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 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. Bacon 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-19Impact 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
|Bacon Market Report Scope|
|Market size value in 2021||US$ 65.27 Billion|
|Market forecast in 2027||US$ 83.55 Billion|
|Growth Rate||CAGR of 3.80% from 2022 to 2027|
|Base year for estimation||2021|
Global Bacon Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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
Breakup by Product Type:
- Standard Bacon
- Ready-To-Eat Bacon
Market Breakup by Source:
Breakup by Nature:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Independent Retailers
- Specialist Retailers
Market 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.
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.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
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