Surimi Market Upcoming Future Growth, Competitive Analysis and Forecast 2029

Surimi Market is expected to grow to USD 5.97 billion by 2029, at a CAGR of 6.2%.

Surimi Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Surimi industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Surimi Market Dynamics?

Key Drivers of the Surimi Market

Growing Demand for Seafood Products: Surimi's surging popularity is driven by an increasing demand for seafood products. As people seek healthier and more convenient sources of protein, Surimi offers a lean, affordable, and versatile alternative.

Growing Popularity of Processed Seafood Products: Surimi's unique texture and flavor make it an essential ingredient in processed seafood products such as imitation crab sticks, seafood salads, and seafood spreads. This demand is in response to consumers looking for edible and convenient seafood options.

Changing Dietary Trends: With changing dietary trends focusing on healthier eating habits and a desire for delicious, convenient seafood options, Surimi fits the bill perfectly. It is low in fat and high in protein, making it an excellent choice for health-conscious consumers.

Market Trends and Opportunities

Introduction of New Surimi Products: The market is witnessing a surge in the introduction of new Surimi-based products, catering to evolving consumer preferences and lifestyles. Products like Surimi-based hamburgers, flavored Surimi sticks, and Surimi noodles are gaining popularity.

Convenience of Surimi Products: Convenience is a key trend in the Surimi market, with ready-to-eat Surimi products making it easier for consumers to enjoy seafood. Sushi-grade Surimi, seafood salad kits, and Surimi snacks are making seafood more accessible.

Diversification of Products: Companies can expand their product range to respond to a broader range of consumer preferences. Vegan, gluten-free, and nutritionally balanced Surimi products can tap into new markets.

Surimi Market Segmentation?

By Type

The surimi market is divided into three categories based on type: frozen, chilled, and fresh. With a 70% market share, the frozen surimi category leads the surimi market and is projected to grow at a 7% CAGR over the forecast period. For consumers who prefer to freeze products for later use, frozen surimi is more handy because it has a longer shelf life than fresh and chilled surimi. Furthermore, frozen surimi is more easily accessible for customers and is more readily available than other varieties in many places. The quality and flavour of frozen surimi products have been preserved thanks to advancements in freezing and packaging technologies, which will support the surimi market's growth in the upcoming years.

By Source

Considering the source There are two segments in the surimi market: Tropical and Cold Water. The market was led by the tropical category in 2022, and this trend is expected to continue during the forecast period. Because it is less expensive than other seafood, this segment draws customers who are searching for an affordable way to enjoy seafood. Furthermore, tropical surimi uses fish species that are common in tropical areas, making it a more sustainable option for seafood than traditional seafood. Consequently, the greater market share of this category is probably due in part to the overall quantity of tropical fish.

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Who are Surimi Market Key Players?

1. Viciunai Group (Lithuania)
2. Trans-Ocean Products (USA)
3. Seaprimexco Vietnam (Vietnam)
4 Gadre Marine (India)
5. Ocean More Foods Co., Ltd. (China)
6. APITOON (Thailand)
7. Luck Union Foods (Thailand)
8. Sugiyo Co., Ltd. (Japan)
9. Aquamar Inc. (Canada)
10. Fujimitsu Corporation (Japan)
11. SeaPak (USA)

Table of content for the Surimi Market includes:

Part 01: Executive Summary

Part 02: Scope of the Surimi Market Report

Part 03: Global Surimi Market Landscape

Part 04: Global Surimi Market Sizing

Part 05: Global Surimi Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific: With 50% of the market share, Asia Pacific leads the Surimi market, driven by its cost-effectiveness, adaptability, and taste.

Europe: Europe is the second-largest market, where health consciousness, demand for convenience, and a diverse culinary landscape have propelled Surimi's popularity.

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