Market Size of Europe Bacon Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.56 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Bacon Market Analysis
The Europe bacon market is projected to register a CAGR of 2.56% during the forecast period, 2020-2025.
- Surveys indicate that the smell of frying bacon is one of the favorite scents in the European countries like United Kingdom, along with cut grass and fresh bread. Bacon is a repository of childhood memories and not just a food; it is a totem of home to many consumers in the United Kingdom. The choice of the crispy fat of streaky or the leanness of back and between smoked or unsmoked varies from person to person. Danish pork is also among the favorites of the locals.
- The retail sector primarily supermarket and hypermarets held the highest arket share in the distribution of bacon across the region. The private labelled brands in the retail sectors offer bacon at a compettive price and wide range of branded bacon in aisle, which has actively capturerd consumer attention and has significantly influenced their purchasing behaviour.
Europe Bacon Industry Segmentation
The European 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 further analyses the regional scenario of the market, which includes detail analysis on Spain, Germany, United Kingdom, France, Italy, Russia, and Rest of Europe.
By Product Type | |
Standard Bacon | |
Ready-to-eat Bacon |
By Distribution Channel | ||||||
Food Service Channel | ||||||
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By Geography | |
Spain | |
Germany | |
United Kingdom | |
France | |
Italy | |
Russia | |
Rest of Europe |
Europe Bacon Market Size Summary
The European bacon market is characterized by a diverse consumer preference and a strong cultural significance, particularly in countries like the United Kingdom, where bacon is more than just a food item; it embodies nostalgia and a sense of home. The market is primarily driven by the retail sector, with supermarkets and hypermarkets holding a significant share due to their competitive pricing and extensive range of branded bacon products. The demand for pork, especially cured and preserved products like bacon, is on the rise, supported by a growing per capita consumption across various European nations such as the United Kingdom, Italy, and Germany. This trend is further bolstered by the European Union's position as a leading exporter of red meat, including bacon, and the positive impact of tariff reductions from new free trade agreements.
The European bacon market is highly fragmented, featuring both regional and international competitors like JBS SA, OSI Group, Maple Leaf Foods INC, and WH Group Limited. These companies strive to differentiate their offerings through various factors such as product variety, ingredient quality, pricing, and marketing strategies. The market's competitive landscape is marked by significant investments in research and development to maintain and enhance market positions. In France, for instance, bacon varieties such as Lardons and Alsatian Country Style Bacon are popular, with local supermarkets and delis catering to specific regional tastes. This regional diversity in bacon preferences underscores the market's complexity and the need for tailored marketing approaches by key players.
Europe Bacon Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters 5 Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Standard Bacon
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2.1.2 Ready-to-eat Bacon
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2.2 By Distribution Channel
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2.2.1 Food Service Channel
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2.2.2 Retail Channel
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2.2.2.1 Supermarket/Hypermarket
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2.2.2.2 Specialty Stores
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2.2.2.3 Online Stores
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2.2.2.4 Other Distribution Channels
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2.3 By Geography
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2.3.1 Spain
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2.3.2 Germany
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2.3.3 United Kingdom
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2.3.4 France
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Bacon Market Size FAQs
What is the current Europe Bacon Market size?
The Europe Bacon Market is projected to register a CAGR of 2.56% during the forecast period (2024-2029)
Who are the key players in Europe Bacon Market?
Finnebrogue Artisan, Stirchley Bacon, WH Group Limited , Maple Leaf Foods INC, JBS SA and LT Brookes Ltd are the major companies operating in the Europe Bacon Market.