Fish sauce is a sauce that is usually made from salt- cured fish or fermented liquid. They are usually used as cuisines in SouthEast and East Asia like Indonesia, Burmese, Thai, Lao, and Malaysia. They are usually the combination of fish preservatives, essence, coloring, flavoring and sweeteners. They are also used as condiments in different cuisines. These fish sauces are also used as seasoning, and are also used as a base in dipping sauces. Fish sauces have been made from a variety of fish and shellfish species and from using the whole fish or using only fish blood and viscera. Today, many new fishes sauce consist of fish & salt and are usually made from mackerel, shrimp, anchovy, among others.
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The global fish sauce market is segmented on the basis of type as traditional fish sauce, & industrial fish sauce and application is segmented as house appliances & food service industry.
Some of the launches and acquisition are:
“According to Data Bridge Market Research, Global Fish Sauces Market is set to witness healthy CAGR in the forecast period of 2019- 2026”
Few of the major competitors currently working in the fish sauce market are Tang Sang Hah Co.,Ltd., Thaipreeda Group, Teo Tak Seng Fish Sauce Factory Co., Ltd., VIET PHU FOODS & FISH CORPORATION , Thai Fish Sauce Factory (Squid Brand) Co., Ltd, Fish Marine Resources Development Co., Ltd., Rungroj Fish Sauce Co., Ltd., Pichai Fish Sauce Co. Ltd., RAYONG FISH SAUCE INDUSTRY CO., LTD., Halcyon Proteins, among others.
Fish sauces are widely used in cooking different dishes such as grilled chicken, salad dressing, and pasta sauce. The increasing demand for the fortified fish sauce is driving the market growth. Manufacturers are also taking initiatives and are offering different types of fish sauces to the customers; this factor is also positively affecting the market growth. These sauces also have high nutritional content and are healthy as well which is another factor for the market growth. All the aforementioned drivers will create opportunities for this market.
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Global Fish Sauce Market – Industry Trends and Forecast to 2028