19-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Bacon Market By Type (American Bacon, Canadian Bacon, And Others), By Application (Restaurant, Household, And Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global bacon market in 2019 was approximately USD 23,000 Million. The market is expected to grow at a CAGR of 4.0% and is anticipated to reach around USD 26,000 Million by 2026.
Bacon is salt-cured meat usually prepared from a pig. Numerous diverse cuts of meat are used to prepare bacon. Back cuts and belly of pork are commonly preferred for bacon preparation. The curing process of bacon involves soaking in brine and is called as wet curing. Dry curing of bacon involves the use of pure crystal salt. Bacon is generally eaten as a side dish in breakfast or used as a minor ingredient to flavor dishes such as bacon chips and popcorns. There are four types of bacon depending on where they are cut from. Streaky bacon is cut from the pork belly. Back bacon, middle bacon, and cottage bacon are the common types of bacon. Back bacon is also known as Irish bacon.
Browse the full “Bacon Market By Type (American Bacon, Canadian Bacon, And Others), By Application (Restaurant, Household, And Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/bacon-market-by-type-american-bacon-canadian-bacon-823
The high content of essential amino acids makes bacon a rich source of protein. It is a low-carb and low-glycemic food making it ideal for a low-carb diet. Bacon is high in micronutrients such as selenium, niacin, and phosphorus. All these nutritional factors of bacon have a positive impact on its market growth. Bacon is available in different food forms including sandwiches, cheeseburgers, pizza, salads, soups, and desserts. The demand for such food forms is increasing through large food operators. Growing population, rising disposable income, and increasing urbanization are important factors that are driving the global bacon market. Sodium nitrite, the preservative used to prevent the bacon from spoiling is related to increasing the risk of cancer. Therefore, health concerns associated with bacon are expected to restrain its market growth.
Based on the type of bacon, the market can be segmented into American bacon, Canadian bacon, and other types of bacon; wherein American bacon was the leading segment and it accounted for over 40% share of total bacon consumption in 2016. Another segment of other types of bacon was the second leading segment after American bacon accounting for over 35% share of total bacon consumption in 2016 and is expected to grow at a CAGR of around 4.5% during the forecast period.
Based on application, the market can be segmented into restaurant application, household application, and other applications; wherein the household application segment was the leading segment and accounted for over 51% share of total revenue generated in 2016. Another segment of restaurant application was the second leading segment after household application; accounted for over 32% share of total revenue generated in 2016 and is expected to grow at a CAGR of 4.6% during the forecast period.
By geography, Europe accounted for a large portion of the market share in terms of consumption in 2016 and is expected to grow at a CAGR of around 3.2% during the forecast period. The industry is expected to be driven by increasing demand for bacon, brought on by high per capita income in countries such as China and North America. In terms of revenue, Europe was followed by North America and China in 2016. Europe and China are expected to grow at a CAGR of 3.8% and 4.9% respectively during the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 23,000 Million |
Projected Market Size in 2026 |
USD 26,000 Million |
CAGR Growth Rate |
4.0% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
JBS S.A., Foster Farms, Shuanghui International, Hormel Foods Corp., Cargill Inc.,Karro Food Group, OSI Group, L.L.C., Farmland, Tyson Foods, Inc., and Others |
Key Segment |
By Type, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Top companies in the global bacon market are JBS S.A., Foster Farms, Shuanghui International, Hormel Foods Corp., Cargill Inc., Karro Food Group, OSI Group, L.L.C., Farmland, and Tyson Foods, Inc. Due to innovation in food processing technologies and changing consumer preferences vendors are expected to compete with each other for launching more varieties of bacon products during the forecast period.
This report segments the bacon market as follows:
Global Bacon Market: By Type Segmentation Analysis
- American Bacon
- Canadian Bacon
- Others
Global Bacon Market: By End-User Segmentation Analysis
- Restaurant
- Household
- Others
Global Bacon Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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