“According to The Việt Nam Association of Seafood Exporters and Producers (VASEP), in co-ordination with the Việt Nam High Quality Goods Enterprise Association, traditional fish sauce must have the nitrogen amount of at least 15 degrees N (this is a standard measure that indicates the grams of nitrogen per liter of fish sauce, with a higher number indicating a higher quality), no preservatives, no pigments and artificial colouring, and its salt content must be 245gm to 290gm per litre of fish sauce. Also, the breeding period of the raw fish used to make the fish sauce must be at least nine months.”
The article cited AMA's "Global Fish Sauce Market Study" explored CAGR of %. According to the report, Increasing Demand of Ready-To-Eat Fish Sauce Products
is one of the primary growth factors for the market. Rising Application of Fish Oil as Condiment in Various Cuisines
is also expected to contribute significantly to the Fish Sauce market. Overall, Food Industries
applications of Fish Sauce, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Price, such as Basic, is boosting the Fish Sauce market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution Channel, such as Specialty Stores, is boosting the Fish Sauce market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Fish Sauce market identified that the demand is rising in many different parts of the world as "Rising Demand from Grocery and Foodservice Sector
". Furthermore, some recent industry insights like "October 2018, Food and Drug Association (FDA) denied the ban on importing fish sauce from Thailand to the United States." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Fish Sauce market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Fish Sauce market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Fish Sauce market size is calculated using market estimation process, the Fish Sauce market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Fish Sauce market size has been validated using both top-down and bottom-up approaches.