Fish Sauce Market Report 2025

The fish sauce market size has grown strongly in recent years. It will grow from $18.47 billion in 2024 to $19.8 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to culinary diversity, globalization of cuisines, changing dietary preferences, cultural influences, increased consumer awareness.

The fish sauce market size is expected to see strong growth in the next few years. It will grow to $25.51 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to continued culinary exploration, health consciousness, global fusion cuisine trends, rising interest in umami flavors, expansion into new markets. Major trends in the forecast period include expansion of fish sauce application in culinary arts, packaging innovations for convenience, rise in demand for premium and specialty brands, exploration of fusion flavors and blends, increased awareness of health benefits, globalization of fish sauce brands.

The growing consumption of seafood is anticipated to drive the fish sauce market in the future. Seafood is an excellent source of protein and minerals and is well-regarded internationally for its unique flavors and textures. Many popular seafood dishes incorporate fish sauce, leading to an increase in demand as more people become familiar with its taste and start using it in their seafood preparations. For example, in September 2022, data published by the National Oceanic and Atmospheric Administration (NOAA), a U.S. scientific and regulatory agency, indicated that approximately 70-85% of all seafood consumed in the United States is estimated to be imported. Furthermore, in July 2022, Statistics Iceland, an Icelandic government agency, reported that the total fish catch in June 2022 was nearly 35,000 tons, reflecting a rise of 14,000 tons compared to June 2021. Therefore, the increasing seafood consumption is set to propel the fish sauce market.

The nutritional advantages associated with fish and seafood are anticipated to fuel the expansion of the fish sauce market. Recognized as rich sources of vital nutrients such as proteins, omega-3 fatty acids, vitamins, and minerals, fish and seafood offer substantial health benefits, aiding muscle development, repair, and overall bodily functions. Fish sauce, derived from fish, inherits these nutritional attributes. Reports from sources such as Verywell Fit emphasize the positive health outcomes linked to regular seafood consumption, attributing a lower risk of heart disease to omega-3 fatty acids present in fish. Moreover, research suggests that these fatty acids may alleviate symptoms related to rheumatoid arthritis while potentially enhancing brain and eye health. This nutritional aspect contributes significantly to driving the growth of the fish sauce market.

Product innovation stands as a prevalent trend shaping the fish sauce market, with advancements introducing modern variants utilizing contemporary production techniques and superior-quality ingredients. These innovations have expanded the utilization of fish sauce beyond traditional dishes and cuisines. For example, in January 2022, Sozye, a UK-based sauce maker, unveiled a line of plant-based fish sauces named nish, noyster, and noya. These environmentally friendly alternatives cater to non-traditional culinary uses, presenting a sustainable choice for diverse dishes. This trend showcases how innovative approaches are reshaping the fish sauce market landscape, appealing to evolving consumer preferences and culinary diversity.

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 include Tang Sang Hah Co. Ltd., Masan Group, Thai Preeda Co. Ltd., Shantou Haimao Foodstuff Factory Limited Company, Teo Tak Seng Fish-Sauce Factory Co. Ltd, Thai Fishsauce Factory Squid Brand Co Ltd, Rayong Fish Sauce Industry Co. Ltd, Pichai Fish Sauce Co. Ltd, Halcyon Proteins PTY Ltd, Hung Thanh Co. Ltd., Unilever PLC, Nestle S.A., Louisiana Fish Fry, Pantainorasingh Manufacturer Co. Ltd., Phu Nhi, Thanh Hung Co. Ltd, Viet Phu Inc., Shantou Fish Sauce Factory Co. Ltd., Rungroj Fish Sauce Co. Ltd., Cholimex Food Company.

North America was the largest region in the fish sauce market in 2024. The regions covered in the fish sauce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fish sauce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Fish sauce is a fermented fish product made by combining fish with salt and allowing the mixture to ferment for several months. This process results in a pungent, flavorful, and salty liquid used as a condiment to enhance the taste of various dishes in different cuisines.

The main types of fish sauce include Korean fish sauce, Japanese fish sauce, Southeast Asian fish sauce, and Western fish sauce. Korean fish sauce is specifically made from anchovies and salt, serving as a popular condiment in Korean cuisine to add depth to soups and other dishes. It is available in both plain and spiced variations, with a range of basic to premium price points. The distribution channels for fish sauce encompass supermarkets, hypermarkets, convenience stores, specialty stores, and online retailers. Fish sauce is used for domestic cooking, in restaurants, and across various applications in the food industry.

The fish sauce market research report is one of a series of new reports that provides fish sauce market statistics, including fish sauce industry global market size, regional shares, competitors with a fish sauce market share, detailed fish sauce market segments, market trends, and opportunities, and any further data you may need to thrive in the fish sauce industry. This fish sauce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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