Global Bacon Market Report and Forecast 2024-2032

Global Bacon Market Outlook

The global bacon market is expected to grow in the forecast period of 2024-2032 at a CAGR of 4.3%.

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Rising Demand for Bacon Owing to Stockpiling Amidst the COVID-19 Pandemic Boosting the Market Growth

The demand for bacon has significantly risen during the onset of the COVID-19 pandemic, hence, propelling the market growth. Moreover, stockpiling of food products owing to stay-at-home orders led to a surge in demand for bacon, which is augmenting the industry growth. As the preference for nutritious and healthy food products is rising, the demand for ready-to-eat bacon is escalating, therefore further invigorating the industry growth. In addition, the growing demand for comfort food due to increasing mental strain is surging the demand for bacon, which is a traditional food in regions such as the United States, Canada, and the United Kingdom, among others. The rising popularity of various dietary trends such as whole 30, keto, and paleo diets, especially among the millennial and Gen-Z population, is increasing the demand for meat-based products. This, in turn, is increasing the demand for bacon for nutritional requirements, therefore bolstering the industry growth. The trend of home-cooked meals, especially amidst the pandemic, is also surging the consumption of traditional bacon, which is providing a further impetus to the market growth.

Bacon: Market Segmentation

Bacon is a type of pork that is typically made from pork belly or the side of a pig. It is cured, dried, pickled, and smoked for consumption. It is extensively incorporated in various meals, such as soups, salads, and sandwiches, among others.

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The market can be broadly categorised on the basis of its product types into:

• Standard Bacon 
• Ready-to-Eat Bacon

The major distribution channels of bacon are:

• Foodservice Channel
• Full-Service Restaurants
• Quick Service Restaurants
• Cafes and Bars
• Others
• Retail Channel
• Supermarkets/Hypermarkets
• Speciality Stores
• Online Stores
• Others

The EMR report looks into the regional markets of bacon like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Innovative Bacon-Based Product Launches to Bolster the Industry Growth

The launch of smaller bacon products such as stripes, pieces, and bits, among others, by the leading companies is significantly contributing to the market growth. The development of various food products containing bacon providing diverse and innovative flavours and textures is expected to augment the market growth. Moreover, innovative and sustainable packaging solutions of bacon offered by the leading companies to enhance its appeal among the environmentally conscious population are projected to propel the market growth . In addition, the development of gluten-free and low-calorie bacon is estimated to fuel the market growth in the forecast period.

Although the market growth can be hindered by the rising demand for cruelty-free products. However, various research and development (R&D) activities initiated to develop cultured bacon by extracting pig cells and activating them to grow into specific muscles are anticipated to boost the growth of the bacon industry. Moreover, the rising demand for fully cooked bacon varieties that can offer faster and convenient ways to acquire superior quality bacon with enhanced taste is also expected to propel the market growth. The growing incorporation of bacon in staple food, such as sandwiches, salads, and burgers, among other snacks, is increasing its demand, providing further impetus for the anticipated market growth in the coming years.

Key Industry Players in the Global Bacon Market

The report presents a detailed analysis of the following key players in the global bacon market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Hormel Foods Corporation
• Tyson Foods Inc.
• The Kraft Heinz Company
• Fresh Mark Inc.
• Maple Leaf Food
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Bacon Market Report Snapshots

Bacon Market Size

Bacon Market Growth

Bacon Companies