The Fish Sauce Market is being driven by Increasing preference for convenience in cooking
The Fish Sauce Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1282.6 million. The global fish sauce market is poised for significant expansion due to the increasing retail space and growing consumer preference for convenience. Primary distribution channels include supermarkets and hypermarkets, convenience stores, and discount retailers. Notably, online sales are experiencing substantial growth, with platforms such as Amazon, Tesco, BigBasket, and others driving market growth. Furthermore, key players like American Garden, KC Masterpiece, Killer Hogs, Trader Joes, and VEEBA have established a strong online presence to cater to this trend.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
249 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.4% |
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Market growth 2025-2029 |
USD 1282.6 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
6.8 |
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Key countries |
China, India, Japan, South Korea, Australia, US, Germany, UK, France, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Fish Sauce Market caters to ethnic cuisines, with Thai and Vietnamese being prominent. These sauces are rich in Vitamin D, making them a healthy addition to gourmet food and sustainable production. Gourmet food stores stock preservative-free options, ideal for those seeking authentic, medium or light viscosity sauces. Thai Stir Fry benefits from Fish Sauce's savory taste, while Vietnamese Cuisine uses it in place of Soy Sauce. Both Thick and Medium viscosity versions are available, catering to various dietary preferences, including Gluten-Free choices.
The global packaged foods and meats market encompasses businesses engaged in the processing and packaging of foods and meats to ensure food safety and extend shelf life. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market segment does not include equipment manufacturers or producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors driving market growth include the health benefits associated with consuming minimally processed foods, such as artisanal meats and intricately flavored ready-to-eat meals, which are rich sources of essential nutrients like omega-3 fatty acids, potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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