Global Fish Sauce Market: Industry Analysis and Forecast 2021-2027: By Product Type, End-user, and Region.

Fish Sauce Market size was valued at US$ 15.88 Bn. in 2020 and the total revenue is expected to grow at CAGR 3.52% through 2021 to 2027, reaching nearly US$ 20.23 Bn.

Fish Sauce Market Overview:

Fish sauce is a translucent reddish-golden brown-colored liquid obtained from the fermentation of fish with sea salt. Fish sauce is prepared from brackish water, seawater, and freshwater fishes, and salt along with Fermentation, which is conducted by halophilic bacteria, is from 12 to 18 months. Normally it is used along with lime juice and other ingredients, which balanced out the flavor and odor. Fish Sauce is used as a staple seasoning in East Asian cuisine and Southeast Asian cuisine, particularly in China, Vietnam, Myanmar, Philippines, Taiwan, Thailand, Cambodia, Indonesia, Laos, and Malaysia. Fish sauce is referred to as nam pla in Thailand, patis in the Philippines, ngan bya yay in Burma, teuk trei in Cambodia, and nam pa in Laos. Fish Sauce Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Fish Sauce Market Dynamics:

Seasoning has become a vital and significant part of the dining table as fish sauce is used as a seasoning in cuisines to enhance the taste and flavor of cuisines across the globe. As a result, the growing demand for fish sauces is expected to increase during the forecast period. The rising demand for organic food items without the addition of preservatives is boosting worldwide fish sauce market demand. A surge in coastal tourism is another important element aiding market growth since the fish sauce is an essential component of seaside cuisine as a condiment as well as a dipping sauce. Aside from tourism, a coastline population is estimated to represent 40% of the global population, which stands out as a profitable market for a fish sauce that adds savory umami taste to meals. Thanks to the growing awareness regarding the various health benefits of fish sauce are served as a key driver for increasing the demand for the fish sauce market across the globe. The demand for fish sauce is the growing adoption of high nutritional food in regular diet. Fish Sauce contains numerous vital nutrients and minerals including iodine and vitamins A & D. The significant rise in demand for fortified fish from Southeast Asian countries is driving the global fish sauce market. For instance, in 2019, the production volume of fish sauce amounted to approximately 0.381 billion liters in Vietnam. In 2020, the average monthly consumption of fish sauce and dipping sauce in Vietnam reached 0.3 liters per capita. These factors are driving the demand for Fish sauce. However, the availability of low-cost alternatives, high production costs, and health-related concerns such as allergies caused by fish intake are expected to hamper the market's growth during the forecast period.

Fish Sauce Market Segment Analysis:

Based on the Product type, the market is segmented into Traditional and Industrial. The Traditional segment dominated the largest market share, accounted for 68.72% of the market in 2020. The growing preference for traditional fish sauce over industrial fish sauce drives the market growth. Industrial Fish sauces are manufactured in factories, which are a combination of flavor, preservatives, sweeteners, fish essence, and coloring, resulting in consumers prefer traditional sauces. Fish Sauce Market Based on End-user, the market is segmented into Food Manufacturers, Retail, and Food services. The food Manufacturers segment has dominated the market accounted for 42.1 % in 2020. Fish sauce is a chief ingredient in many cuisines and product usage in curries and other foods, as it provides essential nutrients along with iodine, which in turn, rise in demand for the product in the food manufacturing industry. Fish Sauce Market

Fish Sauce Market Regional Insights:

Asia Pacific region held the largest market share accounting for 36.29% in 2020 and is expected to grow with a CAGR of 6.9% during the forecast period. Increasing product popularity for the cuisines in countries such as China, Vietnam, Myanmar, Philippines, Taiwan, Thailand, Cambodia, Indonesia, Laos, and Japan along with the rising disposable income, supports the growth of the Fish sauce market. According to the United Nations Food and Agriculture Organization, China is the world's greatest producer of fish and the top exporter of fish and fish products since 2015. North America is a major customer and manufacturer of Fish Sauce Market and held 31.71% market share in 2020. A significant rise in product demand from the food industry and restaurants drives the market growth. The objective of the report is to present a comprehensive analysis of the Fish Sauce Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Fish Sauce Market dynamic, structure by analyzing the market segments and project the Fish Sauce Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Fish Sauce Market make the report investor’s guide.

Fish Sauce Market Scope: Inquire before buying

Global Fish Sauce Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 15.88 Bn.
Forecast Period 2021 to 2027 CAGR: 3.52% Market Size in 2027: US $ 20.23 Bn.
Segments Covered: by Product • Traditional • Industrial
by End-user • Food Manufacturers • Retail • Food Service

Geothermal Power Market, by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Fish Sauce Market Key Players

Teo Tak Seng Fish-Sauce Factory Co. Ltd • Rayong Fish Sauce Industry Co. Ltd • Tang Sang Hah Co. Ltd • Halcyon Proteins Pty. • Pichai Fish Sauce Co • Masan Consumer Corp • Shantou Fish Sauce Factory Co • Thai Fish sauce Factory (Squid Brand) Co. Ltd • Fish Sauce Co. Ltd • Hung Thanh Co. Ltd • Fish Marine Resources Development Co. Ltd • Rungroj Fish Sauce Co. Ltd • Halcyon Proteins • Tang Sang Ha Company Limited • Thaipreeda Group

Frequently Asked Questions:

1] What segments are covered in the Fish Sauce Market report? Ans. The segments covered in the Fish Sauce Market report are based on Product Type and End-user. 2] Which region is expected to hold the highest share in the Fish Sauce Market? Ans. Asia Pacific region is expected to hold the highest share in the Fish Sauce Market. 3] What is the market size of Fish Sauce Market by 2027? Ans. The market size of Fish Sauce Market by 2027 is US $ 20.23 Bn. 4] Who are the top key players in the Fish Sauce Market? Ans. Teo Tak Seng Fish-Sauce Factory Co. Ltd, Rayong Fish Sauce Industry Co. Ltd, Tang Sang Hah Co. Ltd, Halcyon Proteins Pty., Pichai Fish Sauce Co, Masan Consumer Corp, Shantou Fish Sauce Factory Co, Thai Fish sauce Factory (Squid Brand) Co. Ltd, Fish Sauce Co. Ltd, Hung Thanh Co. Ltd, Fish Marine Resources Development Co. Ltd, Rungroj Fish Sauce Co. Ltd, Halcyon Proteins, Tang Sang Ha Company Limited, and Thaipreeda Group. 5] What was the market size of Fish Sauce Market in 2020? Ans. The market size of Fish Sauce Market in 2020 was US $ 15.88 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Fish Sauce Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Fish Sauce Market 3.4. Geographical Snapshot of the Fish Sauce Market, By Manufacturer share 4. Global Fish Sauce Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Fish Sauce Market 5. Supply Side and Demand Side Indicators 6. Global Fish Sauce Market Analysis and Forecast, 2019-2027 6.1. Global Fish Sauce Market Size & Y-o-Y Growth Analysis. 7. Global Fish Sauce Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 7.1.1. Traditional 7.1.2. Industrial 7.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 7.2.1. Food Manufacturers 7.2.2. Retail 7.2.3. Food Service 8. Global Fish Sauce Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Fish Sauce Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 9.1.1. Traditional 9.1.2. Industrial 9.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 9.2.1. Food Manufacturers 9.2.2. Retail 9.2.3. Food Service 10. North America Fish Sauce Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Fish Sauce Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 11.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 12. Canada Fish Sauce Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 12.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 13. Mexico Fish Sauce Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 13.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 14. Europe Fish Sauce Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 14.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 15. Europe Fish Sauce Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Fish Sauce Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 16.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 17. France Fish Sauce Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 17.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 18. Germany Fish Sauce Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 18.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 19. Italy Fish Sauce Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 19.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 20. Spain Fish Sauce Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 20.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 21. Sweden Fish Sauce Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 21.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 22. CIS Countries Fish Sauce Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 22.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 23. Rest of Europe Fish Sauce Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 23.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 24. Asia Pacific Fish Sauce Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 24.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 25. Asia Pacific Fish Sauce Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Fish Sauce Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 26.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 27. India Fish Sauce Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 27.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 28. Japan Fish Sauce Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 28.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 29. South Korea Fish Sauce Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 29.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 30. Australia Fish Sauce Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 30.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 31. ASEAN Fish Sauce Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 31.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 32. Rest of Asia Pacific Fish Sauce Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 32.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 33. Middle East Africa Fish Sauce Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 33.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 34. Middle East Africa Fish Sauce Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Fish Sauce Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 35.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 36. GCC Countries Fish Sauce Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 36.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 37. Egypt Fish Sauce Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 37.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 38. Nigeria Fish Sauce Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 38.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 39. Rest of ME&A Fish Sauce Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 39.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 40. South America Fish Sauce Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 40.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 41. South America Fish Sauce Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Fish Sauce Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 42.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 43. Argentina Fish Sauce Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 43.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 44. Rest of South America Fish Sauce Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2019-2027 44.2. Market Size (Value) Estimates & Forecast By End-user, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Fish Sauce Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile: Key Players 45.3.1. Teo Tak Seng Fish-Sauce Factory Co. Ltd 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Teo Tak Seng Fish-Sauce Factory Co. Ltd 45.5. Rayong Fish Sauce Industry Co. Ltd 45.6. Tang Sang Hah Co. Ltd 45.7. Halcyon Proteins Pty. Ltd 45.8. Pichai Fish Sauce Co 45.9. Masan Consumer Corp 45.10. Shantou Fish Sauce Factory Co 45.11. Thai Fishsauce Factory (Squid Brand) Co. Ltd 45.12. Fish Sauce Co. Ltd 45.13. Hung Thanh Co. Ltd 45.14. Fish Marine Resources Development Co., Ltd 45.15. Rungroj Fish Sauce Co., Ltd 45.16. Halcyon Proteins 45.17. Tang Sang Ha Company Limited 45.18. Thaipreeda Group 46. Primary Key Insights

About This Report

Report ID116867
Category Consumer Goods & Services
Published DateAug 2021
Updated DateOct 2021
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