Insights Into The Fish Sauce Market’s Growth Opportunities Through 2023-2032 – Includes Fish Sauce Market Analysis
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rising seafood consumption is likely to fuel innovation in fish sauce production, propelling the market during the forecast period.
The global fish sauce market is expected to grow from $15.94 billion in 2022 to $17.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The global fish sauce market size is expected to reach $22.22 billion in 2027 at a CAGR of 6.6%.
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Global Fish Sauce Market Segments Include:
- By Product Type: Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce
- By Flavour: Plain, Spiced
- By Price: Basic, Premium
- By Distribution Channel: Supermarket And Hypermarket, Convenience Stores, Specialty Stores, Online Retailers
- By Application: Domestic Use, Restaurants, Food Industries
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global fish sauce market in 2021.
Major Market Players in the fish sauce market include Tang Sang Hah Co. Ltd., Masan Group, Thai Preeda Co. Ltd., Shantou Haimao Foodstuff Factory Limited Company, Teo Tak Seng Fish-Sauce Factory Co. Ltd, Thai Fishsauce Factory Squid Brand Co Ltd.
In the fish sauce market, product innovation is a hot trend. Modern conventional fish sauces, for example, are being introduced using modern production methods and high-quality ingredients. It has contributed to the widespread use of fish sauce in non-traditional meals and cuisines. Sozye, a UK-based sauce manufacturing company, for example, debuted its plant-based fish sauces nish, noyster, and noya in January 2022. These sauces are safe for the environment and can be used in non-traditional cuisines.
The Fish Sauce Global Market Report 2023 provides a fish sauce market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fish sauce market forecast analyzes fish sauce market size, fish sauce market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Fish sauce is a flavouring made by fermenting fish in salt for several months, yielding a spicy, savoury, and salty drink. It is used in a variety of cuisines as a flavouring agent to add depth and complexity to foods.
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