Fish Sauce Market 2017 Segmentation with Key Players, Growth Rate and Forecast 2025

" Fish Sauce Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" is the latest addition to MarketResearchReports.Biz industry research reports collection.

The main objective of this report is to define, describe, and forecast the global “Fish Sauce” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Fish Sauce Market: Introduction

The demand for different sauces varies based on country and geographical region. Fish sauce is a smelly brown liquid made from fermented fish and salt which is very important flavoring ingredient in Thai cooking. It is used as a condiment in different cuisines. Fish sauces which are manufactured in industries are a combination of the fish essence, flavoring, preservatives, coloring, and sweeteners. It is a staple ingredient in various cultures in coastal regions of East Asia, Southeast Asia, and others. Fish sauce has high consumption in Vietnam. People in Vietnam believe that traditionally made fish sauces are more nutritious and beneficial for health as it contains higher level of nitrogen. Nowadays people are more health conscious, so they prefer traditional fish sauce more. Fish sauce is used as soy sauce in Chinese cooking and as salt in western cooking. It is prepared in many different ways in each country for fish, pork, shrimp, and chicken. It is used as an ingredient for casseroles and soups in parts of Southern China. Fish sauce is also used as a base for a dipping condiment and added to dishes during the cooking process.

Fish Sauce Market: Dynamics

Seasoning has become an essential item on the dining table in many cultures around the world. Among all the other seasonings, fish sauce is expected to have high consumption over the years. The increasing demand for seasoning is the key factor driving the growth of fish sauce market. A series of food scandals happened in the past like in 2007, some local producers of fish sauce were found guilty of adding toxic chemicals and urea to raise the protein content in it. So, as per the recent trend, the traditional products are dominated by industrially produced products and consumers are more willing to pay for quality and safety and therefore shifted towards premium branded fish sauce products which can be the major factor towards the growth of fish sauce market. Another factor towards the growth of fish sauce market is the increase in product offerings by the manufacturers by offering new products in different bottle sizes and varying prices to appeal to a wider customer base. In addition, consumers increase usage of fish sauce not only as a dipping agent but also as a seasoning ingredient in cooking and also consumers eating non-vegetarian food are increasing day by day due to its high nutrition content. This will increase the consumer demand towards the growth of fish sauce market. However, availability of many substitutes to fish sauce, health concerns related to added preservatives along with the increasing popularity of vegan foods hinders the growth of fish sauce market.

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Fish Sauce Market: Segmentation

The fish sauce market has been segmented by the product type, price, application type, distribution channel, and region. On the basis of product type, the fish sauce market can be segmented into Korean fish sauce, Japanese fish sauce, Southeast Asian fish sauce, Western fish sauce and others. With regard to the price, the fish sauce market is segmented into basic and premium. On the basis of application type, the fish sauce market is classified as food industries, domestic use, restaurants and others. On the basis of a distribution channel, the fish sauce market can be segmented into direct sales and indirect sales. The indirect sales market can be further sub-segmented into the specialty stores, wholesalers, hypermarket, supermarket, convenience stores, online retailers and others. On the basis of region, the fish sauce market can be segmented into North America, Latin America, Europe, Asia Pacific and the Middle East and Africa.

Fish Sauce Market: Regional Outlook

On the basis of the regional outlook, the global fish sauce market has been geographically segmented into North America, Europe, Latin America, Africa, and Asia-Pacific. Asia Pacific dominates the market due to increase in disposable income and urbanization. Vietnam, Indonesia, Japan, China, and the Philippines are the major markets in this region. In North America, U.S. has the major market for fish sauce. In Europe, due to increase in demand for functional foods and dietary supplements, fish sauce market is expected to grow in the near future.

Fish Sauce Market: Key Player:

Some of the major players operating in fish sauce market include Tang Sang Ha Company Limited, Thaipreeda Group, TeoTak Sauce Factory Co., Ltd, Viet Phu, Inc, 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. and Halcyon Proteins.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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