Fish Sauce Market Report: Trends, Forecast and Competitive Analysis to 2030

Fish Sauce Trends and Forecast

The future of the global fish sauce market looks promising with opportunities in the food and beverage, household, and hotel and restaurant markets. The global fish sauce market is expected to reach an estimated $18.8 billion by 2030 with a CAGR of 2.6% from 2024 to 2030. The major drivers for this market are increasing demand for ethnic cuisine and growing adoption of high nutritional food and condiments in regular diets.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Fish Sauce by Segment

The study includes a forecast for the global fish sauce by type, distribution channel, nature, application, and region.

Fish Sauce Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Korean Fish Sauce
• Japanese Fish Sauce
• Southeast Asian Fish Sauce
• Others

Fish Sauce Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Hypermarkets and Supermarkets
• Specialty Stores
• Online Retail
• Others

Fish Sauce Market by Nature [Shipment Analysis by Value from 2018 to 2030]:

• Conventional
• Premium

Fish Sauce Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Food and Beverages
• Household
• Hotels and Restaurants
• Others

Fish Sauce Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fish Sauce Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fish sauce companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fish sauce companies profiled in this report include-

• Rungroj Fish Sauce
• Teo Tak Seng Fish Sauce Factory
• Viet Phu
• Pichai Fish Sauce
• Halcyon Proteins
• Tang Sang Ha Company Limited
• Marine Resources Development

Fish Sauce Market Insights

Lucintel forecasts that southeast Asian fish sauce will remain the largest segment over the forecast period due to its distinctive flavor and capacity to enhance a variety of dishes.

Within this market, hotel and restaurant will remain the largest segment.

APAC is expected to witness the highest growth over the forecast period due to continuous expansion of the food service sector.

Features of the Global Fish Sauce Market

Market Size Estimates: Fish sauce market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fish sauce market size by various segments, such as by type, distribution channel, nature, application, and region in terms of value ($B).

Regional Analysis: Fish sauce market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, distribution channels, nature, applications, and regions for the fish sauce market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fish sauce market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fish sauce market size?

Answer: The global fish sauce market is expected to reach an estimated $18.8 billion by 2030.

Q2. What is the growth forecast for fish sauce market?

Answer: The global fish sauce market is expected to grow with a CAGR of 2.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fish sauce market?

Answer: The major drivers for this market are increasing demand for ethnic cuisine and growing adoption of high nutritional food and condiments in regular diets.

Q4. What are the major segments for fish sauce market?

Answer: The future of the fish sauce market looks promising with opportunities in the food and beverage, household, and hotel and restaurant markets.

Q5. Who are the key fish sauce market companies?

Answer: Some of the key fish sauce companies are as follows:

• Rungroj Fish Sauce
• Teo Tak Seng Fish Sauce Factory
• Viet Phu
• Pichai Fish Sauce
• Halcyon Proteins
• Tang Sang Ha Company Limited
• Marine Resources Development

Q6. Which fish sauce market segment will be the largest in future?

Answer: Lucintel forecasts that southeast Asian fish sauce will remain the largest segment over the forecast period due to its distinctive flavor and capacity to enhance a variety of dishes.

Q7. In fish sauce market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period due to continuous expansion of the food service sector.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fish sauce market by type (Korean fish sauce, Japanese fish sauce, southeast Asian fish sauce, and others), distribution channel (hypermarkets and supermarkets, specialty stores, online retail, and others), nature (conventional and premium), application (food and beverages, household, hotels and restaurants, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?