The Europe Fish Sauce Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 239.5 kilo tonnes, showcasing a growth of 3.6% (2019-2022).
Due to premiumization and the emergence of artisanal products, the market encountered a significant increase. As consumers pursue increasingly unique and authentic culinary experiences, they are keen to invest in artisan-crafted fish sauces of superior quality. These artisanal products, meticulously sourced from select fish and crafted via traditional techniques, feature distinctive flavors and unrivaled quality compared to their mass-produced counterparts. Premium fish sauces exceed their standard function as condiments and ascend to haute ingredients to cater to discerning consumers' evolving preferences.
The increasing adoption of these sauce in various regions is anticipated to generate market opportunities. In addition, the perceived health benefits of natural and traditional ingredients enhance the appeal of premium fish sauces. By adopting this growing trend, fish sauce manufacturers attract a loyal customer base and fuel substantial market expansion.
Beyond the culinary dynamics, Europe's robust tourism culture must be addressed. Europeans, with their strong travel ethos, often venture to Southeast Asian nations, and upon return, they desire to recreate the authentic flavors experienced during their travels. This has undoubtedly influenced supermarkets and specialty stores to expand their international aisles, stocking up on genuine ingredients like fish sauce. Therefore, as the boundaries of traditional European cuisine expand and meld with global influences, market is poised to hold a more prominent place in the region’s gastronomic tapestry.
The Germany market dominated the Europe Fish Sauce Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $981.9 Million by 2030. The UK market is showcasing a CAGR of 3.9% during (2023 - 2030). Additionally, The France market would register a CAGR of 5.6% during (2023 - 2030).
Based on Application, the market is segmented into Food & Beverages Industry, Household, Hotels & Restaurants, and Others. Based on Distribution Channel, the market is segmented into Food Service, Hypermarkets & Supermarkets, Online, and Others. Based on Type, the market is segmented into Southeast Asian Fish Sauce, Korean Fish Sauce, and Japanese Fish Sauce & Others. Based on Nature, the market is segmented into Premium, and Conventional. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Fish Sauce Market Market will Hit $17.5 Billion by 2030, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Halcyon Proteins Pty. Ltd., Rungroj Fish Sauce Co., Ltd., Rayong Fish, auce Industry Co., Ltd., Teo Tak Seng Fish Sauce Factory Co., Ltd., Pichai Fish Sauce Co., Ltd., Viet Phu, Inc., Pairoj (Tang Sang Ha) Company Limited, Thai Fish Sauce Factory (Squid Brand) Co., Ltd., Thaipreeda Group and Masan Group Corporation
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Nature (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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