Bacon Market, By Type (Regular, Cooked), By Distribution Channel (Food Service Channel, Supermarket/Hypermarket, Specialty Stores, Online Stores, Other Distribution Channels), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI5500

Pages :140

Formats :

Excel and PDF

Industry : Food and Beverages

Bacon MarketSize and Trends

The global bacon market size was valued at USD 23,446.30 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 3.13% from 2022 to 2030. Growth is primarily driven by escalating demand for ready-to-eat foods and rising awareness of accommodation food. Other factors are the growing demand for pork products and increased consumer spending capacities. Leading producers are investing heavily in attractive packaging solutions and innovative product variants. They are also launching low-calorie bacon and gluten-free bacon. This enables them to compete with meat substitutes. Moreover, the industry is further anticipated to witness growth on the account of changing lifestyle and eating habits.

Global Bacon Market Trends:

Growing Number Of Merger And Acquisition

Key players are adopting merger and acquisition for market expansion and this could be a major trend for the global market. For instance, in November 2018, Tyson foods Inc. acquired Keystone Foods, an American supplier of meat products, to provide the growing foodservice business, primarily in North Europe and Australia, with a broad product portfolio, by maintaining the same brand loyalty.

Fast Food Organizations Are Upgrading Their Menus

Increase in the number of dining out venues and the expansion of the convenience food sector is another major trend. Moreover, a number of fast food organizations are also upgrading their menus to include newer and more innovative food items.