Press release
Surimi Industry Analysis in Middle East & Africa reach a value of reach US$ 76.4 Million by 2034
Surimi sales in the Middle East and Africa are expected to reach US$ 46.6 million in 2024, increasing at a 5% CAGR over the next ten years (2024-2034). The Middle East and Africa market is expected to be worth $76.4 million by the end of 2034.The Surimi industry in the Middle East & Africa has undergone significant developments, reflecting the region's increasing appetite for diverse and innovative seafood products. Surimi, a versatile seafood product typically made from fish, has gained traction in Middle Eastern and African markets due to its adaptability in various culinary traditions. The industry's growth is marked by the popularity of surimi-based products, such as imitation crab and fish sticks, catering to the region's diverse consumer preferences. As demand for convenient and protein-rich food options rises, the Surimi industry in the Middle East & Africa serves as a dynamic player in the evolving culinary landscape, providing consumers with a seafood alternative that aligns with cultural tastes.
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Future Outlook
The future outlook for the Surimi industry in the Middle East & Africa is promising, driven by factors that underscore its potential for further expansion. As consumer awareness of healthy eating habits increases, surimi, known for its low-fat content and high protein value, is likely to become a staple in the region's diet. The industry's future outlook is closely tied to technological advancements in surimi processing and the diversification of product offerings to meet the evolving tastes of Middle Eastern and African consumers. Additionally, collaborations between the Surimi industry and local culinary influencers can contribute to the creation of innovative surimi-based dishes, expanding its appeal and consumption in the region.
Growth Factors
The dynamics of the Surimi industry in the Middle East & Africa are influenced by various growth factors that contribute to its expanding presence in the market. One key factor is the rising awareness of health-conscious consumers seeking nutritious and sustainable protein sources. Surimi, with its versatility and ability to mimic the texture of traditional seafood, addresses this demand. Economic factors, such as increasing disposable income, also play a role in driving the industry's growth, as consumers are more willing to explore diverse and premium food options. Moreover, the industry dynamics are shaped by collaborations between Surimi manufacturers and local fisheries, ensuring a steady and reliable supply of raw materials for surimi production. The dynamic interplay of these factors positions the Surimi industry in the Middle East & Africa as a resilient and responsive player in the regional food market.
Market Opportunities
Opportunities abound in the Surimi industry in the Middle East & Africa, driven by trends such as the rise of culinary tourism, the demand for healthy and convenient food options, and the potential for innovation in product development. The industry has the opportunity to capitalize on the region's rich culinary traditions by introducing surimi-based products that complement local dishes. Moreover, partnerships with local chefs and restaurants can create opportunities for incorporating surimi into traditional Middle Eastern and African cuisines. The growing interest in plant-based and sustainable diets opens doors for the Surimi industry to explore alternative protein sources and eco-friendly production methods. Seizing these opportunities will be instrumental in establishing surimi as a versatile and culturally integrated ingredient in the Middle East & Africa.
List of Key Companies Profiled in The Report
Pacific Seafood Group
Gadre Marine
Others
Recent Industry News
Recent industry news in the Surimi industry in the Middle East & Africa highlights key developments that shape the industry's current landscape. Major players in the industry have announced collaborations with local suppliers and distributors, enhancing the accessibility of surimi-based products in the region. These initiatives often involve the introduction of new product lines or improved processing techniques to meet the specific preferences of Middle Eastern and African consumers. Moreover, advancements in surimi technology, such as the development of innovative processing methods and packaging solutions, have been featured in recent news. The industry's response to shifting consumer preferences, including the demand for clean-label and transparent sourcing, has also been a focal point in recent industry updates. These developments underscore the Surimi industry's commitment to adapting to regional needs and preferences.
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Notable Developments
Several notable developments have marked the evolution of the Surimi industry in the Middle East & Africa, demonstrating its adaptability and commitment to culinary diversity. One significant trend is the incorporation of regional spices and flavors into surimi-based products, creating a fusion of traditional tastes with modern convenience. Another noteworthy development is the introduction of surimi snacks and ready-to-eat options, catering to the on-the-go lifestyle of consumers in the Middle East & Africa. Additionally, the industry has witnessed collaborations between Surimi manufacturers and local culinary influencers, resulting in the creation of unique recipes that showcase the versatility of surimi in regional cuisines. These notable developments underscore the Surimi industry's dedication to embracing local flavors and becoming an integral part of Middle Eastern and African culinary experiences.
Segmentation of Surimi Study in Middle East & Africa
• By Species:
o Alaska Pollock
o Itoyori
o Pacific Whiting
o Silver Carp
o Others
• By Form:
o Fresh
o Frozen
o Chilled
• By End Use:
o HoReCa (Hotels, Restaurants, and Catering)
o Food Processing
o Households
o Others
• By Distribution Channel:
o Direct Sales
o Retail Sales
• By Country:
o GCC Countries
o South Africa
o Rest of Middle East & Africa
Explore More Related Studies Published by Fact.MR Research:
Surimi Market: https://www.factmr.com/report/5014/surimi-market
Demand and Trend Analysis of Surimi in South Asia & Oceania: https://www.factmr.com/report/demand-and-trend-analysis-of-surimi-in-south-asia-and-oceania
Demand and Trend Analysis of Surimi in North America: https://www.factmr.com/report/demand-and-trend-analysis-of-surimi-in-north-america
Surimi By-product Market: https://www.factmr.com/report/surimi-by-product-market
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