According to a new report, published by KBV research, The Global Fish Sauce Market size is expected to reach $XX billion by 2030, rising at a market growth of 5.0% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,544.5 kilo tonnes, experiencing a growth of 3.7% (2019-2022).
The Food & Beverages Industry segment is leading the Global Fish Sauce Market, By Application in 2022; thereby, achieving a market value of $7.7 billion by 2030. With its distinctive umami-rich flavor, fish sauce has carved out a multifaceted role in the culinary world. In the realm of food and beverages, it's not just limited to traditional Asian dishes; it's being experimented with in global cuisines, bringing depth to dishes and even being adventurously used in cocktails by innovative mixologists. Fish sauce can be used as a flavor enhancer in the production of snacks such as potato chips or crackers.
The Hypermarkets & Supermarkets segment is showcasing a CAGR of 5.5% during (2023 - 2030). Due to the growing use of fish sauce in both mature and emerging markets, the hypermarket and supermarket segment of the fish sauce market has expanded. The availability of various types of fish sauce, discounts on specific brands, the support of sales staff, and the convenience of payments at hypermarkets and supermarkets are advantageous to customers. The increasing number of new hypermarkets and supermarkets in the suburbs has enabled consumers to choose the fish sauce that best meets their requirements.
The Southeast Asian Fish Sauce segment is generating the maximum revenue in the Global Fish Sauce Market, By Type in 2022; thereby, achieving a market value of $9.0 billion by 2030. As global food trends continue to emphasize the exploration of new and exotic ingredients, chefs, food enthusiasts, and home cooks have become increasingly interested in Southeast Asian fish sauce. Its distinctive flavor and ability to elevate various recipes have made it a desired ingredient in global kitchens. In addition, the global growth of Southeast Asian restaurants and establishments has exposed more people to the region's cuisine.
The Premium segment would exhibit a CAGR of 6.1% during (2023 - 2030). This segment represents a niche yet growing segment of the broader fish sauce industry, characterized by high-quality ingredients, specialized production methods, and often a focus on sustainability, provenance, and authenticity. Premium offerings cater to a segment of consumers willing to pay a higher price for superior quality, distinctive taste profiles, and the assurance of ethical and sustainable practices. Premium fish sauce typically employs the finest quality fish, often wild-caught and high-grade sea salt.
The Asia Pacific region dominated the Global Fish Sauce Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.4 billion by 2030. The Europe region is poised to grow at a CAGR of 4.8% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/fish-sauce-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
