The North America Fish Sauce Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 357.0 kilo tonnes, showcasing a growth of 3.5% (2019-2022).
Small fish seasoned with salt endure a transformative fermentation process, yielding a liquid bursting with delectable flavors. From chaotic street food vendors to sophisticated kitchens, its robust flavor profile complements a variety of dishes, making it a vital component of culinary innovation.
Umami, the fifth basic taste, is celebrated for its delectable, complex, and rich essence that enhances the overall taste of any dish. With its distinct umami deliciousness, fish sauce has become a coveted condiment and flavor additive in the culinary landscape. As culinary explorers, food enthusiasts, and chefs search out novel flavor experiences, they are irresistibly drawn to fish sauce due to its ability to enhance the exquisite allure of their dishes. Due to its position as a critical ingredient that imparts complexity and flavor to various dishes, fish sauce's distinctive umami profile has been seamlessly incorporated into diverse recipes, resulting in a surge in market demand.
The interplay of cultural and culinary traditions drives the demand for fish sauce. Consumers in developing nations are increasingly adopting new cross-culinary cultures through the recent market trends. The longstanding practice of using fish sauce in regional recipes ignites a sense of authenticity and intrigue among consumers, inspiring them to investigate this vital condiment for their culinary ventures.
The market in the United States and Canada has witnessed an upward trajectory in recent years, driven by multiple factors that underscore North America's evolving culinary landscape. Central to this growth has been the increasing popularity of Asian cuisines, notably from Southeast Asian nations like Vietnam, Thailand, and the Philippines. As urban centers in both countries embrace diverse food cultures, ingredients like fish sauce, once deemed exotic, have found broader acceptance. This culinary globalization in cities from Los Angeles to Toronto has been complemented by a rising Asian diaspora, bringing their rich culinary traditions to the fore and spurring demand for authentic ingredients.
The US market dominated the North America Fish Sauce Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,367.1 Million by 2030. The Canada market is exhibiting a CAGR of 6.9% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 5.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Fish Sauce Market Market is Predict to reach $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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