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

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

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.

Smoked bacon and ham is a fatty portion of a pig’s back/belly cut to preserve meat by adding flavors and roasting the pieces to serve a smoky aroma and texture. It is a smoked or ready-to-eat pork meat product that is served in a restaurant or heavily available in the retail sectors worldwide. These are available in cuts or as sliced meats that are vacuum-packed and are available in hypermarkets/supermarkets, food services sector, and other retail channels. These pork meats are available in two variants, including smoked bacon and smoked ham. Curing involves aging, drying, smoking, and processing the meat using chemical additives to draw moisture and provide a longer shelflife to the products. Uncured meat is preserved with the help of natural ingredients such as salt and celery powder.

The increasing interest of consumers over innovative and flavored meats is playing a significant role in the rising popularity of smoked bacon and ham in developing economies such as India, Philippines, and others. Furthermore, consumers' daily schedules have become hectic over the years, necessitating a lifestyle change to tackle the daily chores. Consumers' hectic schedules are compelling them to adopt the consumption of processed meals to save time. On the other hand, smoked bacon and ham manufacturers are developing high-quality products that are grabbing customers' attention. People have become more aware of the concerns associated with consuming chemically processed meat products in recent years, as they may be a source of nitrates and nitrites. As a response, firms have produced nitrates-free bacon and ham, which encourages people to enjoy meat products in the market.

The nutritional offerings of pork and pork meat products such as smoked ham and bacon are few of the major factors retaining consumers in the market. The consumers are looking for taste, texture, innovation along with the nutritional intake in the food. Protein is a source of amino acids, and an appropriate protein diet is essential for sustaining the health and growth of the muscles in the body. Animal proteins are complete proteins, as they include all necessary amino acids in a balanced diet. Animal protein has been related to nutritional advantages, such as decreasing the risk of type 2 diabetes, lowering the risk of heart disease and maintaining body weight. Thus, smoked bacon and ham are enticing consumers by offering them the taste and nutritional benefits. According to the Food and Agriculture Organization (FAO), in 2020, the global animal protein consumption was around 334.5 million tons, and in 2019, the consumption was around 334 million tons.

The global smoked bacon and ham market is segmented into type, distribution channel, and region. On the basis of type, the market 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).

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

The report provides a quantitative analysis of the smoked bacon and ham market trends, estimations, and dynamics of the smoked bacon and ham market size from 2020 to 2030 to identify the prevailing opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis, the market size, and segmentation assist to determine the prevailing smoked bacon and ham market opportunities.

The major countries in each region are mapped according to their revenue contribution to the smoked bacon and ham market.

The market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the smoked bacon and ham industry.

Key Market Segments


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

Smithfield Foods, Inc.
Tyson Foods, Inc.
Hormel Foods Corporation
Pestells Rai Bacon Company
Cornish Farmhouse Bacon Co Ltd
Boks Bacon
Holly Bacon
Sunnyvalley Smoked Meats
JBS USA
Hill Meat Company