Fish Sauce Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022

Published on : Oct-2017 | List of Tables : 287 | List of Figures : 87 | No. of Pages : 170 | Report Code : FACT299MR |

The fish sauce is a pungent condiment made using fermented fish and salt. The fermentation process takes place where the fishes are placed in a container with salt and are kept for several days and months to ferment. After this, the fermentation results in the light brown liquid. This fish sauce includes various nutrients and vitamins as it uses whole fish and is undiluted. Meanwhile, the chemically fermented fish sauce loses its nutritional value. Fish sauce is largely used as an ingredient in different cuisines to enhance the taste and is also consumed as a dip.

To improve the flavor of the food, people are replacing soy sauce with fish sauce. Manufacturers are also making a fish sauce that leads to reduced sodium intake, thereby offering the healthy product. Moreover, shifting trend towards natural food products is also resulting in the growth of the customers opting for the quality product that has been made using the natural process of fermentation without adding any chemicals. Also, a fish sauce made using natural process last for a long time.

According to the latest report by Fact.MR, the global fish sauce market is likely to experience steady growth. The market is projected to reach US$ 1,316.5 million revenue by 2022 end. Consumer demand for fish sauce will continue to grow due to the various health benefits offered by fish sauce and it also boosts the taste of the food. Increasing health-consciousness among the consumers, manufacturers are making a fish sauce by fermenting the fish using natural ingredients such as salt and water. 

Global Fish Sauce Market.jpg

Market Taxonomy

Flavour

Technology

Distribution Channel

Price

Plain

Traditional method

Modern Trade

Basic

Spiced

Industrial method

Convenience Stores

Premium

   

Drug Stores

 
   

Traditional Groceries

 
   

Online Retailers

 
   

Others

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Plain Fish Sauce- Highly Preferred Flavor

Compared to the spiced fish sauce, the plain fish sauce is likely to gain maximum revenue share by 2017 end. The plain fish sauce is projected to exceed US$ 800 million revenue towards 2022 end. On the other hand, the spiced fish sauce is also likely to experience moderate growth throughout the forecast period.

Industrial Method to Gain Maximum Revenue Share

Industrial method is likely to be one of the most preferred methods for producing a fish sauce. Industrial method is projected to create more than US$ 200 million incremental opportunity during 2017-2022.

Highest Distribution through Modern Trade Channel

Among various distribution channels in the global fish sauce market, modern trade is likely to be the biggest distribution channel during 2017-2022. By 2022 end, modern trade is projected to exceed US$ 400 million revenue.

Basic fish Sauce to Account for More Than Half of the Revenue Share

The basic fish sauce is projected to create more than US$ 100 million incremental opportunity between 2017 and 2022. Although the premium fish sauce is also likely to experience significant growth throughout the forecast period.

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.

NoteThe insights mentioned here are of the respective analysts, and do not reflect the position of Fact.M

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.

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.

Summary

The report commences with a brief information of the global fish sauce market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global fish sauce market.

Overview

The next section offers an overview of the global fish sauce market. This comprises an introduction to the market, along with a standard definition of the product – fish sauce. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

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.

The report’s last section comprises of the global fish sauce market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global fish sauce market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Fish Sauce Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022