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Fish Sauce Market to Reach Nearly $22.42 Billion by 2030

07-09-2024 02:20 PM CET | Consumer Goods & Retail

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Fish Sauce Market

Fish Sauce Market

๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐จ๐ซ ๐ƒ๐ž๐œ๐ซ๐ž๐š๐ฌ๐ž ๐Ÿ๐จ๐ซ ๐ฐ๐ก๐š๐ญ ๐œ๐จ๐ง๐ญ๐š๐ข๐ง๐ฌ ?

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ: ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ

๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐…๐จ๐ซ๐œ๐ž๐ฌ:

โ€ข Growing Demand for Seasoning: The global appetite for diverse and flavorful foods is driving the demand for fish sauce, a key seasoning in various cuisines.

โ€ข Rising Popularity of Organic Foods: The increasing preference for organic food items without preservatives boosts the demand for traditionally made fish sauce.

โ€ข Coastal Tourism and Population: The surge in coastal tourism and the significant global coastline population, estimated at 40%, present a profitable market for fish sauce.

โ€ข Health Benefits Awareness: Fish sauce is rich in vital nutrients and minerals, including iodine and vitamins A and D, making it a sought-after ingredient in health-conscious diets.

๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ:

โ€ข Low-Cost Alternatives: The availability of cheaper alternatives and the high production costs of traditional fish sauce can hinder market growth.

โ€ข Health Concerns: Allergies and other health-related concerns associated with fish intake pose challenges to market expansion.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐›๐ฒ ๐œ๐ฅ๐ข๐œ๐ค๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐: https://www.maximizemarketresearch.com/request-sample/116867/
๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐€๐†๐‘ ๐„๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ข๐จ๐ง:

The global fish sauce market, valued at USD 17.59 billion in 2023, is poised for substantial growth, projected to reach nearly USD 22.42 billion by 2030. This growth, at a compound annual growth rate (CAGR) of 3.52%, reflects increasing global demand for this versatile seasoning, deeply rooted in Asian culinary traditions.

๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Traditional
Industrial

The market is divided into two segments: Traditional and Industrial, based on the type of product. With 68.72% of the market in 2023, the Traditional segment held the biggest market share. The market is expanding because traditional fish sauce is becoming more and more preferred over industrial fish sauce. Consumers prefer traditional sauces to industrial fish sauces, which are produced in factories and contain flavor, coloring, sweeteners, preservatives, and fish essence.

๐›๐ฒ ๐๐š๐ญ๐ฎ๐ซ๐ž

Basic
Premium

๐›๐ฒ ๐…๐ฅ๐š๐ฏ๐จ๐ฎ๐ซ

Plain
Spiced

๐›๐ฒ ๐„๐ง๐-๐ฎ๐ฌ๐ž๐ซ ๐…๐จ๐จ๐

Manufacturers
Retail
Food Service

๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž: ๐€ ๐‚๐ฎ๐ฅ๐ข๐ง๐š๐ซ๐ฒ ๐’๐ญ๐š๐ฉ๐ฅ๐ž

Fish sauce, a reddish-golden brown liquid, is derived from the fermentation of fish with sea salt over 12 to 18 months. It is a cornerstone of East and Southeast Asian cuisines, commonly used in countries such as China, Vietnam, Myanmar, the Philippines, Taiwan, Thailand, Cambodia, Indonesia, Laos, and Malaysia. Known as "nam pla" in Thailand, "patis" in the Philippines, "ngan bya yay" in Burma, "teuk trei" in Cambodia, and "nam pa" in Laos, fish sauce is cherished for its umami flavor, enhancing dishes and balancing flavors.

๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐ข๐ง ๐ฐ๐ก๐ข๐œ๐ก ๐ซ๐ž๐ ๐ข๐จ๐ง๐ฌ??

Asia Pacific: Dominating the market with a 36.29% share in 2023, the Asia Pacific region is expected to grow at a CAGR of 6.9% during the forecast period. The popularity of fish sauce in regional cuisines, combined with rising disposable incomes, drives market growth. China, as the world's leading producer and exporter of fish products, plays a significant role in this regional dominance.

North America: Holding a 31.71% market share in 2023, North America is a significant consumer and manufacturer of fish sauce. The growing demand from the food industry and restaurants fuels market expansion in this region.

๐…๐จ๐ซ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐œ๐ฅ๐ข๐œ๐ค ๐ญ๐ก๐ž ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/116867/
๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž & ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

The competitive landscape of the Fish Sauce market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the Fish Sauce market. The report employed a bottom-up approach to ascertain Fish Sauce market estimations and growth rates.

To gain insights into Fish Sauce market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the Fish Sauce market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.

Both primary and secondary data gathering techniques were employed for the Fish Sauce Market. Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the Fish Sauce Market.

๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค

The global fish sauce market is on a promising trajectory, driven by culinary traditions, rising health consciousness, and expanding food industries. However, addressing challenges such as cost and health concerns will be crucial for sustained growth. With continuous innovation and increasing consumer awareness, the market offers lucrative opportunities for stakeholders and investors.

For a comprehensive analysis of market dynamics, competitive landscape, and strategic recommendations, the report provides valuable insights for industry participants aiming to leverage emerging trends and opportunities in the global fish sauce market.

๐‚๐ฅ๐ข๐œ๐ค ๐ก๐ž๐ซ๐ž ๐Ÿ๐จ๐ซ ๐š ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ž๐ฑ๐ฉ๐ฅ๐š๐ง๐š๐ญ๐ข๐จ๐ง: https://www.maximizemarketresearch.com/market-report/fish-sauce-market/116867/
๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐…๐ข๐ฌ๐ก ๐’๐š๐ฎ๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Fish Sauce?
What is the growth rate of the Fish Sauce Market?
Which are the factors expected to drive the Fish Sauce market growth?
What are the different segments of the Fish Sauce Market?
What are the factors restraining the growth of the Fish Sauce Market?
What is the demand pattern of the Fish Sauce Market?
What major challenges could the Fish Sauce Market face in the future?
๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Ž๐ฎ๐ซ ๐Œ๐จ๐ฌ๐ญ ๐‘๐ž๐š๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

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๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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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