Fish Sauce Market Expected to Witness Rapid Expansion by the End of 2022
Made using fermented fish and salt, fish sauce is rich in minerals, proteins, and vitamins. Fish sauce is being used in cooking for enhancing the flavor and is also being used as a dip. Meanwhile, manufacturers are also producing fish sauce with variety of flavors. Fish sauce is also being widely used as a substitute for soy sauce as it provides various health benefits. With the people becoming more health-conscious, manufacturers are moving towards natural fermentation process using sea salt and anchovies, retaining its nutrient content. This report, published by Fact.MR, provides in-depth analysis of the global fish sauce market for the forecast period 2017-2022, and offers key insights about future market direction.
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Scope
The scope of Fact.MR’s report is to analyze the global fish sauce market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Fish sauce manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to fish sauce.
In order to offer readers with up-to-date information about the latest advancements in the global fish sauce market, the report provides updates about market opportunities, which can benefit leading manufacturers of fish sauce. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for fish sauce manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the broad scope of the global fish sauce market, the report provides in-depth and segment-wise analysis. The global market for fish sauce is segmented into flavor, technology, distribution channel, price, and region. This segment-wise analysis also provides detailed country-wise forecast on all the major parameters of the market.
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Forecast Highlights on Global Fish Sauce Market
1- Asia Pacific Excluding Japan (APEJ) is expected to dominate the global fish sauce market. By the end of 2017, APEJ fish sauce market is estimated to account for nearly half of the revenue share on global revenue. Various countries in APEJ such as Vietnam, China, and Indonesia are some of the biggest markets for the fish sauce as it is one of the staple ingredients used in various cuisine in these countries.
2- Europe is also expected to witness above-average growth in the fish sauce market. Europe fish sauce market is estimated to reach nearly US$ 300 million revenue by the end of 2022.
3- Plain fish sauce flavor is expected to be one of the highly preferred fish sauce flavor. Accounting for more than half of the revenue share by the end of 2017, plain fish sauce flavor is estimated to create an incremental opportunity of more than US$ 100 million between 2017 and 2022.
4- Compared to the traditional method of producing fish sauce, an industrial method is expected to emerge as the widely used method of producing a fish sauce. By the end of 2022, an industrial method is estimated to reach nearly US$ 1,000 million revenue. Meanwhile, the traditional method is also expected to witness above-average growth.
5- Sales of fish sauce is expected to be highest through modern trade. Modern trade as a distribution channel is estimated to create an incremental opportunity of nearly US$ 100 million between 2017 and 2022.
6- The basic fish sauce is expected to account for maximum revenue share by the end of 2017. The basic fish sauce is estimated to surpass US$ 800 million revenue by the end of 2022.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global fish sauce market through 2022, which include TANG SANG HAH CO., Ltd, Masan Consumer Corporation, Thai Preeda Group, Shantou Fish Sauce Factory Co., Ltd, Teo Tak Seng Fish-Sauce Factory Co. Ltd, Thai Fishsauce Factory (Squid Brand) Company Limited, Rayong Fish Sauce Industry Co., Ltd, Pichai Fish Sauce Co., Ltd, Halcyon Proteins Pty., Ltd, and Hung Thanh Co.LTD.
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