Market Snapshot
2016-2024
2018
Middle East and Africa
North America
4.17%
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Market Overview
The global bacon market is projected to grow at a CAGR of 4.17% in the forecast period of 2017-2022.
- Pork is the most consumed meat in the world i.e, around 40% of the total meat consumed globally, followed by chicken and beef.
- The growing trend of convenience foods has boosted the demand for ready-to-eat and ready-to-cook meat products, which has driven the growth of bacon market.
- The growing number of meat consumers at the global level are also a major factor driving the market.
Scope of the Report
The Global Bacon is segmented by type into American Style bacon, Slab bacon, Canadian bacon, Pancetta and Others. By Distribution Channel the market is fragmented into Hypermarket/Supermarket, Convenience Stores, Grocery Stores, Online Channels. The geographical analysis of the report also has been included.
| By Product Type | |
| Traditional Bacon | |
| Turkey Bacon | |
| Canadian Bacon | |
| Pancetta | |
| Other Product Types |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Grocery Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Key Market Trends
Growing Demand For Processed Meat
The processed meat sector has seen a remarkable growth in the past decade and is expected to continue the growth in the forecasted period. The major driving factors of the market are the growing demand for protein rich convenience foods and the changing lifestyles, especially in the developing markets such as South America and Asia-Pacific regions. The latest technologies developed by the various players for low-cost production has also boosted the processed meat production. North America is the most matured market for processed meat, they uses the very latest technologies of production and the largest consumer of meat as well. Pork is the mostly processed and consumed type of meat.
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North America Is The Largest Market
North America holds the major share of the global bacon market. North America bacon market is forecasted to grow at a CAGR of 3.76%. United States is the largest market in North American bacon industry. Canada is also a large market falling behind United States, Canada is the 7th largest producer of bacon globally. Canadian pork and bacon are also gaining popularity in the market due to its quality standards. Mexico is the fastest growing market in the region. North Americans also use bacons in burgers instead of patties. The increasing awareness towards the frequent consumption of meat products and the increasing rates of bacon have led to a small decrease in the bacon consumption in US. But this has not affected the revenue levels due to the price increase.
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Competitive Landscape
Global bacon is highly competitive and fragmented market with the presence of various players competiting in the market. Most of the major players of the market are based on North America. BRF SA, Hormel Foods, JBS, Oscar Mayer, and Farmland are a few major players, which have regional as well as global presence.
Major Players
* Complete list of players covered available in the table of contents below
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Traditional Bacon
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5.1.2 Turkey Bacon
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5.1.3 Canadian Bacon
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5.1.4 Pancetta
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5.1.5 Other Product Types
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Convenience Stores
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5.2.3 Grocery Stores
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5.2.4 Online Retail Stores
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5.2.5 Other Distribution Channels
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 United Kingdom
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5.3.2.3 Germany
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5.3.2.4 France
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5.3.2.5 Italy
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5.3.2.6 Russia
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5.3.2.7 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East and Africa
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5.3.5.1 South Africa
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5.3.5.2 United Arab Emirates
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5.3.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Farmland
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6.4.2 Hormel Foods Corp.
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6.4.3 JBS SA
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6.4.4 Karro Food Group
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6.4.5 Niman Ranch
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6.4.6 OSI Group LLC
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6.4.7 Shuanghui Internationa
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6.4.8 Tyson Foods Inc
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
