The global Fish Sauce Market was projected to reach US$15.32 billion in market value in 2018, according to a recent research distributed by Million Insights Inc. This market is expected to reach US$19.5 billion by 2025 with a CAGR of 3.5%.
This could be attributed to a strong demand for fish sauce in the form of condiment in various cuisines. Industry manufacturing of fish sauce requires combining fish essence, coloring, preservatives, flavoring, and sweeteners.
Vietnam is the largest consumer of fish sauce due to the fact that the Vietnamese believe in nutritional value of conventionally made fish sauces. These sauces are reported to have nitrogen at the highest level. The 2nd largest consumer of fish sauce is China. Fish sauce is used as an ingredient for soups and casseroles in Southern China.
The fish sauce market is segmented on the basis of product like Southeast Asian, Japanese, Korean, and Western. Asia Pacific is the most important mar- ket for fish sauce, followed by the US and the EU markets.
