Fish Sauce Market to Surpass US$30 Billion by 2032; Plain

Dublin, Oct. 27, 2022 (GLOBE NEWSWIRE) — Over the forecast period 2022-2032, the fish sauce market is expected to grow at a CAGR of 6%, according to Fact.MR. By 2032, the global fish sauce market is expected to reach a market valuation of US$30.5 billion. An amber-colored liquid made from fermented fish coated in salt is called “fish sauce”. It is used as a sauce in many types of food. Abundant in the cuisines of Cambodia, the Philippines, Vietnam, Thailand and Laos, fish sauce is a common ingredient in many Asian civilizations. It is an essential part of Thai cuisine.

A combination of sugars, fish essence, preservatives, colorings and flavorings are used in their factory production. Fish sauce is much more nutritious and beneficial to health because it contains a higher concentration of nitrogen. They are used as salt in Western cooking, but they replace soy sauce in Chinese cooking. In southern China, people use it as an ingredient. The main uses of fish sauce are as a dip and seasoning. Therefore, the key factor in the development of the market is the extensive use of the product in various cuisines.

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To maintain nutritional and vitamin levels, manufacturers also make fish sauce using a more natural method of fermenting fish rather than a chemical process. For example, a store in the fish sauce section of Saigon offers a range of brands of fish sauce. Stores like Whole Foods don’t carry Megachef, but they do sell Red Boat, a superb artisanal brand from Vietnam. People can easily buy food in Asian countries as there are many convenience stores. However, fish sauce is sour in nature as it contains acid. Food consumed decomposes creating an ash deposit which can be acidic, neutral or alkaline. Minerals like calcium, potassium, magnesium, zinc, copper, sodium, silver, and iron leave alkaline ashes, while foods like coffee, meat, dairy, and alcohol that contain sulphur, chlorine, phosphorus and iodine leave acid ashes. Over the forecast period, these variables will hamper global demand.

Key insights from market research

  • In 2022, the global fish sauce market is estimated at US$17.1 billion.
  • In 2022, plain fish sauce segment by flavor type is expected to occupy a market share of 65%
  • The traditional segment is expected to hold a global market share of 30% in 2022.
  • The United States is expected to acquire 45% of the global market share in 2022 and grow with a CAGR of 6.5% in 2022-2032.
  • Asia is expected to have a CAGR of 5.5% over the projection period of 2022-2032.

Competitive landscape

  • Masan Group Corporation is focused on integrating technology as well as artificial intelligence into its daily operations and customer experience to fully transform into a consumer technology ecosystem in 2022. Convening simultaneously at HCM City, the he 2022 Annual General Meeting of Masan Group and two of its major listed companies, Masan Consumer and Masan MEATLife, covered the same topic.
  • Fresh anchovies and salt are used to prepare Teo Tak Seng Fish Factory Co. Ltd’s unique silver pomfret sauce. The sauce’s robust flavor makes it ideal for stir-frying and makes a great dipping sauce for a variety of foods.

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Leading actors in The Global fish sauce Market

  • TANG SANG HA CO. ltd
  • Masan Consumer Corporation
  • Thai Preeda Group
  • Shantou Fish Sauce Factory Co. Ltd
  • Fish Sauce Factory Teo Tak Seng Co. Ltd
  • Thai Fish Sauce Factory (Squid Brand) Company Limited
  • Rayong Fish Sauce Industry Co. Ltd
  • Pichai Fish Sauce Co.Ltd
  • Halcyon Proteins Pty. ltd
  • Hung Thanh Co.Ltd

Key segments covered in the Fish Sauce market report

  • By Flavor:
  • By Technology:
    • Traditional preparation method
    • Industrial preparation method
  • By Price:
  • By Distribution Channel:
    • modern trade
    • convenience stores
    • Pharmacies
    • Traditional Grocery
    • Online retailers
    • Other distribution channels
  • By region:
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • Middle East and Africa

More valuable information
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The study reveals essential insights based on fish sauce market analysis by flavor (plain, spicy), by technology (traditional and industrial preparation method), by price (basic fish sauce, fish sauce premium), by distribution channel (modern commerce, convenience pharmacies, traditional grocery stores, online retailers, other distribution channels) and by region (North America, Latin America, Europe, East Asia, South Asia and Oceania , and Middle East and Africa).

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The answers to the following questions covered in the report are:

  • How will the global fish sauce perform during the forecast period? How big will the market be in terms of value and volume?
  • Which segment will drive the global fish sauce market? Which regional market will show strong growth in the future? What are the reasons?
  • How will the market dynamics change due to the impact of future market opportunities, restraints, and drivers?
  • What are the key strategies adopted by players to sustain themselves in the global fish sauce market?
  • How will these strategies influence market growth and competition?


1. Global Fish Sauce Market – Executive Summary

2. Global Fish Sauce Market Overview

2.1. Introduction

2.1.1. Taxonomy of the global fish sauce market

2.1.2. Global fish sauce market definition

2.2. Global fish sauce market size (US$ million) and forecast, 2017-2032

2.2.1. Annual growth of the global fish sauce market

2.3. Global Fish Sauce Market Dynamics

2.4. Supply Chain

2.5. The cost structure

2.6. Price analysis

2.7. Raw material supply strategy and analysis

Global Fish Sauce Market Analysis and Forecast by Region

  • North America fish sauce market size and forecast, 2017-2032
  • Germany fish sauce market size and forecast, 2017-2032
  • UK fish sauce market size and forecast, 2017-2032
  • France fish sauce market size and forecast, 2017-2032
  • Spanish fish sauce market size and forecast, 2017-2032
  • Japan fish sauce market size and forecast, 2017-2032
  • China fish sauce market size and forecast, 2017-2032
  • Malaysia fish sauce market size and forecast, 2017-2032
  • Thailand fish sauce market size and forecast, 2017-2032
  • Australia fish sauce market size and forecast, 2017-2032

Check out other related studies published by Fact.MR Research:

Market for sauces, condiments and dressings: The global sauces, condiments and dressings market forecast that sales are expected to reach $103.04 Bn in 2021. Although Fact.MR still expects the sauces, condiments, and dressings market to grow, the global ten-year compound annual growth rate (CAGR) remains positive at 5.1%.

Oriental sauces market: Due to the availability of a myriad of convenient packaging options, the market for oriental sauces is set to grow steadily in the future. Virosco, a Russian food company that makes condiments and preservatives, has launched a new packaging design for its Dynasty Shen brand of soy sauce. This new packaged sauce features authentic Japanese dishes such as sesame-coated chicken, fiery beef, and sushi.

Vegan sauces market: The demand for vegan sauces will grow in the coming years, due to the increasing adoption of cruelty-free products. In addition, the prevalence of food allergies to animal products should give impetus to the consumption of vegan sauces.

Marke Low Calorie Peanut Saucet: The upward trend in healthy condiments increases the global demand for low calorie peanut sauce and is expected to remain strong during the forecast period.

fish oil market: The global fish oil market is valued at $2.1 Bnand is expected to experience a significant growth rate at a CAGR of 5.5% to exceed a value of $3.6 Bn by 2031.

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