Press release
Fish Sauce Market Valued at US$ 17.00 Bn in 2022, Expected to Reach US$ 21.66 Bn by 2029
Fish Sauce Market
The report offers comprehensive insights into the Fish Sauce Market, including market values, growth drivers, restraints, and regional trends. The research methodology involves a thorough bottom-up approach, estimating market size, and identifying key players through both secondary and primary research. Industry experts, logistics providers, and key opinion leaders were interviewed for primary research, providing accurate and reliable data.
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What are Fish Sauce Market Dynamics?
Market Drivers:
The global fish sauce market is experiencing growth due to an increasing demand for organic food items without preservatives and a surge in coastal tourism. Coastal populations, accounting for 40% of the global population, represent a lucrative market for fish sauce, which adds savory umami taste to meals. Furthermore, the growing awareness of the health benefits of fish sauce, which contains vital nutrients and minerals like iodine and vitamins A & D, drives market demand. Additionally, the rise in demand for fortified fish from Southeast Asian countries is boosting the market, with Vietnam producing approximately 0.381 billion liters of fish sauce in 2022.
Market Restraints:
Despite the growth prospects, the fish sauce market faces challenges such as the availability of low-cost alternatives, high production costs, and health-related concerns like allergies caused by fish intake.
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What is Fish Sauce Market Segmentation?
The market is segmented based on product type into Traditional and Industrial. The Traditional segment dominates the market due to consumer preference for authentic and natural fish sauce compared to industrial alternatives.
Based on End-users, the market is divided into Food Manufacturers, Retail, and Food Services. The Food Manufacturers segment holds the largest market share, driven by fish sauce being a key ingredient in many cuisines and food products, providing essential nutrients and iodine.
Global Fish Sauce Market, by Product
• Traditional
• Industrial
Global Fish Sauce Market, by Nature
• Basic
• Premium
Global Fish Sauce Market, by Flavour
• Plain
• Spiced
Global Fish Sauce Market, by End-user
• Food Manufacturers
• Retail
• Food Service
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Who are Fish Sauce Market Key Players?
1. Teo Tak Seng Fish-Sauce Factory Co. Ltd
2. Rayong Fish Sauce Industry Co. Ltd
3. Tang Sang Hah Co. Ltd
4. Halcyon Proteins Pty.
5. Pichai Fish Sauce Co
6. Masan Consumer Corp
7. Shantou Fish Sauce Factory Co
8. Thai Fish sauce Factory (Squid Brand) Co. Ltd
9. Fish Sauce Co. Ltd
10. Hung Thanh Co. Ltd
11. Fish Marine Resources Development Co. Ltd
12. Rungroj Fish Sauce Co. Ltd
13. Halcyon Proteins
14. Tang Sang Ha Company Limited
15. Thaipreeda Group
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Table of content for the Fish Sauce Market includes:
Global Fish Sauce Market : Research Methodology
Global Fish Sauce Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Fish Sauce Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Fish Sauce Market Segmentation
Global Market, by Product(2021-2029)
Global Market, by Nature(2021-2029)
Global Market, by Flavour(2021-2029)
Global Market, by End-user(2021-2029)
Regional Fish Sauce Market (2021-2029)
Global Market, by Product(2021-2029)
Global Market, by Nature(2021-2029)
Global Market, by Flavour(2021-2029)
Regional Market,by End-user (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
Asia Pacific holds the largest market share (36.29%) in 2022 and is expected to grow at a CAGR of 6.9% during the forecast period. Countries such as China, Vietnam, Myanmar, Philippines, Taiwan, Thailand, Cambodia, Indonesia, Laos, and Japan contribute to the region's growth, supported by rising disposable income and product popularity in local cuisines.
North America is a significant consumer and manufacturer of fish sauce, holding 31.71% market share in 2022. The market growth in the region is fueled by increased demand from the food industry and restaurants.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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