IMARC Group, a leading market research company, has recently releases report titled “Surimi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global surimi market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the surimi market?

The global surimi market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

What is surimi?

Surimi is a versatile, colorful, and paste-like substance that serves as a popular substitute for various crustacean meat, such as shrimp, crab, and lobster. It is prepared by thoroughly washing, grinding, and blending underutilized fish or animal flesh and then adding preservatives, starch, sugar, and artificial flavors. Surimi is a rich source of vital nutrients, including calories, proteins, carbohydrates, omega-3 fatty acids, vitamin B12, sodium, selenium, and phosphorus. As a result, it is widely used as a preferred ingredient in sushi, salads, sandwiches, seafood cocktails, stir-fries, pasta dishes, snacks, tacos, omelets, and pizzas. Since it offers a long shelf-life, consistent quality, and the ability to enhance the texture and flavor of dishes, surimi is gaining immense traction across the globe. 

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What are the growth prospects and trends in the surimi?

The global surimi market is primarily driven by the rising demand for seafood among consumers. Moreover, the surging adoption of surimi in ready-to-eat (RTE) snacks, such as rolls, fish balls, nuggets, and sandwiches, is positively influencing the market growth. Additionally, the growing awareness about the numerous health benefits of surimi, such as improved metabolism, strengthened muscles and bones, reduced inflammation, and lower risk of obesity and cardiovascular diseases, have catalyzed the product demand. Furthermore, the development of advanced manufacturing methods, such as high-pressure processing (HPP) and enzymatic hydrolysis, that improve production efficiency, reduce waste, and enhance the final product's texture and flavor, is contributing to market growth. Other factors, including rising investments in research and development (R&D) activities, easy product availability through e-commerce channels, changing dietary preferences, and inflating consumer disposable incomes, are also anticipated to drive the market further. 

What is included in market segmentation?

The report has segmented the market into the following categories:

Packaging Insights:

  • Chilled or Fresh
  • Source

Source Insights:

  • Alaska Pollock
  • Pacific Whiting
  • Silver Carp and Others

Distribution Channel Insights:

  • Direct Sales
  • Retail Sales
  • Supermarkets and Hypermarkets
  • Online Retails
  • Wet Market

Breakup by Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • American Seafoods Group
  • Apitoon Group
  • Aquamar Inc (Lm Foods LLC)
  • Gadre Marine Pvt. Ltd.
  • Glacier Fish Company LLC
  • Ocean Food Company Ltd.
  • OceanFood Sales Ltd.
  • Pacific Seafood Group
  • Russian Fishery Company LLC
  • Seaprimexco Vietnam
  • Thong Siek Global
  • Trident Seafoods Corporation
  • Viciunai Group

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