Fish Sauce Market worth US$ 22.80 billion by 2030 with a CAGR of 3.8%

Fish sauce market is expected to register moderate growth over the forecast period. This is attributed to increasing health benefits regarding consumption of fish. Furthermore, rising adoption of protein-rich diet across the globe drives growth of the fish sauce market. Fish sauce market accounted for US$ 15.8 billion in 2020 and is estimated to be US$ 22.80 billion by 2030 and is anticipated to register a CAGR of 3.8%.

The report "Fish Sauce Market, By Product Type (Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce, and Others (Thai Fish Sauce and Vietnamese Fish Sauce)), By Application (Domestic Use, Restaurants, and Food Industries), By Distribution Channel (Supermarket And Hypermarket, Convenience Stores, Specialty Stores, and Online Retailers), and Region - Forecast to 2030"

Key Highlights:

• In February 2018, Thai Taste launched vegetarian fish sauce made from seaweed.
• On October 2016, Masan Group Corporation introduced Vietnamese fish sauce to Thai market.

Key Market Insights from the report:          

Fish sauce market accounted for US$ 15.8 billion in 2020 and is estimated to be US$ 22.80 billion by 2030 and is anticipated to register a CAGR of 3.8%. The market report has been segmented on the basis of product type, application, distribution channel, and region.

• By product type, the fish sauce market is categorized into korean fish sauce, japanese fish sauce, southeast asian fish sauce, western fish sauce, and others. Others product type sub-segment is categorized into thai fish sauce, and vietnamese fish sauce.
• By application, the fish sauce market is bifurcated into domestic use, restaurants, and food industries
• By distribution channel, the fish sauce market is segmented into supermarket and hypermarket, convenience stores, specialty stores, and online retailers.
• By region, Asia Pacific fish sauce market is accounted for major revenue share of the fish sauce market and is further anticipated to maintain its dominance over the forecast period, owing to increasing consumption of fish sauce in countries such as China, Japan, and Vietnam of the region. North America fish sauce market is expected to account for a second-highest share in the market in terms of revenue over the forecast period, in 2018.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Fish Sauce Market”, By Product Type (Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce, and Others (Thai Fish Sauce and Vietnamese Fish Sauce)), By Application (Domestic Use, Restaurants, and Food Industries), By Distribution Channel (Supermarket And Hypermarket, Convenience Stores, Specialty Stores, and Online Retailers), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2030

The prominent player operating in the fish sauce market includes Tang Sang Ha Company Limited, Thaipreeda Group, TeoTak Sauce Factory Co., Ltd, Viet Phu, Inc, Thai Fish Sauce Factory (Squid Brand) Co., Ltd, Nestlé S.A., Thai Taste, Fish Marine Resources Development Co., Ltd., and Rungroj Fish Sauce Co., Ltd.

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