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Global Fish Sauce Market: About this market
The fish sauce market analysis considers sales from both industrial and traditional fish sauce. The analysis also considers the sales of fish sauce in APAC, Europe, North America, South America, and MEA. In 2018, the industrial fish sauce segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as convenience in the use of industrial sauce compared to the traditional fish sauce will play a significant role in the industrial fish sauce segment to maintain its market position. Also, the global fish sauce market report looks at factors such as new product launches, increasing global fish production, and wide application of fish sauce. However, increasing fish allergy among consumers, availability of substitutes, and declining krill population may hamper the growth of the fish sauce industry over the forecast period.
Global Fish Sauce Market: Overview
Wide application of fish sauce
Fish sauce is used for cooking a variety of dishes. It helps in adding savory flavor to food products and is used to prepare dishes such as grilled chicken, pasta sauce, and salad dressings. The increase in the number of people that prefer to cook at home than dine out will also drive market growth during the forecast period. The cost-conscious consumers have reduced their restaurant visits and expenditure on food products at food-service outlets. Thus, the wide applications of fish sauce will lead to the expansion of the global fish sauce market at a CAGR of over 5% during the forecast period.
Production of fish sauce from fish waste
Fish waste includes a mixture of its head, viscera, scale, skin, caudal fin, and bone. The wastage of fish is increasing globally. Such fish waste can be effectively reduced by using it for preparing by-products such as fish feed and fish sauce. The use of fish waste to produce fish sauce will help in better utilization of fish. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global fish sauce market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fish sauce manufacturers, that include Masan Group Corp., Pichai Fish Sauce Co. Ltd., Rayong Fish Sauce Industry Co. Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd. Unilever Group.
Also, the fish sauce market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The fish sauce market analysis considers sales from both industrial and traditional fish sauce. The analysis also considers the sales of fish sauce in APAC, Europe, North America, South America, and MEA. In 2018, the industrial fish sauce segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as convenience in the use of industrial sauce compared to the traditional fish sauce will play a significant role in the industrial fish sauce segment to maintain its market position. Also, the global fish sauce market report looks at factors such as new product launches, increasing global fish production, and wide application of fish sauce. However, increasing fish allergy among consumers, availability of substitutes, and declining krill population may hamper the growth of the fish sauce industry over the forecast period.
Global Fish Sauce Market: Overview
Wide application of fish sauce
Fish sauce is used for cooking a variety of dishes. It helps in adding savory flavor to food products and is used to prepare dishes such as grilled chicken, pasta sauce, and salad dressings. The increase in the number of people that prefer to cook at home than dine out will also drive market growth during the forecast period. The cost-conscious consumers have reduced their restaurant visits and expenditure on food products at food-service outlets. Thus, the wide applications of fish sauce will lead to the expansion of the global fish sauce market at a CAGR of over 5% during the forecast period.
Production of fish sauce from fish waste
Fish waste includes a mixture of its head, viscera, scale, skin, caudal fin, and bone. The wastage of fish is increasing globally. Such fish waste can be effectively reduced by using it for preparing by-products such as fish feed and fish sauce. The use of fish waste to produce fish sauce will help in better utilization of fish. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global fish sauce market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fish sauce manufacturers, that include Masan Group Corp., Pichai Fish Sauce Co. Ltd., Rayong Fish Sauce Industry Co. Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd. Unilever Group.
Also, the fish sauce market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 14: About the Author
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
The following companies are recognised as the key players in the global fish sauce market: Masan Group Corp., Pichai Fish Sauce Co. Ltd., Rayong Fish Sauce Industry Co. Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd. Unilever Group.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the production of fish sauce from fish waste.”
According to the report, one of the major drivers for this market is the wide application of fish sauce.
Further, the report states that one of the major factors hindering the growth of this market is the increasing fish allergy among consumers.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the production of fish sauce from fish waste.”
According to the report, one of the major drivers for this market is the wide application of fish sauce.
Further, the report states that one of the major factors hindering the growth of this market is the increasing fish allergy among consumers.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Masan Group Corp.
- Pichai Fish Sauce Co. Ltd.
- Rayong Fish Sauce Industry Co. Ltd.
- Thai Fishsauce Factory (Squid Brand) Co. Ltd.
- Unilever Group.
Note: Product cover images may vary from those shown
