250 Pages Fish Sauce Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Fish Sauce. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fish Sauce Market across various industries and regions.
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The global demand for fish sauce is projected to expand 1.7x to reach US$ 29.1 Bn by the end of the 2021-2031 assessment period. Preference for traditionally sourced fish sauces is likely to surge, yielding a US$ 180 Mn incremental opportunity. As of 2021, the market is likely to close in at US$ 16.74 Bn.
Market Size (2021) |
US$ 16.74 Bn |
Projected Market Value (2031) |
US$ 29.41 Bn |
Value CAGR (2021-2031) |
5.8% |
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fish Sauce market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fish Sauce
This newly published and insightful report sheds light on Market Insights of Fish Sauce, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fish Sauce Market.
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Key Segments Covered
-
Flavour
- Plain Fish Sauce
- Spiced Fish Sauce
-
Technology
- Traditional Fish Sauce Preparation Method
- Industrial Fish Sauce Preparation Method
-
Distribution Channel
- Fish Sauce Sales via Modern Trade
- Fish Sauce Sales via Convenience Stores
- Fish Sauce Sales via Drug Stores
- Fish Sauce Sales via Traditional Groceries
- Fish Sauce Sales via Online Retailers
- Fish Sauce Sales via Other Distribution Channels
-
Price
- Basic Fish Sauce
- Premium Fish Sauce
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Competitive Landscape
The market for fish sauce is largely dominated by numerous regional level manufacturers, mostly originating from countries across South East Asia. These players offer a broad range of fish sauce products. Some prominent offerings are as follows:
- Masan Consumer Holdings is a prominent fish sauce manufacturer, based in Vietnam. Its product offerings include the Chin-Su Fish Sauce, Chin-Su Nam Ngu and Nam Ngu Fish Sauce respectively. While the first two products are specifically targeted towards premium and high-end consumers, the latter is especially manufactured for mid-tier consumers and those seeking out value for money
- Likewise, Teo Tak Seng Fish Factory Co. Ltd. offers its trademark silver pomfret sauce, made from fresh anchovies and salt. With its robust flavor, the sauce is not only ideal for stir-frying, but also as a tasty dip for various foods
6 Forecast Highlights on Global Fish Sauce Market
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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Key Question answered in the survey of Fish Sauce market report:
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More Valuable Insights on Fish Sauce Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Fish Sauce, Sales and Demand of Fish Sauce, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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