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Pharmacy benefit management market
SURIMI MARKET OVERVIEW
The Surimi Market size was valued at USD 6.32 billion in 2024 and is expected to reach USD 9.66 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Surimi is made by washing and further refining the fish meat, especially from Alaska pollock or other related stocks. This does away with impurities and what one is left to deal with is essentially a paste of proteins. It is also used as a basis for most seafood products, such as crab sticks, shrimp, and scallops, and is widely available as an affordable meat substitute for seafood.
The Surimi Market has expanded primarily because consumers are more and more looking for convenient, healthy, and convenient seafood products. These driving forces are; increased consumption of Asian food products, increasing population of middle-income earners in developing countries, and health wise; optimistic impact of seafood. The use of Surimi has been enhanced due to the trait of mimicking several seafood textures and flavors that straight away make it an ideal product with consumers and food manufacturers.
Thus, using Surimi, products with various functions and applications have found their way to different parts of the world. It is applied to formed seafood products, and refined meals, examples include Surimi cakes, crab sticks, and other imitation seafood goods. It is also used in processed, convenient foods, fast foods, frozen foods, and even manufactured products for animal consumption. Being easy to process, having a long shelf life, and providing a standardized quality and texture, Surimi enjoys great demand. Also with Surimi, we have an environmentally-friendly product as it is made from fish meat that does not harm the world's wild-caught fish stock.
COVID-19 IMPACT
"The Surimi Market Industry Had a Negative Effect Due to the Supply Chain Disruptions during the COVID-19 Pandemic"
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing demand across all regions compared to pre-pandemic levels. The sudden growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Both before and after the COVID-19 pandemic outbreak will be seen that this Pandemic has posed some problems for the Surimi Market, on the other hand, it has also provided some opportunities. At the beginning of the COVID-19 pandemic, disruptions in supply chains and the closing of food-service businesses affected businesses negatively. However, as the pandemic escalated, consumers drifted towards easy-to-eat foods that have longer shelf-life. Due to its high and stable storage and additional uses being found in the retail market demand for it was soon felt. Also, the raised sensitization toward the health of consumers coupled with the perceived health implications of seafood boosted the market even further. Although the pandemic acted as the major factor imposing initial challenges to the development of the Surimi Market, the latter showed the ability to overcome these challenges and change consumer attitudes.
LATEST TREND
"Focus On Health and Sustainability to Drive Market Growth"
The current shift among producers, retailers, and consumers is that of health and sustainability in Surimi. From a sustainability perspective, consumers are being partial to seafood products that are healthy and eco-friendly. Consistent with these preferences, Surimi possesses the characteristics of a high protein content and diverse functions. The Surimi Market is gradually improving due to new products with less salt and added nutritional value. Moreover, there is increased concern concerning the sustainability of sources available, which in this case is fishing and reduced impacts on the environment. This trend is forcing producers to come up with new Surimi products in the market: plant-based Surimi and value-added Surimi products that address the health-conscious and sensitive to the environment consumers.
SURIMI MARKET SEGMENTATION
By Type
Based on Type, the global market can be categorized into Frozen Surimi and chilled/Fresh Surimi.
- Frozen Surimi: This one is the most familiar type of Surimi that can be bought in the stores now. It also requires freezing to maintain its quality and consequently enhance shelf-life. Frozen Surimi has the advantage of flexibility in terms of availability or storage and distribution hence can reach many consumers and outlets.
- Chilled/Fresh Surimi: This kind of Surimi is not as popular and is usually enjoyed soon after preparation. When compared to the frozen Surimi, it gives a finer brisk, and more natural tasting crab stick. Nevertheless, due to its short longevity, distribution is limited as well as its availability in the market.
By Application
Based on Application the global market can be categorized into Households, HoReCa, and Others.
- Households: Imitation crab sticks as well as other types of Surimi products have always been favorite foods for home preparation. They are applied in different recipes, including sushi rolls, and stir-fries. His availability and cost efficiency are some of the reasons why many consumers prefer them in the market.
- HoReCa (Hotels, Restaurants, and Cafés): HoReCa is one of the largest consumers of Surimi products. Restaurants prepare foods with Surimi in various methods such as sushi, sashimi, and other seafood preparations. Hotels and catering businesses are also able to include Surimi in several different appetizers and main meal dishes.
- Others: This category embraces all other uses of Surimi, in processed foods, pet food, and others, and even as a food additive. Surimi's versatility and nutritional value make it suitable for a wide range of applications beyond the traditional seafood market.
MARKET DYNAMICS
Market dynamics include driving and restraining factors, opportunities, and challenges stating the market conditions.
Driving Factors
"Rising Demand for Convenient and Healthy Seafood to Boost the Market"
Growing Health Consciousness is a component of the Surimi Market Growth. Customers therefore strive to incorporate lean meat and products that are low in fats as they turn out to be more conscious of their health. It is a product whose existence is perfect for this trend since it is highly proteinaceous and can be used in a variety of ways. Also, the increased rate of business and consumers’ tight schedules place increased pressure on convenience in food preparation forms. Precooked items like Surimi dishes/food and frozen items or Surimi snacks are convenient, yet good to eat and quite healthy to consume. However, the increasing shift towards buying easy-to-cook and nutritious seafood should help boost the Surimi industry in the future years.
"Growing Popularity of Asian Cuisine to Expand the Market "
The increase in Asian restaurants/bars has also supported the demand for Surimi across the globe in recent years. Many Asian cuisines especially Japanese, Korean, and others in South East Asia frequently use seafood consisting of such products as Surimi. The Asian food style has opened wider and newer markets globally and as the market expands, so needs major ingredients such as Surimi. Whether sushi rolls, noodle soups, or curry and rice dishes, chefs and home cook love using Surimi because of its flexibility to replicate almost any seafood kind. Since people around the world continue to show interest in Asian cuisine, the industry holds much potential for growth and diversification as well as for Surimi.
Restraining Factor
"Consumer Perception and Product Differentiation Impede Market Growth"
Consumer attitude and product identity are major threats to the development of the Surimi Market. There are still strong beliefs by the consumers towards the substance of Surimi as a type generalized as imitation meaning it is not as genuine as fresh seafood. To overcome this perception, the scheme has to direct awareness toward the advantages of Surimi which are nutritional value, sustainability, and versatility. Misconceptions can be easily addressed and a broader consumer base can be educated as to its uses by refocusing the marketing and talking about the convenience and the health benefits of fish as a product. Furthermore, product differentiation enables firms to provide unique products in the market to capture customer’s attention. Thus, the primary strategy of Surimi producers who wish to enhance their perceptive attributes is to develop relatively simple yet innovative Surimi products that will stand out from more common seafood options.
Opportunity
"Ready-to-Eat Surimi Products for the Product Opportunity in the Market"
A clear opportunity for Surimi-based products is therefore presented by the increasing trend in consumer propensity to consume easy-to-prepare convenience and ready-to-cook meals. Products like Surimi salads, sushi bowls, or Surimi in some other ready-made solutions, and snacks are convenient and fast to consume. They can be eaten at home when preparing, as meals or snacks, or taken away in busy working stations, schools, or other institutions and homes. To increase the market of the Surimi products, manufacturers should introduce new tastes and packaging types to attract more consumers.
Challenge
"Product Quality and Authenticity Could Be a Potential Challenge for Consumers"
One of the opportunities that may threaten consumers in consuming Surimi products is the ability to determine the quality and the genuineness of the Surimi. This means that with the enhancing popularity of Surimi, unrefined products may flood the markets. To avoid such a risk, consumers should be very careful about the reputation of the brand and that of the manufacturer. Further, it is also possible that consumers require a certain amount of information about Surimi and the different types available in the market, to make adequate choices. These factors make it easier for consumers to protect their health and also know they are using quality Surimi.
SURIMI MARKET REGIONAL INSIGHTS
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North America
North America is one of the largest markets for Surimi products because the demand for convenient and healthy seafood products continues to rise. Increased concern for the health of the consumers has forced the United States Surimi Market to grow and the fondness for Asian dishes has contributed significantly to the increased Surimi consumption. Consumers continue to look for high-protein and low-fat products, which is what Surimi represents. Further, the increased level of daily activities in North American society has enhanced the market for ready-to-eat Surimi products such as Surimi salads and sushi bowls. However, problems like consumer attitude and product distinction still exist since some consumers associate Surimi with an imitation product.
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Europe
Europe is the identified market, and its demand for frozen foods is gradually rising due to factors such as shifting consumer inclinations, a concern for health, and the trend towards Asian food. European consumers have a growing focus on food sustainability as well as a healthy diet thus Surimi fits into this list. Nonetheless, it was found that cultural factors such as consumer preferences and religious considerations may present some threats which include the Surimi Market in some European countries. To overcome these challenges manufacturers must introduce Surimi to suit the local cultures and consumer preferences while targeting health-conscious and environmentally friendly markets.
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Asia
Due to the high cultural acceptance, increasing middle-income groups, and urbanization Asia remains the largest and most dynamic market for Surimi. Seafood consumption forms a staple part of the region’s diets and Surimi is used across the popular Japanese, Korean, and Chinese dishes. Foods served in the food industry, especially in China and India have gained a steady market for its consumption thus increasing the demand for and use of Surimi. However, threats like the instability in the price of raw materials and steep competition from local producers of seafood may affect the Surimi Market in Asia. Unfortunately, challenges such as the high cost of production, increased competition through product differentiation, and issues to do with distribution form parts of the realities that manufacturers have to embrace to remain relevant in the market.
KEY INDUSTRY PLAYERS
"Key Players Transforming the Surimi Market Landscape through Innovation and Global Strategy "
Through the innovation of strategies and market development, the market players in the field of enterprise are shaping the Surimi Market. Certain of these can be seen as advancements in designs, types of materials and controls, besides the use of smarter technologies for enhancement of functionality and operational flexibility. Managers are aware of their responsibility to spend money on the development of new products and processes and expanding the scope of manufacturing. This market expansion also assists in diversifying the market growth prospects and attaining higher market demand for the product in numerous industries.
List of Top Surimi Companies
- Viciunai Group (Lithuania)
- Trans-Ocean Products (Thailand)
- Seaprimexco Vietnam (Vietnam)
- Thong Siek Global (Thailand)
- Gadre Marine (India)
- Ocean More Foods Co., Ltd. (China)
- APITOON (Thailand)
- Luck Union Foods (China)
- Sugiyo (Japan)
- Aquamar (Spain)
- Fujimitsu (Japan)
- Shining Ocean (China)
- Fleury Michon (France)
- Coraya (Spain)
- Saint Malo (France)
- Nueva Pescanova (Spain)
- Angulas Aguinaga (Spain)
- Conservas Dani (Spain)
- Haixin (China)
- Anjoyfood (China)
- Huifafood (China)
- Haibawang (China)
- Longsheng (China)
KEY INDUSTRY DEVELOPMENT
2022: Consequent to the innovations in packaging, the Surimi Market has faced imposing changes over time. The packaging of Surimi products has been enhanced by the adoption of new and advanced packaging techniques leading to enhancement of the shelf life of the products. This has freed up the creation of easy and reformed Surimi produce inclusive of salads, sushi bowls, and Surimi snacks. The notion of such products fits the busy consumer lifestyle created by the availability of convenient food solutions. Also, there is the use of innovative styles of packaging to reduce wastage since products can now stay longer on shelves. The Surimi industry should consider embracing advanced packaging solutions that would effectively address the market needs and therefore come up with product packaging that reflects the desires of the consumers.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Surimi Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the market's growth by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.
This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 6.32 Billion in 2024 |
Market Size Value By |
US$ 9.66 Billion by 2033 |
Growth Rate |
CAGR of 4.9% from 2024 to 2033 |
Forecast Period |
2025-2033 |
Base Year |
2024 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the Surimi market expected to touch by 2033?
The Surimi market is expected to reach USD 9.66 billion by 2033.
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What CAGR is the Surimi market expected to exhibit by 2033?
The Surimi market is expected to exhibit a CAGR of 4.9% by 2033.
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What are the driving factors of the Surimi Market?
Growing Health Consciousness and Versatility in Applications to expand the market growth.
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What are the key Surimi Market segments?
The key market segmentation, which includes, based on Type, the Surimi Market is classified into Frozen Surimi, Chilled/Fresh Surimi, And Based on Application, the Surimi Market is classified as Households, HoReCa, Others.