Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.5 Billion | USD 22.7 Billion | 4.1% | 2022 |
FrequentlyAsked Questions
Fish that has been salted and fermented yield a liquid that is amber in color, known as fish sauce. It is used as a condiment in many different types of food. In many Asian cultures, fish sauce is a staple ingredient.
Major factors boosting the consumer base for fish sauces include the rising need for seasoning and the expansion of product offerings by fish sauce makers in various flavors and sizes. Growing consumer knowledge of the health advantages of using fish sauce and an increase in thyroid-related conditions are factors in the rising market penetration.
According to the report, the global fish sauce market size was worth around USD 16.5 billion in 2022 and is predicted to grow to around USD 22.7 billion by 2030.
The global Fish Sauce market is expected to grow at a CAGR of 4.1% during the forecast period.
The global Fish Sauce market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing consumer awareness regarding health
The global Fish Sauce market is dominated by players like Teo Tak Seng Fish Sauce Factory Co., Ltd., TANG SANG HA CO. Ltd, ThaiPreeda Group, Masan Group, Shantou Haimao Foodstuff Factory Co., Ltd., Thai Fish Sauce Factory (Squid Brand) Company Limited, Rayong Fish Sauce Industry Co. Ltd, Pichai Fish Sauce Co. Ltd, Halcyon Proteins, Hung Thanh Co. Ltd among others.
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