By 2033, the fish paste product market in China is expected to reach $1.8 billion

Vietnamese fish sauce and fish paste have shown positive export growth to various regions, with particularly significant export increases in major markets such as South Korea, Thailand, China, Hong Kong, and Japan.

Since the beginning of this year, Vietnamese fish sauce and fish paste have attracted attention from emerging markets, including Russia, Spain, and the United Kingdom.

In 2024, the global fish paste product consumption market size reached $6.4 billion, and industry experts predict that by 2033, this figure will exceed $10 billion.

By 2033, China is expected to become the world's leading fish paste product market, with a market size reaching $1.8 billion. Although the United States has also contributed to the growth of the fish paste product market, forecasts show that its market size will be lower than China's by 2033. However, due to the high consumption of seafood products like crab sticks made from fish paste, the United States will remain a major market participant.

In the Asia-Pacific region, countries such as Japan, Indonesia, Malaysia, and Thailand have become key players in the global fish paste product market, actively promoting consumption and developing innovative fish paste products.