Fish Sauce Market Thrives: Record-breaking Market US$ 21.9 Billion 2029 and Consistent CAGR of 3.7 % On the Horizon.

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“Fish sauce, a staple condiment in various Southeast Asian cuisines, is experiencing a remarkable surge in demand and market growth. With an impressive market value and a steady Compound Annual Growth Rate CAGR of 3.7 %, the Fish Sauce Market is capturing the attention of consumers and industry experts alike.”

The Fish Sauce Market, a vital segment of the condiments industry, has been witnessing significant growth in recent years. Fish sauce, a pungent and flavorful condiment derived from fermented fish, holds a prominent position in the culinary traditions of Southeast Asian countries. With its unique umami taste and versatile application in various cuisines, fish sauce has garnered attention not only in its native regions but also among food enthusiasts around the globe.

The market for fish sauce has been driven by several factors, including the increasing popularity of Southeast Asian cuisine, globalization of food preferences, and growing consumer demand for authentic flavors. Fish sauce offers a distinct and complex taste that enhances the flavors of a wide range of dishes, making it a sought-after ingredient in both home cooking and professional kitchens.

  • NO OF PAGES:168
  • BASE YEAR: 2022

The report “Global Fish Sauce Market, By Product Type (Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce, and Others (Thai Fish Sauce and Vietnamese Fish Sauce)), By Application (Domestic Use, Restaurants, and Food Industries), By Distribution Channel (Supermarket And Hypermarket, Convenience Stores, Specialty Stores, and Online Retailers), and Region – Global Forecast to 2029”

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Key Market Insights from the report:    

The global fish sauce market accounted for US$ 15.8 Billion in 2020 and is projected to register a moderate CAGR of 3.7 % over the forecast period. The market report has been segmented on the basis of product type, application, distribution channel, and region.

  • By product type, the global fish sauce market is categorized into korean fish sauce, japanese fish sauce, southeast asian fish sauce, western fish sauce, and others. Others product type sub-segment is categorized into thai fish sauce, and vietnamese fish sauce.
  • By application, the global fish sauce market is bifurcated into domestic use, restaurants, and food industries
  • By distribution channel, the global fish sauce market is segmented into supermarket and hypermarket, convenience stores, specialty stores, and online retailers.
  • By region,Asia Pacific fish sauce market is accounted for major revenue share of the global fish sauce market and is further anticipated to maintain its dominance over the forecast period, owing to increasing consumption of fish sauce in countries such as China, Japan, and Vietnam of the region. North America fish sauce market is expected to account for a second-highest share in the market in terms of revenue over the forecast period, in 2018.

Key Highlights:

Growing Demand: The Fish Sauce Market is experiencing a substantial increase in demand worldwide. The unique umami flavor and versatility of fish sauce have captivated the palates of consumers, leading to a surge in its popularity.

Southeast Asian Culinary Influence: Fish sauce has deep roots in Southeast Asian cuisine, where it is a staple ingredient. The growing global appreciation for Asian flavors and the popularity of dishes such as Thai, Vietnamese, and Filipino cuisines have contributed to the expansion of the Fish Sauce Market.

The prominent player operating in the global fish sauce market includes:

  • Tang Sang Ha Company Limited
  • Thaipreeda Group
  • TeoTak Sauce Factory Co., Ltd
  • Viet Phu, Inc
  • Thai Fish Sauce Factory (Squid Brand) Co., Ltd
  • Nestlé S.A.
  • Thai Taste
  • Fish Marine Resources Development Co., Ltd.
  • Rungroj Fish Sauce Co., Ltd.

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Fish Sauce Market by Trend:

  • Health and Wellness Focus: Health-conscious consumers are seeking healthier options in their food choices. To cater to this demand, manufacturers are developing low-sodium and organic variants of fish sauce, providing consumers with options that align with their dietary preferences and wellness goals.
  • Premiumization and Artisanal Offerings: The Fish Sauce Market is witnessing a trend towards premium and artisanal fish sauce products. Consumers are willing to pay a premium for higher quality, traditionally crafted fish sauces made from carefully selected ingredients and fermentation techniques.
  • Sustainable and Ethical Sourcing: With increasing environmental awareness, consumers are showing a preference for sustainably sourced and responsibly produced food products. Fish sauce manufacturers are emphasizing sustainable fishing practices, ethical sourcing of ingredients, and eco-friendly packaging to meet these consumer expectations.

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Questions by Low Profile Additives Market:

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  7. What is the market size and growth forecast for different regions and countries?
  8. What is the impact of government regulations and policies on the market?

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