South and Central America Bacon Market Dynamics and Trends by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027South and Central America 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
- Report Date : Oct 2020
- Report Code : TIPRE00015390
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 80
The bacon market in SAM is expected to grow from US$ 2656.5 million in 2019 to US$ 3560.4 million by 2027; it is estimated to grow at a CAGR of 3.7% from 2020 to 2027.
Brazil, Argentina and Rest of SAM are the major economies in SAM. The growing consumption of animal derived products will boost the growth of bacon market. The rapid rise in population expansion, along with increased urbanization and focus towards improved quality of life in has led to increased demand for food products at an unprecedented pace in the last few decades. The livestock industry plays the most crucial role in meeting out the growing demand. There is a strong correlation between the level of income and the demand for animal protein. With the rise in disposable income, the demand for animal protein is set to increase, which would lead to an increase in the consumption of animal-based products such as meat, bacon, and others. Further, with the decline in the prices of meat products, the emerging economies are embarking upon the rising consumption of meat and meat products. Urbanization is considered as a major driving force, strongly influencing the demand for livestock & meat products. This is further influencing the bacon market in SAM. With the growing focus towards health, consumers are looking forward to dieting rich in animal proteins and, therefore, would demand more if meat, poultry, pork, and other meat products. The demand for animal products has been steadily on the rise owing to the progression in the quality of life coupled with positive changes in international trade. This has led to an expansion in bacon demand. Bacon is used as a convenient food product by most consumers. Bacon is a rich source of animal protein and amino acids such as lysine, and, thus, provides an advantage over other plant-based protein substitutes which have comparatively of low lysine content.The presence of various emerging economies, along with rapid industrialization, massive population, and rising disposable income among individuals, are the major factors driving the SAM bacon market's growth. However, the outbreak of COVID-19 is expected to worsen in the coming months, affecting SAM's economic stability. Although Brazil is the leading raw material supplier for various industries and global manufacturing hub, it is the worst affected country due to the COVID-19 outbreak in SAM where business operations were halted due to lockdown. Several governments across SAM 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 SAM.
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 SAM Bacon market is expected to grow at a good CAGR during the forecast period.
SAM Bacon Market Revenue and Forecast to 2027 (US$ Mn)
SAM Bacon Market Segmentation
SAM Bacon Market – By Nature
- Organic
- Conventional
SAM Bacon Market – By Source
- Pork
- Beef
- Turkey
- Chicken
SAM Bacon Market – By Type
- Dry Cured
- Immersion Cured
- Pumped Bacon
SAM Bacon Market – ByDistribution Channel
- Supermarkets and Hypermarkets
- Independent Retailers
- Food Service
- Others
SAM Bacon Market, by Country
- Brazil
- Argentina
- Rest of SAM
SAM Bacon Market-Companies Mentioned
- OSI Group
- JBS S.A
- Hormel Foods Corporation
- Farmland Industries, Inc.
- Applegate Farms, LLC
- Foster Farms Inc
- Smithfield Foods, Inc
South and Central America Bacon Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2656.5 Million |
| Market Size by 2027 | US$ 3560.4 Million |
| Global CAGR (2020 - 2027) | 3.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Nature
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - SAM Bacon Market are:
- OSI Group
- JBS S.A
- Hormel Foods Corporation
- Farmland Industries, Inc.
- Applegate Farms, LLC
- Foster Farms Inc.
- Smithfield Foods, Inc.
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