The global fish sauce market size is expected to reach USD 19.50 billion by 2025, registering a CAGR of 3.51%, as per a new report by Grand View Research, Inc. Fish sauce contains a variety of vital nutrients and minerals such as vitamins A, vitamin D, and iodine. Rising cases of thyroid problems and other lifestyle-related disorders have led to an augmented demand for fish across the globe, thereby fueling the market growth.
Fish sauce is popularly used as an alternative to soy sauce in numerous countries since it has greater health benefits. Furthermore, it is used as an ingredient for soups and casseroles, which is supporting its demand. Also, industry players are using natural fermentation processes with the addition of sea salt and anchovies to supplement the product’s nutritional value. This is likely to contribute to the market growth.
Fish sauce is recognized as a staple ingredient in several cuisines, which will spur the demand in the forthcoming years. Moreover, print advertisements and social media have played a big role in creating product awareness among the masses, thereby supporting the overall market growth. The U.S. is the largest consumer and North America is anticipated to be the dominant regional market during the forecast period.
Fish Sauce Market Report Highlights
Amidst the global
Covid-19 pandemic crisis and the lockdown imposed across nations, the consumer food market including fish sauce industry has first witnessed enormous demand for healthy food items, household staples, and consumables with longer shelf live
Traditional fish sauce is set to emerge as the fastest growing segment during the forecast period and are available in a combination of flavors, preservatives, fish essence, sweeteners, and coloring
In terms of revenue, the restaurants application segment will lead the global market, exhibiting a staggering CAGR of 3.6% from 2019 to 2025. This is attributed to the increasing number of food chains and rising popularity of dining in
North America is projected to account for the highest revenue share as there is an exponential market product demand from cafes and restaurants. The Central & South America market is projected to expand at the fastest CAGR of 3.8% by 2025
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Fish Sauce Market Segmentation
Grand View Research has segmented the global fish sauce market on the basis of product type, application, and region:
Fish Sauce Product Type Outlook (Revenue, USD Billion, 2015 – 2025)
Fish Sauce Application Outlook (Revenue, USD Billion, 2015 – 2025)
Fish Sauce Regional Outlook (Revenue, USD Billion, 2015 – 2025)
Central & South America
Middle East & Africa
List of Key Players of Fish Sauce Market
Teo Tak Seng Fish-Sauce Factory Co. Ltd.
Pichai Fish Sauce Co.
Masan Consumer Corp.
Rayong Fish Sauce Industry Co. Ltd.
Shantou Fish Sauce Factory Co.
Tang Sang Hah Co. Ltd.
Thai Fishsauce Factory (Squid Brand) Co. Ltd.
Fish Sauce Co. Ltd.
Halcyon Proteins Pty. Ltd.
Hung Thanh Co. Ltd.
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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