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) |
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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