Asia Pacific Bacon Market Overview and Growth by 2027

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 – ByDistribution 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

Asia Pacific Bacon Report Scope