Global fish sauce market gains a
positive traction in the forecast period owing to changing market dynamics
coupled with driving factors. Fish sauce is an amber-colored liquid extracted
from the fermentation of fish with sea salt. It is used as a condiment in
different cuisines. Fish sauce is a staple ingredient in various cultures in
Southeast Asia and the coastal regions of East Asia, and features heavily in
Burmese, Cambodian, Filipino, Thai, Lao and Vietnamese cuisines. It also was a
major ingredient in ancient European cuisine, but is no longer commonly used in
those regions.
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Factors propelling the market
growth includes increasing consumer demand. In addition, the innovation of new
products and tastes drives the growth of this market. On the other hand, there
are also factors that hamper the growth of the market such as substitutes to
fish sauce. In addition, health concerns due to the added preservatives,
coupled with the growing popularity of vegan foods are also expected to
restrain the growth of the market. The Fish Sauce market share is classified on
the basis of types, applications, distribution channel and geography.
Based on types, the Fish Sauce
market is classified as Trade Technology Fish Sauce and Industrial Fish Sauce. Based
on applications, the Fish Sauce market is classified as domestic use,
restaurants, food industries, and others. Based on distribution channel, the
Fish Sauce market share is classified as super markets/hyper markets,
convenience stores, specialty food stores, online retailers, and others. Based
on geography, the Fish Sauce market share is classified as North America,
Europe, Asia Pacific, South America, and Middle East and Africa. The North
American region consists of U.S., Canada, and Mexico. The European region
consists of Germany, France, England and Russia. Asia Pacific region consists
of China, Japan, Korea, India, and Southeast Asia.
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