Fish Sauce Market Trends 2023, Leading Companies Share, Size and Forecast Report By 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 condiment with deep roots in Asian cuisine, particularly in Southeast Asia. It is crafted through fermentation using fish, usually anchovies or other small, salted varieties. The fish are left to ferment with salt, yielding a strained and bottled liquid. Fish sauce imparts a distinctive umami flavor to dishes and is a staple in various Asian recipes, enhancing savory profiles. Widely used in Thai, Vietnamese, and Filipino cuisines, it adds depth and complexity to soups, stir-fries, and dipping sauces. The sauce's popularity extends globally, with chefs and home cooks appreciating its rich, salty, and savory notes as a versatile flavor enhancer.

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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 awareness and appreciation of diverse international cuisines. As globalization fosters culinary cross-pollination, consumers seek authentic flavors, particularly in Asian and Southeast Asian dishes where fish sauce plays a central role. Furthermore, the growing preference for natural and authentic ingredients in cooking fuels the market. Traditionally crafted through fermentation, fish sauce aligns with the trend toward minimally processed and natural food products. Besides, the rise in food enthusiasts and home cooks experimenting with global recipes stimulates market growth. Social media platforms and culinary shows showcase the versatility of fish sauce, prompting individuals to incorporate it into their cooking repertoire. Moreover, the expanding influence of Asian cuisine in the Western world contributes to the fish sauce market growth. Traditional and fusion restaurants increasingly feature dishes with fish sauce, exposing a broader audience to its unique flavor profile. Additionally, health-conscious consumers appreciate fish sauce as a gluten-free alternative to soy sauce, bolstering its demand.

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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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