"Market Intelligence that Adds Flavour to Your Success"

Fish Sauce Market Size, Share & Industry Analysis, By Type (Traditional, Industrial), By Nature (Basic, Premium), By End-use (B2B, B2C) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103815 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global fish sauce market is driven by the increasing popularity of fish sauce due to its unique flavor and taste. Increasing consumer’s inclination towards seasonings to enhance the flavor of the traditional dishes is expected to boost the market size in the forthcoming years. The rising awareness regarding the health benefits of fish sauces is predicted to positively impact market growth.


The prominent players in the market are embarking on the launch of new traditional fish sauces in salt-free and preservative-free variants. With the increasing incidences of high blood pressure, diabetes, and various disease consumers prefer to buy clean-label and traditional fish sauce, which is predicted to force the manufacturers to launch a healthier version of fish sauces.

The on-going research regarding the production of fortified fish sauce is expected to positively impact the product growth in forthcoming years. For instance, the fortification of fish sauce with iron can help to significantly improve iron status and reduce anemia and iron deficiency. Moreover, flourishing retail shelves from the wide range of the product and attractive discounts offered by the big retail stores are predicted to positively leverage the sales of the product. In addition, increasing demand for fish sauce from HoReCa sector is predicted to further propel the market growth. Moreover, fish sauce is one the essential element in the many traditional cuisines such as Japanese and Korean cuisine, hence, the increasing popularity of these cuisines worldwide is anticipated to boost the market share of the product.

The easy availability of substitute products such as soy sauce, oyster sauce, & others and rising vegetarian or vegan population are predicted to hamper the market growth.

Key Market Driver -

On-going Research and Development for the Production of Healthier Fish Sauces

Key Market Restraint -

Availability of Substitute


Key Players Covered:


The prominent players operating in the global fish sauce market are Red Boat Fish Sauce, Masan Group, Thai Fishsauce Factory (Squid Brand) Co. Ltd., Tang Sang Ha Company Limited, TeoTak Sauce Factory Co., Pichai Fish Sauce Co. Ltd., Unilever Food Solutions, Rungroj Fish Sauce Co., Halcyon Proteins, Thaipreeda Group, and Others.

Traditional fish sauces are predicted to hold a considerable share in the market. The increasing popularity of Japanese and Korean cuisine across the globe is predicted to increase the demand for traditional Japanese and Korean fish sauces in forthcoming years. Consumers are more inclined towards the authentic taste and flavor of the cuisine which is predicted to positively impact the sales of traditional fish sauces.

Basic fish sauces are anticipated to hold a significant share in the market. Increasing utilization of basic fish sauces from the HoReCa sector due to its comparatively low price is predicted to boost the segment’s share. Moreover, rising health consciousness among consumers, intensifying research on the premiumization of the traditional fish sauces are expected to positively impact the growth of the premium category of fish sauce. B2B segment of fish sauce is expected to grow at a healthier pace in the forthcoming years. The intensifying demand for fish sauces from the HoReCa sector is expected to be a major reason for segment growth. Furthermore, the ever-growing demand for an easy solution for meal preparation and increasing inclination towards home-cooked food are predicted to boost the B2C segment share.

Regional Analysis:


Asia Pacific fish sauce market is driven by the presence of countries such as Indonesia, Japan, South Korea, and Vietnam. Fish sauce is one of the popular and staple ingredients available in their traditional cuisines, which is projected to positively impact product growth. The growing popularity of ethnic and traditional cuisines across Asia Pacific is projected to be a favorable factor for product growth.

North America is anticipated to grow at a considerable pace in the global market. The flourishing HoReCa sector within the region, rising popularity of ethnic cuisine among the consumers are predicted to positively leverage the sales growth. The prominent players in the global fish sauce market are expanding their distribution network in the U.S. and Canada to increase their consumer base, which is expected to positively influence the market growth during the forecast period.

To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTE

  DETAILS

By Type



  • Traditional

  • Industrial



By Nature



  • Basic

  • Premium



By End-use



  • B2B

  • B2C



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments:



  • In July 2018, Nestle Vietnam announced the launch of its first ever Maggi fish sauce. The product is made from natural ingredients like Phu Quoc black anchovy essence and Ba Ria sea salt and are free of preservatives

  • In October 2016, Masan Group and its strategic partner, the Thai conglomerate Singha Group introduced its new product, Chin-Su Yod Thong fish sauce, in Thailand market.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Mckinsey
Bunge
Fresenius
Nissin
Ferrero

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X