Fish Sauce Market Report 2026

The fish sauce market size has grown strongly in recent years. It will grow from $19.71 billion in 2025 to $20.94 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to traditional use in southeast asian cuisines, established fermentation practices, strong household consumption patterns, expansion of ethnic food markets, growth of restaurant and foodservice demand.

The fish sauce market size is expected to see strong growth in the next few years. It will grow to $27.52 billion in 2030 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to growing global interest in ethnic flavors, rising demand for premium condiments, expansion of international food trade, increasing use in packaged foods, innovation in low-sodium formulations. Major trends in the forecast period include rising demand for authentic asian condiments, expansion of premium and artisanal fish sauce varieties, growing preference for naturally fermented products, increasing use in processed and ready-to-cook foods, wider availability through modern retail channels.

The rising consumption of seafood is expected to drive growth in the fish sauce market in the coming years. Seafood, a rich source of protein and minerals, includes edible aquatic animals such as fish, shellfish, and other marine or freshwater organisms. Increasing seafood consumption is driven by growing health awareness, as consumers recognize seafood’s benefits, including high-quality protein, omega-3 fatty acids, vitamins, and minerals that support heart and overall health. Fish sauce enhances seafood by adding umami depth and amplifying natural flavors, creating a more savory and balanced taste experience. For example, in 2024, according to the NSW Government, an Australia-based administrative authority, Australia’s fisheries exports rose by 2.4%, totaling $1.34 billion in 2023-24. Therefore, increasing seafood consumption is supporting the growth of the fish sauce market.

Key companies in the fish sauce market are concentrating on creating innovative solutions, such as the invasive species fish sauce production initiative aimed at addressing the overpopulation of Blackchin tilapia. This project not only manages ecological issues but also generates economic value and provides vocational training for inmates. The goal of the invasive species fish sauce production initiative is to utilize invasive fish species as a sustainable raw material for producing high-quality fish sauce, thus addressing environmental concerns while creating a profitable product in the seafood market. For example, in October 2024, the Department of Corrections, a Thailand-based agency under the Justice Ministry, the Department of Fisheries, part of the Ministry of Agriculture and Cooperatives in Thailand, and Charoen Pokphand Foods Public Company Limited (CPF), a Thailand-based agro-industrial and food enterprise, collaboratively launched Hub Poei Mae Klong, a fish sauce project. This initiative converts the invasive Blackchin tilapia into fish sauce, generating economic value while managing the species' overpopulation. Additionally, it provides vocational training for inmates, fostering social reintegration and supporting environmental sustainability in Thailand.

In July 2024, Solina, a savory food manufacturer based in France, acquired Rich Sauces Ltd. for an undisclosed sum. This acquisition aims to consolidate Solina's sauce presence in Europe, bolster its leading position in the foodservice sector, and enhance its product offerings by utilizing Rich Sauces' expertise in innovative and premium sauce solutions. Additionally, the acquisition is intended to leverage synergies to provide greater value to customers across Europe and North America. Rich Sauces Ltd. is a UK-based company that manufactures a variety of sauces, including fish sauces.

Major companies operating in the fish sauce market are Masan Group, Tang Sang Hah Co. Ltd., Thai Preeda Co. Ltd., Thai Fishsauce Factory Squid Brand Co. Ltd., Rayong Fish Sauce Industry Co. Ltd., Pichai Fish Sauce Co. Ltd., Pantainorasingh Manufacturer Co. Ltd., Rungroj Fish Sauce Co. Ltd., Teo Tak Seng Fish-Sauce Factory Co. Ltd., Hung Thanh Co. Ltd., Thanh Hung Co. Ltd., Viet Phu Inc., Phu Nhi, Cholimex Food Company, Shantou Haimao Foodstuff Factory Limited Company, Shantou Fish Sauce Factory Co. Ltd., Halcyon Proteins Pty Ltd, Megachef Food Products Co. Ltd., Phu Quoc Fish Sauce Joint Stock Company, Nam Ngu Fish Sauce Company.

North America was the largest region in the fish sauce market in 2025. The regions covered in the fish sauce market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fish sauce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The fish sauce market consists of sales of bottled fish sauce, individual serving packets, seasoning blends, dipping sauces, and marinades. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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