USD 2.05 Billion
Report ID:
SQMIG30I2413 |
Region:
Global |
Published Date: January, 2025
Pages:
187
|Tables:
90
|Figures:
66
Global Fish Sauce Market size was valued at USD 2.05 Billion in 2023 and is poised to grow from USD 2.15 Billion in 2024 to USD 3.21 Billion by 2032, at a CAGR of 5.1% during the forecast period (2025-2032).
Surge in popularity and demand for Asia cuisine in different parts of the world owing to globalization is slated to primarily drive sales of fish sauce in the future. Rising adoption of fish sauce in fusion cooking and growing popularity of fusion foods are also slated to offer new business scope for fish sauce vendors in the long run. The increasing number of people opting for home cooking and growing awareness regarding the health benefits of fish sauce consumption are also expected to bolster market development over the coming years. Rapid expansion of the food & beverage industry and rising use of different sauces in cooking are also anticipated to drive global fish sauce market growth going forward. However, strong flavor, limited appeal, availability of alternative sauces, concerns over high sodium content, and dietary restrictions are estimated to inhibit the sales of fish sauce across the study period and beyond.
Market snapshot - (2025-2032)
Global Market Size
USD 2.05 Billion
Largest Segment
Retail
Fastest Growth
Food Service
Growth Rate
5.1% CAGR
To get more reports on the above market click here to Buy The Report
The global fish sauce market is segmented based on type, grade, distribution channel, and region. Based on type, the market is segmented into traditional and industrial. Based on grade, the market is segmented into standard and premium. Based on distribution channel, the market is categorized into food service and retail (supermarkets & hypermarkets, convenience stores, online, others). By region, the market segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
Industrial fish sauce is expected to account for a prominent chunk of the global fish sauce market share going forward. Extensive use of fish sauce flavor in multiple snacks, sauces, and ready-to-eat meals is projected to help this segment bring in the most revenue in the future. Increasing willingness of consumers to experiment and try out new seasonings and sauces is also expected to help this segment generate new opportunities over the coming years. Moreover, growing use of fish sauce to enrich the taste and flavor of multiple food products is also expected to bolster the sales of industrial fish sauce in the long run.
Meanwhile, the demand for traditional fish sauce is expected to rise at a notable pace across the study period and beyond. Increasing demand for authentic flavor in Asian dishes and recipes from consumers and restaurants is slated to promote the consumption of traditional fish sauce. Traditional fish sauce adds depth, richness, and character to Asian dishes to deliver complex flavors with intricacy. Increasing number of Asian home cooks and rising number of chefs focusing on delivering authentic Asian taste to their customers are expected to promote the demand for traditional fish sauce going forward.
The retail segment is estimated to spearhead the global fish sauce market forecast through 2031. Increasing investments in retail infrastructure development around the world and availability of a wide variety of fish sauces in retail establishments are slated to bolster the dominance of this segment. Rising availability of different fish sauce products in supermarkets, hypermarkets, convenience stores, and specialty Asian stores are also helping this segment lead revenue generation. Growing number of Asian immigrants shopping from retail stores for convenience is also estimated to help this segment boost sales of fish sauce across the study period and beyond.
On the other hand, sales of fish sauce via food service channels are slated to increase at an impressive CAGR over the coming years. Rising establishment of new Asian cuisine restaurants around the world and increasing popularity of fusion foods are expected to bolster fish sauce demand in this segment. Inclusion of recipes and foods containing fish sauce in multiple hotel and restaurant menus is also slated to promote sales of fish sauce via this distribution channel. Increasing involvement of Asian chefs in hotels and their emphasis on representing their culture through food is also slated to create new opportunities for fish sauce suppliers focusing on this segment.
To get detailed analysis on other segments, Request For Free Sample Report
The Asia Pacific region is forecasted to account for a dominant share of the global fish sauce industry. The presence of leading fish sauce suppliers, extensive consumption of fish sauce, and growing popularity of fusion cuisine are slated to bolster the dominance of this region. Fish sauce is a staple in multiple Asian cuisines in countries such as Thailand, Vietnam, Japan, Korea, and Indonesia, which also contributes to the high share of the Asia Pacific region. Substantial increase in exports of fish sauce from this region to the rest of the world as the popularity of Asian cuisine rises in other countries is also expected to help this region hold sway over others through 2031.
North America is expected to account for the second-largest share of the global fish sauce market size in the future. Increasing willingness of American consumers to try new cuisines, increasing number of Asians in this region, and rising accessibility to different types of fish sauces are helping North America offer new business scope. Growing use of fish sauce by experimental cooks and chefs in this region also helps boost its adoption. The United States is slated to be the most opportune market for fish sauce vendors in the North American region followed by Canada owing to rising number of Asian immigrants.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Rising Popularity of Asian Cuisine
Rising Awareness Regarding Health Benefits
Concerns Over Sodium Content
Strong Flavor and Limited Appeal
Request Free Customization of this report to help us to meet your business objectives.
Fish sauce providers should focus on expanding their sales through online channels to maximize revenue generation. North America and Europe are slated to be opportune markets for fish sauce vendors in the long run. Investing in the Asia Pacific region is slated to be always beneficial for any fish sauce company through 2031. Launching new fish sauce products can also help companies stand out from their competition.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising popularity of Asian cuisine around the world and increasing awareness regarding health benefits of fish sauce consumption are slated to drive market development in the future. However, concerns over high sodium content and strong flavor are expected to hamper sales of fish sauce in the future. Asia Pacific is estimated to emerge as the top consumer of fish sauce owing to its use as a staple in multiple cuisines in countries such as Thailand, Japan, and Vietnam. The use of fish sauce in fusion foods is slated to emerge as a prominent fish sauce market trend in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.05 Billion |
Market size value in 2032 | USD 3.21 Billion |
Growth Rate | 5.1% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Fish Sauce Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fish Sauce Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fish Sauce Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fish Sauce Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG30I2413
[email protected]
USA +1 351-333-4748