Asia Pacific Bacon Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Nature, Source, Type, Distribution Channel, and Country

Pumped Bacon Segment to Dominate APAC Bacon Market during 2019-2027

According to a new market research study on “APAC Bacon Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Nature, Source, Type, and Distribution Channel” is expected to reach US$9281.1 million by 2027 from US$6468.6 million in 2019. The market is estimated to grow at a CAGR of 4.6% from 2020 to 2027. The report provides trends prevailing in the APAC Bacon market along with the drivers and restraints pertaining to the market growth. Growing preference for convenience food products are the major factor driving the growth of the APAC Bacon market. However, issues associated with the health of the consumers due to rising number of lifestyle and chronic diseases hinder the growth of APAC Bacon market.

The market for APAC Bacon market is segmented into nature, source, type, distribution channel and country. Based on nature, the market is segmented into organic, and conventional. In 2019, the conventional segment held the largest share APAC Bacon market. Based on source the Bacon market is divided into pork, beef, turkey, and chicken. Pork is expected to the fastest growing segment over the forecast period. On the basis of type the market is segmented into dry cured, immersion cured, and pumped bacon. The pumped bacon segment accounts for largest market share in the 2019. Similarly, based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, independent retailers, food service and others. The supermarkets and hypermarkets segment contributed a substantial share in 2019.

APAC is characterized by numerous developing economies backed by the high industrial presence, a large population, and increasing disposable income, which majorly drives the linear accelerator market's growth. However, the outbreak of COVID-19 and lockdown imposed by the governments across APAC is anticipated to have a massive disruption in various industries' development across APAC. Although China is the leading hub of manufacturing and the largest raw material supplier for multiple industries, it is one of the worst affected countries due to the outbreak of COVID-19. The governments across APAC are taking measures like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for the coming months.

OSI Group, JBS S.A, Hormel Foods Corporation, Farmland Industries, Inc., and Applegate Farms LLC are among the leading companies in the APAC Bacon market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Hormel Foods Corporation announced today that it is making a commitment to provide the opportunity of a college education to the dependent children of its inspired team members.

The Report Segments the APAC Bacon market as Follows:

APAC Bacon Market - By Nature

• Organic
• Conventional

APAC Bacon Market - By Source

• Pork
• Beef
• Turkey
• Chicken

APAC Bacon Market - By Type

• Dry Cured
• Immersion Cured
• Pumped Bacon

APAC Bacon Market - By Distribution Channel

• Supermarkets and Hypermarkets
• Independent Retailers
• Food Service
• Others

APAC Bacon Market - By Country

• China
• Australia
• Japan
• South Korea
• Rest of APAC

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Bacon market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the APAC Bacon market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Bacon market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.