Fish sauce is prepared using a fermentation process on salt coated fish. It comes in reddish brown color and used for cooking and seasoning. Fish sauce is high in nutrient and mineral content. Fish sauce is used as dipping sauce or as seasoning. It is used in many traditional Asian cuisines. Different types of fishes are used to prepare fish sauce. Increasing health concerns and rising popularity of Asian food are factors driving growth of the global fish sauce market.
The global fish sauce market report has been segmented on the basis of product type, application, distribution channel, and region. On the basis of product type, the market is segmented into Japanese fish sauce, Korean fish sauce, western fish sauce, Southeast Asian fish sauce, and others. Premium segment is expected to dominate the global market in the near future, owing to the increasing popularity of premium range fish sauces and increasing food safety standards. On the basis of application, the market is segmented into restaurants, domestic use, and food industries. On the basis of distribution channel, the market is segmented into the supermarket and hypermarket, convenience stores, specialty stores, and online stores. Online stores segment expected to dominate the global market in terms of revenue over the forecast period, owing availability of different types of fish sauces online.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global market in terms of revenue over the forecast period, owing to presence of key manufacturers in this region. The market in North America is expected to register a second highest share in terms of revenue, owing to increasing demand for fish sauce as a healthy and nutritional food in the region.
Key players operating in the global fish sauce market include Tang Sang Ha Company Limited, Thaipreeda Group, TeoTak Sauce Factory Co. Ltd, Viet Phu Inc., Thai Fish Sauce Factory (Squid Brand) Co., Ltd, Marine Resources and Development Co., Ltd., Rungroj Fish Sauce Co., Ltd., Pichai Fish Sauce Co. Ltd., Rayong Fish Sauce Industry Co., Ltd, and Halcyon Proteins Pty. Ltd.