According to our latest market study on "Global Bacon Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Nature (Organic, Conventional); Source (Pork, Beef, Turkey, Chicken); Type (Dry Cured, Immersion Cured, Pumped Bacon); Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Food Service, Others), and Geography," the market was valued at US$ 27,419.94 million in 2018 and is projected to reach US$ 40,004.6 million by 2027; it is expected to grow at a CAGR of 4.3% from 2019 to 2027.The report highlights key factors driving the market growth and prominent players and their developments in the market.
Report Coverage Details
Market Size Value in- US$ 27,419.94 Million in 2018
Market Size- US$ 40,004.62 Million by 2027
Growth rate- CAGR of 4.3% from 2019-2027
Forecast Period- 2019-2027
Base Year- 2019
No. of Pages- 185
No. Tables- 102
No. of Charts & Figures- 88
Historical data available- Yes
Segments covered- Nature ; Source ; Type ; Distribution Channel ; and Geography
Regional scope- North America; Europe; Asia Pacific; Latin America; MEA
Country scope- US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage- Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Get Exclusive Sample Pages of Bacon Market at
https://www.theinsightpartners.com/sample/TIPRE00011591/
Bacon refers to the sides and belly portion of the pig’s body that is cured and smoked. Bacon is versatile in terms of cooking and helps in increasing the flavor of dishes. When wrapped around lean meats, it proffers moisture while it is cooked. Development in meat processing technologies and an increase in the demand for meat protein, the bacon market have experienced tremendous growth during the past years. The upsurge in demand for pizza, sandwiches, and hamburgers has also bolstered the bacon market growth. However, bacon contains some amount of fats and sodium that increases the risk of heart diseases and blood pressure, which restricts the demand for bacon. Development in new products like turkey bacon is expected to provide lucrative opportunities to the bacon market in the upcoming years.
Impact of COVID-19 Pandemic on Bacon Market
The COVID-19 outbreak was first reported in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of June 2020, US, Brazil, India, Russia, Spain and the UK are a few of the worst-affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food and beverages is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.
Download the Latest COVID-19 Analysis on Bacon Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00011591
Based on source, the bacon market has been segmented into pork, beef, turkey, and chicken. In 2018, the pork segment dominated the bacon market. Pork is the culinary name for the meat of domestic pig. Pork bacon has been one of the major contributing sources for the global expansion of the bacon market. In North and South America, Europe and some countries in the Asia Pacific region, there has been an increasing demand for the pork bacon. The US, Canada, Mexico, Italy, France, Germany, and UK amongst many other countries has experienced a rising demand for the pork market and is estimated to be growing in the coming years. The rising demand for pork bacon in these regions has contributed to the over expansion of the bacon market across the world. In general, as bacon has a higher fat content and intense smoky flavor, the increasing demand and flavor for pork meat has favored the market globally.
The global bacon market is segmented into five regions— North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. North America accounted for the largest share of the global bacon market in 2018, followed by Europe and Asia Pacific. The food and beverage companies operating in the region are continuously enhancing the overall business processes to meet the rising customers' demands in the best possible way. A large number of domestic and international companies have a strong foothold in North America. Applegate Farms, LLC, Smithfield Foods, and Farmland Foods are some of the key players operating in the North America bacon market. In the region, the US is one of the largest consumers of bacon, followed by Canada and Mexico
Bacon Market: Competitive Landscape and Key Developments
Applegate Farms, LLC, Farmland Industries, Inc., Foster Farms, Hormel Foods Corporation, JBS S.A., Karro Food Group, Organic Prairie, Osi Group., Smithfield Foods, Inc., True Story Foods. are among the key players in the global Bacon market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
Order a Copy of Bacon Market Shares, Strategies and Forecasts 2020-2027 Research Report at https://www.theinsightpartners.com/sample/TIPRE00011591/
Browse Related Reports and get Sample copy
Nitrate Free Bacon Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Pork, Beef, Turkey, Chicken); Type (Dry Cured, Immersion Cured, Pumped Bacon); Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Food Service, Others) and Geography
- https://www.theinsightpartners.com/sample/TIPRE00013934/
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
More Research: https://clarkcountyblog.com/author/theinsightpartners/
Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: www.theinsightpartners.com/pr/bacon-market
