Enjoy complimentary customisation on priority with our Enterprise License!
The Fish Sauce Market size is projected to increase by USD 915.54 million at a CAGR of 6.83% between 2023 and 2028. Market expansion hinges on various factors, including the growing preference for cooking convenience, extensive utilization across diverse culinary applications, and the increasing demand for ethnic cuisines. These elements collectively shape the trajectory of market growth, reflecting evolving consumer lifestyles and culinary preferences. The increasing preference for cooking convenience underscores the demand for time-saving and easy-to-use cooking solutions. Simultaneously, the wide application signifies its versatility and popularity as a flavor enhancer in various dishes worldwide. Additionally, the growing demand for ethnic cuisines highlights the culinary diversity sought by consumers and the expanding market for authentic international flavors. Thus, the interplay of these factors delineates the landscape for the anticipated expansion of the market catering to convenience cooking products, and ethnic food offerings. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
Increasing preference for convenience in cooking is notably driving the market growth. Nowadays, hectic lifestyles and the need for leisure time have increased the demand for convenience food products. This has led manufacturers to introduce seasoning products that not only save time in the kitchen but are also easy to use. The number of consumers who prefer home-cooked food over dining out is on the rise and is expected to increase further. In addition to offering convenience food products, manufacturers are also offering convenient product packaging solutions that allow easy use and storage. An increase in the number of single-person households and the rise in social gatherings and parties are some of the other reasons for the rise in demand during the forecast period. Thus, the increasing need for convenience in cooking will drive the growth of the market during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.