Expert Market Research’s new report titled “Global Bacon Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, provides an in-depth analysis of the global bacon market, assessing the market based on its segments. such as product types, distribution channels and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 4.3%
The demand for bacon has increased significantly with the onset of the COVID-19 pandemic, consequently fueling the growth of the market. Additionally, hoarding of food supplies due to stay-at-home orders has led to an increase in demand for bacon, spurring the growth of the industry. The demand for ready-to-eat bacon is increasing as people’s preferences for nutritious and healthy foods increase, further driving the growth of the industry. Additionally, the growing demand for comfort foods due to increased mental strain is increasing the demand for bacon, which is a traditional cuisine in places like the United States, Canada, and the United Kingdom.
Diet fads like Whole 30, Keto and Paleo diets are driving the demand for meat products, especially among millennials and Gen Z. As a result, the demand for bacon for nutritional purposes is increasing, which stimulates the growth of the industry. The growing popularity of home-cooked meals, especially in the wake of the pandemic, is driving up demand for traditional bacon, propelling the industry forward.
Industry definition and major segments
Bacon is a form of pork that is usually prepared from the belly or side of a pig. To eat, it is salted, dried, pickled and smoked. It is used in a variety of dishes, including soups, salads, and sandwiches, among others.
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The market can be broadly categorized on the basis of its product types into:
• Standard bacon
• Ready-to-eat bacon
The main distribution channels for bacon are:
• Restore channel
• Full service restaurants
• Quick service restaurants
• Cafes and bars
• Retail channel
• Specialty stores
• Online stores
The EMR report looks at regional bacon markets like:
• North America
• Asia Pacific
• Latin America
• the Middle East and Africa
The introduction of smaller bacon products by larger companies such as slices, chunks, and pieces, among others, is helping to drive the growth of the market. The market is expected to increase owing to the development of numerous bacon-containing food products with a variety of flavors and textures. Further, the market is expected to rise owing to creative and sustainable packaging options for bacon provided by leading companies to increase its popularity among the eco-conscious population. Moreover, the growth of the market is expected to be fueled by the development of gluten-free and low-calorie bacon throughout the forecast period.
However, increased demand for cruelty-free products may stifle industry growth. Various research and development (R&D) operations aimed at developing cultured bacon by collecting pig cells and stimulating them to transform into certain muscles are expected to augment the growth of the bacon industry. Also, increased demand for fully cooked types of bacon, which can provide faster and more convenient ways to obtain higher quality bacon with improved flavor, is likely to drive the expansion of the market. The increasing use of bacon in staple foods like sandwiches, salads, and burgers among other snacks is driving up the demand, which is driving the expected growth of the market in the coming years.
Main market players
The major market players are Hormel Foods Corporation, Tyson Foods Inc., The Kraft Heinz Company, Fresh Mark Inc., and Maple Leaf Food. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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