Fish Sauce Market To Witness Growth Due To Usage In Restaurants & Food Industries Owing To Increasing Consumer Demand Worldwide Till 2021| Million Insights

Global fish sauce market gains a positive traction in the forecast period owing to changing market dynamics coupled with driving factors. Fish sauce is an amber-coloured liquid extracted from the fermentation of fish with sea salt. It is used as a condiment in different cuisines. Fish sauce is a staple ingredient in various cultures in Southeast Asia and the coastal regions of East Asia, and features heavily in Burmese, Cambodian, Filipino, Thai, Lao and Vietnamese cuisines. It also was a major ingredient in ancient European cuisine, but is no longer commonly used in those regions.

In addition to being added to dishes during the cooking process, fish sauce is also used as a base for a dipping condiment, prepared in many different ways in each country, for fish, shrimp, pork, and chicken. In parts of Southern China, it is used as an ingredient for soups and casseroles. Fish sauce, and it’sby products, impart an umami flavour to food owing to their glutamate content.

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Factors propelling the market growth includes increasing consumer demand. In addition,the innovation of new products and tastes drives the growth of this market. On the other hand, there are also factors that hamper the growth of the market such as substitutes to fish sauce. In addition, health concerns due to the added preservatives, coupled with the growing popularity of vegan foods arealso expected to restrain the growth of the market. The Fish Sauce market share is classified on the basis of types, applications, distribution channel and geography.

On the basis of types, the Fish Sauce market is classified asTradTechnology Fish Sauce and Industrial Fish Sauce. On the basis of applications, the Fish Sauce market is classified as domestic use, restaurants, food industries, and others. On the basis of distribution channel, the Fish Sauce market share is classified as super markets/hyper markets, convenience stores, specialty food stores, online retailers, and others.

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On the basis of geography, the Fish Sauce market share is classified as North America, Europe, Asia Pacific, South America, and Middle East and Africa. The North American region consists of U.S., Canada, and Mexico. The European region consists of Germany, France, England and Russia. Asia Pacific region consists of China, Japan, Korea, India, and Southeast Asia.

Some of the key players fuelling the market growth includes Masan Consumer, Tang Sang Ha Company Limited, Thaipreeda Group, NANDAO, and TeoTak Sauce Factory Co., Ltd.The other prominent players operating in the global market share include Viet Phu, Inc, Thai Fish Sauce Factory (Squid Brand) Co., Ltd, Fish Marine Resources Development Co., Ltd., Rungroj Fish Sauce Co., Ltd., Hung ThanhCo.LTD., Pichai Fish Sauce Co. Ltd., Halcyon Proteins, Rayong Fish Sauce Industry Co., Ltd., Saucy Fish, etc.

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