The global smoked bacon and ham market size was valued at $13,939.4 million in 2020, and is estimated to reach $20,919.1 million by 2030, registering a CAGR of 4.47% from 2021 to 2030.
Smoked bacon and ham is a fatty portion of a pig’s back/belly cut to preserve meat by adding flavors and roasting the pieces to serve a smoky aroma and texture. It is a smoked or ready-to-eat pork meat product that is served in a restaurant or heavily available in the retail sectors worldwide. These are available in cuts or as sliced meats that are vacuum-packed and are available in hypermarkets/supermarkets, food services sector, and other retail channels. These pork meats are available in two variants, including smoked bacon and smoked ham. Curing involves aging, drying, smoking, and processing the meat using chemical additives to draw moisture and provide a longer shelflife to the products. Uncured meat is preserved with the help of natural ingredients such as salt and celery powder.
The increasing interest of consumers over innovative and flavored meats is playing a significant role in the rising popularity of smoked bacon and ham in developing economies such as India, Philippines, and others. Furthermore, consumers' daily schedules have become hectic over the years, necessitating a lifestyle change to tackle the daily chores. Consumers' hectic schedules are compelling them to adopt the consumption of processed meals to save time. On the other hand, smoked bacon and ham manufacturers are developing high-quality products that are grabbing customers' attention. People have become more aware of the concerns associated with consuming chemically processed meat products in recent years, as they may be a source of nitrates and nitrites. As a response, firms have produced nitrates-free bacon and ham, which encourages people to enjoy meat products in the market.
The nutritional offerings of pork and pork meat products such as smoked ham and bacon are few of the major factors retaining consumers in the market. The consumers are looking for taste, texture, innovation along with the nutritional intake in the food. Protein is a source of amino acids, and an appropriate protein diet is essential for sustaining the health and growth of the muscles in the body. Animal proteins are complete proteins, as they include all necessary amino acids in a balanced diet. Animal protein has been related to nutritional advantages, such as decreasing the risk of type 2 diabetes, lowering the risk of heart disease and maintaining body weight. Thus, smoked bacon and ham are enticing consumers by offering them the taste and nutritional benefits. According to the Food and Agriculture Organization (FAO), in 2020, the global animal protein consumption was around 334.5 million tons, and in 2019, the consumption was around 334 million tons.
The global smoked bacon and ham market is segmented into type, distribution channel, and region. On the basis of type, the market is categorized into smoked bacon and smoked ham. By distribution channel, it is segregated into hypermarkets/supermarkets, food services, convenience stores, online retailers, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Spain, Germany, France, Italy, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, Philippines, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Argentina, and rest of LAMEA).
The players operating in the global smoked bacon and ham market have adopted various developmental strategies to expand their deli meat market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Smithfield Foods, Inc., Tyson Foods, Hormel Foods Corporation, Pestells Rai Bacon Company, Cornish Farmhouse Bacon Co Ltd, Boks Bacon, Holly Bacon, Sunnyvalley Smoked Meats, JBS USA, and Hill Meat Company.
Smoked bacon and ham is a fatty portion of a pig’s back/belly cut to preserve meat by adding flavors and roasting the pieces to serve a smoky aroma and texture. It is a smoked or ready-to-eat pork meat product that is served in a restaurant or heavily available in the retail sectors worldwide. These are available in cuts or as sliced meats that are vacuum-packed and are available in hypermarkets/supermarkets, food services sector, and other retail channels. These pork meats are available in two variants, including smoked bacon and smoked ham. Curing involves aging, drying, smoking, and processing the meat using chemical additives to draw moisture and provide a longer shelflife to the products. Uncured meat is preserved with the help of natural ingredients such as salt and celery powder.
The increasing interest of consumers over innovative and flavored meats is playing a significant role in the rising popularity of smoked bacon and ham in developing economies such as India, Philippines, and others. Furthermore, consumers' daily schedules have become hectic over the years, necessitating a lifestyle change to tackle the daily chores. Consumers' hectic schedules are compelling them to adopt the consumption of processed meals to save time. On the other hand, smoked bacon and ham manufacturers are developing high-quality products that are grabbing customers' attention. People have become more aware of the concerns associated with consuming chemically processed meat products in recent years, as they may be a source of nitrates and nitrites. As a response, firms have produced nitrates-free bacon and ham, which encourages people to enjoy meat products in the market.
The nutritional offerings of pork and pork meat products such as smoked ham and bacon are few of the major factors retaining consumers in the market. The consumers are looking for taste, texture, innovation along with the nutritional intake in the food. Protein is a source of amino acids, and an appropriate protein diet is essential for sustaining the health and growth of the muscles in the body. Animal proteins are complete proteins, as they include all necessary amino acids in a balanced diet. Animal protein has been related to nutritional advantages, such as decreasing the risk of type 2 diabetes, lowering the risk of heart disease and maintaining body weight. Thus, smoked bacon and ham are enticing consumers by offering them the taste and nutritional benefits. According to the Food and Agriculture Organization (FAO), in 2020, the global animal protein consumption was around 334.5 million tons, and in 2019, the consumption was around 334 million tons.
The global smoked bacon and ham market is segmented into type, distribution channel, and region. On the basis of type, the market is categorized into smoked bacon and smoked ham. By distribution channel, it is segregated into hypermarkets/supermarkets, food services, convenience stores, online retailers, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Spain, Germany, France, Italy, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, Philippines, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Argentina, and rest of LAMEA).
The players operating in the global smoked bacon and ham market have adopted various developmental strategies to expand their deli meat market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Smithfield Foods, Inc., Tyson Foods, Hormel Foods Corporation, Pestells Rai Bacon Company, Cornish Farmhouse Bacon Co Ltd, Boks Bacon, Holly Bacon, Sunnyvalley Smoked Meats, JBS USA, and Hill Meat Company.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the smoked bacon and ham market trends, estimations, and dynamics of the smoked bacon and ham market size from 2020 to 2030 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis, the market size, and segmentation assist to determine the prevailing smoked bacon and ham market opportunities.- The major countries in each region are mapped according to their revenue contribution to the smoked bacon and ham market.
- The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the smoked bacon and ham industry.
Key Market Segments
By Type
- Smoked Bacon
- Smoked Ham
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience stores
- Food Services
- Online Retailers
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Spain
- France
- Poland
- Italy
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Philippines
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Argentina
- Rest of LAMEA
Key Market Players
- Smithfield Foods, Inc.
- Tyson Foods, Inc.
- Hormel Foods Corporation
- Pestells Rai Bacon Company
- Cornish Farmhouse Bacon Co Ltd
- Boks Bacon
- Holly Bacon
- Sunnyvalley Smoked Meats
- JBS USA
- Hill Meat Company
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SMOKED BACON AND HAM MARKET, BY TYPE
CHAPTER 5: SMOKED BACON AND HAM MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: SMOKED BACON AND HAM MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Smoked Bacon and Ham Market, by type and distribution channel: opportunity analysis and industry forecast, 2021-2030,' the smoked bacon and ham market was valued at $13.9 billion in 2020, and is estimated to reach $20.9 billion by 2030, growing at a CAGR of 4.47% from 2021 to 2030.Smoked bacon and ham are prepared by transforming the pork meat or its by-products by fermentation, salting, smoking, curing, and other processes in order to enhance the taste and extend the shelf life of the meat product. Pork meat are generally processed and various processed meat products include ham, bacon, sausages, hot dogs, and pepperoni. Different preservatives and additives such as sodium nitrite, sodium nitrate, spices, and sodium phosphate are used in processing of bacon and ham that adds flavor and reduces the growth of microorganisms which prevents the spoilage of food. The smoked bacon and ham market is gaining traction in the global markets due to the growing preference of convenience foods among the population along with the tasty and nutritional food in their hectic schedule. Rising disposable income, changing lifestyle of the consumers, increasing adoption of westernization in the food, and rapid growth in urban population are expected to foster the growth of smoked bacon and ham market size during the forecast period.
The hectic and busy lifestyle of the working professionals, especially the working youth population, wants to spend less time for cooking. Hence, they prefer ready-to-cook and ready-to-eat food products that can fulfill their nutritional needs. Smoked bacon and ham serve this need and saves their time. This is a major factor propelling the growth of the global smoked bacon and ham industry. The increasing penetration of quick service restaurants chains, hotels, fast casual restaurants, cloud kitchens, and cafes has led to the growth of the processed meat market in the North America and Europe, which in turn fueling the smoked bacon and ham market growth. According to the data published by the Centers for Disease Control and Prevention (CDC), around 36.6% of adults in U.S. consumes fast food on regular basis. Hence, the fast-food chains and emerging retail industry are contributing towards the growth in the consumption of smoked bacon and ham in the developed markets like North America and Europe. The rapid growth and penetration of these fast-food chains in Asia-Pacific and LAMEA is expected to boost the demand for these products in the forthcoming years and hence providing lucrative growth opportunities to the players operating in the market.
The rise in preference for organic meat across the globe is expected to be one of the smoked bacon and ham market trends in the market. Growing health consciousness and awareness regarding healthy food habits among the global population is encouraging consumers to choose organic food products. Organic labelled food ensures that the food is chemical-free. By organic meat, it is meant that no growth promoters, drugs, or any other additives are fed to the livestock. Animal feed must be grown in accordance with organic standards. Hence, the use of organic meat in the production of smoked bacon and ham is expected to gain traction in the developed markets.
Key findings of the Study
- By type, the smoked ham segment accounted for the highest market share in 2020, growing at a CAGR of 4.25% from 2020 to 2030.
- By distribution channel, the supermarkets/hypermarkets segment accounted for the highest smoked bacon and ham market share in 2020, growing at a CAGR of 4.45% from 2020 to 2030.
- By Region, Asia-Pacific occupied the maximum share in the market in 2020, and is expected to be the dominating segment during the smoked bacon and ham market forecast period.
- The players operating in the global smoked bacon and ham market have adopted various developmental strategies to expand their deli meat market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Smithfield Foods, Inc., Tyson Foods, Hormel Foods Corporation, Pestells Rai Bacon Company, Cornish Farmhouse Bacon Co Ltd, Boks Bacon, Holly Bacon, Sunnyvalley Smoked Meats, JBS USA, and Hill Meat Company.
Companies Mentioned
- Smithfield Foods, Inc.
- Tyson Foods, Inc.
- Hormel Foods Corporation
- Pestells Rai Bacon Company
- Cornish Farmhouse Bacon Co Ltd
- Boks Bacon
- Holly Bacon
- Sunnyvalley Smoked Meats
- JBS USA
- Hill Meat Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 13939.4 million |
| Forecasted Market Value ( USD | $ 20919.1 million |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
