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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Smoked Bacon and Ham Market Outlook

The global smoked bacon and ham market size reached approximately USD 15.43 billion in 2023. The market is projected to grow at a CAGR of 5.7% between 2024 and 2032, driven by increasing demand for smoky flavour in food preparations and the growing food service sector globally.

Key Trends in the Market

Smoked bacon and ham are a type of meat that is produced through a special process involving curing and smoking. For bacon, the process begins with the pork belly (or back, or loin), while ham is crafted from the leg of a pig. The meats go through a curing stage, where a blend of salt, sugar, and sometimes spices is generously applied. After this curing phase, the meats enter the smoking stage.

  • The increased popularity of food products with smoky and distinctive taste contributes to the demand for smoked bacon and ham. Additionally, the increasing trend of fusion food also favours the market expansion.
  • The growing consumer base for healthy foods is one of the major factors for the increase in smoked bacon and ham market demand. Bacon and ham are filled with nutritional benefits that are necessary for a complete daily diet. Bacon and ham are great sources of protein and minerals such as zinc and iron. They are also high in B group vitamins which help in metabolism and brain function.
  • The expansion of modern retail formats and the rapid development of e-commerce have notably transformed the accessibility and availability of smoked bacon and ham products, effectively driving the smoked bacon and ham market growth. With the convenience of online platforms and the proliferation of sophisticated brick-and-mortar retail establishments, consumers now find themselves with an unprecedented range of options when it comes to procuring these meat products.
  • Ready-to-eat or ready-to-cook meals are increasingly being adopted by working professionals due to their hectic lifestyle and the longer shelf life of such products. This stands as one of the major smoked bacon and ham market trends. These foods require minimal to no additional heating as they are delivered with the necessary ingredients. Overall, they are extremely time efficient, cost-effective, and convenient.

Market Analysis

Based on type, the market is segmented into smoked bacon and smoked ham. The smoked bacon and ham market segmentation, based on distribution channels, includes supermarket/hypermarket, convenience stores, food services, and online, among others. The major regional markets for smoked bacon and ham are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smoked bacon and ham market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

  • Hormel Foods Corporation 
  • Tyson Foods, Inc. 
  • Daily's Meats 
  • Smithfield Foods, Inc. 
  • Cornish Farmhouse Bacon Co. 
  • Hill Meat Company 
  • Benton's Smoky Mountain Country Hams 
  • Sikorski 
  • Boks Bacon (Huon Rise Pty Ltd) 
  • Pestell's Rai Bacon Company Limited
  • Others

Market Share by Type

Smoked bacon is one of the most popular options for breakfast around the world, which, in turn, contributes to the overall growth of the smoked bacon and ham market share. Smoked bacon is a beloved meat product that is commonly enjoyed in many parts of the world. Its salty, smoky, and savoury flavour profile, along with its versatility in various dishes, has contributed to its popularity.

Market Share by Distribution Channel

According to the global smoked bacon and ham market analysis, there are multiple distribution channels for the products, however, online platforms are likely to show significant growth in the market. Selling smoked bacon and ham online allows the seller to reach a wider audience, including those who prefer the convenience of doorstep delivery. Online platforms also provide the chance to showcase product information, recipes, and customer reviews.

Competitive Landscape

Hormel Foods Corporation is one of the top food processing companies in the world and one of the Fortune 500 companies. The company primarily focuses on meat and food products such as fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon. The company was founded in 1891 and over the years, Hormel has grown and diversified its product portfolio to include a wide range of branded food products.

Tyson Foods, Inc. stands as a prominent American multinational enterprise deeply rooted in the food sector, with a primary focus on the manufacturing and widespread distribution of meat and poultry items. Its corporate headquarters are situated in Arkansas, United States of America. Originating back in 1935, the company has undergone remarkable expansion to secure a distinguished position as one of the leading processors and distributors of meat-related products.

Daily's Meats is a prominent company operating in the food industry, with a specialisation in providing high-quality meat products. The company focuses on providing a diverse range of meats to cater to various culinary preferences and demands. What distinguishes Daily's Meats is its thoughtful blend of traditional methods and modern techniques in processing and preparation.

Other smoked bacon and ham market players include Smithfield Foods, Inc., Cornish Farmhouse Bacon Co., Hill Meat Company, Benton's Smoky Mountain Country Hams, Sikorski, Boks Bacon (Huon Rise Pty Ltd), and Pestell's Rai Bacon Company Limited.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Distribution Channel
  • Region
Breakup by Type
  • Smoked Bacon
  • Smoked Ham
Breakup by Distribution Channel
  • Supermarket/Hypermarket
  • Convenience Stores
  • Food Services
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hormel Foods Corporation 
  • Tyson Foods, Inc. 
  • Daily's Meats 
  • Smithfield Foods, Inc. 
  • Cornish Farmhouse Bacon Co. 
  • Hill Meat Company 
  • Benton's Smoky Mountain Country Hams 
  • Sikorski 
  • Boks Bacon (Huon Rise Pty Ltd) 
  • Pestell's Rai Bacon Company Limited
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 15.43 billion.

The market is projected to grow at a CAGR of 5.7% between 2024 and 2032.

The market is driven by the growing consumer base of nutritional and healthy foods and the rapid expansion of the e-commerce sector.

The crucial trends guiding the market growth include the rising popularity of ready-to-eat or ready-to-cook meals owing to the busy lifestyle of people, coupled with the increasing popularity of smoked meat products.

The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major distribution channels for the product are supermarket/hypermarket, convenience stores, food services, and online, among others.

The key players in the market are Hormel Foods Corporation, Tyson Foods, Inc., Daily's Meats, Smithfield Foods, Inc., Cornish Farmhouse Bacon Co., Hill Meat Company, Benton's Smoky Mountain Country Hams, Sikorski, Boks Bacon (Huon Rise Pty Ltd), and Pestell's Rai Bacon Company Limited, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124