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Report
Fish Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 143 Pages I IMARC Group
Market Overview:
The global fish sauce market size reached US$ 15.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Fish sauce is a brown liquid condiment produced by fermenting small fish with a considerable amount of salt. It is a rich source of iron, omega-3, vitamins and amino acids, which help improve appetite, control blood sugar levels and increase calcium absorption. It also assists in the hematopoiesis process, keeping a stable nervous system and supporting cell multiplication. As a result, it is extensively used as a seasoning and a dipping sauce in numerous staple dishes to give a meaty aroma and flavor.
Global Fish Sauce Market Trends:
Presently, there is a rise in the adoption of high nutritional food and condiments in regular diets on account of the growing health consciousness among individuals. This, along with the increasing utilization of fish sauce due to the surging cases of thyroid-related problems around the world, represents one of the key factors propelling the growth of the market. In addition, there is an increase in the popularity of Asian cuisine as it encompasses a healthy balance between meat and vegetables. This, coupled with the burgeoning food and beverage (F&B) industry, is catalyzing the demand for fish sauce worldwide. Besides this, the rising awareness among the masses about the benefits of fish sauce is offering lucrative growth opportunities to industry investors. Apart from this, its wide availability through online and offline distribution channels is positively influencing the market. Additionally, the escalating demand for fortified product variant to maintain healthy micronutrient levels in the body is bolstering the growth of the market. Key market players are also investing in improving the packaging to increase their overall sales. In line with this, they are significantly financing advertisement campaigns to generate brand awareness, which is projected to impel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fish sauce market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, composition, distribution channel and industry vertical.
Breakup by Type:
Korean Fish Sauce
Japanese Fish Sauce
Southeast Asian Fish Sauce
Western Fish Sauce
Others
Breakup by Composition:
Basic
Premium
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others
Breakup by Industry Vertical:
Food and Beverages
Household
Hotels and Restaurants
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Halcyon Proteins Pty Ltd., Masan Group, Pichai Fish Sauce Co. Ltd., Rayong Fish Sauce Industry Co. Ltd., Red Boat Fish Sauce, Rungroj Fish Sauce Co. Ltd., Teo Tak Seng Fish Sauce Factory Co. Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd., Thaipreeda Group and Unilever plc.
Key Questions Answered in This Report:
What was the size of the global fish sauce market in 2022?
What is the expected growth rate of the global fish sauce market during 2023-2028?
What are the key factors driving the global fish sauce market?
What has been the impact of COVID-19 on the global fish sauce market?
What is the breakup of the global fish sauce market based on the distribution channel?
What is the breakup of the global fish sauce market based on the industry vertical?
What are the key regions in the global fish sauce market?
Who are the key players/companies in the global fish sauce market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fish Sauce Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Korean Fish Sauce
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Japanese Fish Sauce
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Southeast Asian Fish Sauce
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Western Fish Sauce
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Composition
7.1 Basic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Premium
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Convenience Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 Food and Beverages
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Household
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Hotels and Restaurants
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Halcyon Proteins Pty Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Masan Group
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Pichai Fish Sauce Co. Ltd.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Rayong Fish Sauce Industry Co. Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Red Boat Fish Sauce
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Rungroj Fish Sauce Co. Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Teo Tak Seng Fish Sauce Factory Co. Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Thai Fishsauce Factory (Squid Brand) Co. Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Thaipreeda Group
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Unilever plc
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
Figure 1: Global: Fish Sauce Market: Major Drivers and Challenges
Figure 2: Global: Fish Sauce Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Fish Sauce Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Fish Sauce Market: Breakup by Type (in %), 2022
Figure 5: Global: Fish Sauce Market: Breakup by Composition (in %), 2022
Figure 6: Global: Fish Sauce Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Fish Sauce Market: Breakup by Industry Vertical (in %), 2022
Figure 8: Global: Fish Sauce Market: Breakup by Region (in %), 2022
Figure 9: Global: Fish Sauce (Korean Fish Sauce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Fish Sauce (Korean Fish Sauce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Fish Sauce (Japanese Fish Sauce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Fish Sauce (Japanese Fish Sauce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Fish Sauce (Southeast Asian Fish Sauce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Fish Sauce (Southeast Asian Fish Sauce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Fish Sauce (Western Fish Sauce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Fish Sauce (Western Fish Sauce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Fish Sauce (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Fish Sauce (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Fish Sauce (Basic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Fish Sauce (Basic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Fish Sauce (Premium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Fish Sauce (Premium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Fish Sauce (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Fish Sauce (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Fish Sauce (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Fish Sauce (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Fish Sauce (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Fish Sauce (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Fish Sauce (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Fish Sauce (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Fish Sauce (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Fish Sauce (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Fish Sauce (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Fish Sauce (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Fish Sauce (Household) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Fish Sauce (Household) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Fish Sauce (Hotels and Restaurants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Fish Sauce (Hotels and Restaurants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Fish Sauce (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Fish Sauce (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: North America: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: United States: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: United States: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Canada: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Canada: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Asia-Pacific: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Asia-Pacific: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: China: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: China: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Japan: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Japan: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: South Korea: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: South Korea: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Australia: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Australia: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Indonesia: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Indonesia: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Europe: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Europe: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Germany: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Germany: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: France: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: France: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: United Kingdom: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: United Kingdom: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Italy: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Italy: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Spain: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Spain: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Russia: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Russia: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Latin America: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Brazil: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Brazil: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Mexico: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Mexico: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Middle East and Africa: Fish Sauce Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Middle East and Africa: Fish Sauce Market: Breakup by Country (in %), 2022
Figure 89: Middle East and Africa: Fish Sauce Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Global: Fish Sauce Industry: SWOT Analysis
Figure 91: Global: Fish Sauce Industry: Value Chain Analysis
Figure 92: Global: Fish Sauce Industry: Porter's Five Forces Analysis
Table 1: Global: Fish Sauce Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fish Sauce Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Fish Sauce Market Forecast: Breakup by Composition (in Million US$), 2023-2028
Table 4: Global: Fish Sauce Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Fish Sauce Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 6: Global: Fish Sauce Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Fish Sauce Market: Competitive Structure
Table 8: Global: Fish Sauce Market: Key Players
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