North America Bacon Market

Market Introduction

Bacon is a versatile ingredient in cooking and its use enhances the flavors of dishes. Owing to the continuous developments in meat processing technologies and increasing demand for meat protein, the bacon market in North America experiences tremendous growth. Also, the upsurge in the demand for pizza, sandwiches, and hamburgers bolsters the growth of the bacon market. The increasing number of developments in new products, such as turkey bacon, is expected to provide lucrative opportunities in the North America bacon market in the coming years.

Market Overview and Dynamics

The North America bacon market is expected to reach US$ 14,041.62 million by 2027 from US$ 9,501.35 million in 2018. The market is anticipated to grow at a CAGR of 4.4% from 2019 to 2027. The rising consumption of animal-derived products and the growing preference for convenience food products drive the market growth. However, growing health awareness among consumers due to the increasing number of lifestyle chronic diseases limits the growth of the market in North America.

Key Market Segments

Based on nature, the conventional segment accounted for a larger share of the North America bacon market in 2018. In terms of source, the pork segment is expected to hold the largest share of the market by 2027. Based on type, the pumped bacon segment held the significant share of the North America bacon market in 2018. By distribution channel, the supermarkets and hypermarkets segment accounted for the largest market share of the market in 2018.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the North America bacon market are Applegate Farms, LLC; Farmland Industries, Inc.; Foster Farms, Inc.; Hormel Foods Corporation; JBS S.A.; Organic Prairie; OSI Group; Smithfield Foods, Inc.; and True Story Foods.

Impact of COVID-19 Pandemic on Bacon Market

The COVID-19 outbreak began in Wuhan (China) in December 2019, and since then, it spread across the world at a rapid pace, affecting economies and industries in many countries due to lockdowns, travel bans, and business shutdowns. In North America, food & beverages is one of the major industries suffering serious consequences of this pandemic owing to the factors such as disruptions in the supply chain, cancellations of technology events, and office shutdowns. The overall market breakdown due to the COVID-19 crisis is affecting the growth of the bacon market in this region.

Reasons to Buy Report

• Understand the bacon market landscape and identify segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for the bacon market
• Efficiently plan M&A and partnership deals in the bacon market by identifying market segments with the most promising probable sales
• Take knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
• Obtain revenue forecast for market based on various segments for the period 2018–2027

NORTH AMERICA BACON MARKET SEGMENTATION

By Nature

• Organic
• Conventional

By Source

• Pork
• Beef
• Turkey
• Chicken

By Type

• Dry Cured
• Immersion Cured
• Pumped Bacon

By Distribution Channel

• Supermarkets and Hypermarkets
• Independent Retailers
• Food Service
• Others

By Country

• US
• Canada
• Mexico

Company Profiles

• Applegate Farms, LLC
• Farmland Industries, Inc.
• Foster Farms, Inc.
• Hormel Foods Corporation
• JBS S.A.
• Organic Prairie
• OSI Group
• Smithfield Foods, Inc.
• True Story Foods

North America Bacon Strategic Insights

Strategic insights for the North America Bacon provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Bacon Report Scope

North America Bacon Regional Insights

The geographic scope of the North America Bacon refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.