Fish Sauce Market Price, Top Companies and Industry Analysis 2023-2028

What is the Size of the Fish Sauce Market ? :

IMARC Group's latest report, titled "Fish Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global fish sauce market size reached US$ 15.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

Fish Sauce Uses:

Fish sauce is a popular condiment in many cuisines, particularly in Southeast Asia. It is made from fermented fish, typically anchovies, salt, and water. Fermentation creates a savory, umami-rich liquid with a distinct aroma and flavor. Fish sauce adds depth and complexity to dishes, enhancing their savory notes. It is commonly used as a seasoning in stir-fries, marinades, dipping sauces, and soups. Fish sauce balances flavors and contributes a unique umami taste to dishes. Its versatility and unique flavor profile have made it a staple ingredient worldwide in many traditional and modern recipes.

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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

What are the Growth Prospects and Trends in the Fish Sauce Industry ? :

The global market is majorly driven by the increasing interest of individuals in exploring diverse cuisines. In line with this, the rising popularity of Southeast Asian cuisine is significantly contributing to the demand for fish sauce as an essential component in traditional recipes. Furthermore, the growing number of people from Southeast Asian countries living outside their home countries is resulting in a higher demand for fish sauce in international markets, catering to the culinary preferences of these communities. Apart from this, the escalating awareness of Umami Flavor is catalyzing the market.

Moreover, the increasing health consciousness among consumers is strengthening product demand. Fish sauce is perceived as a healthier alternative to other condiments due to its natural fermentation process and lower sodium content than alternatives like soy sauce. Besides, the globalization of food trends has led to incorporating fish sauce into a wide range of international recipes, further driving its market expansion. Additionally, the expanding food service industry, including restaurants, street food stalls, and food delivery services, is boosting the demand for fish sauce as it is a staple ingredient in many cuisines served in these establishments.

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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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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