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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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.
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.
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.
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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