IMARC Group’s latest research report, titled “Fish Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global fish sauce market reached a value of US$ 15.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.93 Billion by 2027, exhibiting a CAGR of 3.40% during 2022-2027. Fish sauce is a brown liquid condiment obtained by fermenting small fish with a considerable amount of salt. It can be categorized into several types, including Korean, Japanese, Western, Southeast Asian, etc. Fish sauce is a rich source of omega-3, vitamins, iron, amino acids, and other nutrients that aid in improving appetite, raising calcium absorption, and controlling blood sugar levels. It also assists in maintaining a stable nervous system, the hematopoiesis process, in supporting cell multiplication, etc. As a result, fish sauce is extensively utilized as a seasoning and dipping liquid in households, hotels, restaurants, etc., across the globe.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, composition, distribution channel and industry vertical.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Fish Sauce Market
- Strategies of major players and product offerings
The escalating product requirement owing to the surging cases of thyroid-related problems and the growing health consciousness among individuals are primarily driving the fish sauce market. Besides this, the elevating popularity of Asian cuisine as it encompasses a healthy balance between meat and vegetables, along with the expanding food and beverage (F&B) sector, is further augmenting the market growth. Apart from this, the inflating availability of fish sauce through online and offline distribution channels is also catalyzing the global market. Moreover, the rising investments by leading market players in advertisement campaigns to generate brand awareness are acting as significant growth-inducing factors. Furthermore, the increasing demand for fortified product variants to maintain healthy micronutrient levels in the body is expected to bolster the fish sauce market in the coming years.
Key Players Included in Global Fish Sauce Market Research Report:
- 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 and Unilever plc.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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)
TOC for the Fish Sauce Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Fish Sauce Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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