Find out which product segment will dominate the global fish sauce market.

The global fish sauce market is expected to grow at a CAGR of 5.03% during the forecast period. Based on the product, the global fish sauce market has been segmented into industrial fish sauce and traditional fish sauce.

The quality of industrial fish sauce is perceived to be lower than traditional fish sauce. The industrial fish sauce is less salty, has a sweeter key taste, lighter color, and is lesser pungent than the traditional fish sauce. However, a larger yield of industrial fish sauce production is compelling several traditional fish sauce producers to switch to the industrial production of fish sauce. Industrial fish sauce products cost lesser than traditional fish sauce.

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The convenience of using industrial fish sauce compared with the traditional sauce will also drive the popularity of industrial fish sauce among consumers. Unlike the traditional fish sauce, industrial fish sauce need not be mixed with vinegar, sugar, and water to make it a dipping sauce. It can be directly poured over food products and can be served. Vietnam and Thailand were the largest producers of industrial fish sauce in the world in 2018. Thus, the increasing production of and demand for the industrial fish sauce will drive the segment of the global fish sauce market during the forecast period.