Surimi Market Size, Growth, Trends, Share & 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 versatile substance that serves as a substitute for various crustacean meats like crab, lobster, and shrimp. It is produced through a process involving washing, grinding, and blending underutilized fish or animal flesh, which is then combined with preservatives, starch, sugar, and artificial flavors. Surimi is known for its vibrant color, distinctive flavor, and paste-like texture. It is a nutrient-dense food, providing calories, proteins, carbohydrates, omega-3 fatty acids, vitamin B12, sodium, selenium, and phosphorus. Surimi offers several advantages, including a long shelf-life, consistent quality, and the ability to enhance the texture and flavor of dishes. It is also low in fat and cholesterol, making it a healthier option. Consumption of surimi can contribute to muscle building, tissue repair, improved metabolism, and a strengthened immune system.

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

The surimi market is experiencing growth primarily driven by the increasing demand for this cost-effective seafood substitute in various dishes such as soups, sushi, salads, hot pots, tacos, burritos, and stir-fries. Additionally, the market is being fueled by the widespread adoption of surimi in ready-to-eat snacks like wraps, fish balls, crab sticks, and nuggets. The product's health benefits, including promoting bone and muscle strength, maintaining a healthy body weight, supporting cognitive function, and regulating hormones, are gaining consumer awareness and positively impacting the global market. Furthermore, the development of advanced production methods such as high-pressure processing (HPP) and enzymatic hydrolysis is enhancing manufacturing efficiency, reducing waste generation, and improving the texture and flavor of the final product, thereby driving market growth. Increased consumer spending capacity, easy product availability through e-commerce platforms, and investments in research and development (R&D) for advanced production methods are expected to contribute to the growth of the surimi market in the coming years.

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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
Trident Seafoods Corporation
Viciunai Group

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.