Registering a CAGR of 4.8%, the fish sauce market is anticipated to reach the market value of US$ 3158.5 million in the year 2027.
In the forecast period 2022 to 2027, the fish sauce market is predicted to develop at a compound annual rate of 4.8%. In the projected period of 2022 to 2027, increasing awareness about healthy eating would be a factor for the fish sauce market.
Fish sauce is a sour brown liquid prepared from fermented fish and salt that is an important flavouring ingredient in Thai cuisine. It's used in a variety of dishes as a condiment. Fish sauces are also made in factories and consist of a mixture of fish essence, preservatives, colouring, flavouring, and sweeteners.
The constantly increasing demand for fish sauces to enhance the taste and flavour of cuisines is a major growth factor for the fish sauce market. The increased use of high-nutrient foods in ordinary diets is the primary driver of fish sauce demand. Furthermore, throughout the projected period of 2022 to 2027, the increasing use of fish sauce as a dipping sauce for a variety of foods, as well as the expanding popularity of Asian cuisines and the growing number of food restaurants around the world, are all driving up overall demand for fish sauce. Furthermore, increased awareness of the different health benefits of fish sauce is a major driver of the worldwide fish sauce market. In addition, the high disposable income, increasing cases of thyroid related problems well as the increase in demand for fortified fish sauce are also lifting the growth of the fish sauce market.
Top Key players in the Fish Sauce Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Fish Sauce Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Masan Consumer, Tang Sang Ha, Thaipreeda Group, NANDAO, Teo Tak Seng, Shantou Fish Sauce, Jinguanyuan, Hung Thanh, Thai Fishsauce Factory, Pichai Fish Sauce, Rayong, Rungroj, Viet Phu, Marine, Halcyon Proteins and others.
Thailand is the largest supplier and consumer of Fish Sauce, with a production market share of 44.8% and a consumption market share of 26.9%.
Fish Sauce Market is segmented based on the type, applications, companies and regions.
By Type
By End User’s
The report offers in-depth assessment of the growth and other aspects of the Fish Sauce Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America is expected to dominate the global market over the forecast period. U.S., in particular, is the major consumer in this regional region. High product demand from restaurants and food service industry in the region is the key factor propelling the growth. The market in Central & South America is projected to register the fastest CAGR of 3.8% from 2022 to 2027.
Asia Pacific is also expected to have a steady growth due to rising product popularity and the fact that it is a staple ingredient in most of the cuisines in countries, such as China and Japan.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 4.8% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
| Masan Consumer, Tang Sang Ha, Thaipreeda Group, NANDAO, Teo Tak Seng, Shantou Fish Sauce, Jinguanyuan, Hung Thanh, Thai Fishsauce Factory, Pichai Fish Sauce, Rayong, Rungroj, Viet Phu, Marine, Halcyon Proteins |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Fish Sauce Market is studied from 2017 - 2027.
What is the growth rate of Fish Sauce Market?
The Fish Sauce Market is growing at a CAGR of 4.8% over the next 5 years.
Who are the key players in Fish Sauce Market?
Masan Consumer, Tang Sang Ha, Thaipreeda Group, NANDAO, Teo Tak Seng, Shantou Fish Sauce, Jinguanyuan, Hung Thanh, Thai Fishsauce Factory, Pichai Fish Sauce, Rayong, Rungroj, Viet Phu, Marine, Halcyon Proteins
What region does this Fish Sauce Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Fish Sauce Market?
Traditional Fish Sauce, Industrial Fish Sauce
What are the major end-use applications of Fish Sauce Market?
Commerical, Home
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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