Asia Pacific Bacon Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Nature (Organic, Conventional), Source (Pork, Beef, Turkey, Chicken), Type (Dry Cured, Immersion Cured, Pumped Bacon), Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Food Service, Others), and Country
The bacon market in APAC is expected to grow from US$ 6468.6 million in 2019 to US$ 9,281.1 million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027.
China, Australia, Japan, South Korea and Rest of APAC are the major economies in APAC. The growing preference for convenience food products will boost the growth of bacon market. Convenient foods are food products that need less time and effort for preparation. The demand for convenience foods such as tinned or packaged meat products, kinds of bacon, and others is increasing at a faster pace due to changes in social and economic patterns, and rapid urbanization. Additionally, the increasing buying power of the consumers, rising awareness about health foods, and changes in food habits and meal patterns further bolster the demand for convenience food. Convenience food is rapidly gaining popularity among children, teenage, working-class people, and people living in hostels and bachelors. The significant shift of the people towards convenience foods in developed countries such as the China, Australia, Japan, South Korea, and Rest of APAC among others, is driving the demand for bacon market in APAC region. Bacon is extensively used by individual consumers and by foodservice providers. Bacon offers food service providers, restaurants, and other consumers a simple and easy way to offer a great variety of food options. Therefore, the increasing demand for bacon for the preparation of various recipe is projected to drive market growth. Thus, the growth in the food sector is expected to create a significant demand for bacon in the coming years, which is further anticipated to drive the market in APAC.
The presence of various emerging economies, along with rapid industrialization, massive population, and rising disposable income among individuals, are the major factors driving the APAC linear accelerator market's growth. However, the outbreak of COVID-19 is expected to worsen in the coming months, affecting APAC's economic stability. Although China is the world's leading raw material supplier for various industries and global manufacturing hub, it is the worst affected country due to the COVID-19 outbreak in APAC followed by India, which declared 10 weeks' nationwide lockdown causing cease of business operations. Several governments across APAC are taking significant actions such as travel bans, business shutdowns, and lockdowns to mitigate the COVID-19 outbreak, which affects the revenue generation and growth opportunities in APAC.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Bacon market. The APAC Bacon market is expected to grow at a good CAGR during the forecast period.
APAC Bacon Market Revenue and Forecast to 2027 (US$ Mn)
APAC Bacon Market Segmentation
APAC Bacon Market – By Nature
- Organic
- Conventional
APAC Bacon Market – By Source
- Pork
- Beef
- Turkey
- Chicken
APAC Bacon Market – By Type
- Dry Cured
- Immersion Cured
- Pumped Bacon
APAC Bacon Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Independent Retailers
- Food Service
- Others
APAC Bacon Market, by Country
- China
- Australia
- Japan
- South Korea
- Rest of APAC
APAC Bacon Market-Companies Mentioned
• OSI Group
• JBS S.A
• Hormel Foods Corporation
• Farmland Industries, Inc.
• Applegate Farms, LLC
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Bacon Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Expert Opinion
5. Bacon Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in consumption of animal-derived products
5.1.2 Growing preference for convenience food products
5.2 Market Restraints
5.2.1 Rising health awareness among consumers due to increasing number of lifestyle and chronic diseases
5.3 Market Opportunities:
5.3.1 Development of new products by the market players
5.4 Future Trends:
5.4.1 Usage of bacon in paleo and keto diet
5.5 Impact Analysis of Drivers and Restraints
6. Bacon – APAC Market Analysis
6.1 Bacon Market Overview
6.2 Bacon Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Bacon Market Analysis – By Nature
7.1 Overview
7.2 APAC Bacon Market, By Nature (2018 and 2027)
7.3 Organic
7.3.1 Overview
7.3.1.1 Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Conventional
7.4.1 Overview
7.4.1.1 Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8. Bacon Market Analysis – By Source
8.1 Overview
8.2 APAC Bacon Market, By Source (2018 and 2027)
8.3 Pork
8.3.1 Overview
8.3.1.1 Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Beef
8.4.1 Overview
8.4.1.1 Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Turkey
8.5.1 Overview
8.5.1.1 Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Chicken
8.6.1 Overview
8.6.1.1 Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9. Bacon Market Analysis – By Type
9.1 Overview
9.2 APAC Bacon Market, By Type (2018 and 2027)
9.3 Dry Cured
9.3.1 Overview
9.3.1.1 Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Immersion Cured
9.4.1 Overview
9.4.1.1 Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Pumped Bacon
9.5.1 Overview
9.5.1.1 Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
10. Bacon Market Analysis – By Distribution Channel
10.1 Overview
10.2 APAC Bacon Market, By Distribution Channel (2018 and 2027)
10.3 Supermarket and Hypermarkets
10.3.1 Overview
10.3.1.1 Supermarkets and Hypermarkets: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Independent Retailers
10.4.1 Overview
10.4.1.1 Independent Retailers: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Food Service
10.5.1 Overview
10.5.1.1 Food Service: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.1.1 Others: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11. Bacon Market – Country Analysis
11.1 Overview
11.2 APAC: Bacon Market
11.2.1 APAC: Bacon Market, by Key Country
11.2.1.1 Australia: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.1.1.1 Australia: Bacon Market, by Nature
11.2.1.1.2 Australia: Bacon Market, by Source
11.2.1.1.3 Australia: Bacon Market, by Type
11.2.1.1.4 Australia: Bacon Market, by Distribution Channel
11.2.1.2 China: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.1.2.1 China: Bacon Market, by Nature
11.2.1.2.2 China: Bacon Market, by Source
11.2.1.2.3 China: Bacon Market, by Type
11.2.1.2.4 China: Bacon Market, by Distribution Channel
11.2.1.3 Japan: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.1.3.1 Japan: Bacon Market, by Nature
11.2.1.3.2 Japan: Bacon Market, by Source
11.2.1.3.3 Japan: Bacon Market, by Type
11.2.1.3.4 Japan: Bacon Market, by Distribution Channel
11.2.1.4 South Korea: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.1.4.1 South Korea: Bacon Market, by Nature
11.2.1.4.2 South Korea: Bacon Market, by Source
11.2.1.4.3 South Korea: Bacon Market, by Type
11.2.1.4.4 South Korea: Bacon Market, by Distribution Channel
11.2.1.5 Rest of APAC: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.2.1.5.1 Rest of APAC: Bacon Market, by Nature
11.2.1.5.2 Rest of APAC: Bacon Market, by Source
11.2.1.5.3 Rest of APAC: Bacon Market, by Type
11.2.1.5.4 Rest of APAC: Bacon Market, by Distribution Channel
12. Impact of COVID-19 Pandemic on APAC Bacon Market
12.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
13. Key Company Profiles
13.1 Applegate Farms, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Farmland Industries, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Hormel Foods Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 JBS S.A
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Development
13.5 OSI Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. APAC Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 3. Australia Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 4. Australia Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. Australia Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 6. China Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 7. China Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 8. China Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. China Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 10. Japan Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 11. Japan Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 12. Japan Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Japan Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 14. South Korea Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 15. South Korea Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 16. South Korea Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 17. South Korea Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 18. Rest of APAC Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 19. Rest of APAC Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 20. Rest of APAC Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 21. Rest of APAC Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 22. Glossary of Terms, APAC Bacon Market
LIST OF FIGURES
Figure 1. APAC Bacon Market Segmentation
Figure 2. APAC Bacon Market Segmentation – By Country
Figure 3. APAC Bacon Market Overview
Figure 4. Pork Segment Held Largest Share of APAC Bacon Market
Figure 5. China Country Held Largest Share of APAC Bacon Market
Figure 6. APAC Bacon Market, Industry Landscape
Figure 7. APAC: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Bacon Market Impact Analysis of Driver and Restraints
Figure 10. APAC: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. APAC Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 12. APAC Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. APAC Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. APAC Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 15. APAC Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. APAC Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. APAC Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. APAC Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. APAC Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 20. APAC Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. APAC Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. APAC Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. APAC Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 24. APAC Supermarkets and Hypermarkets: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. APAC Independent Retailers: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. APAC Food Service: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. APAC Others: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. APAC: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 29. Australia: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. China: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Japan: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 32. South Korea: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 33. Rest of APAC: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- OSI Group
- JBS S.A
- Hormel Foods Corporation
- Farmland Industries, Inc.
- Applegate Farms, LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Bacon market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC Bacon market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Bacon market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.