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Pulished Date March, 2021
ID: 11274
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United States Bacon Market Segmentation by Product Type (Dry Cured Bacon, Immersion Cured Bacon, and Pumped Bacon), By Nature (Organic And Conventional), By Source (Pork, Beef, Turkey, And Chicken), Distribution Channel (Food Service Channel And Retail), and Region - Forecast Period 2021-2026

Pulished: March, 2021
ID: 11274
Pages: 140

United States Bacon Market Size Overview:

United States Bacon Market size was worth US$ xx million in 2020, and it is determined to reach a valuation of US$ xx million by the end of 2025 with an expansion rate (CAGR) of xx% between 2020 and 2025.

Bacon is made with chunks of meat from the sides and belly of the pork body. The meat is sold fresh, hardened, and sometimes smoked. Bacon is relatively versatile when it comes to cooking. It is used to enhance the flavor of dishes, wraps lean meat, and hydrates the meat during cooking. Exquisitely salty bacon oil can be used for frying or cooking other dishes. Because Muslim and Jewish-dominated countries prohibit the consumption of pork, bacon is made from other animals such as turkey, goat, and beef. Bacon is usually eaten for breakfast and served with pancakes, eggs, or waffles. In addition to breakfast, bacon is widely used to enhance the flavor of sandwiches and hamburgers. Depending on the specific region, the flavor and texture of the bacon vary, such as American bacon, Canadian bacon, and Irish bacon. Bacon sandwiches are very popular with young people and this trend opens up new opportunities for market growth. Bacon sandwich sales through food and retail stores have paved the way for growth and revenue generation. School and college stores in the United States sell bacon products as a common item for sale. This factor played an essential role in the growth of the United States Bacon market, with increased investment in bacon production. It's safe to predict that the global bacon market will emerge as a lucrative industry in the next few years. Bacon is known for its flavor and it is the fat that provides most of the flavor. The flavor of commercially available bacon can vary greatly depending on the processing and curing method, the breed of the pig, the cutting method, and the feed.

United States Bacon Market Growth:

The growth of the United States Bacon market is due to the fact that meat products can be consumed immediately with products of the highest quality. Also, the increased consumption of red meat is supposed to have a positive impact on the United States Bacon market growth.

Drivers:

Increasing demand from the food processing industry has led to an increase in bacon consumption in many developed and developing countries over the past decades. The development and growth of the meat processing industry are driving the increasing demand for bacon and bacon-based products in the food industry, along with the increasing demand for red meat. As the demand for fast foods like bacon sandwiches, bacon pizzas, hamburgers, appetizers, etc. has increased, the demand for bacon has skyrocketed in the US market. Bacon can be shaped into a variety of textures and flavors, including Canadian bacon, Irish bacon, and American bacon, which are expected to drive the bacon market over the forecast period with a significant increase in demand for products with a bacon base. With the growing demand for bacon, many manufacturers in the food and beverage industry are incorporating bacon into their food products. This inclusion has allowed local bacon manufacturers to expand and enter the United States Bacon market, which is supposed to drive the growth of the bacon business. The catering market is driven primarily by the increasing frequency of dining out amid tight schedules and an increasing influence of cross-cultural dieting patterns due to the strong presence of international companies. Quick-service restaurants are considered fast food establishments and are popular in the United States due to consumers’ busy schedules and lifestyles. In addition, demand for quality foods and flavors is expected to increase, further enhancing market growth. 

With more and more bacon dishes in walk-in food outlets and restaurants, demand for bacon is supposed to increase over the outlook period. When pigs consume quality feed additives, the general health of the animal is improved by providing high-quality meat products. The abundant availability of bacon-based meats in the western region is likely to help companies expand their portfolio to increase their market share. The increase in demand for bacon in the food and beverage industry is expected to drive United States Bacon market growth during the envisioned period. However, the multi-dimensional nature of bacon and its prominent presence in Western cuisine helped bacon survive. A few years ago, the meat industry, especially in the United States Bacon market, was battling bacon overload, and the "Bacon Backlash," which quotes the headlines of a Wall Street Journal article, seemed inevitable. In addition to this, growing health problems have made zinc and vitamin A bacon more popular. The pet food industry has also developed bacon-based products in the nutraceutical field. Advances in meat processing technology, the increasing number of storage facilities and the rising call for animal protein are some of the fundamental factors responsible for the expected growth. Along with the development and growth of meat processing technology, the growing need for meat protein has led to an increase in the market demand for United States Bacon.

Restraints:

However, bacon contains significant amounts of sodium and fat, which increases the risk of heart disease and high blood pressure, thus inhibiting the growth of the United States Bacon market. Bacon is essentially made up of high amounts of sodium, which makes it one of the leading causes of various heart diseases. The health problems associated with bacon are holding back the growth of the United States Bacon business.

United States Bacon Market Segmentation

By product type, the USA bacon market is divided into dry-cured bacon, immersion cured bacon, and pumped bacon.

By nature, the USA market is mainly bifurcated into organic and conventional.

Based on the source, the local market is separated as pork, beef, turkey, and chicken.

Depending on the distribution channel, the USA market is categorized as a foodservice channel and retail.

Impact of COVID-19 on the United States Bacon Market:

The coronavirus outbreak has affected economies and industries in the USA due to travel bans, shutdowns, and business closures. The food and beverage industry is one of the major industries facing serious disruptions as a result of this outbreak, including cancellation of technology events, supply chain disruptions, and office closures. The market collapse caused by COVID-19 is affecting the growth of the United States Bacon business due to supply chain disruptions, factory closures, and the economic downturn.

Regional Analysis

Consumers across the United States are beginning to opt for meat-based breakfast options, including bacon, over other breakfast options. like pancakes, due to changes in taste buds and will. Try a new product. Fast-food chains in this nation have launched several bacon options with interesting flavors to increase consumer satisfaction and market sales in the locale.

United States Bacon Market Key Players

Key players operating in the United States Bacon market include Smithfield Foods, Inc., Hormel Foods Corporation, Applegate Farms, Organic Prairie, LLC, BRF SA, True Story Foods, Farmland Industries, Inc., Foster Farms, OSI Group, JBS SA, The Oscar Mayer Company, Cargill, Inc., WH Group, B. & C. Tönnies Fleischwerk GmbH & Co. KG and Karro Food Group

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 US Bacon Market, By Product Type                        

                                6.1.1 Dry Cured Bacon   

                                6.1.2 Immersion Cured Bacon    

                                6.1.3 Pumped Bacon      

                                6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 US Bacon Market, By Nature                     

                                6.2.1 Organic     

                                6.2.2 Conventional         

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 US Bacon Market, By Source                     

                                6.3.1 Pork           

                                6.3.2 Beef           

                                6.3.3 Turkey      

                                6.3.4 Chicken    

                                6.3.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.6 Y-o-Y Growth Rate Analysis             

                                6.3.7 Market Attractiveness Index          

                6.4 US Bacon Market, By Distribution Channel                          

                                6.4.1 Food Service Channel         

                                6.4.2 Retail         

                                6.4.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.4 Y-o-Y Growth Rate Analysis             

                                6.4.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1  Identity Governance and Administration Market, by Region                  

                7.2 Unites States - Market Analysis (2018 - 2024)                            

                                7.2.1 By Product Type   

                                7.2.2 By Nature

                                7.2.3 By Source

                                7.2.4 By Distribution Channel     

8. Key Player Analysis                                    

                8.1 BRF S.A                         

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Cargill Inc                     

                8.3 Foster Farms                              

                8.4 Hormel Foods Corporation                  

                8.5 OSI Group                   

                8.6 Smithfield Foods Inc                               

                8.7 Applegate Farms LLC                              

                8.8 True Story Foods                      

                8.9 Tyson Foods Inc.                      

                8.10 The Kraft Heinz Company                  

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product Type, By Nature, By Source and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. US Bacon Market By Region, From 2020-2025 ( US D Billion )
  2. US Bacon Market By Product Type, From 2020-2025 ( US D Billion )
  3. US Dry Cured Bacon Market By Region, From 2020-2025 ( US D Billion )
  4. US Immersion Cured Bacon Market By Region, From 2020-2025 ( US D Billion )
  5. US Pumped Bacon Market By Region, From 2020-2025 ( US D Billion )
  6. US Bacon Market By Nature, From 2020-2025 ( US D Billion )
  7. US Organic Market By Region, From 2020-2025 ( US D Billion )
  8. US Conventional Market By Region, From 2020-2025 ( US D Billion )
  9. US Bacon Market By Source, From 2020-2025 ( US D Billion )
  10. US Pork Market By Region, From 2020-2025 ( US D Billion )
  11. US Beef Market By Region, From 2020-2025 ( US D Billion )
  12. US Turkey Market By Region, From 2020-2025 ( US D Billion )
  13. US Chicken Market By Region, From 2020-2025 ( US D Billion )
  14. US Bacon Market By Distribution Channel, From 2020-2025 ( US D Billion )
  15. US Food Service Channel Market By Region, From 2020-2025 ( US D Billion )

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