Demand For Fish Sauce Is Projected To Expand 1.7x To Reach Us$ 29.1 Bn By 2021-2031| Fact.MR Study
– Global fish sauce market revenue to reach US$ 16.74 Bn by 2021-end – By flavor, plain fish sauce sales likely to account for half of the global revenue – Traditional fish sauce production to yield an incremental opportunity worth US$ 180 Mn by 2031 – Sales of fish sauce to rise the fastest across modern trade channels, clocking a CAGR of 5% – Asia to be the largest fish sauce consumer, registering a market share worth 47%
– TANG SANG HA CO. Ltd – Masan Consumer Corporation – Thai Preeda Group – Shantou Fish Sauce Factory Co. Ltd – Teo Tak Seng Fish-Sauce Factory Co. Ltd – Thai Fishsauce Factory (Squid Brand) Company Limited – Rayong Fish Sauce Industry Co. Ltd
“Rising seafood consumption amid documented health benefits as well as an increased tilt towards inculcating exotic and ethnic food tastes are amongst the key drivers expected to broaden prospects for fish sauce demand across the forthcoming decade,” comments a Fact.MR analyst.
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