Global Fish Sauce Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global fish sauce market in its upcoming report titled, “Global Fish Sauce Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global fish sauce market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fish sauce market report has been segmented on the basis of product type, application, distribution channel, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Fish sauce is a liquid made using fish and salt. The fish sauce is extracted from the mixture of fermented fish-and-salt. For preparation of fish sauce, salt coated fish is fermented for a few weeks up to two years. It has a pungent smell and salty taste. Fish sauce is used as dipping sauce or as seasoning. It is used in many traditional Asian cuisines. Different types of fishes are used to prepare fish sauce. In southeast Asia fish sauce is made using anchovies, water, salt and instant flavoring to enhance the taste. Preparation method of fish sauce varies from region to region.

Growing awareness regarding healthy food boost the demand of fish sauce and drives the growth of the global market. Increasing demand for fish sauces to enhance taste and flavor of cuisines is another factor fueling growth of the target market. Increasing adoption of high nutritional food in regular diet and rising use of fish sauce as dipping sauce for a variety of dishes, propelling the growth of the global fish sauce market. The rising popularity of Asian cuisines and increasing number of Asian food restaurants globally, anticipated to propel the demand of fish sauce and drive the growth of the global fish sauce market.

However, adverse health effects caused by the presence of harmful artificial preservatives in fish sauce and lack of nutritional content in the chemically fermented fish sauce are major factors may hamper the demand and restrain the growth of the global market.

Availability of fish sauce made by traditional process using natural preservatives can create higher revenue opportunities for target players in the market.

The market in Asia Pacific accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to large consumption of fish sauce regionally especially in China, Japan, Korea, Vietnam, etc. The market in North America is expected to account for a second-highest share in the market in terms of revenue over the forecast period, owing to increasing demand for fish sauce in the region. The market in Europe is also expected to show a lucrative growth, owing to increasing demand for fish sauce as a dietary supplement among individuals in this region.

Global Fish Sauce Market Segmentation:

Segmentation by product type:

• Korean fish sauce
• Japanese fish sauce
• Southeast Asian fish sauce
• Western fish sauce
• Others (Thai fish sauce, Vietnamese fish sauce, etc.)

Segmentation by application:

• Domestic use
• Restaurants
• Food industries

Segmentation by distribution channel:

• Supermarket and hypermarket
• Convenience stores
• Specialty stores
• Online retailers

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa