The Latin America, Middle East and Africa Fish Sauce Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 140.3 kilo tonnes, showcasing a growth of 7.2% (2023-2030).
The rising demand for ethnic cuisine, is propelling the growth of the market. As individuals explore the authentic flavors from these cultures, fish sauce appears an indispensable flavor enhancer. Consumers embrace fish sauce's health benefits and distinctive umami flavor, driving its continuous market growth and creating promising opportunities for producers to flourish and expand their reach.
Due to allergen concerns, the market encounters significant obstacles, as the product's origin from fermented fish poses a risk for individuals with fish allergies. As food allergies have increased, a substantial fraction of the population has stayed clear of fish sauce, restricting its potential customer base. In response to health-conscious consumers who seek allergen-free options, they investigate alternative condiments that pose no threat to their health. This limitation hinders fish sauce's extensive adoption and consumption, diminishing its market share and future growth prospects. Manufacturers may develop allergen-free alternatives to this sauce or implement explicit product labeling to educate consumers about potential allergens, appealing to a larger and more inclusive audience. To embrace a future in which everyone can enjoy the enticing flavors of fish sauce worry-free, manufacturers work to ensure security and accessibility for all.
The LAMEA market, spanning the lively sambas of Brazil to the bustling souks of the UAE, reflects the region's evolving relationship with global culinary trends. With its distinct gastronomic nuances, each nation adds a factor to this market's burgeoning narrative, showcasing the adaptive and vibrant nature of LAMEA's culinary scene.
The Brazil market dominated the LAMEA Fish Sauce Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $329.6 Million by 2030. The Argentina market is registering a CAGR of 6.2% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 5.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Fish Sauce Market Market is Projected to reach USD 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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