Asia Pacific Bacon Market

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

Publication Month: Oct 2020 | Report Code: TIPRE00015389 | No. of Pages: 84 | Category: Food and Beverages | Status: Published
Covid

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

 

The List of Companies - APAC Bacon Market are:
  1. OSI Group
  2. JBS S.A
  3. Hormel Foods Corporation
  4. Farmland Industries, Inc.
  5. 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. 
TIPRE00015389
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