BACON MARKET ANALYSIS

Market News

Global Bacon Market: Key Developments

In August 2019, Hormel’s bacon roots extend into multiple retail in the foodservice area as the foodservice portfolio consists of both raw and fully cooked bacon items. Each of these categories are made up for three quality tiers in order to meet the needs of a wide array of customers.

In June 2019, Hormel Foods Corporation added two new all-natural deli meat and cheese snacks to its Natural Choice brand portfolio. The two new flavors are inspired by bold global flavors and offer consumers a delicious and convenient way to snack, naturally.

In June2018, Hormel Black Label introduced four new bacon topping products, including cherrywood real bacon crumbles, pecanwood real bacon crumbles, real chopped bacon, and single-serve real bacon bits.

In August 2017, The Applegate brand of Hormel Foods Corporation introduced the Applegate Naturals No Sugar Bacon, to satisfy sugar- conscious consumers. It does not contain sugar but maintains a hickory smoke flavor.

In August 2019, Tyson Foods Inc. started a new facility to help itself in developing more automation and robotics for its food production plants. The center provides space for development of new manufacturing solutions and collaborates with its information technology team and equipment suppliers.

In November 2018, Tyson Foods Inc. completed the acquisition of Keystone Foods, one of the leading suppliers of chicken, beef, fish, and pork to the growing global foodservice industry, from Marfrig Global Foods. The acquisition supports Tyson’s domestic and international growth strategy.