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Allied Market Research

Fish Sauce Market Type (Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce, Others) Nature (Conventional, Premium) Distribution Channel (Retailers, E-commerce, Hypermarkets, Others) Industry Vertical (Food & Beverages, Household, Hotels & Restaurants, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A06692
Pages: NA
Dec 2020 | 423 Views
 
Author(s) : NA
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Fish sauce is an important cooking ingredient in South and East Asia. It is a smelly brown liquid obtained by fermenting fish and salt to provide flavor in cooking Thai cuisines. Basic fish sauce ingredients are fish preservatives, essence, coloring, sweeteners, and flavoring substance, which are used for industrial fish sauces. Vietnam consumes maximum fish sauce in the world, which makes it one of the biggest markets in Asia-Pacific. In addition, traditional fish sauce is preferred by most of the people in Asian countries because of the high nutrition. Traditional fish sauce is consumed by people around the world because of the associated health benefits. 

Market scope and structure analysis:

                  Report Metric

                                                 Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Nature, Distribution Channel, Industry Vertical, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Tang Sang Ha Company Limited, Thai Fish Sauce Factory (Squid Brand) Co., Ltd, Thaipreeda Group, TeoTak Sauce Factory Co. Ltd, Rayong Fish Sauce Industry Co., Viet Phu, Inc, Fish Marine Resources Development Co., Ltd., Rungroj Fish Sauce Co., Ltd., Pichai Fish Sauce Co. Ltd., Ltd. and Halcyon Proteins

 

COVID-19 Scenario Analysis: 

  • The global fish sauce market has seen high demand during the lockdown as more people are conscious of their food habits and piled up fish sauces in grocery.
  • There is unavailability of raw materials as the fish producing countries are unable to transport raw materials to the manufacturers. 

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Fish sauces are used as seasonings in many parts of the world and have become a common table ingredient worldwide. The increase in non-vegetarian eaters due to the health benefits of non-veg food and the offering of traditional fish sauces in different packages, flavors, and prices to cater to different tastes all over the world drive the market growth. In addition, nutrition content in fish & fish sauces are highly beneficial for the human body. However, the availability of cheap substitutes, high manufacturing cost, and health-related issues like allergies due to the consumption of fish limit the growth of the global fish sauce market. Market players are trying to innovate new fish sauces in traditional methods to provide all the nutrients of fish without adding preservatives and other ingredients.

The global fish sauce market trends are as follows:

New product launches to flourish the market

The fish sauce market has high potential players who are continuously innovating the market to manufacture better fish sauce with natural ingredients. Red Boat has introduced gluten-free premium fish sauce line up, which is made from only two components fish and sea salt. The line up does not have wheat and is gluten-free with no MSG added and other artificial ingredients. In addition, the fish sauce from Red Boat comes with 3 years expiry from the date of manufacturing without any added harmful preservatives. 

Surge in usage as a seasoning

Manufacturers have been trying to infuse more product in the fish sauce line up as people all over the world are using as a seasoning in different food. With the change in eating habits of people and fish sauce being more prominent in the dining table beside salt the market leaders are producing sauces that can be directly used in food. Customers are more sensitive toward genuine products and are ready to pay high prices. This increases the demand for premium fish sauces globally. 

Key Segments Covered:

                   Segments

                                 Sub-segments

  Type

  • Korean Fish Sauce
  • Japanese Fish Sauce
  • Southeast Asian Fish Sauce
  • Western Fish Sauce
  • Others

  Nature

  • Conventional
  • Premium

  Distribution Channel

  • Retailers
  • E-commerce
  • Hyper Markets
  • Others

  Industry Vertical

  • Food & Beverages
  • Household
  • Hotels & Restaurants
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global fish sauce industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fish sauce market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fish sauce market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global fish sauce market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Fish Sauce Market Research Report:

  • What are the leading market players active in the fish sauce market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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