Rising Preference for Crab and Crab-flavours to Drive Sales of Fish Surimi Market – Fact.MR Survey

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Fish Surimi. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fish Surimi Market across various industries and regions.

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Latest released report on the global Fish Surimi market by Fact.MR estimates that sales accounted for US$ 3.2 Bn in 2021, with the market projected to expand more than 1.8X by 2031.

The Fish Surimi market witnessed a favourable demand-supply scenario from 2016 to 2020 due to stable global production and rising demand. Demand for Fish Surimi is expected to continue to rise from the food service and food manufacturing sector, and also among consumers who prefer to cook at home.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fish Surimi market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fish Surimi

This newly published and insightful report sheds light on Market Insights of Fish Surimi, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fish Surimi Market. The study offers a comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the Fish Surimi market across the globe.

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Market Snapshot

Latest released report on the global Fish Surimi market by Fact.MR estimates that sales accounted for US$ 3.2 Bn in 2021, with the market projected to expand more than 1.8X by 2031.

The Fish Surimi market witnessed a favourable demand-supply scenario from 2016 to 2020 due to stable global production and rising demand. Demand for Fish Surimi is expected to continue to rise from the food service and food manufacturing sector, and also among consumers who prefer to cook at home.

Key Segments Covered in Fish Surimi Industry Survey

By Species
Fish Fish Surimi
Alaskan Pollock
Atlantic Cod
Tilapia
Black Bass
Others
Meat Fish Surimi
Pork Fish Surimi
Beef Fish Surimi

By Form
Fresh Fish Surimi
Whole
Fillet
Processed Fish Surimi
Canned
Frozen
Whole
Fillet

By Sales Channel
Direct Sales of Fish Surimi
Indirect Sales of Fish Surimi
Modern Trade
Convenience Stores
Specialty Food Stores
Wholesale Stores
Discount Stores
Online Retail
Other Retail Formats

By Application
Food Industry
Pharmaceutical Industry
Animal Feed
Pet Food
Food Service
Retail

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Competition Landscape

Fish Surimi is commonly used in foodservice and food manufacturing industries to prepare seafood such as crab sticks, fish sticks, and crab flakes, among others. Because of high demand for and application of Fish Surimi, top companies in the Fish Surimi market are focusing on increasing their distribution networks to reach a bigger consumer base.

This is increasingly prevalent among major manufacturers who want to expand their global footprint. Top frozen brands are focusing on acquiring smaller brands to enhance their distribution network and manufacturing capacity. For instance, the acquisition of Creative Seafood by Viciunai Group was aimed at strengthening its presence in France.

In 2021, The Russian Fishery Company (RFC) signed contracts to supply majority Fish Surimi to top Russian producers of Fish Surimi products, such as Vichinai Group, Meridian and Santa Bremor, among others

In 2021, Trident Seafoods, based in Seattle, teamed up with celebrity chef Nancy Fullerto to promote the company’s newly launched Louis Kemp Fish Surimi fish products.

Similar recent developments related to companies offering Fish Surimi have been tracked by the team at Fact.MR, which are available in the full report.

Moreover, through improved product development and advances in technological approaches, MFRD has continued to promote greater use of fisheries by-catch and low-value species through training and extension activities, and is providing technical assistance to the market in South East Asia. Primary goals include analyzing the status of demersal fishery resources as Fish Surimi raw materials in the region, empowering member countries, as well as future exploration plans of the Fish Surimi industry in the region.

Key Takeaways from Market Study

The U.S. is estimated to account for more than 91% of the North American market in 2021, supported by increased production of Alaska Pollock-sourced Fish Surimi.

According to Fact.MR analysis, China is estimated to account for more than 59% of the East Asian market share in 2021, driven by increased demand from the foodservice industry.

Spain is one of the prominent countries in the European market with a share of 18.4% in 2021, on the back of increased imports of Fish Surimi base.
Fish Fish Surimi is estimated to account for 86.9% market share in 2021, on the back of its nutritional properties and high-quality protein content.

Fresh Fish Surimi reflects approximately 57.8% of the market in 2021, but processed Fish Surimi is expected to witness a lucrative growth rate at 7.8% CAGR through 2031.

“Key players operating in the global market are investing in research & development facilities for new product developments. Manufacturers are focusing on sustainable farming of Fish Surimi,” says a lead analyst at Fact.MR.

Innovative Manufacturing Technologies to Improve Production of Fish Surimi

Manufacturing technologies are being improved in order to reduce the cost of Fish Surimi production. As a result, overall price of products is reducing. Since the commercialization of Fish Surimi technology in 1959, when the cryostabilisation technique was discovered, Fish Surimi processing has seen a number of breakthroughs. Major innovations in Fish Surimi processing include maximization of recovery using pH-modified protein and decanter centrifugation solubilization for all fish species.

Protease inhibitors and TGase for gel enhancement, modified starch for freeze-thaw resilience, improved pasteurization and packing for extended shelf-life, and nonconventional heat-setting techniques are all new innovations in Fish Surimi processing.

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Key Question answered in the survey of Fish Surimi market report:

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Growth of Fish Surimi Market
Market Analysis of Fish Surimi
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More Valuable Insights on Fish Surimi Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Fish Surimi, Sales and Demand of Fish Surimi, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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