APAC Bacon Market Forecast to 2027 – COVID-19 Impact and Analysis by Nature (Organic, Conventional), Source (Pork, Beef, Turkey, Chicken), Type (Dry Cured, Immersion Cured, Pumped Bacon), Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Food Service, Others), and Country
Number of Pages: 84
Market Introduction
Bacon refers to the sides and belly portion of the pig’s body that is cured and smoked. Bacon is versatile in terms of cooking and helps in increasing the flavor of dishes. When wrapped around lean meats, it proffers moisture while it is cooked. Development in meat processing technologies and an increase in the demand for meat protein, the bacon market has experienced tremendous growth during the past years. The upsurge in demand for pizza, sandwiches, and hamburgers have also bolster well the bacon market growth. However, bacon contains some amount of fats and sodium that increases the risk of heart diseases and blood pressure. This restricts the demand for bacon. The ketogenic diet slightly differs from the paleo diet. Instead of having the balanced ratio among the fats, carbs, and protein sources of energy in a keto plan basically come from fats and proteins, while consumers fill the body with fewer carbohydrates. However, this theory behind a keto diet is re-training the body to use fats rather than carbs for energy to increase weight loss. This trend of using meat products and bacon in keto and paleo diet will gain popularity among the health-conscious consumer and those who are willing to reduce weight. This, in turn, is expected to influence the bacon market. Thus, the usage of bacon in paleo and keto diet is expected to create a significant demand for bacon in the coming years, which is further anticipated to drive the bacon market.
Market Overview and Dynamics
The bacon market in APAC is expected to grow from US$ 6,468.6 million in 2019 to US$ 9,281.1
million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027. Usage of bacon in paleo and keto diet. Food trends defined the twenty-first century as a health and wellness culture among consumers. Along with the dietary programs such as Atkins and Weight Watchers reigned among the millennium, there has also been a shift to broader “lifestyle” trends. Starting from veganism to absolute raw food diets, people could presume the love for the favorite food like bacon is diminishing. Some of the fastest-growing food crazes include paleo and keto diet plans. Both the plants rely mostly on protein and healthy fats intake to sustain on low carbs. A paleo diet includes a maximum of meat (eat more bacon), and this diet is dense with nutrients along with high in fat and low in carbs. The Department of Anthropology and Radiology from Emory University had conducted a research study, and they found that our ancestors gained about 35 percent of their dietary energy by consuming fats, 35 percent from carbs, and 30 percent from protein. Hence, consumers can achieve the paleo lifestyle by chowing down on fruits, vegetables, meats, seafood, and nuts. The paleo plan can also help to increase muscle mass because of the high protein intake combined with shorter, more intense workout sessions.
Key Market Segments
In terms of nature type, the conventional segment accounted for the largest share of the APAC becan market in 2019. In terms of source type, the pork segment held a larger market share of the bacon market in 2019. In terms of type, the pumped bacon accounted for the largest share of the APAC becan market in 2019. Further, the supermarkets and hypermarkets segment held a larger share of the market based on distribution channel in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the bacon market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are OSI Group, JBS S.A, Hormel Foods Corporation, Farmland Industries, Inc., and Applegate Farms, LLC among others.
Reasons to buy report
- Understand the APAC bacon market landscape and identify market segments that likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in APAC
- Efficiently plan Mergers and acquisitions and partnership deals in APAC bacon market by identifying market segments with the most promising probable sales
- Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
- Obtain revenue forecast for market based on various segments for the period 2019-2027
APAC Bacon Market Segmentation
APAC Bacon Market- by Nature Type
- Organic
- Conventional
APAC Bacon Market - by Source Type
- Pork
- Beef
- Turkey
- Chicken
- Dry Cured
- Immersion Cured
- Pumped Bacon
APAC Bacon Market - by Distribution Channel
- Supermarkets and Hypermarkets
- Independent Retailers
- Food Service
- Others
APAC Bacon Market - by Country
- China
- Australia
- Japan
- South Korea
- Rest of APAC
APAC Bacon Market - Company Profiles
- OSI Group
- JBS S.A
- Hormel Foods Corporation
- Farmland Industries, Inc.
- Applegate Farms, LLC
Asia Pacific Bacon Market Strategic Insights
Asia Pacific Bacon Market Report Highlights
| Report Attribute | Details |
| Market size in 2019 | US$ 6468.6 Million |
| Market Size by 2027 | US$ 9,281.1 Million |
| CAGR (2020 - 2027) | 4.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Nature
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Regions and Countries Covered
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| Asia-Pacific | China, India, Japan, Australia, Rest of Asia-Pacific |
| Market leaders and key company profiles |
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Asia Pacific Bacon Market Country and Regional Insights
