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Global Bacon Market

  • Published Date: 29 Mar 2018
  • Number of Pages: 220
  • Category: Food and Beverages
  • Country: Global
The Bacon market has been accounted to be worth US$ XX Billion and is expected to grow to US$ XX Billion by 2022, at a CAGR of XX% during the forecast period. The expected growth of the market is justified by its versatile nature and coming of new, creative products in the industry. Many countries use bacon as a side-dish apart from breakfast. It is also widely used to flavour a variety of foodstuffs like Pop-Corn, Ice-creams and Chocolates. As a food, the culinary trend of Bacon seems to be never-ending, unlike cupcakes and muffins. The Bacon business is entirely dependent on the meat industry.

Market Dynamics:

A few years ago, the meat industry, especially in the U.S market suffered from bacon overloadand The Bacon Backlash, to quote the headline of a Wall Street Journal article seemed inevitable. However, the multidimensional nature of Bacon and its prominent presence in the western cuisine have helped it survive the downs. Advancements in meat processing technology, growing number of storage facilities and an increased demand for animal protein are some of the fundamental factors responsible for the anticipated growth. Apart from these, increasing health concerns have enhanced the popularity of Bacon with zinc and Vitamin-A. The Pet food industry has also developed bacon-based products in the field of nutraceuticals. Bacon inherently consists of large amount of sodium, which is a major cause of a variety of heart ailments. Health issues related to bacon restrain the growth of the market. Major companies expanding the market in developing countries has created many opportunities for the manufacturers. Technological advancements have made the meat processing easier and cheaper.

Market Segmentation:

On the basis of meat type, the bacon market has been segmented into Turkey bacon, Traditional bacon, Canadian bacon and pancetta; wherein, the Traditional bacon segment dominates the global market. On the basis of processing, the market has been segmented into dry-cured, immersion-cured and pumped bacon. Immersion-cured bacon has the largest market share around the world. The global bacon market is further segmented on the basis of distribution channel into supermarkets/hypermarkets, convenience stores, grocery stores and others. The supermarkets/hypermarkets segment dominates the global market.

Geographical Analysis:

North America holds the largest fraction of the global bacon market with the United States leading the market. However, the Asia-Pacific region is predicted to grow fastest. China is the world leader in pork consumption. In the U.S., more than 50% pork produced gets processed into bacon and sausage while in China this percentage is currently less. The rising disposable income, increasing population and shift in consumer consumption patterns in China will fuel bacon consumption. South America and Europe are also predicted to have healthy growth rates of XX% and XX% respectively during the forecast period. Major manufacturers are trying to expand their market in China, to increase sales. Indias ban on cow slaughter and mass beef sale has also provided tremendous potential for the entire meat industry to fill in the void. The main source of meat in Indian cuisine was from the open market and the ban has provided a huge potential for direct import of related products.

Key players in the industry include Shuanghui International (Chinese), Hormel Foods Corp. (American), Oscar Mayer (American) and BRF S.A. (Brazilian)- to name a few.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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