The bacon market is anticipated to expand at a high CAGR over the forecast period.
Bacon is salt-cured pork that is cut into thin slices from the sides and belly portion of the pig’s body. This is consumed all the seasons but in summer the demand for bacon is slightly high. The global beacon market is expected to rise due to development in meat processing technology and the demand for meat protein in food by the increasing population. Moreover, the rise in demand for fast food like hamburgers, pizza, etc. along with changing lifestyles is anticipated to drive the growth of the global bacon market. The development of new products like turkey bacon has also created new opportunities for the growth of the market.
However, the presence of a significant amount of sodium and fat, which increases the risk of heart disease and high blood pressure, is restraining the growth of the global bacon market. The market is segmented into product type, delivery channel, and geography. On product type, the traditional bacon segment is expected to hold a significant market share owing to its wide adoption. Geographically, North America is projected to be a substantial shareholder in the market during the forecasted period due to its large consumption in countries like the USA.
DRIVERS
The rise in demand for fast food along with changing lifestyles.
The development of meat processing technology.
RESTRAINTS
Rising chronic diseases.
The major players profiled in the global bacon market are Nassau foods, Hormel Food Corp., Tyson Food Inc., Karro Food Group, Farmland, Foster Farms, Smithfield Foods Inc., OSI Group, JBS SA, and Niman Ranch.
Segmentation
The global bacon market has been analyzed through the following segments:
By Type
Turkey bacon
Traditional Bacon
Pancetta
Canadian Bacon
Others
By Delivery Channel
Online
Offline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others