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), By Region - Trends, Analysis and Forecast till 2030

Fish Sauce Market accounted for USD 15.8 Billion in 2020 and is estimated to be USD 22.80 Billion by 2030 and is anticipated to register a CAGR of 3.8%.

Fish sauce is a liquid condiment product that can be made from various fish raw materials which are not normally used for food. Fish sauce is mixture of amino acids and other protein degradation products. Capelin is a raw material harvested during the summer season suitable due to higher proteolytic activity. Fish sauce is developed microbiologically with halophilic bacteria which are responsible for flavor and aroma. Fish sauce is added during the cooking process and used as a base for dipping condiment. It is made up of salted anchovies or other fish that have been fermented for up to 2 years. It is commonly used in Southeast Asian cooking for flavoring many dishes such as pad thai, pho, green papaya salad and stir-fries. A little fish sauce can boost salty, savory flavor in sauteed greens, pastas, roast chicken, or broths. One of the advantage of fish sauce is that it is composed of high amount of essential amino acids that support sleep and reduce anorexia. Amino acids also helps in boosting digestive system and metabolism.

Rising health benefits of fish sauce

Increasing health benefits regarding consumption of fish is key factor driving fish sauce market. In addition, rising adoption of protein-rich diet across the globe in turns fuels growth of the target market. Furthermore, growing utilization of fish sauce as a dipping sauce is augmenting growth of the  fish sauce market. Moreover, increasing popularity regarding fish sauce in restaurant is expected to propel the fish sauce market over the forecast period. Manufacturers are offering new fish sauce products in different bottle sizes and varying prices to appeal to a wider customer base expected to promote growth of the target market in the near future.

However, adverse health effects caused due to addition of harmful artificial preservatives in fish sauce and absence of nutritional content in the chemically fermented fish sauce are restraining growth of the fish sauce market.

Fish sauce is segmented based on product type, application, distribution channel and region.

On the basis of product type, the fish sauce is segmented into korean fish sauce, japanese fish sauce, southeast asian fish sauce, western fish sauce, and others (thai fish sauce). On basis of application, the fish sauce market is bifurcated into domestic use, restaurants, and food industries. On the basis of distribution, the target market is divided into supermarket and hypermarket, convenience stores, specialty stores, and online retailers.

Regional Insights:

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%. On region the fish sauce is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific market is expected to account for largest market share in terms of revenue share in the fish sauce market as compared to that of other regions over the forecast period. This is attributed to increasing consumption of fish sauce in countries of the region. The 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. This is owing to rising demand for fish sauce in countries of region. The market in Europe is expected to show significant growth in terms of revenue in the fish sauce market over the forecast period.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the fish sauce report based on product type, application, distribution channel and region.

Fish Sauce, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

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

Nestle S.A.:

Nestle had introduced its Maggi Sauce products in Viet Nam. It is also its first entry in the fish sauce market.

• Tang Sang Ha Company Limited
• Thaipreeda Group
• TeoTak Sauce Factory Co.
• Viet Phu, Inc
• Masan Group Corporation
• Thai Fish Sauce Factory (Squid Brand) Co., Ltd
• Thai Taste
• Fish Marine Resources Development Co., Ltd
• Nestlé S.A.
• Rungroj Fish Sauce Co., Ltd
• Pichai Fish Sauce Co. Ltd.