Global Fish Sauce Market Overview:
Fish sauce is made of fermented fish and salt in addition fish essence, preservatives, sweeteners, flavoring, and artificial coloring are added in the fish sauce. Increasing awareness about health benefit associated with as it is rich in protein. Further, increasing consumption of ready to eat food, and rising demand from developing countries, increasing focus on advertising and marketing activities by companies expected to drive the fish sauce market over the forecasted period.
Growth Drivers
- Rising Application of Fish Oil as Condiment in Various Cuisines
- Changing Food Choices Fueled by Rising Disposable Income
Roadblocks
- High Cost Associated with Fish Sauce
- Stringent Government Regulations Regarding Food Products
Opportunities
- Rising Demand from Grocery and Foodservice Sector
- Increasing Disposable Income in the Emerging Countries
Challenges
- Growing Dominance of Local Players in Market
Competitive Landscape:
Some of the key players profiled in the report are Tang Sang Ha Company Limited (Thailand), Thaipreeda Group (Thailand), Viet Phu foods and fish Corp. (Vietnam), Thai Fish Sauce Factory (Squid Brand) Co., Ltd (Thailand), Marine Resources Development Co., Ltd. (Thailand), Rungroj Fish Sauce Co., Ltd. (Thailand), Pichai Fish Sauce Co. Ltd. (Thailand) and Rayong Fish Sauce Industry Co., Ltd. (Thailand). Additionally, following companies can also be profiled that are part of our coverage like Red Boat Fish Sauce (United States) and Halcyon Proteins (Australia). Analyst at AMA Research see Thiland Vendors to retain maximum share of Global Fish Sauce market by 2026. Considering Market by Price, the sub-segment i.e. Basic will boost the Fish Sauce market. Considering Market by Distribution Channel, the sub-segment i.e. Specialty Stores will boost the Fish Sauce market.
October 2018, Food and Drug Association (FDA) denied the ban on importing fish sauce from Thailand to the United States.
“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.”
What Can be Explored with the Fish Sauce Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fish Sauce Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fish Sauce
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fish Sauce market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fish Sauce market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fish Sauce Manufacturers, Fish Sauce Distributors and Suppliers, Online Retailers, Governments and Industry Associations, Consulting Companies, Research Laboratories, Market Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.