Fish Sauce Market Trends, Share, Size, Report 2024-2032

IMARC Group’s latest report, titled “Fish Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”,offers a comprehensive analysis of the industry, which comprises insights on the fish sauce market demand. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global fish sauce market size reached US$ 16.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032.

Fish sauce is a condiment with deep roots in Asian cuisine, particularly popular in Southeast Asian countries. It is a savory liquid extracted from fermented fish, usually anchovies or other small, oily fish, combined with salt. The fermentation process can take several months to years, allowing the fish to break down into a flavorful and aromatic liquid. Fish sauce is a key ingredient in many traditional dishes, adding a unique umami flavor and enhancing the overall taste profile. Known for its pungent aroma, fish sauce is used in various culinary applications, ranging from marinades and dressings to soups and stir-fries. It serves as a versatile seasoning that imparts a rich, salty, and savory depth to dishes. The quality and flavor of fish sauce can vary based on the type of fish used, the fermentation process, and the duration of aging.

Market Leader in Fish Sauce Market:

  • 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
  • Unilever plc

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Fish Sauce Industry Trends:

The changing consumer preferences, and an increasing awareness of umami flavors is driving the global market. Fish sauce, a staple condiment in many Southeast Asian dishes, has gained global recognition as a versatile and essential ingredient, contributing to the market’s expansion. Moreover, the globalization of culinary tastes and an increased interest in authentic ethnic cuisines have played a significant role in augmenting the demand for fish sauce worldwide. As consumers become more adventurous in their culinary choices, the use of fish sauce extends beyond traditional Southeast Asian recipes, finding applications in diverse international cuisines. Besides, the expansion of the global food industry and the proliferation of Asian restaurants and eateries contribute to the market’s growth.

Presently, there is a rise in the adoption of high nutritional food and condiments in regular diets on account of the growing health consciousness among individuals. This, along with the increasing utilization of fish sauce due to the surging cases of thyroid-related problems around the world, represents one of the key factors propelling the growth of the market. In addition, there is an increase in the popularity of Asian cuisine as it encompasses a healthy balance between meat and vegetables. This, coupled with the burgeoning food and beverage (F&B) industry, is catalyzing the demand for fish sauce worldwide. Besides this, the rising awareness among the masses about the benefits of fish sauce is offering lucrative growth opportunities to industry investors. Apart from this, its wide availability through online and offline distribution channels is positively influencing the market. Additionally, the escalating demand for fortified product variant to maintain healthy micronutrient levels in the body is bolstering the growth of the market. Key market players are also investing in improving the packaging to increase their overall sales. In line with this, they are significantly financing advertisement campaigns to generate brand awareness, which is projected to impel the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fish sauce market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, composition, distribution channel and industry vertical.

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)

Key Highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Composition, Distribution Channel, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

1. What was the size of the global fish sauce market in 2023?


2. What is the expected growth rate of the global fish sauce market during 2024-2032?


3. What are the key factors driving the global fish sauce market?


4. What has been the impact of COVID-19 on the global fish sauce market?


5. What is the breakup of the global fish sauce market based on the distribution channel?


6. What is the breakup of the global fish sauce market based on the industry vertical?


7. What are the key regions in the global fish sauce market?


8. Who are the key players/companies in the global fish sauce market?

About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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