Global Fish Sauce Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Fish Sauce Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Industrial, and Traditional), Composition (Mass, and Premium), End-User (Food Manufacturers, Retail, and Food Service), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Fish Sauce Market was valued at USD 13,032.3 million in 2023 and is expected to reach USD 20,460.1 million by 2031 while growing at a CAGR of 5.8% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global fish sauce market growth. Fish sauce, a liquid condiment made from fermented fish, salt, and sometimes additional ingredients, is a staple in Southeast Asian and East Asian cuisines. The production process involves fermenting small, oily fish like anchovies with salt for an extended period, resulting in a unique umami flavor contribution to dishes.
Increasing consumer awareness of Asian cuisine, culinary diversity, and globalization is driving the growth of the fish sauce market. However, obstacles like price volatility of raw materials and sustainability concerns may impede market expansion.
Furthermore, the global fish sauce industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Type Analysis
The Global Fish Sauce Market is segmented among Industrial, and Traditional, based on Product Type. In 2023, Traditional accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Composition Analysis
The Global Fish Sauce Market is segmented among Mass, and Premium, based on Composition. In 2023, Mass accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Fish Sauce Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Viet Phu Inc. (Red Boat Fish Sauce), Thai Fishsauce Factory (Squid Brand) Co. Ltd, Unilever PLC, Masan Group, Rayong Fish Sauce Industry Co. Ltd, Rungroj Fish Sauce Co. Ltd, Pichai Fish Sauce Co. Ltd, Tang Sang Ha Co., Sozye, and Thanh Hung Co., Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Fish Sauce Market Dynamics
Drivers
Restraints
Opportunity
4. Global Fish Sauce Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Fish Sauce Market Segmentation, By Product Type
Global Fish Sauce Market Share Analysis, By Product Type
Global Fish Sauce Market Growth Analysis, By Product Type
Global Fish Sauce Market Trends, By Product Type
o Industrial
o Traditional
6. Global Fish Sauce Market Segmentation, By Composition
Global Fish Sauce Market Share Analysis, By Composition
Global Fish Sauce Market Growth Analysis, By Composition
Global Fish Sauce Market Trends, By Composition
o Mass
o Premium
7. Global Fish Sauce Market Segmentation, By End-user
Global Fish Sauce Market Share Analysis, By End-user
Global Fish Sauce Market Growth Analysis, By End-user
Global Fish Sauce Market Trends, By End-user
o Food Manufacturers
o Retail
o Food Service
8. Global Fish Sauce Market Segmentation, By Region
Global Fish Sauce Market Share Analysis, By Region
Global Fish Sauce Market Growth Analysis, By Region
Global Fish Sauce Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Viet Phu Inc. (Red Boat Fish Sauce)*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Thai Fishsauce Factory (Squid Brand) Co. Ltd
Unilever PLC
Masan Group
Rayong Fish Sauce Industry Co. Ltd
Rungroj Fish Sauce Co. Ltd
Pichai Fish Sauce Co. Ltd
Tang Sang Ha Co.
Sozye
Thanh Hung Co., Ltd
*Similar analysis will be provided for each company listed above.