US Bacon Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.61 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Bacon Market Analysis
The United States bacon market is projected to register a CAGR of 3.61% during the forecast period, 2020-2025.
- The bacon market in the country is majorly driven by the incresaed consumer inclination towards out of home consumption, who are actively seeking for meat-based breakfast options, including bacon, over other breakfast options, such as pancakes, due to the changing palates and willingness to try new products. Fast-food chains, such as Burger King, Carl's Jr., and McDonald's, have introduced more bacon options in different flavor profiles to their food menus, in order to improve consumer satisfaction, thereby, boosting market sales in the country.
- Patrick Cudahy brand of The Kraft Heinz Company introduced all-natural uncured black forest thick-cut bacon, which is a new, premium addition to its line of smoked meats with a focus on the new generation of food enthusiasts. These products are natural and gluten-free with no added nitrates and no artificial ingredients.
- Companies are also investing in R&D facilities to develop products according to various preferences of consumers, such as non-GMO, gluten free, no sugar, etc., to achieve a competitive advantage in the market.
- Thus, sustainable competitive advantage through innovation is the main criteria for the growth of the market share of major players in the country.
US Bacon Market Trends
This section covers the major market trends shaping the US Bacon Market according to our research experts:
Increasing Preference for Bacon in Breakfast Options
A significant portion of the population in the United States consumes bacon in breakfast, paving the way for more foodservice outlets to introduce bacon-based breakfasts. The consumers have also started opting for breakfast from foodservice outlets, such as quick-service restaurants (QSRs) to eat on-the-go. This factor paves the way for the outlets to include more bacon-based breakfast options. Fast-food chains, such as Burger King, Carl's Jr., and McDonald's, have introduced more bacon options in different flavor profiles to their food menus, in order to cater to consumers' demand. Thus, the increasing demand for breakfast food involving bacon in countries, like the United States, as well as the emergence of foodservice channels offering a wide range of meat-based breakfast options, including bacon and ham, are the factors that are expected to enable the market studied to witness a rapid growth during the forecast period.
Rapid Growth of the Foodservice Industry
The foodservice market is primarily driven by the increasing frequency of dining out (amidst time-pressed schedules) and the growing influence of cross-cultural dietary patterns (due to the strong presence of international companies). Quick-service restaurants are considered as fast-food outlets and they are popular in the United States. It was estimated that there were 194,723 quick-service restaurant franchise establishments in 2018. The ease of food consumption in these restaurants has lead people in the United States to spend in these restaurants. This factor is driving the country's foodservice market. Thus the growth of the foodservice industry and consumer's strong prefernce for bacon is yet another factor driving the market studied in the country.
US Bacon Industry Overview
The United States bacon market is highly fragmented and comprises of regional and international competitors. The market is dominated by players, like Hormel Foods Corporation, Tyson Foods Inc., The Kraft Heinz Company, WH Group Limited, etc. The country also has a presence of regional players, such as Fresh Mark Inc., Sugar Creek Packing Co., John F. Martin & Sons, LLC., etc. Major players are focusing extensively on providing consumers with innovative and exotic flavors while including additional benefits in each of the products.
US Bacon Market Leaders
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Hormel Foods Corporation
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Tyson Foods Inc
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The Kraft Heinz Company
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Seaboard Corporation
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WH Group Limited
*Disclaimer: Major Players sorted in no particular order
US Bacon Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters 5 Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Standard Bacon
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5.1.2 Ready-to-eat Bacon
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5.2 By Distribution Channel
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5.2.1 Food Service Channel
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5.2.2 Retail Channel
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5.2.2.1 Supermarket/Hypermarket
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5.2.2.2 Specialty Stores
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5.2.2.3 Online Stores
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5.2.2.4 Other Distribution Channels
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Hormel Foods Corporation
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6.4.2 WH Group Limited
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6.4.3 Maple Leaf Foods INC
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6.4.4 Tyson Foods Inc.
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6.4.5 The Kraft Heinz Company
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6.4.6 Seaboard Corporation
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6.4.7 Hills Meat Company
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6.4.8 Fresh Mark Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. DISCLAIMER
US Bacon Industry Segmentation
The United States bacon market is segmented by type into standard bacon and ready-to-eat bacon. Based on the distribution channel, the market studied segmented into foodservice channels and retail. . Retail channels are further classified into supermarkets/hypermarkets, specialty stores, online stores, and other retail channels. The report contains top-line revenue and detailed qualitative analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.
| By Product Type | |
| Standard Bacon | |
| Ready-to-eat Bacon |
| By Distribution Channel | ||||||
| Food Service Channel | ||||||
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US Bacon Market Research FAQs
What is the current United States Bacon Market size?
The United States Bacon Market is projected to register a CAGR of 3.61% during the forecast period (2024-2029)
Who are the key players in United States Bacon Market?
Hormel Foods Corporation, Tyson Foods Inc, The Kraft Heinz Company , Seaboard Corporation and WH Group Limited are the major companies operating in the United States Bacon Market.
What years does this United States Bacon Market cover?
The report covers the United States Bacon Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Bacon Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Bacon Industry Report
Statistics for the 2024 US Bacon market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. US Bacon analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
