Surimi Market Size Worth $10.64 Billion By 2032 | CAGR: 5.90%

Surimi Market Size Worth $10.64 Billion By 2032 | CAGR: 5.90%


The global surimi market size is expected to reach USD 10.64 billion by 2032, according to a new study by Polaris Market Research. The report “Surimi Market Share, Size, Trends, Industry Analysis Report, By Source (Alaska Pollock, Pacific Whiting, Silver Carp, Others; By Packaging; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Several market leaders are executing market strategies to improve their business. Product launches or development, merger, acquisition, partnership, and many other strategies are implemented by the many businesses. For example, in June 2022, in order to foster food innovation, Pokeworks, the top poke brand in the world, teamed up with the Aquamar, top surimi producers in the North America, to create the Limited Time Offer (LTO) Spicy, Crunchy Surimi Bowl. Such developments by several companies are enhancing global market’s growth.

Surimi is a staple ingredient in many Asian dishes, particularly in Japan, Korea, & South east Asia. As Asian cuisine becomes more popular around the world, the demand for surimi has also increased. Surimi is a low-fat, high-protein food that is rich in omega-3 fatty acids, making it an attractive option for health-conscious consumers. As people become more health-conscious and aware of the health benefits of seafood, the demand for surimi has increased.

Surimi is a good source of protein, low in fat and calories, and has a mild flavor. It is also a good option for people who may have allergies to other seafood products. It is often made from fish that are less desirable or have lower commercial value. Using these fish for surimi production can help to reduce waste and promote sustainable fishing practices. Growing the health concern among the huge number of population has led to increase the market at significant pace

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Escalating the demand and consumption of surimi is one of the major factors influencing the growth of market growth. Surimi is a low-fat, high-protein food that is rich in omega-3 fatty acids, which are known to have many health benefits, including reducing the risk of heart disease, improving brain function, and reducing inflammation. To leverage the benefits of the surimi, the consumption of surimi is increasing the globe. For example, the consumption of surimi in Japan is around 350,000 MT. As a result, growing consumption of the surimi is helping the market to grow at fastest growth rate.

Surimi Market Report Highlights

  • Alaska pollock segment is accounting significant share in the global market in 2022 primarily due to its benefits such as nutritious, delicious, and cost effective
  • Chilled or fresh segment is dominating the global market. This is due to largely used chilled or fresh surimi for various types of food processing
  • Supermarkets/Hypermarkets are the leading segment in the global market which accounted for major revenue share in the 2022, which is accelerated by the huge rising availability of various kinds of surimi in the stores
  • Asia Pacific held the largest share with major global market by the end of 2022 due to growing adoption and production of surimi in the region
  • The global players include American Seafoods, Apitoon Group, Gadre Marine, Glacier Fish Company, Ocean Food Company, OceanFood Sales, Pacific Seafood, Russian Fishery, Aquamar, Seaprimexco Vietnam, Thong Siek, Trident Seafoods, and Viciunai Group

Polaris Market Research has segmented the Surimi market report based on source, packaging, distribution channel, and region:

Surimi, Source Outlook (Revenue - USD Billion, 2019-2032)

  • Alaska Pollock
  • Pacific Whiting
  • Silver Carp
  • Others

Surimi, Packaging Outlook (Revenue - USD Billion, 2019-2032)

  • Chilled or fresh
  • Frozen

Surimi, Distribution Channel Outlook (Revenue - USD Billion, 2019-2032)

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

Surimi, Regional Outlook (Revenue - USD Billion, 2019-2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Surimi Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 6.58 billion

Revenue forecast in 2032

USD 10.64 billion

CAGR

5.90% from 2024 – 2032

Base year

2023

Historical data

2019– 2022

Forecast period

2024– 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Source, By Packaging, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

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, etc. and others

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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