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Global Fish Sauce Market is segmented By Product Type (Industrial and Traditional); by Composition (Basic and Premium); by End-user (Food Manufacturers, Retail, and Foodservice); by Geography.
Fastest Growing Market:
The global fish sauce market is expected to register a CAGR of 3.2%, during the forecast period (2020 - 2025).
The global fish sauce market is segmented by product type into industrial and traditional. By composition, the scope includes basic and premium. By the end-user, the scope includes food manufacturers, retail, and foodservice. By geography, the scope includes North America, Europe, Asia-Pacific and Rest of the World which includes South America, and Middle East & Africa.
|By Product Type|
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The increasing demand for convenience, among the population, has led to the availability of fish sauces in the supermarkets/hypermarkets. Modern trade channels have taken the front seats, resulting in the increasing market shares of the supermarkets and hypermarkets. The varied product options, provided under a single roof, have given this channel an added advantage. The fish sauce section at a supermarket in Saigon has various brands of fish sauce, on its shelves. Stores, like Whole Foods, do not offer Megachef, but they do have Red Boat, an excellent artisanal brand from Vietnam. Many convenience stores are available in Asian countries, thereby, making it easier for consumers to buy food products.
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The major players in the United States fish sauce market are the international players from Thailand, Vietnam, and Singapore. Some of the major brands in the country are Red Boat Fish Sauce and Squid. The consumer demand for the fish sauce will continue to increase, due to the various health benefits offered by the product, and also because it boosts the taste of the food. Due to increasing health-consciousness among the consumers, manufacturers are making the fish sauce by fermenting the fish using natural ingredients, such as salt and water. Despite significant demands from the Southeast Asian countries, the United States is witnessing a growing market for fish sauce. This growth is further promoted by the expansion of the distribution channels.
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The global fish sauce market is consolidated and highly competitive, particularly with the dominance of a few global players. Masan Consumer and Red Boat are the leading players in the global fish sauce market. The strategies for expansions and strategic agreements have been crucial for their development in the global market scenario. Hung Thanh is a traditional fish sauce manufacturer, that exports its products to the European, Asian, American, and Australian markets.
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.2 By Composition
5.3 By End-User
5.3.1 Food Manufacturers
5.3.3 Food Service
5.4 By Geography
5.4.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.4.3 Asia Pacific
18.104.22.168 Rest of Asia-Pacific
5.4.4 Rest of the World
22.214.171.124 South America
126.96.36.199 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Red Boat Fish Sauce
6.4.2 Thai Fishsauce Factory (Squid Brand) Co. Ltd
6.4.3 Unilever Food Solutions
6.4.4 Masan Group
6.4.5 Rayong Fish Sauce Co. Ltd
6.4.6 Rungroj Fish Sauce Co. Ltd
6.4.7 Pichai Fish Sauce Co. Ltd
6.4.8 Tang Sang Ha Co.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability