North America Bacon Market Regional Share, Global Size, Trends, Segmentation and Forecast to 2027
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.
The List of Companies
- 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
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Market Introduction
Bacon is a widely used ingredient that enhances the flavors of various dishes. The North American bacon market is experiencing significant growth due to advancements in meat processing technologies and the rising demand for meat-based protein. The increasing popularity of bacon in pizzas, sandwiches, and hamburgers further fuels market expansion. Additionally, the introduction of new product variations, such as turkey bacon, is expected to create lucrative opportunities in the region’s bacon market in the coming years.
Key Market Segments
- By Nature: The conventional segment accounted for the largest share of the North American bacon market in 2018.
- By Source: Pork is expected to remain the dominant source, holding the largest market share by 2027.
- By Type: In 2018, pumped bacon represented a significant portion of the market.
- By Distribution Channel: Supermarkets and hypermarkets led the market in 2018, holding the largest share among distribution channels.
Impact of COVID-19 on the Bacon Market
The COVID-19 pandemic, which began in Wuhan, China, in December 2019, rapidly spread worldwide, severely impacting economies and industries. In North America, the food and beverage sector experienced major disruptions due to supply chain breakdowns, event cancellations, and business closures. These challenges also affected the bacon market, causing temporary setbacks in production and distribution.
Reasons to Buy This Report
- Gain insights into the bacon market landscape and identify high-potential segments.
- Stay ahead of competitors by understanding market dynamics and trends.
- Strategically plan mergers, acquisitions, and partnerships by targeting promising market segments.
- Make informed business decisions through a comprehensive analysis of market performance.
- Access revenue forecasts for various market segments from 2018 to 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
- United States
- Canada
- Mexico
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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