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Bacon Market Report by Type, Product Type, Source, Nature, Distribution Channel, and Region 2024-2032

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    Report

  • 144 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5820799
Description Jump to:
The global bacon market size reached US$ 70.9 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 94.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2023-2032.

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:

The report 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 2024-2032. 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 2023?
2. What is the expected growth rate of the global bacon market during 2024-2032?
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
11.2 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
11.3 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
11.4 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
11.5 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
List of Figures
Figure 1: Global: Bacon Market: Major Drivers and Challenges
Figure 2: Global: Bacon Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Bacon Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Bacon Market: Breakup by Type (in %), 2023
Figure 5: Global: Bacon Market: Breakup by Product Type (in %), 2023
Figure 6: Global: Bacon Market: Breakup by Source (in %), 2023
Figure 7: Global: Bacon Market: Breakup by Nature (in %), 2023
Figure 8: Global: Bacon Market: Breakup by Distribution Channel (in %), 2023
Figure 9: Global: Bacon Market: Breakup by Region (in %), 2023
Figure 10: Global: Bacon (Dry Cured) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Bacon (Dry Cured) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Bacon (Immersion Cured) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Bacon (Immersion Cured) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Bacon (Pumped Bacon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Bacon (Pumped Bacon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Bacon (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Bacon (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Bacon (Standard Bacon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Bacon (Standard Bacon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Bacon (Ready-To-Eat Bacon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Bacon (Ready-To-Eat Bacon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Bacon (Pork) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Bacon (Pork) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Bacon (Beef) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Bacon (Beef) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Bacon (Turkey) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Bacon (Turkey) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Bacon (Chicken) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Bacon (Chicken) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Bacon (Organic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Bacon (Organic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Bacon (Conventional) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Bacon (Conventional) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Bacon (Institutional Sales (HoReCa)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Bacon (Institutional Sales (HoReCa)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Bacon (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Bacon (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Bacon (Independent Retailers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Bacon (Independent Retailers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Bacon (Specialist Retailers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Bacon (Specialist Retailers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Bacon (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Bacon (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia-Pacific: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia-Pacific: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Bacon Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Bacon Market: Breakup by Country (in %), 2023
Figure 92: Middle East and Africa: Bacon Market Forecast: Sales Value (in Million US$), 2024-2032
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, 2023 and 2032
Table 2: Global: Bacon Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Bacon Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 4: Global: Bacon Market Forecast: Breakup by Source (in Million US$), 2024-2032
Table 5: Global: Bacon Market Forecast: Breakup by Nature (in Million US$), 2024-2032
Table 6: Global: Bacon Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 7: Global: Bacon Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Bacon Market: Competitive Structure
Table 9: Global: Bacon Market: Key Players

Companies Mentioned

  • 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
  • Tyson Foods Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 70.9 Billion
Forecasted Market Value ( USD ) by 2032 $ 94.5 Billion
Compound Annual Growth Rate3.2%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Bacon Market

The Bacon market is a subset of the Meat, Poultry and Eggs industry. Bacon is a type of cured pork, usually made from the belly or back of a pig. It is typically served as a breakfast food, but can also be used in a variety of dishes. Bacon is a popular food item in many countries, and is often used as a topping for salads, sandwiches, and other dishes. Bacon is produced by a variety of companies, ranging from small, local producers to large, multinational corporations. Companies in the Bacon market include Smithfield Foods, Hormel Foods, Tyson Foods, and Oscar Mayer. These companies produce a variety of bacon products, including traditional bacon, turkey bacon, and vegetarian bacon. Additionally, some companies offer specialty bacon products, such as flavored bacon, smoked bacon, and pre-cooked bacon. Show Less Read more

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