Bacon Market Size, Growth, Share, Value, Global Demand and Forecast 2021

    Bacon Market Forecast to 2027 - COVID-19 Impact and Global 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 Geography

    Publication Month: Jun 2020 | Report Code: TIPRE00011591 | No. of Pages: 185 | Category: Food and Beverages | Status: Published

    The bacon market was valued at US$ 27,419.94 million in 2018 and is projected to reach US$ 40,004.62 million by 2027; it is expected to grow at a CAGR of 4.3% from 2019 to 2027.

    Bacon refers to the sides and belly portion of the pig’s body that is cured and smoked. Bacon is versatile in terms of cooking and helps in increasing the flavor of dishes. When wrapped around lean meats, it proffers moisture while it is cooked. Development in meat processing technologies and an increase in the demand for meat protein, the bacon market has experienced tremendous growth during the past years. The upsurge in demand for pizza, sandwiches, and hamburgers have also bolster well the bacon market growth. However, bacon contains some amount of fats and sodium that increases the risk of heart diseases and blood pressure. This restricts the demand for bacon. Development in new products like turkey bacon is expected to provide lucrative opportunities to the bacon market in the upcoming years.

    The bacon market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The rapid growth of this region is primarily attributed to increase in the middle class population and urbanization that offers several opportunities to the manufacturers of bacon. Due to the ever-increasing disposable income of the middle-income group population, people are willing to pay higher prices for food products, such as bacon and other processed meat products. Changing consumer’s taste and preference and upsurge in the demand for processed meat products have also incremented the demand for bacon in the Asia Pacific region. Besides, rising demand for bacon by snack category as a result of the use of bacon in convenience food have also favored the demand for bacon in Asia Pacific region.

    Impact of COVID-19 Pandemic on Bacon Market

    The COVID-19 outbreak adversely affects economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverages are among the significant industries suffering from severe disruptions such as restrictions on the supply chain and shutdown of production plants. The shutdown of different plants and factories in various countries disrupts the global supply chains and negatively impacts the manufacturing activities, delivery schedules, and multiple goods sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering business collaboration and partnership opportunities. Thus, these factors are restraining the growth of the bacon market in the food and beverage industry.

    Bacon Market

    Bacon Market

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    Market Insights

    Rising preference for convenience food products Is Expected to Fuel Bacon Market Growth

    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 US, Canada, Mexico, Germany, France, Italy, and China, among others, is driving the demand for bacon market globally. 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.

    Nature Insights

    Based on nature, the bacon market is bifurcated into organic and conventional. In 2018, the conventional segment led the bacon market. Conventional bacon is a type of salt-cured pork. It is prepared from various cuts of meats, mainly from a pig’s belly or from the back cuts that have less fat as compared to the belly of pigs. It has a rich, crispy, and salty taste with melt-in-your-mouth texture. Bacon is a versatile red meat and receives a smoky flavor from the natural smoke that is obtained by smoldering wood chips or by spraying the bacon with a liquid smoke extract. Bacon is made along with salt used as a curing agent, and nitrite added as an additive. It belongs to a category of cured and processed pork bellies that end up in strips or circular pattern. They are available in different varieties such as middle bacon or rashes in the form of a thin strip cut from the belly pork with a thin round piece of loin at one end, and streaky bacon is of the same cut but without the round loin end. Bacon is highly nutritious. A typical 100 grams of bacon contains 37 grams of high-quality animal protein, 89% of RDA for selenium, 53% of RDA for phosphorous along with vitamin B1, B2, B3, B5, B6 and B12.

    Bacon Market, by Nature– 2018 and 2027

    Bacon Market, by Nature– 2018 and 2027

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    Source Insights

    Based on source, the bacon market is segmented into pork, beef, turkey, and chicken. The pork segment accounted for the largest market share in 2018. Pork is the culinary name for the meat of domestic pig. Pork bacon has been one of the major contributing sources for the global expansion of the bacon market. In regions such as North and South America, Europe and some countries in the Asia Pacific region, there has been an increasing demand for the pork bacon. The US, Canada, Mexico, Italy, France, Germany, and UK amongst many other countries has experienced a rising demand for the pork market and is estimated to be growing in the coming years. The rising demand for pork bacon in these regions has contributed to the over expansion of the bacon market all over the globe. Flavored pork bacon, such as apple-smoked or peppered, also is available globally. In general, as bacon has a higher fat content and intense smoky flavor, the increasing demand and flavor for pork meat has favored the market globally.

    Type Insights

    Based on type, the bacon market is segmented into dry cured, immersion cured, and pumped bacon. The pumped bacon segment accounted for the largest market share in 2018. The pumped bacon is the method in which the bacon is injected with curing ingredients and massaged or tumbled. It has been advised that the use of sodium nitrite should be approximately 120 parts per million (ppm) and an equivalent amount of potassium nitrite used at 148 ppm ingoing. Sodium ascorbate or sodium erythorbate is be used at 550 ppm. The USDA regulation records that sodium ascorbate or sodium erythorbate has a molecular weight of approximately 198. Hydrated forms of such substances should be altered to attain the equivalent of 550 ppm of sodium ascorbate or sodium erythorbate. Since under certain circumstances, nitrite in cured meat product subsidizes to the formation of nitrosamines, a known carcinogenic, the USDA in-plant inspection system calls for pulling samples of pumped bacon. Such samples are examined to determine the level of nitrosamines with the help of a Thermal Energy Analyzer (TEA). If TEA indicates a certain level of nitrosamines, additional samples are collected and subjected to examination using gas chromatography. The presumptive positive must be confirmed by mass spectrometry. If anyone of the original samples collected by USDA for confirmation is found to contain confirmable levels of nitrosamines, all pumped bacon in the production establishment and all future production will be retained.

    Strategic Insights

    A few players operating in the bacon market are Applegate Farms, LLC.,Farmland Industries, Inc., Foster Farms, Hormel Foods Corporation, JBS S.A., Karro Food Group, Organic Prairie, Osi Group., Smithfield Foods, Inc. and True Story Foods among many others. The key companies implement the mergers and acquisitions, and research and development strategies to expand customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

    Report Spotlights

    • Progressive industry trends in the bacon market to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the bacon market from 2019 to 2027
    • Estimation of global demand for Bacon
    • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
    • Recent developments to understand the competitive market scenario
    • Market trends and outlook as well as factors driving and restraining the growth of the bacon market
    • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
    • The size of the bacon market size at various nodes
    • Detailed overview and segmentation of the market, as well as the bacon industry dynamics
    • Size of the bacon market in various regions with promising growth opportunities

    Bacon Market – By Nature

    • Organic
    • Conventional

    Bacon Market – By Source

    • Pork
    • Beef
    • Turkey
    • Chicken

    Bacon Market – By Type

    • Dry Cured
    • Immersion Cured
    • Pumped Bacon

    Bacon Market – By Distribution Channel

    • Supermarkets and Hypermarkets
    • Independent Retailers
    • Food Service
    • Others

    Company Profiles

    • Applegate Farms, LLC.
    • Farmland Industries, Inc.
    • Foster Farms
    • Hormel Foods Corporation
    • JBS S.A.
    • Karro Food Group
    • Organic Prairie
    • Osi Group.
    • Smithfield Foods, Inc.
    • True Story Foods

    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 North America

    4.2.2 Europe

    4.2.3 APAC

    4.2.4 MEA

    4.2.5 SAM

    4.3 Expert Opinion

    5. Bacon Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Rise in consumption of animal-derived products

    5.1.2 Rising preference for convenience food products

    5.2 Market Restraints

    5.2.1 Growing 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 – Global 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 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 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 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 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 – Geographic Analysis

    11.1 Overview

    11.2 North America: Bacon Market

    11.2.1 North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.2.2 North America: Bacon Market, by Nature

    11.2.3 North America: Bacon Market, by Source

    11.2.4 North America: Bacon Market, by Type

    11.2.5 North America: Bacon Market, by Distribution Channel

    11.2.6 North America: Bacon Market, by Key Country

    11.2.6.1 US: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.2.6.1.1 US: Bacon Market, by Nature

    11.2.6.1.2 US: Bacon Market, by Source

    11.2.6.1.3 US: Bacon Market, by Type

    11.2.6.1.4 US: Bacon Market, by Distribution Channel

    11.2.6.2 Canada: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.2.6.2.1 Canada: Bacon Market, by Nature

    11.2.6.2.2 Canada: Bacon Market, by Source

    11.2.6.2.3 Canada: Bacon Market, by Type

    11.2.6.2.4 Canada: Bacon Market, by Distribution Channel

    11.2.6.3 Mexico: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.2.6.3.1 Mexico: Bacon Market, by Nature

    11.2.6.3.2 Mexico: Bacon Market, by Source

    11.2.6.3.3 Mexico: Bacon Market, by Type

    11.2.6.3.4 Mexico: Bacon Market, by Distribution Channel

    11.3 Europe: Bacon Market

    11.3.1 Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.3.2 Europe: Bacon Market, by Nature

    11.3.3 Europe: Bacon Market, by Source

    11.3.4 Europe: Bacon Market, by Type

    11.3.5 Europe: Bacon Market, by Distribution Channel

    11.3.6 Europe: Bacon Market, by Key Country

    11.3.6.1 Germany: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.3.6.1.1 Germany: Bacon Market, by Nature

    11.3.6.1.2 Germany: Bacon Market, by Source

    11.3.6.1.3 Germany: Bacon Market, by Type

    11.3.6.1.4 Germany: Bacon Market, by Distributional Channel

    11.3.6.2 France: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.3.6.2.1 France: Bacon Market, by Nature

    11.3.6.2.2 France: Bacon Market, by Source

    11.3.6.2.3 France: Bacon Market, by Type

    11.3.6.2.4 France: Bacon Market, by Distribution Channel

    11.3.6.3 UK: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.3.6.3.1 UK: Bacon Market, by Nature

    11.3.6.3.2 UK: Bacon Market, by Source

    11.3.6.3.3 UK: Bacon Market, by Type

    11.3.6.3.4 UK: Bacon Market, by Distribution Channel

    11.3.6.4 Russia: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.3.6.4.1 Russia: Bacon Market, by Nature

    11.3.6.4.2 Russia: Bacon Market, by Source

    11.3.6.4.3 Russia: Bacon Market, by Type

    11.3.6.4.4 Russia: Bacon Market, by Distribution Channel

    11.3.6.5 Rest of Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.3.6.5.1 Rest of Europe: Bacon Market, by Nature

    11.3.6.5.2 Rest of Europe: Bacon Market, by Source

    11.3.6.5.3 Rest of Europe: Bacon Market, by Type

    11.3.6.5.4 Rest of Europe: Bacon Market, by Distribution Channel

    11.4 APAC: Bacon Market

    11.4.1 APAC: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.4.2 APAC: Bacon Market, by Nature

    11.4.3 APAC: Bacon Market, by Source

    11.4.4 APAC: Bacon Market, by Type

    11.4.5 APAC: Bacon Market, by Distribution Channel

    11.4.6 APAC: Bacon Market, by Key Country

    11.4.6.1 Australia: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.4.6.1.1 Australia: Bacon Market, by Nature

    11.4.6.1.2 Australia: Bacon Market, by Source

    11.4.6.1.3 Australia: Bacon Market, by Type

    11.4.6.1.4 Australia: Bacon Market, by Distribution Channel

    11.4.6.2 China: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.4.6.2.1 China: Bacon Market, by Nature

    11.4.6.2.2 China: Bacon Market, by Source

    11.4.6.2.3 China: Bacon Market, by Type

    11.4.6.2.4 China: Bacon Market, by Distribution Channel

    11.4.6.3 Japan: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.4.6.3.1 Japan: Bacon Market, by Nature

    11.4.6.3.2 Japan: Bacon Market, by Source

    11.4.6.3.3 Japan: Bacon Market, by Type

    11.4.6.3.4 Japan: Bacon Market, by Distribution Channel

    11.4.6.4 South Korea: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.4.6.4.1 South Korea: Bacon Market, by Nature

    11.4.6.4.2 South Korea: Bacon Market, by Source

    11.4.6.4.3 South Korea: Bacon Market, by Type

    11.4.6.4.4 South Korea: Bacon Market, by Distribution Channel

    11.4.6.5 Rest of APAC: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.4.6.5.1 Rest of APAC: Bacon Market, by Nature

    11.4.6.5.2 Rest of APAC: Bacon Market, by Source

    11.4.6.5.3 Rest of APAC: Bacon Market, by Type

    11.4.6.5.4 Rest of APAC: Bacon Market, by Distribution Channel

    11.5 MEA: Bacon Market

    11.5.1 MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.5.2 MEA: Bacon Market, by Nature

    11.5.3 MEA: Bacon Market, by Source

    11.5.4 MEA: Bacon Market, by Type

    11.5.5 MEA: Bacon Market, by Distribution Channel

    11.5.6 MEA: Bacon Market, by Key Country

    11.5.6.1 South Africa: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.5.6.1.1 South Africa: Bacon Market, by Nature

    11.5.6.1.2 South Africa: Bacon Market, by Source

    11.5.6.1.3 South Africa: Bacon Market, by Type

    11.5.6.1.4 South Africa: Bacon Market, by Distribution Channel

    11.5.6.2 Uganda: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.5.6.2.1 Uganda: Bacon Market, by Nature

    11.5.6.2.2 Uganda: Bacon Market, by Source

    11.5.6.2.3 Uganda: Bacon Market, by Type

    11.5.6.2.4 Uganda: Bacon Market, by Distribution Channel

    11.5.6.3 UAE: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.5.6.3.1 UAE: Bacon Market, by Nature

    11.5.6.3.2 UAE: Bacon Market, by Source

    11.5.6.3.3 UAE: Bacon Market, by Type

    11.5.6.3.4 UAE: Bacon Market, by Distribution Channel

    11.5.6.4 Rest of MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.5.6.4.1 Rest of MEA: Bacon Market, by Nature

    11.5.6.4.2 Rest of MEA: Bacon Market, by Source

    11.5.6.4.3 Rest of MEA: Bacon Market, by Type

    11.5.6.4.4 Rest of MEA: Bacon Market, by Distribution Channel

    11.6 SAM: Bacon Market

    11.6.1 SAM: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    11.6.2 SAM: Bacon Market, by Nature

    11.6.3 SAM: Bacon Market, by Source

    11.6.4 SAM: Bacon Market, by Type

    11.6.5 SAM: Bacon Market, by Distribution Channel

    11.6.6 SAM: Bacon Market, by Key Country

    11.6.6.1 Brazil: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.6.6.1.1 Brazil: Bacon Market, by Nature

    11.6.6.1.2 Brazil: Bacon Market, by Source

    11.6.6.1.3 Brazil: Bacon Market, by Type

    11.6.6.1.4 Brazil: Bacon Market, by Distribution Channel

    11.6.6.2 Argentina: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.6.6.2.1 Argentina: Bacon Market, by Nature

    11.6.6.2.2 Argentina: Bacon Market, by Source

    11.6.6.2.3 Argentina: Bacon Market, by Type

    11.6.6.2.4 Argentina: Bacon Market, by Distribution Channel

    11.6.6.3 Rest of SAM: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    11.6.6.3.1 Rest of SAM: Bacon Market, by Nature

    11.6.6.3.2 Rest of SAM: Bacon Market, by Source

    11.6.6.3.3 Rest of SAM: Bacon Market, by Type

    11.6.6.3.4 Rest of SAM: Bacon Market, by Distribution Channel

    12. Impact of COVID-19 Pandemic on Global Bacon Market

    12.1 Overview

    12.2 North America: Impact Assessment of COVID-19 Pandemic

    12.3 Europe: Impact Assessment of COVID-19 Pandemic

    12.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

    12.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

    12.6 South America: 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 Foster Farms, Inc.

    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 Hormel Foods Corporation

    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

    13.5 JBS S.A

    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

    13.5.6 Key Development

    13.6 Karro Food Group

    13.6.1 Key Facts

    13.6.2 Business Description

    13.6.3 Products and Services

    13.6.4 Financial Overview

    13.6.5 SWOT Analysis

    13.7 Organic Prairie

    13.7.1 Key Facts

    13.7.2 Business Description

    13.7.3 Products and Services

    13.7.4 Financial Overview

    13.7.5 SWOT Analysis

    13.8 OSI Group

    13.8.1 Key Facts

    13.8.2 Business Description

    13.8.3 Products and Services

    13.8.4 Financial Overview

    13.8.5 SWOT Analysis

    13.9 Smithfield Foods, Inc.

    13.9.1 Key Facts

    13.9.2 Business Description

    13.9.3 Products and Services

    13.9.4 Financial Overview

    13.9.5 SWOT Analysis

    13.10 True Story Foods

    13.10.1 Key Facts

    13.10.2 Business Description

    13.10.3 Products and Services

    13.10.4 Financial Overview

    13.10.5 SWOT Analysis

    14. Appendix

    14.1 About The Insight Partners

    14.2 Glossary

    LIST OF TABLES

    Table 1. Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Table 2. North America Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 3. North America Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 4. North America Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 5. North America Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 6. US Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 7. US Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 8. US Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 9. US Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 10. Canada Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 11. Canada Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 12. Canada Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 13. Canada Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 14. Mexico Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 15. Mexico Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 16. Mexico Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 17. Mexico Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 18. Europe Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 19. Europe Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 20. Europe Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 21. Europe Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 22. Germany Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 23. Germany Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 24. Germany Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 25. Germany Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 26. France Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 27. France Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 28. France Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 29. France Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 30. UK Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 31. UK Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 32. UK Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 33. UK Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 34. Russia Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 35. Russia Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 36. Russia Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 37. Russia Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 38. Rest of Europe Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 39. Rest of Europe Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 40. Rest of Europe Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 41. Rest of Europe Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 42. Asia-Pacific Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 43. Asia-Pacific Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 44. Asia-Pacific Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 45. Asia-Pacific Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 46. Australia Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 47. Australia Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 48. Australia Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 49. Australia Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 50. China Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 51. China Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 52. China Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 53. China Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 54. Japan Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 55. Japan Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 56. Japan Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 57. Japan Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 58. South Korea Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 59. South Korea Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 60. South Korea Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 61. South Korea Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 62. Rest of APAC Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 63. Rest of APAC Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 64. Rest of APAC Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 65. Rest of APAC Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 66. MEA Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 67. MEA Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 68. MEA Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 69. MEA Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 70. South Africa Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 71. South Africa Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 72. South Africa Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 73. South Africa Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 74. Uganda Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 75. Uganda Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 76. Uganda Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 77. Uganda Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 78. UAE Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 79. UAE Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 80. UAE Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 81. UAE Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 82. Rest of MEA Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 83. Rest of MEA Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 84. Rest of MEA Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 85. Rest of MEA Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 86. South America Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 87. South America Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 88. South America Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 89. South America Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 90. Brazil Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 91. Brazil Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 92. Brazil Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 93. Brazil Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 94. Argentina Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 95. Argentina Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 96. Argentina Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 97. Argentina Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 98. Rest of SAM Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)

    Table 99. Rest of SAM Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)

    Table 100. Rest of SAM Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)

    Table 101. Rest of SAM Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)

    Table 102. Glossary of Terms, Global Bacon Market

    LIST OF FIGURES

    Figure 1. Bacon Market Segmentation

    Figure 2. Bacon Market Segmentation – By Geography

    Figure 3. Global Bacon Market Overview

    Figure 4. Pork Segment Held Largest Share of Global Bacon Market

    Figure 5. North America Region Held Largest Share of Global Bacon Market

    Figure 6. Global Bacon Market, Industry Landscape

    Figure 7. North America PEST Analysis

    Figure 8. Europe: PEST Analysis

    Figure 9. APAC: PEST Analysis

    Figure 10. MEA: PEST Analysis

    Figure 11. SAM: PEST Analysis

    Figure 12. Expert Opinion

    Figure 13. Bacon Market Impact Analysis of Driver and Restraints

    Figure 14. Geographic Overview of Bacon Market

    Figure 15. North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 16. Bacon Market Revenue Share, by Nature (2018 and 2027)

    Figure 17. Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 18. Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 19. Bacon Market Revenue Share, by Source (2018 and 2027)

    Figure 20. Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 21. Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 22. Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 23. Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 24. Bacon Market Revenue Share, by Type (2018 and 2027)

    Figure 25. Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 26. Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 27. Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 28. Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)

    Figure 29. Supermarkets and Hypermarkets: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 30. Independent Retailers: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 31. Food Service: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 32. Others: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 33. Global Bacon Market Revenue Share, by Region (2018 and 2027)

    Figure 34. North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 35. North America: Bacon Market Revenue Share, by Nature (2018 and 2027)

    Figure 36. North America: Bacon Market Revenue Share, by Source (2018 and 2027)

    Figure 37. North America: Bacon Market Revenue Share, by Type (2018 and 2027)

    Figure 38. North America: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)

    Figure 39. North America: Bacon Market Revenue Share, by Key Country (2018 and 2027)

    Figure 40. US: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 41. Canada: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 42. Mexico: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 43. Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 44. Europe: Bacon Market Revenue Share, by Nature (2018 and 2027)

    Figure 45. Europe: Bacon Market Revenue Share, by Source (2018 and 2027)

    Figure 46. Europe: Bacon Market Revenue Share, by Type (2018 and 2027)

    Figure 47. Europe: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)

    Figure 48. Europe: Bacon Market Revenue Share, by Key Country (2018 and 2027)

    Figure 49. Germany: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 50. France: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 51. UK: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 52. Russia: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 53. Rest of Europe: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 54. APAC: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 55. APAC: Bacon Market Revenue Share, by Nature (2018 and 2027)

    Figure 56. APAC: Bacon Market Revenue Share, by Source (2018 and 2027)

    Figure 57. APAC: Bacon Market Revenue Share, by Type (2018 and 2027)

    Figure 58. APAC: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)

    Figure 59. APAC: Bacon Market Revenue Share, by Key Country (2018 and 2027)

    Figure 60. Australia: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 61. China: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 62. Japan: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 63. South Korea: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 64. Rest of APAC: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 65. MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 66. MEA: Bacon Market Revenue Share, by Nature (2018 and 2027)

    Figure 67. MEA: Bacon Market Revenue Share, by Source (2018 and 2027)

    Figure 68. MEA: Bacon Market Revenue Share, by Type (2018 and 2027)

    Figure 69. Europe: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)

    Figure 70. MEA: Bacon Market Revenue Share, by Key Country (2018 and 2027)

    Figure 71. South Africa: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 72. Uganda: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 73. UAE: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 74. Rest of MEA: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 75. SAM: Bacon Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 76. SAM: Bacon Market Revenue Share, by Nature (2018 and 2027)

    Figure 77. SAM: Bacon Market Revenue Share, by Source (2018 and 2027)

    Figure 78. SAM: Bacon Market Revenue Share, by Type (2018 and 2027)

    Figure 79. SAM: Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)

    Figure 80. SAM: Bacon Market Revenue Share, by Key Country (2018 and 2027)

    Figure 81. Brazil: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 82. Argentina: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 83. Rest of SAM: Bacon Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 84. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 85. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 86. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 87. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 88. Impact of COVID-19 Pandemic in South America Country Markets


    The List of Companies - Global Bacon Market

    1. Applegate Farms, LLC
    2. Farmland Industries, Inc
    3. Foster Farms
    4. Hormel Foods Corporation
    5. JBS S.A.
    6. Karro Food Group
    7. Organic Prairie
    8. OSI Group
    9. Smithfield Foods, Inc
    10. True Story Foods
    • Highlights key business priorities to assist companies realign their business strategies.
    • Features key findings and crucial progressive industry trends in the global bacon market, thereby allowing players to develop effective long-term strategies.
    • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
    • Scrutinizes in-depth market trends as well askey market driversand restraints.
    • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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    Frequently Asked Questions

    The major players operating in the global bacon market are Applegate Farms, LLC., Farmland Industries, Inc., Foster Farms, Hormel Foods Corporation, JBS S.A., Karro Food Group, Organic Prairie, Osi Group., Smithfield Foods, Inc. and True Story Foods among many others.
    In 2018, the bacon market was predominant in North America at the global level. The food and beverage companies operating in the region are continuously enhancing the overall business processes to meet the rising customers' demands in the best possible way. Factors such as increasing demand for meat protein coupled with the rapid development and growth in meat processing technology are boosting the bacon market in the North America region. Additionally, surging demand for convenience food such as breakfast sandwiches, pizza, hamburgers, and appetizers where bacon is used as a key ingredient has surged the demand for bacon market in the region. The development of new products such as turkey and chicken bacon is projected to create new opportunities for the key players operating in the market over the forecast period.
    The growth of the organic segment is primarily attributed to the fact that they are free from antibiotics and preservatives. Organic bacon is highly demanded as the consumers have a perception that it typically contains higher concentrations of nutritional compounds and thus is healthier. The pigs are fed all types of vegetarian and organic diet consisting of corn, alfalfa, and minerals before obtaining organic bacon from them. Mainly, organic bacon starts as a lean belly that had been trimmed by expert butchers and then smoked on apple wood at low temperatures. They are uncured and free from nitrite and nitrates. Some of the brands associated with organic bacon are Applegate Organic Bacon, Organic Prairie Bacon, and Pasture Perfect Free Range Bacon.

    Pricing
    • $3000
    • $4550 $3640
    • $6550 $5240
    • $8550 $6840

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