Pancetta is often called Italian bacon. Unlike American bacon which is often smoked, Pancetta is unsmoked pork belly that is cured in salt and spices such as nutmeg, fennel and pepper. Most recipes call for cooking pancetta whether using to flavor stews, sauces or salads. Since pancetta is salty, use care when seasoning a dish with salt.
You can keep pancetta tightly wrapped in the refrigerator three weeks or freeze for up to six weeks.