IMARC Group's report titled "Surimi Market by Packaging (Chilled or Fresh, Source), Source (Alaska Pollock, Pacific Whiting, Silver Carp and Others), Distribution Channel (Direct Sales, Retail Sales, Supermarkets and Hypermarkets, Online Retails, Wet Market), and Region 2024-2032", The global surimi market size reached US$ 6.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.84% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/surimi-market/requestsample

Factors Affecting the Growth of the Surimi Industry:

  • Increasing Demand for Seafood Products:

Growing public awareness of the health advantages linked to seafood consumption is a driving force behind market expansion, as more individuals incorporate seafood into their diets. Seafood is renowned for its abundance of vital nutrients like omega-3 fatty acids, which are celebrated for their cardiovascular and cognitive benefits. Surimi, a processed fish paste, serves as a foundation for a variety of seafood analogs, including imitation crab, shrimp, and lobster. Its adaptability in replicating the taste and texture of pricier seafood alternatives positions it as an appealing option for consumers seeking both affordability and nutritional value in their meal choices.

  • Advancements in Food Processing Technology:

The upward trajectory of the market is propelled by continuous advancements in food processing technology. These strides are revolutionizing the production of surimi, rendering it more efficient and economical, thereby widening its accessibility and affordability. Breakthroughs in freezing methods are elevating the quality of frozen surimi, prolonging its shelf life while safeguarding its texture and flavor profile. Furthermore, innovations in extrusion and molding techniques empower manufacturers to craft an extensive array of surimi-derived products boasting diverse textures and shapes, aligning with the preferences of a heterogeneous consumer base. This technological evolution not only bolsters supply chains but also resonates with a broader audience, including aficionados of culinary innovation and novel food offerings.

  • Health and Dietary Trends:

The shifting dietary preferences towards protein-rich and low-fat foods amidst a growing population embracing healthier lifestyles are driving a promising trajectory for the market. Surimi emerges as a fitting candidate in this landscape, embodying high-protein, low-calorie characteristics that align seamlessly with various dietary regimens, including those aimed at weight management and muscle development. Furthermore, its gluten-free composition and low mercury content position surimi as a safe dietary option for individuals navigating dietary restrictions or health considerations. With lifestyle ailments like obesity and diabetes on the rise, consumers are increasingly gravitating towards healthier food alternatives, and surimi's nutritional profile stands out as an appealing choice for health-conscious individuals seeking to bolster their dietary habits.

Leading Companies Operating in the Global Surimi Industry:

  • 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
  • Thong Siek Global
  • Trident Seafoods Corporation
  • Viciunai Group 

Surimi Market Report Segmentation:

By Packaging:

  • Chilled or Fresh
  • Source
     

Chilled or fresh holds the biggest market share attributed to consumer preference for the perceived freshness and quality of such products.

By Source:

  • Alaska Pollock
  • Pacific Whiting
  • Silver Carp and Others

Alaska pollock exhibits a clear dominance in the market due to its abundant availability and suitability for surimi production.

By Distribution Channel:

  • Direct Sales
  • Retail Sales
  • Supermarkets and Hypermarkets
  • Online Retails
  • Wet Market

Direct sales represent the largest segment, as it enables surimi producers to establish direct relationships with buyers, reducing intermediaries.

Regional Insights:

  • 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

Asia Pacific dominates the market, driven by the growing seafood consumption and increasing production capacity of surimi in the region.

Global Surimi Market Trends:

The market is witnessing a promising upswing fueled by the escalating focus on functional and enriched surimi offerings. Acknowledging consumers' inclination towards products offering added health perks, manufacturers are fortifying surimi with a spectrum of vitamins, minerals, and functional additives. This evolution resonates notably with health-minded individuals seeking comprehensive nutritional benefits beyond mere sustenance. Functional surimi variations are not only promoted for their taste and adaptability but also for their augmented nutritional value, addressing a specialized segment prioritizing holistic well-being and nutritional excellence.

Note: 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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