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PUBLISHER: Grand View Research | PRODUCT CODE: 1530180
PUBLISHER: Grand View Research | PRODUCT CODE: 1530180
Bacon Market Size, Share & Trends Analysis Report By Product Type (Regular, Ready-to-Eat), By Distribution Channel (Foodservice, Retail), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030
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Bacon Market Growth & Trends:
The global bacon market size is expected to reach USD 84.40 billion by 2030, growing at a CAGR of 2.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Consumer preferences and dietary trends play a significant role in driving demand for bacon. As bacon evolves into a popular ingredient in various cuisines across the globe, its consumption has risen. Moreover, the increased popularity of ketogenic and other high-protein, low-carbohydrate diets has further bolstered the demand for bacon, considering its high fat and protein content. This surge in consumer demand has prompted producers to ramp up production and innovate with bacon-infused products, thus expanding its presence in the market.
Moreover, innovation in product offerings and packaging solutions has played a crucial role in making bacon more accessible and convenient for consumers. Manufacturers have introduced a wide range of bacon varieties, including low-sodium, nitrate-free, and flavor-infused options, catering to the health-conscious segment and those with specific dietary preferences. The advent of ready-to-eat and easy-to-cook bacon products has simplified consumption, making it appealing to a broader audience with busy lifestyles.
The expansion of retail and online distribution channels is another crucial factor contributing to the growth of the market. The availability of bacon products across various retail formats, from supermarkets and hypermarkets to specialty gourmet stores, has improved consumer accessibility. E-commerce platforms and direct-to-consumer sales models have also made it easier for smaller, niche producers to reach a global customer base, fueling competition and driving innovation within the market.
Bacon Market Report Highlights:
- Regular bacon possess a share of 61.8% in 2023, owing to its versatility in culinary applications and distinctive savory flavor, which is cherished in numerous cuisines worldwide. Additionally, trends such as the ketogenic diet, which emphasizes high-fat, low-carb foods, have further bolstered its popularity.
- Ready-to-eat bacon is expected to witness a CAGR of 3.4% during 2024 to 2030. The demand for ready-to-eat bacon is primarily driven by the convenience it offers to consumers looking for quick and easy meal options. Additionally, the growing trend of incorporating protein-rich foods into one's diet has further propelled its popularity.
- The distribution of bacon through foodservice channel possesses a share of 58.4%. The growing consumer appetite across all ages for ready-to-eat and ready-to-cook meat products, particularly bacon, is pushing its availability through foodservice outlets. Quick-service eateries and food venues are adding bacon to their offerings to cater to those looking for convenient dining options.
- The distribution of bacon through retail channel anticipated to witness a CAGR of 2.9%. This can be attributed to rising consumer demand for convenient and diverse options, including specific types such as low-calorie or gluten-free bacon. Retailers strategically place and promote bacon products in supermarkets/hypermarkets and specialty stores to cater to these evolving consumer preferences, ultimately boosting sales through the retail channel.
- Europe held a market share of 31.4% in 2023. The market in Europe is boosted by the growing per capita consumption of pork and the popularity of processed pork products such as bacon. This increase is supported by tariff reductions from free trade agreements enhancing the demand for EU pork.
- Asia-Pacific is expected to grow at a CAGR of 3.2% during 2024 to 2030, due to the increasing adoption of more Western-style diets, which is driving up the demand for bacon as a popular choice for breakfast and cooking purposes.
Product Code: GVR-4-68040-337-0
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Type Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
- 2.5. Competitive Insights
Chapter 3. Bacon Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis - Porter's
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
Chapter 5. Bacon Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Regular
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3. Ready-to-eat
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Bacon Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Foodservice
- 6.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2. Retail
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.1.1. Hypermarkets & Supermarkets
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.2.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.1.2. Independent Grocery Stores
6.2.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.1.3. Online
6.2.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.2.1.4. Others
6.2.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Bacon Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key country dynamics
- 7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4. Australia & New Zealand
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6. India
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5. Central & South America
- 7.5.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2023 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. Company Profiles
- 8.10. Hormel Foods Corporation
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
- 8.11. Tyson Foods Inc.
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.11.4. Strategic Initiatives
- 8.12. The Kraft Heinz Company
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.12.4. Strategic Initiatives
- 8.13. WH Group Limited
- 8.13.1. Company Overview
- 8.13.2. Financial Performance
- 8.13.3. Product Benchmarking
- 8.13.4. Strategic Initiatives
- 8.14. Fresh Mark Inc.
- 8.14.1. Company Overview
- 8.14.2. Financial Performance
- 8.14.3. Product Benchmarking
- 8.14.4. Strategic Initiatives
- 8.15. Karro Food Group Limited
- 8.15.1. Company Overview
- 8.15.2. Financial Performance
- 8.15.3. Product Benchmarking
- 8.15.4. Strategic Initiatives
- 8.16. The Oscar Mayer Company
- 8.16.1. Company Overview
- 8.16.2. Financial Performance
- 8.16.3. Product Benchmarking
- 8.16.4. Strategic Initiatives
- 8.17. Niman Ranch
- 8.17.1. Company Overview
- 8.17.2. Financial Performance
- 8.17.3. Product Benchmarking
- 8.17.4. Strategic Initiatives
- 8.18. Tonnies Lebensmittel GmbH & Co. KG
- 8.18.1. Company Overview
- 8.18.2. Financial Performance
- 8.18.3. Product Benchmarking
- 8.18.4. Strategic Initiatives
- 8.19. Farmland Foods, Inc.
- 8.19.1. Company Overview
- 8.19.2. Financial Performance
- 8.19.3. Product Benchmarking
- 8.19.4. Strategic Initiatives
Product Code: GVR-4-68040-337-0
List of Tables
- Table 1 Bacon market - Key market driver analysis
- Table 2 Bacon market - Key market restraint analysis
- Table 3 Regular bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 4 Ready-to-eat bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 5 Bacon market estimates and forecast, through foodservice channel, 2018 - 2030 (USD Million)
- Table 6 Bacon market estimates and forecast, through retail channel, 2018 - 2030 (USD Million)
- Table 7 Bacon market estimates and forecast, through hypermarkets & supermarkets, 2018 - 2030 (USD Million)
- Table 8 Bacon market estimates and forecast, through independent grocery stores, 2018 - 2030 (USD Million)
- Table 9 Bacon market estimates and forecast, through online channel, 2018 - 2030 (USD Million)
- Table 10 Bacon market estimates and forecast, through other channel, 2018 - 2030 (USD Million)
- Table 11 North America bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 12 North America bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 13 North America bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 14 U.S. bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 15 U.S. bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 16 U.S. bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 17 Canada bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 18 Canada bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 19 Canada bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 20 Mexico bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 21 Mexico bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 22 Mexico bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 23 Europe bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 24 Europe bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 25 Europe bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 26 UK bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 27 UK bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 28 UK bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 29 Germany bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 30 Germany bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 31 Germany bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 32 France bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 33 France bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 34 France bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 35 Italy bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 36 Italy bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 37 Italy bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 38 Spain bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 39 Spain bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 40 Spain bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 41 Asia Pacific bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 42 Asia Pacific bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 43 Asia Pacific bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 44 China bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 45 China bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 46 China bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 47 Japan bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 48 Japan bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 49 Japan bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 50 Australia & New Zealand bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 51 Australia & New Zealand bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 52 Australia & New Zealand bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 53 India bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 54 India bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 55 India bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 56 Central & South America bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 57 Central & South America bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 58 Central & South America bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 59 Brazil bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 60 Brazil bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 61 Brazil bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 62 Middle East & Africa bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 63 Middle East & Africa bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 64 Middle East & Africa bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Table 65 South Africa bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Table 66 South Africa bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Table 67 South Africa bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Bacon market snapshot
- Fig. 2 Bacon market segmentation & scope
- Fig. 3 Bacon market penetration & growth prospect mapping
- Fig. 4 Bacon market value chain analysis
- Fig. 5 Bacon market dynamics
- Fig. 6 Bacon market Porter's Five Forces analysis
- Fig. 7 Bacon market estimates and forecast, by type, 2018 - 2030 (USD Million)
- Fig. 8 Bacon market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- Fig. 9 Bacon market estimates and forecast, by region, 2018 - 2030 (USD Million)
- Fig. 10 North America bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 11 U.S. bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 12 Canada bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 13 Mexico bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 14 Europe bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 15 Germany bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 16 UK bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 17 Spain bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 18 Italy bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 19 France bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 20 Asia Pacific bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 21 China bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 22 India bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 23 Japan bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 24 South Korea bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 25 Australia & New Zealand bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 26 Central & South America bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 27 Brazil bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 28 Middle East & Africa bacon market estimates and forecast, 2018 - 2030 (USD Million)
- Fig. 29 South Africa bacon market estimates and forecast, 2018 - 2030 (USD Million)
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