Latest released report on the global surimi market by Fact.MR estimates that sales accounted for US$ 3.2 Bn in 2021, with the market projected to expand more than 1.8X by 2031.
The surimi market witnessed a favourable demand-supply scenario from 2016 to 2020 due to stable global production and rising demand. Demand for surimi is expected to continue to rise from the food service and food manufacturing sector, and also among consumers who prefer to cook at home.
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Key Takeaways from Market Study
- The U.S. is estimated to account for more than 91% of the North American market in 2021, supported by increased production of Alaska Pollock-sourced surimi.
- According to Fact.MR analysis, China is estimated to account for more than 59% of the East Asian market share in 2021, driven by increased demand from the foodservice industry.
- Spain is one of the prominent countries in the European market with a share of 18.4% in 2021, on the back of increased imports of surimi base.
- Fish surimi is estimated to account for 86.9% market share in 2021, on the back of its nutritional properties and high-quality protein content.
- Fresh surimi reflects approximately 57.8% of the market in 2021, but processed surimi is expected to witness a lucrative growth rate at 7.8% CAGR through 2031.
“Key players operating in the global market are investing in research & development facilities for new product developments. Manufacturers are focusing on sustainable farming of surimi,” says a lead analyst at Fact.MR.
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Key Companies Profiled :
- Trident Seafoods
- Pacific Seafood Group
- SeaPak
- Glacier Fish Company
- Boston Salads & Prepared Foods
- Arctic Storm Management Group
- OceanFood Sales Ltd.
- Maruha Nichiro Group
- Russia Fishery Companies
- Thong Siek Global
- Trans-Ocean Products
- Gadre Marine
- Ocean More Foods Co. Ltd.
- American Seafoods Group
- Others
Key Segments Covered in Surimi Industry Survey
- By Species
- Fish Surimi
- Alaskan Pollock
- Atlantic Cod
- Tilapia
- Black Bass
- Others
- Meat Surimi
- Pork Surimi
- Beef Surimi
- Fish Surimi
- By Form
- Fresh Surimi
- Whole
- Fillet
- Processed Surimi
- Canned
- Frozen
- Whole
- Fillet
- Fresh Surimi
- By Sales Channel
- Direct Sales of Surimi
- Indirect Sales of Surimi
- Modern Trade
- Convenience Stores
- Specialty Food Stores
- Wholesale Stores
- Discount Stores
- Online Retail
- Other Retail Formats
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Questionnaire answered in the Surimi Market report include:
- How the market for Surimi has grown?
- What is the present and future outlook of the global Surimi on the basis of region?
- What are the challenges and opportunities for the Surimi?
- Why the consumption of Surimi highest in region?
- In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
- MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Surimi market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Surimi market, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Surimi market and assists to create strategies to overcome the obstacles that may hinder the growth of the Surimi market.
- Leverage: The Surimi market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Surimi market.
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