Global Bacon Market Size Will Escalate to 73 in 2026

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

Market Insights

The study projects that the Bacon market will register a 3.2% CAGR in terms of revenue, which is expected to reach USD 73 million in 2026 from USD 59 million in 2019. The market growth is mainly attributed to an increase in the demand for meat protein coupled with the development, and growth in meat processing technology. The rapid population growth, rising disposable incomes and speedy urbanization are some of the other crucial factors that propelling market growth. Furthermore, the increased demand for food such as pizza, breakfast sandwiches, appetizers, and hamburgers where bacon is used are also helpful to motivate market growth. On the contrary side, bacon contains a significant amount of sodium and fat that will increases the risk of heart disease and high blood pressure, which is considered as restraint factor for market growth.

North America holds the major share of the market. The United State occupied the most market share, this is attributed to almost 60% of pork produced are processed into bacon and sausage. The Asia Pacific is expected to witness tremendous growth during the forecast period. China is the largest market in this region owing to the rising disposable income, increasing population, and shift in consumer consumption patterns.

Bacon is a type of salt-cured pork. Bacon is prepared from several different cuts of meat, typically from the pork belly or from back cuts, which have less fat than the belly. It is eaten on its own, as a side dish (particularly in breakfasts), or used as a minor ingredient to flavor dishes (e.g., the club sandwich). Bacon is also used for barding and larding roasts, especially game, including venison and pheasant. The word is derived from the Old High German bacho, meaning "buttock", "ham" or "side of bacon", and is cognate with the Old French bacon.

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Competitive Outlook

The major global Bacon market competitors include Smithfield Foods, Hormel Foods, Farmland, Cargill, BRF, JBS, OSI Group, Shuanghui International, Karro Food, Foster Farms, etc.

Type Outlook

•     Immersion-Cured

•     Dry-Cured

•     Pumped Bacon

Application Outlook

•     Supermarkets and Hypermarkets

•     Independent Retailers

•     Specialist Retailers

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Regions Covered in the Report:

North America

•     United States

•     Canada

•     Mexico

Europe

•     Germany

•     UK

•     France

•     Italy

•     Nordic Countries (Denmark, Finland, Iceland, Norway and Sweden)

•     Spain

•     Belgium

•     Poland

•     Russia

•     Turkey

•     Others

Asia-Pacific

•     China

•     Japan

•     India

•     South Korea

•     Australia and New Zealand

•     ASEAN Countries (Indonesia, Thailand, Malaysia, Singapore, Philippines, Vietnam, Others)

Latin America, Middle East & Africa

•     GCC Countries (Saudi Arabia, United Arab Emirates, Qatar, Others)

•     Brazil

•     Nigeria

•     South Africa

•     Argentina

•     Others

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The research report provides in-depth analysis on:

•     The estimation of the growth rate, market size and share of the Bacon Market throughout the forecast period.

•     The assessments for the regional market layout characteristics in the world.

•     The SWOT of the Bacon Market.

•     Leading manufacturers’ profiles, product features, business features, target customer features.

•     Significant trends for the growth prospects of the Bacon Market by 2026.

•     The report tracks detailed information about merges, innovations, policies and recent developments in the industry.

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