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Fish Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global fish sauce market reached a value of US$ 15.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 18.93 Billion by 2027, exhibiting a CAGR of 3.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, composition, distribution channel and industry vertical.

Breakup by Type:

 

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Composition, Distribution Channel, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global fish sauce market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global fish sauce market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the composition?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the industry vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global fish sauce market and who are the key players?
  • What is the degree of competition in the industry?

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

List of Figures

Figure 1: Global: Fish Sauce Market: Major Drivers and Challenges
Figure 2: Global: Fish Sauce Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Fish Sauce Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Fish Sauce Market: Breakup by Type (in %), 2021
Figure 5: Global: Fish Sauce Market: Breakup by Composition (in %), 2021
Figure 6: Global: Fish Sauce Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Fish Sauce Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Fish Sauce Market: Breakup by Region (in %), 2021
Figure 9: Global: Fish Sauce (Korean Fish Sauce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Fish Sauce (Korean Fish Sauce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Fish Sauce (Japanese Fish Sauce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Fish Sauce (Japanese Fish Sauce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Fish Sauce (Southeast Asian Fish Sauce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Fish Sauce (Southeast Asian Fish Sauce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Fish Sauce (Western Fish Sauce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Fish Sauce (Western Fish Sauce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Fish Sauce (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Fish Sauce (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Fish Sauce (Basic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Fish Sauce (Basic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Fish Sauce (Premium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Fish Sauce (Premium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Fish Sauce (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Fish Sauce (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Fish Sauce (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Fish Sauce (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Fish Sauce (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Fish Sauce (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Fish Sauce (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Fish Sauce (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Fish Sauce (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Fish Sauce (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Fish Sauce (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Fish Sauce (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Fish Sauce (Household) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Fish Sauce (Household) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Fish Sauce (Hotels and Restaurants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Fish Sauce (Hotels and Restaurants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Fish Sauce (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Fish Sauce (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Fish Sauce Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Fish Sauce Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Fish Sauce Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Fish Sauce Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Fish Sauce Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Fish Sauce Market Forecast: Breakup by Composition (in Million US$), 2022-2027
Table 4: Global: Fish Sauce Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Fish Sauce Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Fish Sauce Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Fish Sauce Market: Competitive Structure
Table 8: Global: Fish Sauce Market: Key Players


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