The global Fish Sauce Market scope was projected at US$ 15.32 billion in 2018. It is expected to reach US$ 19.50 billion by 2025 with a CAGR of 3.51% during the forecast period. This could be attributed to an extensive demand for fish sauce in the form of condiment in various cuisines. Industry manufacturing on the part of fish sauce implies combining fish essence, coloring, preservatives, flavoring, and sweeteners. Vietnam is the largest consumer of fish sauce due to the fact that the Vietnamese believe in nutritional value of conventionally made fish sauces. These sauces are reported to have nitrogen at the highest level. The second largest consumer of fish sauce is China. It is an ingredient for soups and casseroles in Southern China.
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The fish sauce market is segmented on the basis of product, application, distribution channel, price, and geography. By product, the segmentation goes like Southeast Asian, Japanese, Korean, and Western. By price, the market says premium and basic. By application, the fish sauce industry spans domestic use, food industries, restaurants, and others. By distribution channel, it comprises indirect sales and direct sales. Indirect sales could be further segmented into wholesalers, specialty stores, supermarket, hypermarket, online retailers, convenience stores, and others. By geography, it constitutes Asia Pacific, MEA, LATAM, Europe, and North America.
Regional Insights:
Asia Pacific dominates the market due to the reasons mentioned above. Besides, rise in disposable income coupled with urbanization catalyzes the market. In North America, the U.S. is the major contributor. Europe is witnessing growth in demand for dietary supplements and functional foods. 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. Ltd.
Market Segment:
Fish Sauce Product Type Outlook (Revenue, USD Billion, 2015 - 2025)
- Traditional
- Industrial
Fish Sauce Application Outlook (Revenue, USD Billion, 2015 - 2025)
- Domestic/Household
- Foodservice Industry
- Restaurants
Fish Sauce Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Fish Sauce Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Fish Sauce Market
3.7. Market Entry Strategies
Continued…
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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.
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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.
