Fish sauce is a popular cooking ingredient in South and East Asia. It's a smelly dark liquid made by fermenting fish and salt to add flavour to Thai dishes. Fish preservatives, essence, colouring, sweeteners, and flavouring substances are the basic fish sauce ingredients utilised in industrial fish sauces.
MARKET DYNAMICS
Fish sauces are commonly used as spices in various regions of the world and have become a standard table element. The increase in non-vegetarian eaters due to the health benefits of non-vegetarian cuisine, as well as the availability of traditional fish sauces in various packages, flavors, and prices to cater to different tastes all over the world, fuel market expansion. Furthermore, the nutritional value of fish and fish sauces is very helpful to the human body. However, the availability of low-cost substitutes, high manufacturing costs, and health-related issues such as allergies caused by fish intake hamper the worldwide fish sauce market's growth.
MARKET SCOPE
The "Global Fish Sauce Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fish sauce market with detailed market segmentation by packaging type, distribution channel, and geography. The global fish sauce market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading fish sauce market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fish sauce market is segmented on the basis of packaging type, and distribution channel. Based on packaging type, the global fish sauce market is segmented into bottle, cans, and others. Based on distribution channek, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fish sauce market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The fish sauce market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fish sauce market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fish sauce market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fish sauce market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The fish sauce market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fish sauce market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fish sauce market in these regions.
MARKET PLAYERS
The reports cover key developments in the fish sauce market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from fish sauce market are anticipated to lucrative growth opportunities in the future with the rising demand for fish sauce in the global market. Below mentioned is the list of few companies engaged in the fish sauce market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the fish sauce market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fish Sauce Market - By Packaging Type
1.3.2 Fish Sauce Market - By Distribution Channel
1.3.3 Fish Sauce Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FISH SAUCE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FISH SAUCE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FISH SAUCE MARKET - GLOBAL MARKET ANALYSIS
6.1. FISH SAUCE - GLOBAL MARKET OVERVIEW
6.2. FISH SAUCE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. FISH SAUCE MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
7.1. OVERVIEW
7.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
7.3. BOTTLE
7.3.1. Overview
7.3.2. Bottle Market Forecast and Analysis
7.4. CANS
7.4.1. Overview
7.4.2. Cans Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. FISH SAUCE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FISH SAUCE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fish Sauce Market Overview
9.1.2 North America Fish Sauce Market Forecasts and Analysis
9.1.3 North America Fish Sauce Market Forecasts and Analysis - By Packaging Type
9.1.4 North America Fish Sauce Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Fish Sauce Market Forecasts and Analysis - By Countries
9.1.5.1 United States Fish Sauce Market
9.1.5.1.1 United States Fish Sauce Market by Packaging Type
9.1.5.1.2 United States Fish Sauce Market by Distribution Channel
9.1.5.2 Canada Fish Sauce Market
9.1.5.2.1 Canada Fish Sauce Market by Packaging Type
9.1.5.2.2 Canada Fish Sauce Market by Distribution Channel
9.1.5.3 Mexico Fish Sauce Market
9.1.5.3.1 Mexico Fish Sauce Market by Packaging Type
9.1.5.3.2 Mexico Fish Sauce Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Fish Sauce Market Overview
9.2.2 Europe Fish Sauce Market Forecasts and Analysis
9.2.3 Europe Fish Sauce Market Forecasts and Analysis - By Packaging Type
9.2.4 Europe Fish Sauce Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Fish Sauce Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fish Sauce Market
9.2.5.1.1 Germany Fish Sauce Market by Packaging Type
9.2.5.1.2 Germany Fish Sauce Market by Distribution Channel
9.2.5.2 France Fish Sauce Market
9.2.5.2.1 France Fish Sauce Market by Packaging Type
9.2.5.2.2 France Fish Sauce Market by Distribution Channel
9.2.5.3 Italy Fish Sauce Market
9.2.5.3.1 Italy Fish Sauce Market by Packaging Type
9.2.5.3.2 Italy Fish Sauce Market by Distribution Channel
9.2.5.4 United Kingdom Fish Sauce Market
9.2.5.4.1 United Kingdom Fish Sauce Market by Packaging Type
9.2.5.4.2 United Kingdom Fish Sauce Market by Distribution Channel
9.2.5.5 Russia Fish Sauce Market
9.2.5.5.1 Russia Fish Sauce Market by Packaging Type
9.2.5.5.2 Russia Fish Sauce Market by Distribution Channel
9.2.5.6 Rest of Europe Fish Sauce Market
9.2.5.6.1 Rest of Europe Fish Sauce Market by Packaging Type
9.2.5.6.2 Rest of Europe Fish Sauce Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fish Sauce Market Overview
9.3.2 Asia-Pacific Fish Sauce Market Forecasts and Analysis
9.3.3 Asia-Pacific Fish Sauce Market Forecasts and Analysis - By Packaging Type
9.3.4 Asia-Pacific Fish Sauce Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Fish Sauce Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fish Sauce Market
9.3.5.1.1 Australia Fish Sauce Market by Packaging Type
9.3.5.1.2 Australia Fish Sauce Market by Distribution Channel
9.3.5.2 China Fish Sauce Market
9.3.5.2.1 China Fish Sauce Market by Packaging Type
9.3.5.2.2 China Fish Sauce Market by Distribution Channel
9.3.5.3 India Fish Sauce Market
9.3.5.3.1 India Fish Sauce Market by Packaging Type
9.3.5.3.2 India Fish Sauce Market by Distribution Channel
9.3.5.4 Japan Fish Sauce Market
9.3.5.4.1 Japan Fish Sauce Market by Packaging Type
9.3.5.4.2 Japan Fish Sauce Market by Distribution Channel
9.3.5.5 South Korea Fish Sauce Market
9.3.5.5.1 South Korea Fish Sauce Market by Packaging Type
9.3.5.5.2 South Korea Fish Sauce Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Fish Sauce Market
9.3.5.6.1 Rest of Asia-Pacific Fish Sauce Market by Packaging Type
9.3.5.6.2 Rest of Asia-Pacific Fish Sauce Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fish Sauce Market Overview
9.4.2 Middle East and Africa Fish Sauce Market Forecasts and Analysis
9.4.3 Middle East and Africa Fish Sauce Market Forecasts and Analysis - By Packaging Type
9.4.4 Middle East and Africa Fish Sauce Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Fish Sauce Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fish Sauce Market
9.4.5.1.1 South Africa Fish Sauce Market by Packaging Type
9.4.5.1.2 South Africa Fish Sauce Market by Distribution Channel
9.4.5.2 Saudi Arabia Fish Sauce Market
9.4.5.2.1 Saudi Arabia Fish Sauce Market by Packaging Type
9.4.5.2.2 Saudi Arabia Fish Sauce Market by Distribution Channel
9.4.5.3 U.A.E Fish Sauce Market
9.4.5.3.1 U.A.E Fish Sauce Market by Packaging Type
9.4.5.3.2 U.A.E Fish Sauce Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fish Sauce Market Overview
9.5.2 South and Central America Fish Sauce Market Forecasts and Analysis
9.5.3 South and Central America Fish Sauce Market Forecasts and Analysis - By Packaging Type
9.5.4 South and Central America Fish Sauce Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Fish Sauce Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fish Sauce Market
9.5.5.1.1 Brazil Fish Sauce Market by Packaging Type
9.5.5.1.2 Brazil Fish Sauce Market by Distribution Channel
9.5.5.2 Argentina Fish Sauce Market
9.5.5.2.1 Argentina Fish Sauce Market by Packaging Type
9.5.5.2.2 Argentina Fish Sauce Market by Distribution Channel
9.5.5.3 Rest of South and Central America Fish Sauce Market
9.5.5.3.1 Rest of South and Central America Fish Sauce Market by Packaging Type
9.5.5.3.2 Rest of South and Central America Fish Sauce Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FISH SAUCE MARKET, KEY COMPANY PROFILES
11.1. FISH MARINE RESOURCES DEVELOPMENT CO., LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HALCYON PROTEINS.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PICHAI FISH SAUCE CO. LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. RAYONG FISH SAUCE INDUSTRY CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. RUNGROJ FISH SAUCE CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TANG SANG HA COMPANY LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TEOTAK SAUCE FACTORY CO., LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. THAI FISH SAUCE FACTORY (SQUID BRAND) CO., LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THAIPREEDA GROUP
VIET PHU, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Fish Marine Resources Development Co., Ltd.
2. Halcyon Proteins.
3. Pichai Fish Sauce Co. Ltd.
4. Rayong Fish Sauce Industry Co., Ltd.
5. Rungroj Fish Sauce Co., Ltd.
6. Tang Sang Ha Company Limited
7. TeoTak Sauce Factory Co., Ltd
8. Thai Fish Sauce Factory (Squid Brand) Co., Ltd
9. Thaipreeda Group
Viet Phu, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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