Fish Sauce Market size was valued at US$ 17.00 Bn. in 2022 and the total revenue is expected to grow at CAGR 3.52% through 2023 to 2029, reaching nearly US$ 21.66 Bn.
Fish Sauce Market Overview:
The competitive landscape of the Fish Sauce Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the Fish Sauce market.
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Fish Sauce Market Scope:
This Fish Sauce market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Fish Sauce market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Fish Sauce Market Segmentation:
by Product
Traditional
Industrial
The market is divided into two categories: Traditional and Industrial, depending on the product type. In 2022, the Traditional sector held the biggest market share with 68.72% of the total. The market is expanding as traditional fish sauce becomes more popular than commercial fish sauce. Consumers prefer homemade sauces to industrial fish sauces, which are produced in factories and contain flavouring, sweeteners, preservatives, fish essence, and colouring.
by Product
Traditional
Industrial
by Nature Basic
Premium
by Flavour
Plain
Spiced
by End-user
Food Manufacturers
Retail
Food Service
The market is divided into three categories based on the end user: food manufacturers, retailers, and food services. 42.1% of the market in 2022 was dominated by the food manufacturers category. Fish sauce is a main component in many cuisines and is frequently used in curries and other dishes because it contains iodine and necessary nutrients, which has led to an increase in demand for the product in the food manufacturing sector.
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Fish Sauce Market Key Players: The following are the key players of the Fish Sauce market-
1. Teo Tak Seng Fish-Sauce Factory Co. Ltd
2. Rayong Fish Sauce Industry Co. Ltd
3. Tang Sang Hah Co. Ltd
4. Halcyon Proteins Pty.
5. Pichai Fish Sauce Co
6. Masan Consumer Corp
7. Shantou Fish Sauce Factory Co
8. Thai Fish sauce Factory (Squid Brand) Co. Ltd
9. Fish Sauce Co. Ltd
10. Hung Thanh Co. Ltd
11. Fish Marine Resources Development Co. Ltd
12. Rungroj Fish Sauce Co. Ltd
13. Halcyon Proteins
14. Tang Sang Ha Company Limited
15. Thaipreeda Group
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Fish Sauce Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Fish Sauce Market: The research also addresses the impact of COVID-19 on the Fish Sauce market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Fish Sauce Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Fish Sauce Market in the next years.
Key Questions Answered in the Fish Sauce Market Report are:
- What will be the CAGR of the Fish Sauce market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Fish Sauce market?
- Which are the prominent players in the Fish Sauce market?
- What key trends are likely to emerge in the Fish Sauce market in the forecast period?
- What will be the Fish Sauce market size by 2027?
- Which company held the largest share in the Fish Sauce market in 2020?
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The global Fish Sauce Market scope was projected at US$ 15.32 billion in 2018.
This could be attributed to an extensive demand for fish sauce in the form of condiment in various cuisines.
By product, the segmentation goes like Southeast Asian, Japanese, Korean, and Western.
By application, the fish sauce industry spans domestic use, food industries, restaurants, and others.
Indirect sales could be further segmented into wholesalers, specialty stores, supermarket, hypermarket, online retailers, convenience stores, and others.
This factor is expected to hold the hopes strong for Europe.Players:The players contributing to the fish sauce market include Teo Tak Seng Fish-Sauce Factory Co. Ltd., Rungroj Fish Sauce Co. Ltd., Thaipreeda Group, TANG SANG HAH Co. Ltd., Fish Marine Resources Development Co. Ltd., Viet Phu, Inc., Rayong Fish Sauce Industry Co. Ltd., Pichai Fish Sauce Co. Ltd. and Halcyon Proteins Pty.
The global Fish Sauce growth is all set to gain substantial demand opportunities from various end-use industries, according to a new report from Factor.
Detailed information on consumptions and demand ratio of diverse products/services linked to the growth dynamics of the Fish Sauce growth is covered in this report.
This aside, the report presents reliable data on revenues and volumes of all key geographical regions during the forecast period 2017 to 2022.The report on the global Fish Sauce growth works as a helpful guide that provides dependable data on various aspects such as challenges and opportunities in this market.
In addition to this, readers of this report will get an in-depth analysis of diverse trends together with technological and product developments in the global Fish Sauce market.
The analysts have used diverse business intelligence tools to present trustworthy data on diverse aspects such as statistics and facts on important aspects of the global Fish Sauce market.According to a study by Fact.MR, the global fish sauce market is expected to experience steady growth.
The market is estimated to register 5.0% CAGR during the forecast period from 2017 to 2022.The report covers an analysis of the competitive landscape of the global Fish Sauce market together with a detailed study of the most important players working in this market.
