Surimi Products Market Is Anticipated To Reach US$ 11 Billion By 2033: Fact.MR

The global demand for surimi is set to rise at a steady pace, with a projected Compound Annual Growth Rate (CAGR) of 6% from 2023 to 2033. Starting at a value of US$ 6.1 billion in 2023, the global surimi market is anticipated to reach US$ 11 billion by 2033. Fresh surimi is particularly favored over processed alternatives due to its superior flavor, overall quality, and various health-enhancing attributes.

Surimi, referred to as whitefish protein concentrate, undergoes processing either immediately after fishing or in onshore factories. Fish fillets are minced and meticulously washed with fresh water to extract soluble proteins, resulting in an odorless and tasteless paste. This paste is then molded into frozen blocks, known as surimi, to preserve its properties.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5014

Cryoprotectants are added to maintain its gel-like consistency and elasticity. These surimi blocks are supplied to food manufacturers, who blend them with other ingredients to impart texture, flavor, and color, culminating in the final products such as surimi or kamaboko, which enjoy popularity in Asian and European markets.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

Increasing Consumer Demand: Growing consumer awareness regarding the nutritional benefits of surimi, coupled with changing dietary preferences, is fueling the demand for surimi-based products globally.

Health Consciousness: Surimi is recognized for its high protein content and low fat, making it a favored choice among health-conscious consumers. As individuals increasingly prioritize healthier eating habits, the demand for surimi as a nutritious alternative is on the rise.

Product Innovation: Manufacturers are continually introducing innovative surimi-based products to cater to evolving consumer tastes and preferences. From surimi sticks to imitation crab meat, the market offers a diverse range of products, driving its widespread adoption.

Expansion of Distribution Channels: The expansion of distribution channels, including supermarkets, hypermarkets, convenience stores, and online platforms, is enhancing the accessibility of surimi products to consumers worldwide. This improved availability is contributing significantly to market growth.

Rising Seafood Consumption: With the global rise in seafood consumption, surimi is gaining traction as a versatile ingredient in various cuisines. Its ability to mimic the texture and taste of premium seafood at a lower cost makes it an attractive option for both consumers and foodservice providers.

Technological Advancements in Processing: Advancements in surimi processing technologies are improving product quality and extending shelf life, thereby expanding its application across the food industry. These technological innovations are driving efficiency and reducing production costs, further stimulating market growth.

Expanding Food Industry: The surimi market is benefiting from the expanding food industry, particularly in emerging economies where increasing disposable incomes and urbanization are driving the demand for processed and convenience foods.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• Aquamar Inc.
• Trident Seafoods
• Glacier Fish Company
• Maruha Nichiro Group
• Gadre Marine
• Pacific Seafood Group
• SeaPak
• Boston Salads & Prepared Foods
• Arctic Storm Management Group
• OceanFood Sales Ltd.
• Russia Fishery Companies
• Trans-Ocean Products
• Ocean More Foods Co. Ltd.
• American Seafoods Group

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Surimi is commonly used in food service and food manufacturing industries to prepare seafood such as crab sticks, fish sticks, and crab flakes. Top surimi producers are focusing on quality control of surimi-based products by following safety regulations to reduce the environmental impact.

Leading surimi companies are increasing their distribution networks to reach a large consumer base. This is increasingly prevalent among major surimi producers who want to expand their global footprint.

Top frozen seafood brands are concentrating on the implementation of new developments in manufacturing techniques to enhance product standards. Top manufacturers of premium frozen surimi products are utilizing various enticing marketing strategies to evoke a sense of authenticity and encourage people to purchase their products.

For instance :
• In 2021, The Russian Fishery Company (RFC) signed contracts to supply the majority of 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 Fullerton to promote the company's newly launched Louis Kemp surimi fish products.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐒𝐮𝐫𝐢𝐦𝐢 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Species :
o Fish Surimi
o Meat Surimi

• By Form :
o Fresh Surimi
o Processed Surimi

• By Application :
o HoReCa (Hotels, Restaurants, and Cafes)
o Food Processing
o Households
o Pharmaceuticals
o Animal Feed

• By Sales Channel :
o Modern Trade
o Convenience Stores
o Specialty Food Stores
o Wholesale Stores
o Online Retail Stores
o Others

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/5014/surimi-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Processed Meat Market: https://www.factmr.com/report/2360/processed-meat-market

Frozen Seafood Market: https://www.factmr.com/report/frozen-seafood-market

Health and Wellness Foods Market: https://www.factmr.com/report/health-and-wellness-foods-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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