The fish sauce market is segmented on the basis of product, application, distribution channel, price, and geography. By product, the segmentation goes like Southeast Asian, Japanese, Korean, and Western. By price, the market says premium and basic. By application, the fish sauce industry spans domestic use, food industries, restaurants, and others. By distribution channel, it comprises indirect sales and direct sales. Indirect sales could be further segmented into wholesalers, specialty stores, supermarkets, hypermarkets, online retailers, convenience stores, and others. By geography, it constitutes Asia Pacific, MEA, LATAM, Europe, and North America.
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The Asia Pacific dominates the market due to the reasons mentioned above. Besides, a rise in disposable income coupled with urbanization catalyzes the market. In North America, the U.S. is the major contributor. Europe is witnessing growth in demand for dietary supplements and functional foods. This factor is expected to hold the hopes strong for Europe.
The players contributing to the fish sauce market include Teo Tak Seng Fish-Sauce Factory Co. Ltd., Rungroj Fish Sauce Co. Ltd., Thaipreeda Group, TANG SANG HAH Co. Ltd., Fish Marine Resources Development Co. Ltd., Viet Phu, Inc., Rayong Fish Sauce Industry Co. Ltd., Pichai Fish Sauce Co. Ltd., and Halcyon Proteins Pty. Ltd.
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