Surimi Market Size, Share, Growth, Trends and Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a 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 surimi market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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 paste-like substance that serves as a colorful and flavored substitute for various crustacean meats like crab, lobster, and shrimp. It is produced commercially through a process of washing, grinding, and blending underutilized fish or animal flesh. The mixture is then combined with preservatives, starch, sugar, and artificial flavors to create surimi. Rich in calories, proteins, carbohydrates, omega-3 fatty acids, vitamin B12, sodium, selenium, and phosphorus, surimi offers several health benefits. It has a long shelf-life, consistent quality, and enhances the texture and flavor of dishes. Surimi is low in fat and cholesterol, making it a healthy option that helps build muscles, repair tissues, improve metabolism, and boost the immune system.

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What are the growth prospects and trends in the surimi industry?

The surimi market is driven by an increasing demand for this cost-effective seafood substitute in a variety of dishes, including soups, sushi, salads, hot pots, tacos, burritos, and stir-fries. Additionally, its widespread adoption in ready-to-eat (RTE) snacks like wraps, fish balls, crab sticks, and nuggets further contributes to market growth. Consumers are becoming more aware of the various health benefits of surimi, such as its role in strengthening bones and muscles, maintaining a healthy body weight, promoting cognitive functions, and regulating hormones. Advanced production methods like high-pressure processing (HPP) and enzymatic hydrolysis have improved manufacturing efficiency, reduced waste generation, and enhanced the texture and flavor of the final product, boosting market growth. Increasing expenditure capacities of consumers, easy availability through e-commerce platforms, and growing investments in research and development (R&D) for advanced production methods are expected to drive the surimi market in the future.

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

Market Breakup by Region:

• 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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