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Global Smoked Bacon and Ham Market Size, Share, Trends, Analysis, Forecast: By Type: Smoked Bacon, Smoked Ham; By Distribution Channel: Supermarket/Hypermarket, Convenience Stores, Food Services, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2023-2028
Global Smoked Bacon and Ham Market Outlook
The global smoked bacon and ham market size reached approximately USD 14.6 billion in 2022. The market is projected to grow at a CAGR of 5.7% between 2023 and 2028, driven by increasing demand for smoky flavour in food preparations and the growing food service sector globally.
Key Trends in the Market
Smoked bacon and ham are a type of meat that is produced through a special process involving curing and smoking. For bacon, the process begins with the pork belly (or back, or loin), while ham is crafted from the leg of a pig. The meats go through a curing stage, where a blend of salt, sugar, and sometimes spices is generously applied. After this curing phase, the meats enter the smoking stage.
- The increased popularity of food products with smoky and distinctive taste contributes to the demand for smoked bacon and ham. Additionally, the increasing trend of fusion food also favours the market expansion.
- The growing consumer base for healthy foods is one of the major factors for the increase in smoked bacon and ham market demand. Bacon and ham are filled with nutritional benefits that are necessary for a complete daily diet. Bacon and ham are great sources of protein and minerals such as zinc and iron. They are also high in B group vitamins which help in metabolism and brain function.
- The expansion of modern retail formats and the rapid development of e-commerce have notably transformed the accessibility and availability of smoked bacon and ham products, effectively driving the smoked bacon and ham market growth. With the convenience of online platforms and the proliferation of sophisticated brick-and-mortar retail establishments, consumers now find themselves with an unprecedented range of options when it comes to procuring these meat products.
- Ready-to-eat or ready-to-cook meals are increasingly being adopted by working professionals due to their hectic lifestyle and the longer shelf life of such products. This stands as one of the major smoked bacon and ham market trends. These foods require minimal to no additional heating as they are delivered with the necessary ingredients. Overall, they are extremely time efficient, cost-effective, and convenient.
Market Analysis
Based on type, the market is segmented into smoked bacon and smoked ham. The smoked bacon and ham market segmentation, based on distribution channels, includes supermarket/hypermarket, convenience stores, food services, and online, among others. The major regional markets for smoked bacon and ham are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smoked bacon and ham market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Hormel Foods Corporation
- Tyson Foods, Inc.
- Daily's Meats
- Smithfield Foods, Inc.
- Cornish Farmhouse Bacon Co.
- Hill Meat Company
- Benton's Smoky Mountain Country Hams
- Sikorski
- Boks Bacon (Huon Rise Pty Ltd)
- Pestell's Rai Bacon Company Limited
- Others
Market Share by Type
Smoked bacon is one of the most popular options for breakfast around the world, which, in turn, contributes to the overall growth of the smoked bacon and ham market share. Smoked bacon is a beloved meat product that is commonly enjoyed in many parts of the world. Its salty, smoky, and savoury flavour profile, along with its versatility in various dishes, has contributed to its popularity.
Market Share by Distribution Channel
According to the global smoked bacon and ham market analysis, there are multiple distribution channels for the products, however, online platforms are likely to show significant growth in the market. Selling smoked bacon and ham online allows the seller to reach a wider audience, including those who prefer the convenience of doorstep delivery. Online platforms also provide the chance to showcase product information, recipes, and customer reviews.
Competitive Landscape
Hormel Foods Corporation is one of the top food processing companies in the world and one of the Fortune 500 companies. The company primarily focuses on meat and food products such as fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon. The company was founded in 1891 and over the years, Hormel has grown and diversified its product portfolio to include a wide range of branded food products.
Tyson Foods, Inc. stands as a prominent American multinational enterprise deeply rooted in the food sector, with a primary focus on the manufacturing and widespread distribution of meat and poultry items. Its corporate headquarters are situated in Arkansas, United States of America. Originating back in 1935, the company has undergone remarkable expansion to secure a distinguished position as one of the leading processors and distributors of meat-related products.
Daily's Meats is a prominent company operating in the food industry, with a specialisation in providing high-quality meat products. The company focuses on providing a diverse range of meats to cater to various culinary preferences and demands. What distinguishes Daily's Meats is its thoughtful blend of traditional methods and modern techniques in processing and preparation.
Other smoked bacon and ham market players include Smithfield Foods, Inc., Cornish Farmhouse Bacon Co., Hill Meat Company, Benton's Smoky Mountain Country Hams, Sikorski, Boks Bacon (Huon Rise Pty Ltd), and Pestell's Rai Bacon Company Limited.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smoked Bacon and Ham Market Analysis
8.1 Key Industry Highlights
8.2 Global Smoked Bacon and Ham Historical Market (2018-2022)
8.3 Global Smoked Bacon and Ham Market Forecast (2023-2028)
8.4 Global Smoked Bacon and Ham Market by Type
8.4.1 Smoked Bacon
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Smoked Ham
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Smoked Bacon and Ham Market by Distribution Channel
8.5.1 Supermarket/Hypermarket
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Convenience Stores
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Food Services
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Online
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Smoked Bacon and Ham Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Smoked Bacon and Ham Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Smoked Bacon and Ham Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Smoked Bacon and Ham Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Smoked Bacon and Ham Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Smoked Bacon and Ham Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Hormel Foods Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Tyson Foods, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Daily's Meats
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Smithfield Foods, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cornish Farmhouse Bacon Co.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hill Meat Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Benton's Smoky Mountain Country Hams
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Sikorski
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Boks Bacon (Huon Rise Pty Ltd)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Pestell's Rai Bacon Company Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smoked Bacon and Ham Market: Key Industry Highlights, 2018 and 2028
2. Global Smoked Bacon and Ham Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Smoked Bacon and Ham Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Smoked Bacon and Ham Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Smoked Bacon and Ham Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Smoked Bacon and Ham Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Smoked Bacon and Ham Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Smoked Bacon and Ham Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Smoked Bacon and Ham Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Smoked Bacon and Ham Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Smoked Bacon and Ham Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Smoked Bacon and Ham Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Smoked Bacon and Ham Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Smoked Bacon and Ham Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Smoked Bacon and Ham Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Smoked Bacon and Ham Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Smoked Bacon and Ham Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Smoked Bacon and Ham Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 14.6 billion.
The market is projected to grow at a CAGR of 5.7% between 2023 and 2028.
The market is driven by the growing consumer base of nutritional and healthy foods and the rapid expansion of the e-commerce sector.
The crucial trends guiding the market growth include the rising popularity of ready-to-eat or ready-to-cook meals owing to the busy lifestyle of people, coupled with the increasing popularity of smoked meat products.
The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major distribution channels for the product are supermarket/hypermarket, convenience stores, food services, and online, among others.
The key players in the market are Hormel Foods Corporation, Tyson Foods, Inc., Daily's Meats, Smithfield Foods, Inc., Cornish Farmhouse Bacon Co., Hill Meat Company, Benton's Smoky Mountain Country Hams, Sikorski, Boks Bacon (Huon Rise Pty Ltd), and Pestell's Rai Bacon Company Limited, among others.
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