2 Nov
2023
People loving Thai, Vietnamese, and other Southeast Asian cuisines might have known about fish sauce. Fish sauce is a savory ingredient used to season several popular dishes such as “pad thai”. Furthermore, it has various other usages such as marinating meats, dressing vegetables, or enhancing the flavors in soups or stews. Fish sauce is obtained by fermenting oily fish such as anchovies, mackerel, or herring, with salt until a liquid state forms. Apart from punching up the savory flavor of various dishes, fish sauce also exhibits numerous health benefits. This article delves deep into the key elements driving the fish sauce market, such as innovative product launches among leading market players.Â
Various health benefits and uses of fish sauce:
Fish sauce is a golden-brown liquid that adds a distinct and delicious dimension to food. The umami element of fish sauce makes it ideal for cooking various oriental or western cuisines. Its strong savory flavor expands its use as an inviting dip, a marinade, and a substitute for salad dressing. In Thai food, fish sauce is used to marinate meat, acting as a surprising yet flavorful element in enhancing the entire dish. Fish sauce is immensely apt for stir-fried cuisines. It can be mixed with some soy sauce and oyster sauce to obtain a wonderful savory dish, such as stir-fried mixed veggies or noodles. Furthermore, fish sauce can create magic in Western-style soups or stews, such as beef stew or French onion soups. It can act as a hero ingredient by balancing savory flavor and other spices in such dishes.Â
Regarding health benefits, fish sauce is a sound source of protein that can fulfill the need to build tissues in the human body. In addition, it also contains a decent source of calcium, promoting bone strengthening. Despite acting as a seasoning element, the researchers found that including fish sauce in diets can lower blood pressure. In addition, the amount of amino acids in fish sauce can support sleep, regulate insulin production, and enhance the human digestive system and overall metabolism. Such health benefits of fish sauce can create excellent growth opportunities for the fish sauce market.
The fish sauce market is witnessing prominent growth, rising at a CAGR of 4.6% over the forecast period owing to the increasing interest in exploring new cuisines among individuals globally. Based on type, the Southeast Asian fish sauce segment is predicted to hold the dominant market share by garnering a revenue of $$1,484.0 billion over the estimated period from 2023 to 2032. Based on country, the UAE is expected to showcase the highest CAGR of 6.4% over the analysis timeframe.Â
Product launches:
In response to the growing craze for flavorful and new cuisines among individuals globally, several leading players have come up with interesting product launches. A suitable instance is the launch of Truffle Fish Sauce and Mala Spicy Fish Sauce by Squid Brand, a leading Thailand-based fish sauce firm. The firm launched these two products to expand its product offerings of personalized healthy fish sauces.Â
Another example is the launch of the Nuoc Cham mix by Red Boat Fish Sauce, a leading provider of the finest fish sauce. This product can enhance the taste and flavor of various Vietnamese cuisines such as rice noodle salad, chargrilled meats, spring rolls, and others.Â
To wrap up, the increasing popularity of Asian cuisine across the globe owing to rapid globalization and acceptance of different cultures may foster the global fish sauce market. In addition, the rise in the admiration of authentic ingredients in various dishes among people may bring ample growth opportunities for the market.Â
Koyel Ghosh
Authors Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.
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