Product Code: PM3424
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, 2023 - 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
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)
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
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Surimi Market Insights
- 4.1. Surimi Market - Distribution Channel Snapshot
- 4.2. Surimi Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Usage in salads and assorted snacks
- 4.2.1.2. Augmenting consumption of fish-based food or sea food
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Increased price of raw materials and end products
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Surimi Market Distribution Channel Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Surimi Market, by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Surimi Market, by Source, 2019-2032 (USD Billion)
- 5.3. Alaska Pollock
- 5.3.1. Global Surimi Market, by Alaska Pollock, by Region, 2019-2032 (USD Billion)
- 5.4. Pacific Whiting
- 5.4.1. Global Surimi Market, by Pacific Whiting, by Region, 2019-2032 (USD Billion)
- 5.5. Silver Carp
- 5.5.1. Global Surimi Market, by Silver Carp, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Surimi Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Surimi Market, by Packaging
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 6.3. Chilled or fresh
- 6.3.1. Global Surimi Market, by Chilled or fresh, by Region, 2019-2032 (USD Billion)
- 6.4. Frozen
- 6.4.1. Global Surimi Market, by Frozen, by Region, 2019-2032 (USD Billion)
7. Global Surimi Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3. Direct Sales
- 7.3.1. Global Surimi Market, by Direct Sales, By Region, 2019-2032 (USD Billion)
- 7.4. Retail Sales
- 7.4.1. Global Surimi Market, by Retail Sales, By Region, 2019-2032 (USD Billion)
- 7.5. Supermarkets and Hypermarkets
- 7.5.1. Global Surimi Market, by Supermarkets and Hypermarkets, By Region, 2019-2032 (USD Billion)
- 7.6. Online Retails
- 7.6.1. Global Surimi Market, by Online Retails, By Region, 2019-2032 (USD Billion)
- 7.7. Wet Market
- 7.7.1. Global Surimi Market, by Wet Market, By Region, 2019-2032 (USD Billion)
- 7.8. Others
- 7.8.1. Global Surimi Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Surimi Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Surimi Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Surimi Market - North America
- 8.3.1. North America: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.3.2. North America: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.3. North America: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.3.4. Surimi Market - U.S.
- 8.3.4.1. U.S.: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.3.5. Surimi Market - Canada
- 8.3.5.1. Canada: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4. Surimi Market - Europe
- 8.4.1. Europe: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.3. Europe: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4.4. Surimi Market - UK
- 8.4.4.1. UK: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4.5. Surimi Market - France
- 8.4.5.1. France: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.5.3. France: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4.6. Surimi Market - Germany
- 8.4.6.1. Germany: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4.7. Surimi Market - Italy
- 8.4.7.1. Italy: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4.8. Surimi Market - Spain
- 8.4.8.1. Spain: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4.9. Surimi Market - Netherlands
- 8.4.9.1. Netherlands: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.4.10. Surimi Market - Russia
- 8.4.10.1. Russia: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.5. Surimi Market - Asia Pacific
- 8.5.1. Asia Pacific: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.5.4. Surimi Market - China
- 8.5.4.1. China: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.4.3. China: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.5.5. Surimi Market - India
- 8.5.5.1. India: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.5.3. India: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.5.6. Surimi Market - Malaysia
- 8.5.6.1. Malaysia: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.5.7. Surimi Market - Japan
- 8.5.7.1. Japan: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.5.8. Surimi Market - Indonesia
- 8.5.8.1. Indonesia: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.5.9. Surimi Market - South Korea
- 8.5.9.1. South Korea: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.6. Surimi Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.6.4. Surimi Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.6.5. Surimi Market - UAE
- 8.6.5.1. UAE: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.6.6. Surimi Market - Israel
- 8.6.6.1. Israel: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.6.7. Surimi Market - South Africa
- 8.6.7.1. South Africa: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.7. Surimi Market - Latin America
- 8.7.1. Latin America: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.7.4. Surimi Market - Mexico
- 8.7.4.1. Mexico: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.7.5. Surimi Market - Brazil
- 8.7.5.1. Brazil: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Surimi Market, by Packaging, 2019-2032 (USD Billion)
- 8.7.6. Surimi Market - Argentina
- 8.7.6.1. Argentina: Surimi Market, by Source, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Surimi Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Surimi Market, by Packaging, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. American Seafoods
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Apitoon Group
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Gadre Marine
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Glacier Fish Company
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Ocean Food Company
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. OceanFood Sales
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Pacific Seafood
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Russian Fishery
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Aquamar
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Seaprimexco Vietnam
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Thong Siek
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Trident Seafoods
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Viciunai Group
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development