Global Bacon Market Expected to Reach USD 95.9 Billion by 2033 - IMARC Group

Global Bacon Market Statistics, Outlook and Regional Analysis 2025-2033

The global bacon market size was valued at USD 73.2 Billion in 2024, and it is expected to reach USD 95.9 Billion by 2033, exhibiting a growth rate (CAGR) of 3% from 2025 to 2033.

The global bacon market is experiencing significant growth, primarily driven by the rising demand for convenient food products. For instance, according to IMARC, the global convenience food market size reached USD 511.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 810.2 Billion by 2033, exhibiting a growth rate (CAGR) of 5.25% during 2025-2033. Consumers' increasingly hectic lifestyles and the need for quick meal solutions have led to a surge in the popularity of ready-to-eat (RTE) and ready-to-cook (RTC) foods, with bacon being a prominent choice. 

Moreover, manufacturers are continually introducing new bacon products to cater to diverse consumer tastes and dietary needs. Innovations include low-calorie, gluten-free, and flavored bacon options, which attract a broader consumer base and stimulate market growth. For instance, in April 2024, Godshall's, a third-generation family business that manufactures smoked meats, introduced fresh Smoked Beef Bacon to Costco stores in Washington state. Godshall's Beef Bacon is hickory and applewood-smoked and prepared from beef from the United States. It is Halal, gluten-free, low in calories, high in protein, and contains 0 carbohydrates per serving. Godshall's Smoked Beef Bacon cooks like conventional bacon and can be fried, baked, or air fried. Its adaptability allows consumers to utilize it in a variety of cuisines, including breakfast, lunch, and dinner. Besides this, restaurants and foodservice outlets are increasingly incorporating bacon into their menus, offering a variety of bacon-infused dishes. This trend enhances the appeal of their offerings and drives bacon consumption. For instance, in January 2024, Wendy’s introduced a new breakfast burrito, a convenient and satisfying breakfast choice tailored for hectic mornings, featuring bacon as a key ingredient. The new Breakfast Burrito combines all of Wendy's favorite breakfast options. It comes with two fresh cracked eggs and six pieces of oven-baked, applewood-smoked bacon.

Global Bacon Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America currently dominates the global market.

North America Bacon Market Trends:

Restaurants and foodservice outlets are incorporating bacon into a variety of dishes, including breakfast sandwiches, pizzas, and hamburgers, enhancing menu appeal and driving consumption. For instance, in April 2024, Applebee's, a restaurant chain in the United States, launched its newest handcrafted burger. This is exhibiting a clear dominance in the market.

Europe Bacon Market Trends:

Pork remains one of the most consumed red meats in Europe, with products like bacon being particularly popular. The growing demand for processed meat products, supported by rising pork consumption in countries, such as the United Kingdom, Italy, and Germany, is fueling the bacon market. For instance, the European Union is expected to remain the top exporter of red meat, including bacon, with shipments increasing by 11% annually.

Asia Pacific Bacon Market Trends:

Urbanization and exposure to Western cultures have led to a shift in dietary preferences across the Asia Pacific region. This change has increased the consumption of Western-style foods, including bacon, as consumers explore diverse culinary experiences. For instance, the rising popularity of Western fast-food chains in countries like China and Japan has introduced bacon into mainstream diets.

Latin America Bacon Market Trends:

Economic growth in countries such as Brazil and Mexico have increased disposable incomes, enabling consumers to spend more on premium and processed meat products, including bacon.

Middle East and Africa Bacon Market Trends:

The expansion of supermarkets and hypermarkets across the MEA region has improved the accessibility and availability of bacon products. In South Africa, major retail chains have increased their offerings of processed meat products, including bacon, to meet consumer demand.

Top Companies Leading in the Bacon Industry

Some of the leading bacon market companies include Foster Farms, Fresh Mark Inc., Great British Meat Company, Hormel Foods Corporation, Karro Foods Group Limited, Maple Leaf Foods Inc., OSI Group, Seaboard Corporation, Smithfield Foods Inc. (WH Group Limited), The Kraft Heinz Company, True Story Foods, and Tyson Foods Inc., among many others. For instance, in March 2020, Foster Farms unveiled a new innovation for pizza lovers. The California-based company unveiled their new smart crust frozen pizza, which has a novel crust consisting of chicken breast, egg whites, and cheese instead of typical flour. The pizza comes in three varieties, namely four cheese, uncured pepperoni, and uncured bacon club.

Global Bacon Market Segmentation Coverage

• On the basis of the type, the market has been bifurcated into dry cured, immersion cured, pumped bacon, and others. Dry cured bacon involves rubbing the meat with a mixture of salt, sugar, and sometimes spices. The curing mixture draws moisture out of the meat, preserving it. Moreover, immersion cured bacon cures the meat by soaking it in a brine solution, which may contain salt, sugar, nitrites, and flavorings. Furthermore, pumped bacon involves injecting the meat with a curing solution using needles, ensuring even distribution of the brine throughout the product.
• Based on the product type, the market is categorized into standard bacon and ready-to-eat bacon, amongst which standard bacon accounts for the majority of the total market share. This is primarily driven by its long-standing place in traditional meal preparations, particularly as a staple on breakfast menus.
• On the basis of the source, the market has been divided into pork, beef, turkey, and chicken. Pork bacon remains the most popular type of bacon, driven by its strong association with traditional breakfast dishes and its rich, indulgent flavor. Moreover, beef bacon appeals to consumers seeking alternatives to pork for religious, dietary, or taste preference reasons, particularly in Muslim and Jewish communities where pork is not permitted. Besides this, turkey bacon attracts health-conscious consumers looking for a lower-calorie, lower-fat alternative to traditional pork bacon.
• Based on the nature, the market is bifurcated into organic and conventional. The demand for organic bacon is driven by a growing consumer preference for natural and sustainably produced foods. Moreover, conventional bacon continues to acquire the prominent share due to its affordability, wide availability, and strong association with traditional meals.
• On the basis of the distribution channel, the market is segmented into institutional sales (HoReCa), supermarkets and hypermarkets, independent retailers, specialist retailers, and others. Bacon demand in the HoReCa sector is driven by its versatility as a key ingredient in a wide range of menu offerings, from breakfast dishes and burgers to gourmet appetizers and salads. Moreover, supermarkets and hypermarkets drive bacon demand by catering to a broad customer base with varied preferences. Besides this, independent retailers cater to local communities and niche markets, driving bacon demand through personalized service, locally sourced options, and specialized offerings such as artisanal or small-batch bacon products.