North America Bacon Market Forecast to 2027 - Covid-19 Impact and Analysis - by Nature (Organic and Conventional), Source (Pork, Beef, Turkey, and Chicken), Type (Dry Cured, Immersion Cured, and Pumped Bacon), and Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Food Service, and Others), and Country
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Bacon Market – By Nature
1.3.2 North America Bacon Market – By Source
1.3.3 North America Bacon Market – By Type
1.3.4 North America Bacon Market – By Distribution Channel
1.3.5 North America Bacon Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Bacon Market Landscape
4.1 Market Overview
4.2 PEST Analysis – North America
5. Bacon Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rise in consumption of animal-derived products
5.1.2 Rising preference for convenience food products
5.2 Market Restraints
5.2.1 Growing health awareness among consumers due to increasing number of lifestyle and chronic diseases
5.3 Market Opportunities:
5.3.1 Development of new products by the market players
5.4 Future Trends:
5.4.1 Usage of bacon in paleo and keto diet
5.5 Impact Analysis of Drivers and Restraints
6. Bacon – North America Market Analysis
6.1 North America Bacon Market Overview
6.2 North America Bacon Market Forecast and Analysis
7. Bacon Market Analysis – By Nature
7.1 Overview
7.2 Bacon Market, By Nature (2018 and 2027)
7.3 Organic
7.3.1 Overview
7.3.1.1 Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Conventional
7.4.1 Overview
7.4.1.1 Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8. Bacon Market Analysis – By Source
8.1 Overview
8.2 Bacon Market, By Source (2018 and 2027)
8.3 Pork
8.3.1 Overview
8.3.1.1 Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Beef
8.4.1 Overview
8.4.1.1 Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Turkey
8.5.1 Overview
8.5.1.1 Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Chicken
8.6.1 Overview
8.6.1.1 Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9. Bacon Market Analysis – By Type
9.1 Overview
9.2 Bacon Market, By Type (2018 and 2027)
9.3 Dry Cured
9.3.1 Overview
9.3.1.1 Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Immersion Cured
9.4.1 Overview
9.4.1.1 Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Pumped Bacon
9.5.1 Overview
9.5.1.1 Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
10. Bacon Market Analysis – By Distribution Channel
10.1 Overview
10.2 Bacon Market, By Distribution Channel (2018 and 2027)
10.3 Supermarket and Hypermarkets
10.3.1 Overview
10.3.1.1 Supermarkets and Hypermarkets: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Independent Retailers
10.4.1 Overview
10.4.1.1 Independent Retailers: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Food Service
10.5.1 Overview
10.5.1.1 Food Service: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.1.1 Others: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11. Bacon Market – Country Analysis
11.1 Overview
11.1.1 North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
11.1.2 North America: Bacon Market, by Key Country
11.1.2.1 US: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.1.2.1.1 US: Bacon Market, by Nature
11.1.2.1.2 US: Bacon Market, by Source
11.1.2.1.3 US: Bacon Market, by Type
11.1.2.1.4 US: Bacon Market, by Distribution Channel
11.1.2.2 Canada: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.1.2.2.1 Canada: Bacon Market, by Nature
11.1.2.2.2 Canada: Bacon Market, by Source
11.1.2.2.3 Canada: Bacon Market, by Type
11.1.2.2.4 Canada: Bacon Market, by Distribution Channel
11.1.2.3 Mexico: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
11.1.2.3.1 Mexico: Bacon Market, by Nature
11.1.2.3.2 Mexico: Bacon Market, by Source
11.1.2.3.3 Mexico: Bacon Market, by Type
11.1.2.3.4 Mexico: Bacon Market, by Distribution Channel
12. Overview- Impact of Covid-19 Outbreak
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
13. Company Profiles
13.1 Applegate Farms, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Farmland Industries, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Foster Farms, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 Hormel Foods Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 JBS S.A
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Development
13.6 Organic Prairie
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 OSI Group
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Smithfield Foods, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 True Story Foods
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
14. Appendix
14.1 About the Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. North America Bacon Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. US Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 3. US Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 4. US Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 5. US Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 6. Canada Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 7. Canada Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 9. Canada Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico Bacon Market, by Nature – Revenue and Forecast to 2027 (USD Million)
Table 11. Mexico Bacon Market, by Source – Revenue and Forecast to 2027 (USD Million)
Table 12. Mexico Bacon Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Mexico Bacon Market, by Distributional Channel – Revenue and Forecast to 2027 (USD Million)
Table 14. Glossary of Terms, Bacon Market
LIST OF FIGURES
Figure 1. North America Bacon Market Segmentations
Figure 2. North America Bacon Market Segmentation – By Country
Figure 3. Bacon Market Overview
Figure 4. Pork Segment Held Largest Share of North America Bacon Market
Figure 5. US Held Largest Share of North America Bacon Market
Figure 6. Bacon Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Bacon Market Impact Analysis of Driver and Restraints
Figure 9. North America Bacon Market Forecast And Analysis, (US$ Mn)
Figure 10. Bacon Market Revenue Share, by Nature (2018 and 2027)
Figure 11. Organic: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. Conventional: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Bacon Market Revenue Share, by Source (2018 and 2027)
Figure 14. Pork: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Beef: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Turkey: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Chicken: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Bacon Market Revenue Share, by Type (2018 and 2027)
Figure 19. Dry Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Immersion Cured: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Pumped Bacon: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Bacon Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 23. Supermarkets and Hypermarkets: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Independent Retailers: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. Food Service: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Others: Bacon Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. North America: Bacon Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. North America: Bacon Market Revenue Share, by Key Country (2018 and 2027)
Figure 29. US: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. Canada: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Mexico: Bacon Market –Revenue and Forecast to 2027 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Bacon Market
- 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
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America bacon market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.