"Our results strongly suggest that people who eat red and processed meat four or more times a week have a higher risk of developing bowel cancer than those who eat red and processed meat less than twice a week", Tim Key, who co-authored the study and is deputy director at the University of Oxford's cancer epidemiology unit, said in a press release.
In a linked study past year, it was discovered eating bacon and sausages could increase breast cancer risk by as much as 9%.
"The consumption of red and processed meat seems to be decreasing, but there are products that aren't so it's about awareness and giving people tips and tricks to help them cut down".
The study, which was conducted over a period of six years, analysed data from nearly half a million people involved in the UK.
For those who only ate processed meat, the bowel cancer risk was 19 per cent higher if there was an average consumption of 29 grams per day - equivalent to one rasher of bacon or a slice of ham - compared with those who had an average of five grams per day. In October 2015, a World Health Organisation report classified processed meat as carcinogenic to humans however this classification was largely criticised by the meat industry.
The head of health information at Cancer Research UK, Julie Sharp, said the study should serve as a reminder that you can always improve your health beyond simply following government guidelines.
Every 50 grams of unprocessed red meat - a lamb chop or thick slice of roast beef - was linked to a similar increase in risk.
"Most of the earlier researches looked at individuals in the 1990s or earlier, and since then, diets have significantly changed, therefore, our research provides an insight that is more up-to-date and applicable to today's meat consumption", explained Key.
New Zealand Eating and Activity Guidelines for cooked red meat: less than 500g per week (which works out at 71.4g on average per day); limit your intake of processed meats, such as luncheon, salami, ham, bacon and sausage.
People who eat 76 grams of processed meat a day gives them a 20 percent higher risk of getting bowel cancer than those who eat only 21 grams, according to findings published Wednesday in the International Journal of Epidemiology.
For instance, she suggested meat-free Mondays, and trying more recipes using filling ingredients such as fish, beans, and lentils.
Around 42,000 people are diagnosed with bowel cancer in the United Kingdom each year and 16,000 die from it.
Bowel cancer is one of the most common types of cancer diagnosed in Britain.