Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Fish Sauce Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Fish Sauce Market?
The global fish sauce market has been experiencing significant growth. The market size, which stood at $18.47 billion in 2024, is projected to hit $19.71 billion in 2025. This represents a compound annual growth rate (CAGR) of 6.7%.
What Is the Forecasted CAGR for the Fish Sauce Market by 2029?
The fish sauce market is projected to grow to $25.5 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%.
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What Are the Market Drivers in the Fish Sauce Industry?
The key drivers in the fish sauce market are:
• Increased culinary exploration and usage of fish sauce.
• Rising health consciousness among consumers for fish sauce.
• Growth in the trend of global fusion cuisine incorporating fish sauce.
• Expansion of fish sauce into new geographical markets.
What Is the Segment-Wise Breakdown of the Fish Sauce Market?
The fish saucemarket covered in this report is segmented –
1) By Product Type: Korean Fish Sauce, Japanese Fish Sauce, Southeast Asian Fish Sauce, Western Fish Sauce
2) By Flavor: Plain, Spiced
3) By Price: Basic, Premium
4) By Distribution Channel: Supermarket And Hypermarket, Convenience Stores, Specialty Stores, Online Retailers
5) By Application: Domestic Use, Restaurants, Food Industries
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Which Emerging Trends Are Driving Growth in the Fish Sauce Sector?
The key trends in the fish sauce market are:
• Expansion of fish sauce application in culinary arts is a significant emerging trend.
• Packaging innovations for convenience are increasingly shaping the market's future.
• There is a growing demand for premium and specialty brands.
• Exploration of fusion flavors and blends along with increased awareness of health benefits are key trends.
Which Companies Are Dominating the Fish Sauce Market in Terms of Revenue?
Major players in the fish sauce market are:
• Tang Sang Hah Co. Ltd.
• Masan Group
• Thai Preeda Co. Ltd.
• Shantou Haimao Foodstuff Factory Limited Company
• Teo Tak Seng Fish-Sauce Factory Co. Ltd
• Thai Fishsauce Factory Squid Brand Co Ltd
• Rayong Fish Sauce Industry Co. Ltd
• Pichai Fish Sauce Co. Ltd
• Halcyon Proteins PTY Ltd
• Hung Thanh Co. Ltd.
• Unilever PLC
• Nestle S.A.
• Louisiana Fish Fry
• Pantainorasingh Manufacturer Co. Ltd.
• Phu Nhi
• Thanh Hung Co. Ltd
• Viet Phu Inc.
• Shantou Fish Sauce Factory Co. Ltd.
• Rungroj Fish Sauce Co. Ltd.
• Cholimex Food Company
What Are the Regions Driving Demand in the Fish Sauce Market?
North America was the largest region in the fish sauce market in 2024
