0
2022
Smoked Bacon And Ham Market

Smoked Bacon and Ham Market

by Type (Smoked Bacon, Smoked Ham), by Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Food Services, Online Retailers, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

Report Code: A15999
Pages: 250
Apr 2022 | 1883 Views
Author(s) : Vidit G , Roshan D
Tables: 116
Charts: 55
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Smoked Bacon And Ham Market Research, 2030

The global smoked bacon and ham market was valued at $13.9 billion in 2020, and is projected to reach $20.9 billion by 2030, growing at a CAGR of 4.47% from 2021 to 2030.

The smoked bacon and ham market was affected negatively by the outbreak of the COVID-19 in 2020. Manufacturers were facing shortage in sourcing of raw pork for processing of smoked ham and bacon. According to the U.S. Department of Agriculture (USDA) 2021, the global pork meat production was registered at 101,029,000 MT which was decreased to 95,755,000 MT in 2020. Thus, the market performance was affected negatively and is expected to normalize in next couple of years.

Smoked Bacon and Ham Industry, Smoked Bacon and Ham Market Size, Smoked Bacon and Ham Market Share, Smoked Bacon and Ham Market Growth, Smoked Bacon and Ham Market Forecast

Smoked bacon and ham are prepared by transforming the pork meat or its by-products by fermentation, salting, smoking, curing, and other processes in order to enhance the taste and extend the shelf life of the meat product. Pork meat are generally processed and various processed meat products include ham, bacon, sausages, hot dogs, and pepperoni. Different preservatives and additives such as sodium nitrite, sodium nitrate, spices, and sodium phosphate are used in processing of bacon and ham that adds flavor and reduces the growth of microorganisms which prevents the spoilage of food. The smoked bacon and ham market is gaining traction in the global processed food markets due to the growing preference of convenience foods among the population along with the tasty and nutritional food in their hectic schedule. Rising disposable income, changing lifestyle of the consumers, increasing adoption of westernization in the food, and rapid growth in urban population are expected to foster the smoked bacon and ham market growth during the forecast period.

Increase in urbanization drives the growth of processed food market worldwide. Smoked bacon and ham is an emerging category in processed food sector and gaining huge popularity among the consumers. The consumers are looking for convenience in food preparation and choices in food selection. Smoked bacon and ham entice consumers owing to the offerings of taste, health benefits, and ease of availability in modern trades. Furthermore, emerging fast-food chains, cafes, and popular hotels are not limited to major cities and towns but also emerging in underdeveloped areas. These fast-food chains and cafes play a significant role in the sales of the smoked bacon and ham in developing economies. According to the United Nations, 60% of the global population is expected to live in urban areas by 2030, increasing from 55% in 2018. This provides a lucrative opportunity to the manufacturers to boost their revenue due to a rise in the prospected customer base. Argentina and Asia have the lowest level of urbanization with 43% and 50% of the population living in urban areas respectively. Argentina and Asia, therefore are expected to provide significant development opportunities to the smoked bacon and ham manufacturers in the near future.

Ready-to-eat/ ready-to-cook meals are pre-cooked foods that have a longer shelf life and are consumed on the move. In addition, these meals are gaining popularity due to the convenience offered, as they save time and no additional heating is required before consumption. Moreover, the availability of ready-to-eat meals has increased over the years, which has influenced the eating habits of consumers. Pre-cooked or ready meals are extremely convenient, less time consuming, cost-efficient, and less efforts are required for meal preparation. These benefits have increased the demand for ready meals, particularly among the working population and students. The increased demand for ready-to-eat meals is driving sales of smoked bacon and ham, as these are utilized in ready-to-eat meals and complement the taste of the dishes. The rising preference for such meals is fueling the growth of the smoked bacon and ham industry.

However, there are various diseases associated with meat or pork meat that are well recognized among meat industry players and the general public or consumers. Several diseases include trichinosis from pork, E. coli from beef, bovine spongiform encephalitis (BSV) from cattle/beef, salmonella from poultry, and scrapie from mutton or lamb. Recently Argentinean swine fever has spread into East Asia that has impacted adversely the pork meat production. The decline in pork meat resulted in the increased demand for other meat resulting in a price hike of other meats. China was the most impacted market due to Argentinean swine fever and it tried to meet the demand for pork meat by importing pork. Therefore, the sales and the production both ridiculously deteriorate causing a temporary but huge impact on the meat market, with the outbreak of these meat-associated viruses and infectious diseases. Hence, the vulnerability of meat to infectious diseases hinders the growth of the smoked bacon and ham market.

Segment review

The global smoked bacon and ham market is segmented into type, distribution channel, and region. On the basis of type, the smoked bacon and ham market SizeĀ is categorized into smoked bacon and smoked ham. By distribution channel, it is segregated into hypermarkets/supermarkets, food services, convenience stores, online retailers, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Spain, Germany, France, Italy, Poland, and rest of Europe), Asia-Pacific (China, Japan, India, Philippines, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Argentina, and rest of LAMEA).

Smoked Bacon and Ham Market

On the basis of type, the global processed meat market is segregated into smoked bacon and smoked ham. The smoked ham dominated the market in 2020 and is expected to maintain its significance during the smoked bacon and ham market forecastĀ period due to the associated sensorial offerings and its popularity among the global consumers.

Smoked Bacon and Ham Market

On the basis of distribution channel, the processed meat market is segmented into supermarkets/hypermarkets, convenience stores, food services, online retailers, and others. Food services held a significant share in 2020. Moreover, the supermarkets/hypermarkets and food services segments collectively accounted for around 55% of the global smoked bacon and ham market share.

Smoked Bacon and Ham Market

The smoked bacon and ham market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The market is dominated by Asia-Pacific, followed by Europe. The increase in popularity of fast-food chains, cafes, and hotels has significantly enhanced the growth of the smoked ham and bacon market in LAMEA and North America.

The players operating in the global smoked bacon and ham market have adopted various developmental strategies to expand their deli meat market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Smithfield Foods, Inc., Tyson Foods, Hormel Foods Corporation, Pestells Rai Bacon Company, Cornish Farmhouse Bacon Co Ltd, Boks Bacon, Holly Bacon, Sunnyvalley Smoked Meats, JBS USA, and Hill Meat Company.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smoked bacon and ham market analysis from 2020 to 2030 to identify the prevailing smoked bacon and ham market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the smoked bacon and ham market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global smoked bacon and ham market trends, key players, market segments, application areas, and market growth strategies

Smoked Bacon and Ham Market Segments

By Type

  • Smoked Bacon
  • Smoked Ham

By Distribution Channel

  • Supermarket/Hypermarket
  • Convenience Stores
  • Food Services
  • Online Retailers
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Spain
    • France
    • Poland
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Philippines
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Argentina
    • Rest of LAMEA

Smoked Bacon and Ham Market Report Highlights

Aspects Details
By Type
  • Smoked Bacon
  • Smoked Ham
By Distribution Channel
  • Supermarkets/Hypermarkets
  • Convenience stores
  • Food Services
  • Online Retailers
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, Spain, France, Poland, Italy, Rest of Europe)
  • Asia-Pacific  (India, China, Japan, Philippines, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa,, Argentina, Rest of LAMEA)
Key Market Players Boks Bacon, Sunnyvalley Smoked Meats, Smithfield Foods, Inc., Tyson Foods, Inc., Holly Bacon, Hormel Foods Corporation, JBS USA, Hill Meat Company, Pestells Rai Bacon Company, Cornish Farmhouse Bacon Co Ltd
 

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Based on the insights of the top CXOs, the growing preference of organic pork meat across the globe is expected to be the upcoming trend in the market. Growing health consciousness and awareness regarding healthy food habits among the global population is encouraging the consumers to opt for organic food products. Organic labelled food ensures that the food is chemical free. By organic pork meat, it is meant that no growth promoters, drugs, or any other additives is fed to the livestock.

Animal feed must be grown as per the organic standards. No use of chemical pesticides or fertilizers to be used on the feed crops or grasses that are grown to fed the livestock animals and also no use of genetically modified organisms (GMO). When the animal is farmed subjected to the aforementioned standards, the meat derived from those animals is said to be the organic pork meat. The consumption of organic pork meat is perceived to be healthier as it is free from harmful chemicals. Therefore, consumers are opting for organic pork meat and hence the use of organic pork meat in making processed meat products such as bacon, ham, pepperoni, and others boost the demand for the processed meats and thus contributing towards the growth of the global smoked bacon and ham market.

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FREQUENTLY ASKED QUESTIONS?

A. The global smoked bacon and ham market size was valued at $13,939.4 million in 2020, and is estimated to reach $20,919.1 million by 2030, registering a CAGR of 4.47% from 2021 to 2030.

A. The forecast period in the market report would be 2021-2030.

A. The market value of smoked bacon and ham in 2020 is $13,939.4 million.

A. The year 2020 is base year calculated in the smoked bacon and ham report.

A. Rising disposable income, changing lifestyle of the consumers, increasing adoption of westernization in the food, and rapid growth in urban population are the key trends expected to foster the market growth during the forecast period.

A. The key players profiled in this report include Smithfield Foods, Inc., Tyson Foods, Hormel Foods Corporation, Pestells Rai Bacon Company, Cornish Farmhouse Bacon Co Ltd, Boks Bacon, Holly Bacon, Sunnyvalley Smoked Meats, JBS USA, and Hill Meat Company.

A. The smoked bacon and ham market was affected negatively by the outbreak of the COVID-19 in 2020. Manufacturers were facing shortage in sourcing of raw pork for processing of smoked ham and bacon.

A. Asia-Pacific will dominate the market by the end of 2030.

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