Press release
Fish Sauce Market Expected to Achieve Steady Growth, Projecting to Reach Nearly US$ 22.42 Billion by 2030
๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ.๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ (๐๐๐๐):
The Fish Sauce Market, valued at US$ 17.59 billion in 2023, is projected to grow at a CAGR of 3.52% from 2024 to 2030, reaching approximately US$ 22.42 billion.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ: https://www.maximizemarketresearch.com/request-sample/116867/
๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐๐ซ๐ข๐๐ญ๐ข๐จ๐ง๐ฌ: ๐๐ก๐๐ญ ๐๐ก๐จ๐ฎ๐ฅ๐ ๐๐ ๐๐ฑ๐ฉ๐๐๐ญ?
Fish sauce, a crucial ingredient in East and Southeast Asian cuisines, is witnessing increased demand globally due to its role in enhancing flavor profiles. The market benefits from rising consumer preference for organic, additive-free food products, especially in coastal tourism and cuisine.
๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Fish sauce is derived from fermented fish and sea salt, typically aged for 12 to 18 months. It is widely used in Chinese, Vietnamese, Thai, and other Southeast Asian cuisines for its distinctive umami flavor.
๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:
The market analysis includes segmentation by product type (Traditional vs. Industrial), end-users (Food Manufacturers, Retail, Food Services), and geographic regions.
๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ: ๐๐ก๐จ'๐ฌ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก?
โฆ ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐: Dominates with a 36.29% market share in 2023, driven by high consumption rates in countries like China, Vietnam, and Thailand. Expected CAGR of 6.9%.
โฆ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐: Significant market share of 31.71% in 2023, fueled by demand from the food industry and restaurants.
๐๐๐๐๐ฌ๐ฌ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ + ๐๐ข๐ฌ๐ฎ๐๐ฅ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/116867/
๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ,
Traditional
Industrial
๐๐ฒ ๐๐๐ญ๐ฎ๐ซ๐,
Basic
Premium
๐๐ฒ ๐ ๐ฅ๐๐ฏ๐จ๐ฎ๐ซ,
Plain
Spiced
๐๐ฒ ๐๐ง๐-๐ฎ๐ฌ๐๐ซ,
Food Manufacturers
Retail
Food Service
๐๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ข๐ฏ๐ข๐๐๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ซ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐ง๐-๐ฎ๐ฌ๐๐ซ: food manufacturers, food services, and retail. The market has been dominated by the food manufacturers segment, which held 42.1% of the market in 2023. Because it supplies necessary minerals and iodine, fish sauce is a main element in many cuisines and is used in curries and other foods. This leads to an increase in demand for the product in the food manufacturing business.
๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Key players emphasizing product innovation and regional market expansion strategies.
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
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง:
The Fish Sauce Market report employs rigorous research methodologies, including Porter's Five Forces analysis and PESTEL analysis, to provide stakeholders with actionable insights into market dynamics. It forecasts industry trends, growth trajectories, and competitive landscapes, making it an invaluable resource for decision-makers in the food and beverage sector.
For more detailed insights into the Fish Sauce Market, including market size projections and competitive analysis, refer to our comprehensive report.
๐๐ง๐๐จ๐ฏ๐๐ซ ๐๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/market-report/fish-sauce-market/116867/
๐๐ง๐๐๐ฑ (๐๐๐): ๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ
โฆ ๐๐ฑ๐๐๐ฎ๐ญ๐ข๐ฏ๐ ๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ: A concise overview of the market's size, growth potential, and key trends.
โฆ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐: A clear definition of the market's boundaries and the products or services it encompasses.
โฆ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐: A detailed analysis of the market's current state, including major players, competitive landscape, and market dynamics.
โฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ข๐ง๐ : A breakdown of the market's size by revenue, volume, or other relevant metrics, with historical data and future projections.
โฆ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: A categorization of the market based on various factors like customer type, product category, and geographical location.
โฆ ๐ ๐ข๐ฏ๐ ๐ ๐จ๐ซ๐๐๐ฌ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: An evaluation of the competitive landscape using Porter's Five Forces framework, identifying bargaining power of buyers and suppliers, threats of new entrants and substitutes, and competitive rivalry.
โฆ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐: An in-depth exploration of the market's customer base, their needs, buying behavior, and decision-making processes.
โฆ ๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐: An analysis of the market's geographic distribution, highlighting key regions and growth opportunities.
โฆ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง ๐ ๐ซ๐๐ฆ๐๐ฐ๐จ๐ซ๐ค: A practical guide to help you make strategic decisions based on the market insights presented.
โฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ: An examination of the key factors that propel the market forward and the potential obstacles that might hinder its growth.
โฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ: An exploration of the current and emerging trends that will shape the future of the market.
โฆ ๐๐๐ง๐๐จ๐ซ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐: An overview of the major vendors operating in the market, including their product portfolios and market share.
โฆ ๐๐๐ง๐๐จ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: A detailed assessment of the strengths, weaknesses, opportunities, and threats (SWOT analysis) of key vendors.
This comprehensive guide empowers you to gain a strategic advantage in the Fish Sauce market. Utilize the insights within to navigate the competitive landscape, identify growth opportunities, and make informed business decisions.
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ข๐ฌ๐ก ๐๐๐ฎ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข What is Fish Sauce?
โข What was the Fish Sauce market size in 2023?
โข What is the growth rate of the Fish Sauce Market?
โข Who are the leading companies and what are their portfolios in Fish Sauce Market?
โข Which is the fastest growing region in the ##market?
โข What are the different segments of the Fish Sauce Market?
โข What segments are covered in the Fish Sauce Market?
โข Who are the key players in the Fish Sauce market?
โข Which are the factors expected to drive the Fish Sauce market growth?
โข What is the CAGR at which the ## market will grow during the forecast period?
โข What are the upcoming opportunities and trends for the Fish Sauce Market?
โข What are the recent industry trends that can be implemented to generate additional revenue streams for the Fish Sauce Market?
โข What growth strategies are the players considering to increase their presence in Fish Sauce?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Past Market Size and Competitive Landscape (2018 to 2022)
โข Past Pricing and price curve by region (2018 to 2022)
โข Market Size, Share, Size & Forecast by different segment | 2024-2030
โข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Market Segmentation - A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
โข PESTLE Analysis
โข PORTER's analysis
โข Value chain and supply chain analysis
โข Legal Aspects of Business by Region
โข Lucrative business opportunities with SWOT analysis
โข Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฉ๐ข๐๐ฌ:
1. Commercial Aircraft Airframe Materials Market https://www.maximizemarketresearch.com/market-report/global-commercial-aircraft-airframe-materials-market/27206/
2. Anaesthesia Drugs Market https://www.maximizemarketresearch.com/market-report/global-anaesthesia-drugs-market/100028/
3. Global Spinal Devices Market https://www.maximizemarketresearch.com/market-report/global-spinal-devices-market/101565/
4. Global Automotive Films Market https://www.maximizemarketresearch.com/market-report/global-automotive-films-marke/3897/
5. Global Construction Plastics Market https://www.maximizemarketresearch.com/market-report/global-construction-plastics-market/26723/
6. Global Commercial Boilers Market https://www.maximizemarketresearch.com/market-report/global-commercial-boilers-market/111570/
7. Global Plasticizers Market https://www.maximizemarketresearch.com/market-report/global-plasticizers-market/6429/
8. Global Vinyl Ester Market https://www.maximizemarketresearch.com/market-report/global-vinyl-ester-market/30859/
9. Truck Platooning Market https://www.maximizemarketresearch.com/market-report/truck-platooning-market/12775/
10. Global Anti-collision Sensor Market https://www.maximizemarketresearch.com/market-report/global-anti-collision-sensor-market/35157/
๐๐ฎ๐ซ ๐๐๐๐ซ๐๐ฌ๐ฌ:
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๐๐๐ ๐๐ซ๐๐ข๐ง๐ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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