Fish Sauce Market worth US$ 21.9 Billion 2029 with a CAGR of 3.7 %

Fish sauce, a quintessential condiment in Southeast Asian cuisine, stands as a savory testament to the art of culinary alchemy. Crafted through the fermentation of fish extracts, typically anchovies or other small varieties, this pungent liquid imparts a depth of umami flavor that enriches a myriad of dishes. With its roots deeply embedded in the culinary traditions of countries like Vietnam, Thailand, and Cambodia, fish sauce has transcended regional boundaries to become a globally embraced culinary gem.

𝗧𝗼 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗺𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗿𝗲𝗽𝗼𝗿𝘁, 𝗰𝗹𝗶𝗰𝗸 𝗵𝗲𝗿𝗲:
https://www.prophecymarketinsights.com/market_insight/Global-Fish-Sauce-Market-By-518

Key Market Insights from the report:

The global fish sauce market accounted for US$ 15.8 Billion in 2020 and is projected to register a moderate CAGR of 3.7 % over the forecast period. The market report has been segmented on the basis of product type, application, distribution channel, and region.

By product type, the global fish sauce market is categorized into korean fish sauce, japanese fish sauce, southeast asian fish sauce, western fish sauce, and others. Others product type sub-segment is categorized into thai fish sauce, and vietnamese fish sauce.
By application, the global fish sauce market is bifurcated into domestic use, restaurants, and food industries
By distribution channel, the global fish sauce market is segmented into supermarket and hypermarket, convenience stores, specialty stores, and online retailers.
By region, Asia Pacific fish sauce market is accounted for major revenue share of the global fish sauce market and is further anticipated to maintain its dominance over the forecast period, owing to increasing consumption of fish sauce in countries such as China, Japan, and Vietnam of the region. North America fish sauce market is expected to account for a second-highest share in the market in terms of revenue over the forecast period, in 2018.

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The prominent player operating in the global fish sauce market includes Tang Sang Ha Company Limited, Thaipreeda Group, TeoTak Sauce Factory Co., Ltd, Viet Phu, Inc, Thai Fish Sauce Factory (Squid Brand) Co., Ltd, Nestlé S.A., Thai Taste, Fish Marine Resources Development Co., Ltd., and Rungroj Fish Sauce Co., Ltd.

Fish Sauce Market Trends:

Increased Global Awareness and Usage:
Fish sauce has gained recognition beyond its traditional Southeast Asian roots. Global culinary enthusiasts and chefs are incorporating fish sauce into a wide range of recipes, contributing to its increased availability and usage in various cuisines worldwide.

Artisanal and Small-Batch Production:
A trend towards artisanal and small-batch production of fish sauce has emerged, mirroring the growing appreciation for high-quality, traditionally crafted condiments. Artisanal producers focus on using high-quality fish and traditional fermentation methods to create unique and flavorful sauces.

Premium and Aged Varieties:
Similar to the trend in other condiments, there is an interest in premium and aged varieties of fish sauce. These products often undergo longer fermentation periods and may be aged in barrels, resulting in nuanced and complex flavor profiles.

Use in Fusion and Gourmet Cuisine:
Fish sauce is finding its way into fusion and gourmet dishes, showcasing its versatility beyond traditional Southeast Asian recipes. Chefs are experimenting with fish sauce to add depth and umami to a wide array of dishes, from salads to cocktails.

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This release was published on openPR.