The Fish Sauce Global Market Report 2023, provides comprehensive information on the fish sauce market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Fish Sauce Global Market Report 2023, the global fish sauce market size is expected to grow from $15.94 billion in 2022 to $17.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fish sauce market size is expected to reach $22.22 billion in 2027 at a CAGR of 6.6%.
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Product innovation is a popular trend in the fish sauce market. Innovations such as modern conventional fish sauces are being introduced using modern production methods and high-quality ingredients. It has helped to popularize the use of fish sauce in non-traditional dishes and cuisines. For instance, in January 2022, Sozye, a UK-based sauce maker company, introduced its plant-based fish sauces named as nish, noyster, and noya. These sauces are environmentally friendly and suitable for non-traditional dishes.
The fish sauce market is segmented:
1) By Product Type: Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce
2) By Flavour: Plain, Spiced
3) By Price: Basic, Premium
4) By Distribution Channel: Supermarket And Hypermarket, Convenience Stores, Specialty Stores, Online Retailers
5) By Application: Domestic Use, Restaurants, Food Industries
North America was the largest region in the fish sauce market in 2022.
The table of contents in TBRC’s fish sauce market report includes:
- Executive Summary
- Fish Sauce Market Characteristics
- Fish Sauce Market Trends And Strategies
- Fish Sauce Market – Macro Economic Scenario
- Fish Sauce Market Size And Growth
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- Africa Fish Sauce Market
- Fish Sauce Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Fish Sauce Market
- Fish Sauce Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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