Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Fish
Sauce Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Fish Sauce Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Fish Sauce Market over the short as well as long period
of time. A detailed presentation of forecast, trends, and dollar values of global
Fish Sauce Market `is offered. In accordance with the report, the global Fish
Sauce Market is projected to expand at a CAGR of 3.51% over the period of
forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Fish Sauce is a
hazel-nut colored sauce that is derived brewing fish and salt. Relishing of
dishes is a necessary now-a-days whether it is for homemade foods or processed
foods. Fish sauce is primarily used as a dressing and saturating sauce. The
essence of seasoning is gaining momentum across the globe almost in all
cuisines. This is primarily driving the fish sauce market. The desire to savor
flavorful dishes is a key determinant for the growth of this market. Fish sauce
can be used as a replacement for soy sauce in the Chinese dishes. The ease in
preparation of Chinese dishes is making it famous for different people of
different regions and this is increasing the application of fish sauce
throughout the globe. Apart for flavoring, fish sauce is a nutrient rich sauce
that provides a variety of benefit to the body. It is abundant in vitamin A,
vitamin D, nitrogen and iodin. The rising rational behavior among consumers to
consume healthy diet on a regular basis and the increasing dependence on
healthy processed foods is fueling the growth of the fish sauce market. The
towering non-vegan population and their direct and indirect demand for fish sauce
is also driving the growth of this market. Finally, the producer’s investment
in research and development of new spectrum of fish sauce coupled with the
sales strategies of introducing different quantities at different price makes
the use of fish sauce by different consumers. This is powering the growth of
the fish sauce market.
However, fish
sauce is easily replaceable by a variety of other available sauces and this
factor is severely restraining the growth prospects of the fish sauce market.
The soaring vegan population owing to animal cruelty and consequent rising fame
of vegan cuisine is hindering the growth of this market. Fish sauces has a high
content of added preserving agent that leads to health issues. Rational
behavior of the consumers to consume healthy food is hampering the growth of
the fish sauce market. The preparation of fish sauce is time consuming. For
preparing fish sauce naturally, the fish has to be fizzed for two months to two
years and this a stumbling block to the growth of the fish sauce market. The
chemical fermentation of fish for preparation of fish sauce is averse to human
health and is swaying away fish sauce market share.
The basic human
instinct to consume flavorful dishes is a great scope for the fish sauce
market. Moreover, the rising trend of tasting different cuisines of different
cultures is likely to be a great opportunity for the growth of this market.
Now-a-days households are trying their hand in preparing different dishes by
learning online and this is raising the demand for seasoning and dipping agent.
This is a great opportunity to unfold and exploit for the fish sauce
market.
Segment Covered:
This market
intelligence report on the global Fish Sauce Market encompasses market segments
based on product type, product nature, application, distributional channel, and
country/regions.
By product type, the Fish Sauce Market is segregated
into,
§ Western Fish Sauce
§ Southeast Asian Fish Sauce
§ Japanese Fish Sauce
§ Korean Fish Sauce
§ Thai Fish Sauce
§ Vietnamese Fish Sauce
§ Others
By product nature, the Fish Sauce Market is
segmented into,
§ Premium
§ Conventional
By Application, the Fish Sauce Market is classified
into,
§ Food Industries
§ Restaurants and Eateries
§ Domestic Use
By distributional channel, the Fish Sauce Market
is split up into,
§ Online Retailers
§ Specialty Stores
§ Convenience Stores
§ Supermarket/Hypermarket
By country/region, the Fish Sauce Market is divided
into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Hung Thanh Fish Sauce
§ Unilever Food Solutions
§ Masan Group
§ Thai Fish Sauce Factory Co Ltd
§ Red Boat Fish Sauce
§ Halcyon Proteins
§ RAYONG FISH SAUCE INDUSTRY CO. LTD
§ Pichai Fish Sauce Co Ltd
§ Thaipreeda Group
§ VIET PHU FOODS AND FISH CORPORATION
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Fish Sauce Market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Fish Sauce Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Fish Sauce Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as VIET PHU FOODS AND
FISH CORPORATION, Masan Group, Unilever Food Solution, Red Boat Fish Sauce and
many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Fish Sauce caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Fish
Sauce Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Fish Sauce Market
v
Identification
of key factors driving investment opportunities in the Fish Sauce Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants