies:
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.
The report has segmented the market on the basis of region, 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:
- 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
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Read Also: Evaporative Cooling Market Share, Growth, Report 2022-2027
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:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800