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
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 185
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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.

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Bacon Market: Strategic Insights

bacon-market
Market Size Value inUS$ 27,419.94 Million in 2018
Market Size Value byUS$ 40,004.62 Million by 2027
Growth rateCAGR of 4.3% from 2019-2027
Forecast Period2019-2027
Base Year2019
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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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Nature ; Source ; Type ; Distribution Channel ; and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, Mexico, Russian Federation, South Africa, South Korea, Uganda, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global bacon market?

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, which region held the largest share of the global bacon market?

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.

Based on nature, why is the organic segment expected to grow at the highest rate during 2019–2027?

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.

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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

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  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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