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Fish Sauce Market Outlook (2023 to 2033)

The global fish sauce market is poised to surpass US$ 18.4 billion in 2023, surging at a remarkable CAGR of 6.0% through 2033 to reach US$ 31.6 billion.

Growth in the market for fish sauce is attributed to a rising preference for ethnic and spicy flavors among consumers. Moreover, shifting preference to more natural and healthy eating habits is likely to propel the demand for fish sauce.

These sauces are naturally fermented and rich in nutrients derived from fish and fish organs. It is beneficial for enhancing overall health, encouraging a legion of health-conscious populations from across the globe to opt for the same, in turn surging the overall demand.

This growth can be owed to:

  • Rising interest in multi-cuisine dishes among consumers.
  • Fish sauce is quickly becoming a standard in table sauce selections as a wide consumer pool is willing to experiment with different flavored dishes.
Attribute Details
Fish Sauce Market Size (2023) US$ 18.4 billion
Fish Sauce Market Projected Size (2033) US$ 31.6 billion
Fish Sauce Market Value-based CAGR (2023 to 2033) 6.0%

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Fish Sauce Market's Historic 2018 to 2022 Vs. Future Outlook 2023 to 2033

Fish sauce sales grew exponentially between 2018 and 2022, where the fish sauce industry was valued at US$ 16.14 billion in 2018 reaching US$ 17.73 billion in 2022.

In recent years, to improve the flavor of cuisine, consumers are increasingly substituting fish sauce for soy sauce.

Other factors facilitating the market are:

  • The growing trend of eating naturally derived foods is boosting production.
  • The availability of naturally fermented fish sauces, with many of them aimed explicitly at lowering sodium intake.

The global market for fish sauce is forecast to witness growth at a CAGR of 6% over the forecast period, from US$ 18.4 billion in 2023 to US$ 31.6 billion in 2033.

Attribute Details
Fish Sauce Market Size (2018) US$ 16.14 billion
Fish Sauce Market Size (2022) US$ 17.73 billion
Fish Sauce Market Size (2023) US$ 18.4 billion
Fish Sauce Market Size (2033) US$ 31.6 billion

How is Soaring Demand for Ready-to-prepare Food Propelling Fish Sauce Sales?

Consumers are inclined toward fish meat as a replacement for chicken and red meat owing to the numerous nutrients found in fish such as omega-3, vitamin D and B2. This is compelling manufacturers to launch a wide range of packaged ready-to-prepare fish gravies.

These are largely available in powder forms in sachets to offer optimal taste and convenience to consumers. Especially in developing countries where consumers have busier lifestyles, thereby fostering the growth of the market even further.

The demand for fish sauce, which is an important ingredient in the preparation of these dishes, is surging. Moreover, consumers in developed countries are more willing to experiment with their food choices and new flavors, which in turn are surging the sales of fish sauces.

Apart from these, the following are also expected to foster the market:

  • Stable nominal fish prices have led to increased production of fish and fish sauce products.
  • The expected increase in fish prices indicates a favorable scenario for significant producers, as it lowers their production costs.
  • Reduced production costs may enable significant producers to engage in large-scale production.
  • The advancements in cost efficiency are projected to drive the expansion of fish sauce production during the forecasted period.
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What Could Possibly Hinder the Fish Sauce Market Growth?

  • Negative health effects arise from hazardous artificial preservatives in fish sauces. Additionally, the lack of nutritive benefits in chemically pickled fish sauce poses constraints to the fish sauce industry.
  • The availability of alternative solutions and increasing health concerns about added preservatives challenge the market.
  • Fish sauce is inherently acidic due to its acid content.
  • Decomposed food results in ash residue that can be acidic, neutral, or alkaline.
  • Minerals like calcium, potassium, magnesium, zinc, copper, sodium, silver, and iron leave behind alkaline ashes. While foods like coffee, meat, dairy, and alcohol-containing sulfur, chlorine, phosphorus, and iodine leave behind acid ashes.

These factors are expected to hinder global demand for fish sauce during the forecast period.

Comparative View of the Market

Fish Sauce Market:

Attributes Fish Sauce Market
CAGR (2023 to 2033) 6%
Market Value (2033) US$ 31.6 billion
Opportunity Exploring and expanding into new geographic regions where fish sauce is not traditionally consumed can lead to untapped markets and new consumer segments, offering significant growth opportunities.
Key Trends Increasing demand for premium and artisanal fish sauces, driven by consumers' desire for authentic flavors and unique taste experiences.

Smoked Fish Market:

Attributes Smoked Fish Market
CAGR (2023 to 2033) 4.6%
Market Value (2033) US$ 8 billion
Opportunity The smoked fish vendors' business-to-business (B2B) and business-to-consumer (B2C) operations are both supported by online and e-commerce outlets, providing a new revenue source to the industry.
Key Trends Due to the increased demand for low-fat high protein products globally, new start-ups are entering the market with some innovative techniques for the smoked fish market.

Fish Powder Market:

Attributes Fish Powder Market
CAGR (2023 to 2033) 7.3%
Market Value (2033) US$ 16 billion
Opportunity The food industry is looking into several methods for producing fish meal ingredients from diverse basic materials as a result of the growing understanding that dried fish proteins can be utilized for food supplements and the manufacture of value-added/functional meals.
Key Trends The manufacturers are adopting sustainable fishing practices, utilizing bycatch and underutilized fish species, and implementing efficient processing techniques to meet the demand for eco-conscious fish powder products.

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Country-wise Insights

How is the United States of America Fish Sauce Industry Faring?

The market for fish sauce in the United States of America was expected to hold a value share of 17.8% globally.

Sales in the United States of America are expected to gain traction on the back of the rising need for convenience food items such as ready-to-prepare mixes. Moreover, the presence of a robust food & beverage sector in the country is boosting demand for fish sauce.

The presence of well-known brands such as Red Boat, Mega Chef, 3 Crabs, and Golden Boy is expected to bode well for the growth of the market in the United States.

What Makes the Market for Fish Sauce in Vietnam Attractive?

In Asia, Vietnam is one of the prominent markets for fish sauce. As the country is widely dependent on seafood as its daily source of protein. Consumers in the country are using fish sauce to remove the pungent smell in fish-based dishes.

Natural and healthy ingredients like anchovies, mackerel, scabbard fish, and salt are used to make Vietnamese fish sauces. This has a high nutritional value and numerous health benefits. Driven by this, sales in the Vietnam market for fish sauce are forecasted to remain high over the forecast period.

Why is Demand in the China Fish Sauce Market Increasing?

Consumers in China are replacing soy sauce with fish sauce as it is more beneficial for health and contains nutrients such as iodine and vitamins. It is also used as a replacement for salt to cut down on sodium intake. These trends are anticipated to boost sales in the China market.

With rising disposable income and urbanization in China, fish sauce is not just used as a table sauce. It is widely used in traditional dishes ranging from broths, and soups to casseroles.

Backed by the aforementioned factors, China is anticipated to account for a dominant share of the East Asia fish sauce industry over the assessment period. Moving forward with a CAGR of 6.6% from 2023 to 2033.

Category-wise Insights

Why is Plain Fish Sauce Preferred to Flavored Fish Sauce?

Based on the flavor, sales of plain fish sauce were anticipated to account for more than 56% of the total market share by 2022.

Plain fish sauces are packed with vital minerals and nutrients found in fish organs, which are further enhanced during the fermentation process. A few of these nutrients include iodine, vitamin A, and vitamin D which are beneficial for overall health.

Plain fish sauce is often considered the authentic and traditional form of fish sauce. It is the purest expression of the natural fermentation process and retains the original essence and character of the fish used in its production, contributing to the sales of plain fish sauce.

Which Technology for Making Fish Sauce is Driving the Market?

In terms of technology, the traditional method of making fish sauce holds a prominent share of the market as it is widely used in preparing casseroles and soups in East and South Asia. However, recently, the industrial method of making fish sauce has gained traction to meet the rising demand from the HoReCa sector for ready-to-eat food products. Requiring fast and bulk production of fish sauces.

As per the FMI study, the traditional method was predicted to hold a 67.6% value share in the global market in 2022.

Traditional fermentation techniques have been used for centuries to produce a fish sauce, resulting in a distinct and authentic flavor profile.

This traditional method preserves the unique umami and savory notes that are characteristic of fish sauce, satisfying consumers' taste preferences and culinary expectations.

What are the Key Aspects of the Competition Landscape within the Market?

Key players operating in the global market are focusing on both organic and inorganic strategies such as mergers and acquisitions or new product innovation to expand their geographical footprint.

The competition in the fish sauce industry is intensifying, driven by current trends. The market is primarily dominated by local and regional manufacturers originating from East Asia and South Asia as they offer a wide range of products.

Manufacturers are also paying attention to the packaging of their products. As it plays an important role in maintaining the product quality, color, taste, texture, nutritional value, and shelf life.

A Few Key Strategies Employed are

  • Product Innovation: Leading companies focus on continuous product innovation, introducing new flavors, variations, and packaging formats to cater to changing consumer preferences. They invest in research and development to create unique and differentiated fish sauce offerings.
  • Branding and Marketing: Key players invest in strong branding and marketing strategies to build brand awareness, increase visibility, and create a positive brand image. They engage in targeted advertising, digital marketing campaigns, and social media promotions to reach their target audience effectively.
  • Quality Assurance and Certification: To establish trust and credibility, prominent fish sauce brands prioritize quality assurance measures. They adhere to strict quality standards, obtain certifications, and highlight their commitment to quality in their marketing communications.
  • Sustainable Sourcing and Production: With the growing focus on sustainability, key players emphasize sustainable sourcing practices and environmentally friendly production methods. They prioritize responsible fishing, ethical sourcing, and eco-friendly packaging, appealing to consumers who value sustainable practices.
  • Market Expansion and Distribution: Successful fish sauce companies expand their market reach through strategic partnerships, collaborations, and distribution agreements. They explore new geographic regions, enter untapped markets, and strengthen their distribution networks to ensure the wider availability of their products.

Prominent Players:

  • Red Boat
  • TANG SANG HA CO. Ltd
  • Masan Consumer Corporation
  • Thai Preeda Group
  • Nestle
  • Squid Brand
  • Teo Tak Seng Fish Sauce Factory Co., Ltd.
  • Rayong Fish Sauce
  • Pichai Fish Sauce
  • Halcyon Proteins
  • Hung Thanh

Developments in the Market:

  • In 2018, Nestle ventured into the market in Vietnam by launching their Maggi fish sauce. The company claims to make the sauce from natural products like black anchovy, Phu Quoc, and sea salt which are free of preservatives.
  • Chin-Su Yod Thong fish sauce was launched in the Thai market by Masan Group and its business partner, the Thai conglomerate Singha Group.
  • Unilever purchased a controlling stake in Nutrafol, a well-known supplier of hair wellness products, on May 30, 2022. Through Unilever Ventures, Unilever now owns a minority (13.2%) interest in Nutrafol.

Fish Sauce Industry By Category

By Flavor:

  • Plain Fish Sauce
  • Spiced Fish Sauce

By Technology:

  • Traditional Method
  • Industrial Method

By Sales Channel:

  • Offline Sales Channel
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Convenience Store
    • Other Sales Channel
  • Online Sales Channel
    • Company Website
    • E-commerce Platform

By Region:

  • North America
  • Latin America
  • Europe
  • The Middle East and Africa
  • East Asia
  • South Asia
  • Oceania

Frequently Asked Questions

What is the Fish Sauce Market CAGR for 2033?

The fish sauce market CAGR for 2033 is 6.0%.

How Big Will the Fish Sauce Market by 2033?

The market is estimated to reach US$ 31.6 billion by 2033.

Who are the Key Fish Sauce Market Players?

Masan Group, ThaiPreeda Group, and Keya Sangyo Co. are key market players.

What is the Current Market Valuation of the Fish Sauce Market?

The market is estimated to secure a valuation of US$ 18.4 billion in 2023.

What are the Current Trends in the Fish Sauce Market?

The fish sauce market trends are increasing demand for premium fish sauce.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flavor

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Flavor, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Flavor, 2023 to 2033

        5.3.1. Plain Fish Sauce

        5.3.2. Spiced Fish Sauce

    5.4. Y-o-Y Growth Trend Analysis By Flavor, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Flavor, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033

        6.3.1. Traditional Method

        6.3.2. Industrial Method

    6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033

        7.3.1. Offline 

            7.3.1.1. Supermarkets/Hypermarkets

            7.3.1.2. Departmental Stores

            7.3.1.3. Convenience Store

            7.3.1.4. Others

        7.3.2. Online 

            7.3.2.1. Company Website

            7.3.2.2. E-commerce Platform

    7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. U.S.

            9.2.1.2. Canada

        9.2.2. By Flavor

        9.2.3. By Technology

        9.2.4. By Sales Channel

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Flavor

        9.3.3. By Technology

        9.3.4. By Sales Channel

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Flavor

        10.2.3. By Technology

        10.2.4. By Sales Channel

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Flavor

        10.3.3. By Technology

        10.3.4. By Sales Channel

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. U.K.

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Flavor

        11.2.3. By Technology

        11.2.4. By Sales Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Flavor

        11.3.3. By Technology

        11.3.4. By Sales Channel

    11.4. Key Takeaways

12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Singapore

            12.2.1.5. Thailand

            12.2.1.6. Indonesia

            12.2.1.7. Australia

            12.2.1.8. New Zealand

            12.2.1.9. Rest of Asia Pacific

        12.2.2. By Flavor

        12.2.3. By Technology

        12.2.4. By Sales Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Flavor

        12.3.3. By Technology

        12.3.4. By Sales Channel

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Flavor

        13.2.3. By Technology

        13.2.4. By Sales Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Flavor

        13.3.3. By Technology

        13.3.4. By Sales Channel

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. U.S.

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Flavor

            14.1.2.2. By Technology

            14.1.2.3. By Sales Channel

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Flavor

            14.2.2.2. By Technology

            14.2.2.3. By Sales Channel

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Flavor

            14.3.2.2. By Technology

            14.3.2.3. By Sales Channel

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Flavor

            14.4.2.2. By Technology

            14.4.2.3. By Sales Channel

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Flavor

            14.5.2.2. By Technology

            14.5.2.3. By Sales Channel

    14.6. U.K.

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Flavor

            14.6.2.2. By Technology

            14.6.2.3. By Sales Channel

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Flavor

            14.7.2.2. By Technology

            14.7.2.3. By Sales Channel

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Flavor

            14.8.2.2. By Technology

            14.8.2.3. By Sales Channel

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Flavor

            14.9.2.2. By Technology

            14.9.2.3. By Sales Channel

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Flavor

            14.10.2.2. By Technology

            14.10.2.3. By Sales Channel

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Flavor

            14.11.2.2. By Technology

            14.11.2.3. By Sales Channel

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Flavor

            14.12.2.2. By Technology

            14.12.2.3. By Sales Channel

    14.13. Singapore

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Flavor

            14.13.2.2. By Technology

            14.13.2.3. By Sales Channel

    14.14. Thailand

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Flavor

            14.14.2.2. By Technology

            14.14.2.3. By Sales Channel

    14.15. Indonesia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Flavor

            14.15.2.2. By Technology

            14.15.2.3. By Sales Channel

    14.16. Australia

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Flavor

            14.16.2.2. By Technology

            14.16.2.3. By Sales Channel

    14.17. New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Flavor

            14.17.2.2. By Technology

            14.17.2.3. By Sales Channel

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Flavor

            14.18.2.2. By Technology

            14.18.2.3. By Sales Channel

    14.19. South Africa

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Flavor

            14.19.2.2. By Technology

            14.19.2.3. By Sales Channel

    14.20. Israel

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Flavor

            14.20.2.2. By Technology

            14.20.2.3. By Sales Channel

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Flavor

        15.3.3. By Technology

        15.3.4. By Sales Channel

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Red Boat

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. TANG SANG HA CO. Ltd

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Masan Consumer Corporation

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Thai Preeda Group

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Nestle

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Squid Brand

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Teo Tak Seng Factory Co., Ltd.

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Rayong Fish Sauce

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Pichai Fish Sauce

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Halcyon Proteins

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

        16.1.11. Hung Thanh

            16.1.11.1. Overview

            16.1.11.2. Product Portfolio

            16.1.11.3. Profitability by Market Segments

            16.1.11.4. Sales Footprint

            16.1.11.5. Strategy Overview

                16.1.11.5.1. Marketing Strategy

                16.1.11.5.2. Product Strategy

                16.1.11.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Flavor, 2018 to 2033

Table 4: Global Market Volume (Units) Forecast by Flavor, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 6: Global Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 7: Global Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033

Table 8: Global Market Volume (Units) Forecast by Sales Channel, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: North America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Flavor, 2018 to 2033

Table 12: North America Market Volume (Units) Forecast by Flavor, 2018 to 2033

Table 13: North America Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 14: North America Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 15: North America Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033

Table 16: North America Market Volume (Units) Forecast by Sales Channel, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033

Table 19: Latin America Market Value (US$ Million) Forecast by Flavor, 2018 to 2033

Table 20: Latin America Market Volume (Units) Forecast by Flavor, 2018 to 2033

Table 21: Latin America Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 22: Latin America Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 23: Latin America Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033

Table 24: Latin America Market Volume (Units) Forecast by Sales Channel, 2018 to 2033

Table 25: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Europe Market Volume (Units) Forecast by Country, 2018 to 2033

Table 27: Europe Market Value (US$ Million) Forecast by Flavor, 2018 to 2033

Table 28: Europe Market Volume (Units) Forecast by Flavor, 2018 to 2033

Table 29: Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 30: Europe Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 31: Europe Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033

Table 32: Europe Market Volume (Units) Forecast by Sales Channel, 2018 to 2033

Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2018 to 2033

Table 35: Asia Pacific Market Value (US$ Million) Forecast by Flavor, 2018 to 2033

Table 36: Asia Pacific Market Volume (Units) Forecast by Flavor, 2018 to 2033

Table 37: Asia Pacific Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 38: Asia Pacific Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 39: Asia Pacific Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033

Table 40: Asia Pacific Market Volume (Units) Forecast by Sales Channel, 2018 to 2033

Table 41: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 42: MEA Market Volume (Units) Forecast by Country, 2018 to 2033

Table 43: MEA Market Value (US$ Million) Forecast by Flavor, 2018 to 2033

Table 44: MEA Market Volume (Units) Forecast by Flavor, 2018 to 2033

Table 45: MEA Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 46: MEA Market Volume (Units) Forecast by Technology, 2018 to 2033

Table 47: MEA Market Value (US$ Million) Forecast by Sales Channel, 2018 to 2033

Table 48: MEA Market Volume (Units) Forecast by Sales Channel, 2018 to 2033
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Flavor, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Technology, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Sales Channel, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Volume (Units) Analysis by Region, 2018 to 2033

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 9: Global Market Value (US$ Million) Analysis by Flavor, 2018 to 2033

Figure 10: Global Market Volume (Units) Analysis by Flavor, 2018 to 2033

Figure 11: Global Market Value Share (%) and BPS Analysis by Flavor, 2023 to 2033

Figure 12: Global Market Y-o-Y Growth (%) Projections by Flavor, 2023 to 2033

Figure 13: Global Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 14: Global Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 17: Global Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033

Figure 18: Global Market Volume (Units) Analysis by Sales Channel, 2018 to 2033

Figure 19: Global Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033

Figure 20: Global Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033

Figure 21: Global Market Attractiveness by Flavor, 2023 to 2033

Figure 22: Global Market Attractiveness by Technology, 2023 to 2033

Figure 23: Global Market Attractiveness by Sales Channel, 2023 to 2033

Figure 24: Global Market Attractiveness by Region, 2023 to 2033

Figure 25: North America Market Value (US$ Million) by Flavor, 2023 to 2033

Figure 26: North America Market Value (US$ Million) by Technology, 2023 to 2033

Figure 27: North America Market Value (US$ Million) by Sales Channel, 2023 to 2033

Figure 28: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 30: North America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 33: North America Market Value (US$ Million) Analysis by Flavor, 2018 to 2033

Figure 34: North America Market Volume (Units) Analysis by Flavor, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Flavor, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Flavor, 2023 to 2033

Figure 37: North America Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 38: North America Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 39: North America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 40: North America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 41: North America Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033

Figure 42: North America Market Volume (Units) Analysis by Sales Channel, 2018 to 2033

Figure 43: North America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033

Figure 44: North America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033

Figure 45: North America Market Attractiveness by Flavor, 2023 to 2033

Figure 46: North America Market Attractiveness by Technology, 2023 to 2033

Figure 47: North America Market Attractiveness by Sales Channel, 2023 to 2033

Figure 48: North America Market Attractiveness by Country, 2023 to 2033

Figure 49: Latin America Market Value (US$ Million) by Flavor, 2023 to 2033

Figure 50: Latin America Market Value (US$ Million) by Technology, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) by Sales Channel, 2023 to 2033

Figure 52: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 57: Latin America Market Value (US$ Million) Analysis by Flavor, 2018 to 2033

Figure 58: Latin America Market Volume (Units) Analysis by Flavor, 2018 to 2033

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Flavor, 2023 to 2033

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Flavor, 2023 to 2033

Figure 61: Latin America Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 62: Latin America Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 65: Latin America Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033

Figure 66: Latin America Market Volume (Units) Analysis by Sales Channel, 2018 to 2033

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033

Figure 69: Latin America Market Attractiveness by Flavor, 2023 to 2033

Figure 70: Latin America Market Attractiveness by Technology, 2023 to 2033

Figure 71: Latin America Market Attractiveness by Sales Channel, 2023 to 2033

Figure 72: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 73: Europe Market Value (US$ Million) by Flavor, 2023 to 2033

Figure 74: Europe Market Value (US$ Million) by Technology, 2023 to 2033

Figure 75: Europe Market Value (US$ Million) by Sales Channel, 2023 to 2033

Figure 76: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 78: Europe Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 81: Europe Market Value (US$ Million) Analysis by Flavor, 2018 to 2033

Figure 82: Europe Market Volume (Units) Analysis by Flavor, 2018 to 2033

Figure 83: Europe Market Value Share (%) and BPS Analysis by Flavor, 2023 to 2033

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Flavor, 2023 to 2033

Figure 85: Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 86: Europe Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 87: Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 89: Europe Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033

Figure 90: Europe Market Volume (Units) Analysis by Sales Channel, 2018 to 2033

Figure 91: Europe Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033

Figure 93: Europe Market Attractiveness by Flavor, 2023 to 2033

Figure 94: Europe Market Attractiveness by Technology, 2023 to 2033

Figure 95: Europe Market Attractiveness by Sales Channel, 2023 to 2033

Figure 96: Europe Market Attractiveness by Country, 2023 to 2033

Figure 97: Asia Pacific Market Value (US$ Million) by Flavor, 2023 to 2033

Figure 98: Asia Pacific Market Value (US$ Million) by Technology, 2023 to 2033

Figure 99: Asia Pacific Market Value (US$ Million) by Sales Channel, 2023 to 2033

Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Flavor, 2018 to 2033

Figure 106: Asia Pacific Market Volume (Units) Analysis by Flavor, 2018 to 2033

Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Flavor, 2023 to 2033

Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Flavor, 2023 to 2033

Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 110: Asia Pacific Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033

Figure 114: Asia Pacific Market Volume (Units) Analysis by Sales Channel, 2018 to 2033

Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033

Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033

Figure 117: Asia Pacific Market Attractiveness by Flavor, 2023 to 2033

Figure 118: Asia Pacific Market Attractiveness by Technology, 2023 to 2033

Figure 119: Asia Pacific Market Attractiveness by Sales Channel, 2023 to 2033

Figure 120: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 121: MEA Market Value (US$ Million) by Flavor, 2023 to 2033

Figure 122: MEA Market Value (US$ Million) by Technology, 2023 to 2033

Figure 123: MEA Market Value (US$ Million) by Sales Channel, 2023 to 2033

Figure 124: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 125: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 126: MEA Market Volume (Units) Analysis by Country, 2018 to 2033

Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 129: MEA Market Value (US$ Million) Analysis by Flavor, 2018 to 2033

Figure 130: MEA Market Volume (Units) Analysis by Flavor, 2018 to 2033

Figure 131: MEA Market Value Share (%) and BPS Analysis by Flavor, 2023 to 2033

Figure 132: MEA Market Y-o-Y Growth (%) Projections by Flavor, 2023 to 2033

Figure 133: MEA Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 134: MEA Market Volume (Units) Analysis by Technology, 2018 to 2033

Figure 135: MEA Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 136: MEA Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 137: MEA Market Value (US$ Million) Analysis by Sales Channel, 2018 to 2033

Figure 138: MEA Market Volume (Units) Analysis by Sales Channel, 2018 to 2033

Figure 139: MEA Market Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033

Figure 140: MEA Market Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033

Figure 141: MEA Market Attractiveness by Flavor, 2023 to 2033

Figure 142: MEA Market Attractiveness by Technology, 2023 to 2033

Figure 143: MEA Market Attractiveness by Sales Channel, 2023 to 2033

Figure 144: MEA Market Attractiveness by Country, 2023 to 2033

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