Global Fish Sauce Market 2019-2023 | Production of Fish Sauce From Fish Waste to Boost Growth | Technavio

Technavio has announced its latest market research report titled global fish sauce market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global fish sauce market is expected to post a CAGR of over 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

Fish sauce is used for cooking a variety of dishes as it helps in adding a savory flavor to food. Fish sauce is an essential ingredient in dishes made in countries such as Cambodia, Vietnam, and Thailand. The increasing number of people that prefer to cook at home than dine out is also expected to drive market growth during the forecast period. Cooking shows are encouraging people to experiment and cook at home. Thus, the growing use of fish sauce and the rise in the number of people cooking at home are factors that will drive the global fish sauce market during the forecast period.

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As per Technavio, the production of fish sauce from fish waste, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Fish Sauce Market: Production of Fish Sauce from Fish Waste

There is significant wastage of fresh fish across the globe. It is estimated that about 33% of the total fish caught is wasted because it rots before it can be consumed. Fish waste can be effectively reduced by processing fresh fish and preparing by-products such as fish feed and fish sauce. The use of fish waste to produce fish sauce will help in better utilization of fish. Therefore, efforts to utilize fish waste across the world will increase the production of fish sauce, which will drive market growth during the forecast period.

“Apart from the production of fish sauce from fish waste, the rise in the online sale of fish sauces and the increasing popularity of vegan fish sauce are some other factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

Global Fish Sauce Market: Segmentation Analysis

This market research report segments the global fish sauce market by product (industrial fish sauce and traditional fish sauce) and geographical regions (APAC, Europe, North America, MEA, and South America).

The APAC region led the market in 2018, followed by Europe, North America, MEA and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market and register the highest incremental growth due to the increasing production of fish in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global fish sauce market is expected to post a CAGR of over 5% during the period 2019-2023, according to the Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com