![]() These are largely available in powder forms in sachets to offer optimal taste and convenience to consumers. This is compelling manufacturers to launch a wide range of packaged ready-to-prepare fish gravies. ![]() How is Soaring Demand for Ready-to-prepare Food Propelling Fish Sauce Sales?Ĭonsumers are inclined toward fish meat as a replacement for chicken and red meat owing to the numerous nutrients found in fish such as omega-3, vitamin D and B2. The global market for fish sauce is forecast to witness growth at a CAGR of 6% over the forecast period, from US$ 18.4 billion in 2023 to US$ 31.6 billion in 2033. The availability of naturally fermented fish sauces, with many of them aimed explicitly at lowering sodium intake.The growing trend of eating naturally derived foods is boosting production. ![]() Other factors facilitating the market are: In recent years, to improve the flavor of cuisine, consumers are increasingly substituting fish sauce for soy sauce. Future Outlook 2023 to 2033įish sauce sales grew exponentially between 20, where the fish sauce industry was valued at US$ 16.14 billion in 2018 reaching US$ 17.73 billion in 2022. Fish sauce is quickly becoming a standard in table sauce selections as a wide consumer pool is willing to experiment with different flavored dishes.įish Sauce Market Value-based CAGR (2023 to 2033)Ĭustomize your report by selecting specific countries or regions and save 30%! Specify Scope Nowįish Sauce Market's Historic 2018 to 2022 Vs.Rising interest in multi-cuisine dishes among consumers.It is beneficial for enhancing overall health, encouraging a legion of health-conscious populations from across the globe to opt for the same, in turn surging the overall demand. These sauces are naturally fermented and rich in nutrients derived from fish and fish organs. Moreover, shifting preference to more natural and healthy eating habits is likely to propel the demand for fish sauce. Growth in the market for fish sauce is attributed to a rising preference for ethnic and spicy flavors among consumers. The global fish sauce market is poised to surpass US$ 18.4 billion in 2023, surging at a remarkable CAGR of 6.0% through 2033 to reach US$ 31.6 billion.
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