Global Fish Sauce Market, By Product Type (Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce, Others), Composition (Basic, Premium), Application (Domestic Use, Restaurants, Food Industries), Distribution Channel (Supermarket and Hypermarket, Convenience Stores, Specialty Stores, Online Retailers), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Fish sauce market is expected to grow at a compound annual rate of 3.34% in the forecast period 2021 to 2028. The increasing awareness regarding healthy food is the factor for the fish sauce market in the forecast period of 2021 to 2028.
Fish sauce is usually smelly brown liquid that is made from the fermented fish and salt that are very significant flavoring factor in Thai cooking. It is used as a condiment in various cuisines. Also the fish sauces are manufactured in industries and are amalgamation of fish essence, preservatives, coloring, flavoring and sweeteners.
The major growing factor towards fish sauce market is the rapidly growing demand for fish sauces to enhance taste and flavor of cuisines. The prime factor driving the demand for fish sauce is the growing adoption of high nutritional food in regular diet. Furthermore, the increasing use of fish sauce as dipping sauce for a variety of dishes and increasing popularity of Asian cuisines and growing number of food restaurants across the globe are also heightening the overall demand for fish sauce market over the forecast period of 2021 to 2028. Moreover, the growing awareness regarding the various health benefits of fish sauce also serves as a foremost driver for increasing the demand for fish sauce market at a global level. In addition, the high disposable income, increasing cases of thyroid related problems well as the increase in demand for fortified fish sauce are also lifting the growth of the fish sauce market.
However, the various adverse health effects caused by the presence of harmful artificial preservatives in fish sauce as well as the lack of nutritional content in the chemically fermented fish sauce are projected to act as a restraint towards the growth of fish sauce market, whereas the easy availability of many alternatives to fish sauce and growing health concerns related to added preservatives have the potential to challenge the growth of the fish sauce market.
Moreover, the rising urbanization as well as easy availability of fish sauce made by traditional process using natural preservatives will further generate new opportunities for the fish sauce market in the forecast period of 2021 to 2028.
This fish sauce market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fish sauce market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fish Sauce Market Scope and Market Size
Fish sauce market is segmented on the basis of product type, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the fish sauce market has been segmented into Korean fish sauce, Japanese fish sauce, Southeast Asian fish sauce, western fish sauce and others.
- Based on application, the fish sauce market has been segmented into domestic use, restaurants and food industries.
- The distribution channel segment of the fish sauce market has been segmented into supermarket and hypermarket, convenience stores, specialty stores and online retailers.
Fish Sauce Market Country Level Analysis
Fish sauce market is analyses and market size, volume information is provided by country, product type, application and distribution channel as referenced above.
The countries covered in the fish sauce market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the fish sauce market because of the increasing consumer preference as well as the high product demand from restaurants and food service industry in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the increasing product popularity in most of the cuisines in countries such as China and Japan along with the rising disposable income levels and rapid urbanization within this region.
The country section of the fish sauce market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fish Sauce Market Share Analysis
Fish sauce market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fish sauce market.
The major players covered in the fish sauce market report are TANG SANG HAH CO., LTD., THAIPREEDA GROUP, Teo Tak Seng Fish Sauce Factory Co., Ltd., VIET PhuNhi, Thai Fishsauce Factory (Squid Brand) Co., Ltd, Marine Resources Development Co., Ltd., Rungroj Fish sauce Co., Ltd., Viet Phu Inc., Unilever Food Solutions, Masan Group., Pichai Fish Sauce Co. Ltd., RAYONG FISH SAUCE INDUSTRY CO., LTD., Hung Thanh Co. LTD., and Halcyon Proteins Pty. Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available : Global Fish Sauce Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.