DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Bacon Market - Growth, Trends and Forecasts (2016 - 2021)" report to their offering.
The global market for bacon is fragmented, and the vendors compete for innovation, pricing and distribution. The introduction of new products, like turkey bacon and the Canadian bacon, is the main strategy adopted by major companies, to increase their market share. Market expansion in developing countries has created many opportunities for the manufacturers. Technological advancements have made the meat processing very easy and cheap.
The increasing demand for animal protein, coupled with the innovations in meat processing technology and change in consumer preferences, are driving the growth of the bacon market. Bacon has a large amount of sodium that increases the risk of heart disease and high blood pressure. Therefore, health concerns restrain the growth of this market. Increasing vegan trends and the rising cost of feed raw materials are the other restraints of the market. New product launches, like the turkey bacon and rising demand in developing countries, are considered as opportunities for this market.
The bacon market has been geographically segmented into North America, Europe, South America, Africa and Asia-Pacific. North America dominates the market, followed by Europe. The United States is a major market in the North America region. About 62% of restaurants in the U.S. have bacon on their menu, which accounts for nearly half of the breakfast meat servings â volume. In the Asia-Pacific region, China is a major market, being the world's largest consumer of pork, by volume.
Some of the major players in the market include:
- Smithfield Foods Inc.
- BRF S.A.
- Oscar Mayer
- Shuanghui International
- Hormel Foods Corp.
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/s2ks5q/global_bacon