Fish Sauce Market Size Worth $19.50 Billion By 2025

The global fish sauce market size is expected to reach USD 19.50 billion by 2025 registering a CAGR of 3.51%, according to a new report by Grand View Research, Inc. Fish sauce contains numerous vital nutrients and minerals including iodine and vitamins A & D. Rising cases of thyroid problems and related diseases have led to an increased demand across the globe, thereby augmenting market growth.

Fish sauce is widely used as a substitute for soy sauce in many countries as it has a numerous health benefits. It is also used as an ingredient for casseroles and soups, which is propelling its demand further. In addition, manufacturers are using natural fermentation processes by using anchovies and sea salt to retain the product’s nutritional value. This is likely to contribute to the market growth.

Fish sauce is a staple ingredient in many cuisines, which is also expected to spur the demand in future. Moreover, print and media advertisements have played a big role in creating awareness about the product, thereby supporting the overall market growth. U.S. being the largest consumer, North America is expected to be the dominant regional market over the forecast period. The market in Central & South America is projected to register the fastest CAGR of 3.8% from 2019 to 2025.

Some of the key companies in the global market are Teo Tak Seng Fish-Sauce Factory Co. Ltd, Pichai Fish Sauce Co., Masan Consumer Corporation, Rayong Fish Sauce Industry Co., Ltd., Shantou Fish Sauce Factory Co., TANG SANG HAH CO., Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd., Fish Sauce Co., Ltd., Halcyon Proteins Pty. Ltd., and Hung Thanh Co. Ltd.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fish-sauce-market

Further key findings from the study suggest:

Traditional fish sauce is projected to be the fastest-growing, as well as the largest, product type segment over the forecast years
The restaurants application segment is likely to lead the global market expanding at the fastest CAGR of 3.6% from 2019 to 205
North America led the global fish sauce market in 2018 and accounted for a market share of 45%. The region is estimated to grow further at a steady CAGR during the forecast years
Key companies in the market focus on new product development and capacity and portfolio expansion to estimate existing and future demand patterns from upcoming application segments

Caviar Market Size Worth $496.3 Million By 2025

The global caviar market size is expected to reach USD 496.3 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.7% over the forecast period. Increasing use of caviar as seasoning or to sprinkle it on various food items such as pizza, burgers, sandwiches, ice cream, along with associated health benefits, is expected to propel the market demand over the forecast period.

Asia Pacific has been the fastest growing regional market in the world owing to increase in imports and exports, rapidly developing economies, and availability of a variety of fishes in the region. The market in Asia Pacific is anticipated to gain momentum due to high demand from developing countries like Japan and China.

The industry is witnessing rapid growth as caviar and related products have found wide applications in different sectors. The profitability aspects and rising demand from the consumers to compensate for their nutrient deficiencies are likely to attract new players and eventually benefit the market expansion.

Use of caviar in cosmetic products and health supplements is the latest trend in the market, which enables custom manufacturers to meet the desired product specifications by the customers. Restaurants has been the largest application segment for this product, wherein caviar is used in different food items, which not just improves taste but also makes them healthy.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/caviar-market

Further key findings from the study suggest:

Europe is expected to expand at a CAGR of 8.2% from 2019 to 2025, owing to high spending ability of the consumers and rise in health consciousness
In China, sevruga accounted for the largest share of 27.8% in 2018 on account of their high imports and exports. This product is used as a seasoning agent, health supplement, and consumed as a premium delicacy
The Caviar market in the U.S. is projected to exhibit a CAGR of 8.8% from 2019 to 2025, wherein the major share is held by The Caviar Co., California Caviar Corp., and few other companies
Restaurants accounted for 72.2% share in Germany with a revenue of USD 19.3 million in 2018
Product innovation, along with formation of alliances with distributors located in the developing economies including China and India, is projected to provide the competitive edge to the manufacturers in the near future