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

Latest released report on the global 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 surimi market witnessed a favourable demand-supply scenario from 2016 to 2020 due to stable global production and rising demand. Demand for 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.

Emphasis on raw material exploitation, utilisation of fisheries by-catch and underutilised species, stock evaluation, preservation of the environment, pollution control, and water consumption are expected to encourage manufacturers to invest in sustainable surimi manufacturing processes.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5014

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 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 Surimi

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

Demand Analysis for Surimi from 2016 to 2020 Vs Future Projections for 2021 to 2031
As per Fact.MR, a market research and competitive intelligence provider, over the past half-decade, global market value for surimi increased at a CAGR of around 4.7%, driven by increased demand for fish surimi across regions such as South Asia and Europe.

Meanwhile, sales of surimi are projected to further rise at a healthy CAGR of around 6.1% over the forecast period. Surimi's application as a substitute for real crabs and other shellfish species is expected to increase due to its low cost and high convenience.

Use of surimi in imitation seafood products is driving growth of the global market. Imitation crab is becoming more popular among consumers for preparing seafood at home since it is less expensive and has high nutritious content. Other seafood products, on the other hand, such as salmon, tuna, lobsters, and so on, are struggling to maintain a large market share due to rising prices. Surimi's increased application in the preparation of crab-flavoured products and other seafood is expected to boost sales over the coming years.

Use of surimi in value-added products is also boosting global market growth. The potential for sustainable surimi waste utilization is bound to increase surimi based-products produced over the years to come.

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=5014

Key Segments Covered in Surimi Industry Survey
By Species
Fish Surimi
• Alaskan Pollock
• Atlantic Cod
• Tilapia
• Black Bass
• Others

Meat Surimi
• Pork Surimi
• Beef Surimi

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

By Sales Channel
• Direct Sales of Surimi
• Indirect Sales of 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

Competition Landscape
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 surimi, top companies in the 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 surimi to top Russian producers of 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 surimi fish products.
Similar recent developments related to companies offering surimi have been tracked by the team at Fact.MR, which are available in the full report.

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/5014

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 surimi raw materials in the region, empowering member countries, as well as future exploration plans of the 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 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 surimi base.
• 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 surimi reflects approximately 57.8% of the market in 2021, but processed 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 surimi,” says a lead analyst at Fact.MR.

Innovative Manufacturing Technologies to Improve Production of Surimi

Manufacturing technologies are being improved in order to reduce the cost of surimi production. As a result, overall price of products is reducing. Since the commercialization of surimi technology in 1959, when the cryostabilisation technique was discovered, surimi processing has seen a number of breakthroughs. Major innovations in 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 surimi processing.

Read More Trending Reports of Fact.MR-https://www.einpresswire.com/article/556952826/why-is-the-japan-an-opportunistic-cellulose-automotive-air-filter-landscape-report-fact-mr

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.