South 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
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
- Organic
- Conventional
- Pork
- Beef
- Turkey
- Chicken
- Dry Cured
- Immersion Cured
- Pumped Bacon
SAM Bacon Market – By Distribution 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
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 SAM
4.3 Expert Opinion
5. Bacon Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing consumption of animal-derived products
5.1.2 Developing preference for convenience food products
5.2 Market Restraints
5.2.1 Increasing 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 – SAM 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 SAM 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 SAM 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 SAM 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 SAM 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
11.1.1 SAM: Bacon Market, by Key Country
11.1.1.1 Brazil: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 Brazil: Bacon Market, by Nature
11.1.1.1.2 Brazil: Bacon Market, by Source
11.1.1.1.3 Brazil: Bacon Market, by Type
11.1.1.1.4 Brazil: Bacon Market, by Distribution Channel
11.1.1.2 Argentina: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 Argentina: Bacon Market, by Nature
11.1.1.2.2 Argentina: Bacon Market, by Source
11.1.1.2.3 Argentina: Bacon Market, by Type
11.1.1.2.4 Argentina: Bacon Market, by Distribution Channel
11.1.1.3 Rest of SAM: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.1.1.3.1 Rest of SAM: Bacon Market, by Nature
11.1.1.3.2 Rest of SAM: Bacon Market, by Source
11.1.1.3.3 Rest of SAM: Bacon Market, by Type
11.1.1.3.4 Rest of SAM: Bacon Market, by Distribution Channel
12. Impact of COVID-19 Pandemic on SAM Bacon Market
12.1 Overview
12.2 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 OSI 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 Smithfield Foods, Inc.
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
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. SAM Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 3. Brazil Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 4. Brazil Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. Brazil Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 6. Argentina Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 7. Argentina Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 8. Argentina Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. Argentina Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 10. Rest of SAM Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 11. Rest of SAM Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 12. Rest of SAM Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Rest of SAM Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 14. Glossary of Terms, SAM Bacon Market
LIST OF FIGURES
Figure 1. SAM Bacon Market Segmentation
Figure 2. SAM Bacon Market Segmentation – By Country
Figure 3. SAM Bacon Market Overview
Figure 4. Pork Segment Held Largest Share of SAM Bacon Market
Figure 5. North America Region Held Largest Share of SAM Bacon Market
Figure 6. SAM Bacon Market, Industry Landscape
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. SAM Bacon Market Impact Analysis of Driver and Restraints
Figure 10. SAM: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. SAM Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 12. SAM Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. SAM Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. SAM Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 15. SAM Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. SAM Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. SAM Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. SAM Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. SAM Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 20. SAM Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. SAM Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. SAM Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. SAM Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 24. SAM Supermarkets and Hypermarkets: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. SAM Independent Retailers: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. SAM Food Service: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. SAM Others: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. SAM: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 29. Brazil: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. Argentina: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Rest of SAM: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in South America Country Markets
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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM 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 SAM 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 SAM 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.