Press release
Fish Sauce Market Price Trends, Size, Share, Business Opportunity and Forecast 2022-2027: IMARC Group
Fish Sauce Market
IMARC Group's latest report, titled "Fish Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global fish sauce market reached a value of US$ 15.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.93 Billion by 2027, exhibiting a CAGR of 3.40% during 2022-2027.
Fish sauce is an amber-colored liquid derived from the fermentation of salt-coated fish. It is utilized as a condiment in various cuisines and is an essential ingredient in Thai cooking. It is made in factories and contains a blend of sweeteners, preservatives, fish essence, coloring, and flavoring. As it is a good source of nitrogen, it is nutritious and beneficial to health. It is an essential cooking ingredient in South and East Asia. Besides, traditional fish sauce is preferred by most people in Asian countries due to its high nutrition. People around the world consume it because of the associated health benefits.
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Fish Sauce Market Demand and Growth :
The global market is majorly driven by increasing consumers' inclination towards seasonings to enhance the flavor of traditional dishes. In line with this, the rising popularity of fish sauce due to its unique flavor and taste is significantly contributing to the market growth. Furthermore, growing awareness regarding the health benefits of fish sauces is positively influencing the market growth. Apart from this, market players are planning the launch of new traditional fish sauces in salt-free and preservative-free variants. With the rising Prevalence of high blood pressure, diabetes, and various disease, consumers prefer to buy clean-label and traditional fish sauce, which is expected to force the manufacturers to launch a healthier version of fish sauces.
Moreover, ongoing research regarding the production of fortified fish sauce is creating a positive outlook for the market. Besides, significant growth in the retail industry offering a wide range of products and attractive discounts are expected to positively leverage the product's sales. Additionally, escalating demand for the product from the HoReCa sector is providing a boost to market growth.
Who are the Market Leader in Fish Sauce Market ? :
• Halcyon Proteins Pty Ltd
• Masan Group
• Pichai Fish Sauce Co. Ltd
• Rayong Fish Sauce Industry Co. Ltd
• Red Boat Fish Sauce
• Rungroj Fish Sauce Co. Ltd
• Teo Tak Seng Fish Sauce Factory Co. Ltd
• Thai Fishsauce Factory (Squid Brand) Co. Ltd
• Thaipreeda Group
• Unilever plc
Why is fish Sauce so Popular ? :
The earthy, savory flavor field that makes things like mushrooms, roasted tomatoes, and soy sauce taste so complex and crave-able. There's a distinct, pungent fishiness to the sauce, sure, but that flavor is flanked by a salty, briny, caramel-y sweetness.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/fish-sauce-market
Key Market Segmentation:
Breakup by Type:
• Korean Fish Sauce
• Japanese Fish Sauce
• Southeast Asian Fish Sauce
• Western Fish Sauce
• Others
Breakup by Composition:
• Basic
• Premium
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others
Breakup by Industry Vertical:
• Food and Beverages
• Household
• Hotels and Restaurants
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Related Report By IMARC Group:
• https://www.einpresswire.com/article/602996221/india-mushroom-market-to-grow-at-cagr-of-7-6-during-2023-2028
• https://www.einpresswire.com/article/603003086/india-drones-market-to-grow-at-cagr-of-10-23-during-2023-2028
• https://www.einpresswire.com/article/603005986/india-extended-warranty-market-to-grow-at-cagr-of-11-65-during-2023-2028
• https://www.einpresswire.com/article/615004899/food-and-beverages-f-b-coding-and-marking-equipment-market-size-share-demand-2023-2028
• https://www.einpresswire.com/article/614993429/iot-device-management-market-to-grow-at-26-7-cagr-by-2023-2028-imarc-group
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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