Smoked Bacon and Ham Global Market Report 2024

Smoked bacon and ham serve as convenient ingredients for a variety of dishes, including sandwiches and burgers. These products are made from pork that undergoes a process of curing, cooking, and smoking to enhance their taste and flavor. Although both bacon and ham originate from pork, they differ in the sections from which they are derived and the curing methods employed. Smoked bacon and ham are popular choices for adding flavor to pizzas, burgers, and other dishes, making them widely regarded as convenient foods.

The main types of smoked bacon and ham include smoked bacon and smoked ham. Smoked bacon is a ready-to-cook ingredient commonly used in dishes like sandwiches. It is made from cured pig meat, and the smoking process involves the use of various types of wood chips or sawdust to impart different flavors. These products are distributed through various channels, including supermarkets or hypermarkets, convenience stores, food services, online retailers, and others, catering to both foodservice and retail applications.

The smoked bacon and ham market research report is one of a series of new reports that provides smoked bacon and ham market statistics, including smoked bacon and ham industry, regional shares, competitors with smoked bacon and ham market share, detailed smoked bacon and ham market segments, market trends and opportunities, and any further data you may need to thrive in the smoked bacon and ham industry. This smoked bacon and ham global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The smoked bacon and ham market size has grown strongly in recent years. It will grow from $15.1 billion in 2023 to $15.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth observed during the historical period can be attributed to several factors, including an increased demand for meat products, the preservation and popularity of traditional cuisine and culture, expansion within the food processing industry, rising disposable income, and changing lifestyles.

The smoked bacon and ham market size is expected to see strong growth in the next few years. It will grow to $19.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period can be attributed to several factors, including an increasing consumer focus on healthier eating habits, a growing demand for organic and natural meat products, rising interest in plant-based meat alternatives, the popularity of online retail channels, and an increasing demand for low-sodium and low-fat meat products. Major trends expected in the forecast period include the growing popularity of meat snacks, a rising demand for sustainable and eco-friendly packaging, the introduction of innovative flavors and varieties, a focus on artisanal and craft products, and a heightened interest in smoked meats for charcuterie.

The growth of the smoked bacon and ham market is being propelled by the increasing popularity of fast-food chains, cafes, and hotels. Fast-food chains, encompassing cafes and restaurants known for swiftly preparing and serving food, are significant contributors to the rising demand for smoked bacon and ham. These meats are favored additions to non-vegetarian sandwiches and burgers offered by these establishments. The market is thriving, with over 37,000 McDonald's locations worldwide, according to Budget Branders, a US-based entity in the food and beverage service industry. Additionally, the average annual spending on fast food by Americans is reported to be $1,200. This surge in the popularity of fast-food establishments is a driving force behind the growing demand for smoked bacon and ham.

The smoked bacon and ham market is anticipated to experience growth due to the increased consumption of meat snacks. Meat snacks, a category of quick food products derived from various meat sources, are witnessing heightened demand. Smoked bacon and ham, with their rich and savory flavors, play a pivotal role in various meat snacks. The adaptability of these meats enhances the depth and smokiness of a wide range of snack options, making them popular choices. In 2023, JerkyBrands LLC reported a 40% increase in meat snack purchases over the past four years, reaching $4.9 billion in 2022 from $3.5 billion in 2019. The growing consumption of meat snacks is a significant driver for the smoked bacon and ham market.

A key trend gaining traction in the smoked bacon and ham market is technological advancements, particularly in smoke technology. Companies are consistently innovating to enhance the quality of smoke and flavor, attracting more consumers to opt for smoked bacon and ham. In August 2021, TMI Foods, a UK-based supplier of fully cooked crispy bacon, signed an exclusive licensing agreement with Besmoke to incorporate innovative Puresmoke technology at TMI Foods' Northampton facility. This technology promises to deliver authentic and clean wood smoke flavors to bacon through an integrated curing/cooking process.

Major companies in the smoked bacon and ham market are keen on developing innovative products to cater to the evolving needs of consumers. An example is the introduction of organic applewood smoked bacon, a favored variety known for its naturally smoky flavor. Crafted using organic and sustainable ingredients in adherence to stringent agricultural and animal welfare standards, this variety appeals to consumers seeking a unique taste profile. In May 2023, North Country Smokehouse LLC, a US-based manufacturing company of handmade smoked meats, launched organic, thick-cut applewood smoked bacon. This product, made from high-quality pigs and smoked with natural hardwood, offers a delicate and flavorful option that can be enjoyed on its own or as a versatile ingredient in various cuisines.

In October 2021, Swift Prepared Foods, a US-based manufacturer of prepared foods, acquired Sunnyvalley Smoked Meats for $90 million. This strategic acquisition is expected to facilitate Swift Prepared Foods in expanding its geographic footprint in the smoked bacon market. Sunnyvalley Smoked Meats, a US-based producer of smoked bacon, turkey, and ham, caters to both retail and wholesale customers.

Major companies operating in the smoked bacon and ham market include Nueske's Applewood Smoked Meat, Hormel Foods Corporation, Smithfield Foods Inc., The Kraft Heinz Company, Nassau Foods Inc., Pestells Rai Bacon Company, Cornish Farmhouse Bacon Co. Ltd., Boks Bacon, Sikorski Sausages Co. Ltd., Holly Bacon Company, Kaminiarz Gmbh, Vermont Smoke & Cure Co., Oscar Mayer, JBS USA Holdings Inc., Tyson Foods Inc., Sunnyvalley Smoked Meats Inc., Hill Meat Company, Nueske's, Benton's Smoky Mountain Country Hams, Daily's Meats LLC, Kraft Heinz Company, Nassau Foods Inc., Broadbent Foods, Applegate Farms LLC, Farmland Foods Inc., Black Bear Technology Solutions LLC, Boar's Head Provisions Company Inc., Columbus Craft Meats Inc., D'Artagnan Inc., Diestel Family Ranch, Fra'Mani Handcrafted Foods, Hempler Foods Group, La Quercia, Niman Ranch, North Country Smokehouse LLC, Pederson's Natural Farms Inc., Schaller & Weber, Smoking Goose Meatery, Tender Belly LLC, Fabuloso Foods Inc.

Asia-Pacific was the largest region in the smoked bacon and ham market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smoked bacon and ham market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the smoked bacon and ham market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The smoked bacon and ham market consists of sales of ham, bacon, sausages, hot dogs, and pepperoni. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.