Surimi Market
Surimi Market Forecasts to 2030 - Global Analysis By Species (Alaskan Pollock, Atlantic Cod and Black Bass), Sales Channel (Convenience Stores, Discount Stores, Online Retail and Wholesale Stores), Application and By Geography
According to Stratistics MRC, the Global Surimi Market is accounted for $4.43 billion in 2024 and is expected to reach $7.15 billion by 2030 growing at a CAGR of 8.3% during the forecast period. Surimi is a versatile seafood product made from white fish, typically Alaskan pollock, that has been deboned, minced, and washed to remove fat and unwanted proteins. The resulting fish paste is then flavored, seasoned, and often combined with other ingredients to mimic the texture and taste of higher-value seafood like crab or lobster. Surimi is commonly used in a variety of processed foods, such as imitation crab sticks (kani), seafood salads, and sushi. This product is valued for its neutral flavor, which easily adapts to different seasonings, and its ability to be shaped into various forms.
According to an article published by the Food and Aquaculture Organization, approximately 214 million tons of aquaculture and fisheries were produced in 2020 and this number is further expected to increase by 15% by the year 2030.
Market Dynamics:
Driver:
Rising seafood consumption
Rising seafood consumption is significantly enhancing the surimi industry, which capitalizes on the growing appetite for diverse, sustainable seafood products. Surimi, a versatile fish paste made primarily from white fish like pollock, is valued for its ability to mimic the texture and taste of various seafood items, making it a popular ingredient in dishes like imitation crab and fish sticks. As global seafood consumption increases, driven by health-conscious trends and the desire for convenient, protein-rich options, surimi's appeal expands. This boost in demand encourages innovation and quality improvements in surimi production, leading to more refined and diverse product offerings.
Restraint:
Fluctuations in fish prices
Fluctuations in fish prices are significantly impacting the Surimi industry, which relies on a consistent supply of fish to produce its products. Surimi, a processed seafood product made from fish, typically uses cheaper fish varieties like pollock or hake. When fish prices are unstable, it creates challenges in maintaining production costs and pricing strategies. For instance, if fish prices spike due to supply shortages or increased demand, the cost of raw materials for Surimi production rises, potentially leading to higher prices for consumers. Conversely, if fish prices fall, it may indicate an oversupply or lower demand, affecting the profitability of Surimi producers who might be forced to lower their prices to stay competitive.
Opportunity:
Increased focus on sustainable fishing practices
Increased focus on sustainable fishing practices is substantially enhancing the production of surimi, a versatile seafood product made from finely minced fish. By adopting responsible fishing methods, such as limiting catch sizes, avoiding overexploited species, and minimizing bycatch, the fishing industry helps ensure that fish populations remain healthy and ecosystems are preserved. This commitment to sustainability not only supports environmental balance but also improves the quality and reputation of surimi.
Threat:
Health and safety concerns
Surimi, a popular seafood product made from minced fish, faces significant health and safety concerns that impact its production and consumption. One major issue is the potential for contamination with harmful pathogens such as bacteria or parasites during processing, which can lead to foodborne illnesses if not properly managed. Surimi often contains various additives and preservatives, some of which may raise health concerns if consumed in large amounts over time. Allergic reactions to ingredients, particularly fish and shellfish, are another risk factor. The need for stringent hygiene practices and regular quality control is crucial to mitigate these risks.
Covid-19 Impact:
The COVID-19 pandemic significantly disrupted the surimi industry, a key player in the global seafood market. As the virus spread, it caused a cascade of challenges, including factory closures, supply chain interruptions, and labor shortages. Surimi production, reliant on both imported fish and global distribution networks, faced delays due to reduced availability of raw materials and logistical bottlenecks. The pandemic's impact on consumer behavior also shifted demand patterns, with reduced restaurant operations and changes in purchasing habits leading to decreased sales. Heightened health and safety regulations increased operational costs and further complicated production processes.
The Convenience Stores segment is expected to be the largest during the forecast period
Convenience Stores segment is expected to be the largest during the forecast period. Convenience stores are increasingly focusing on enhancing their surimi offerings to cater to evolving consumer preferences for both convenience and quality. Surimi, a versatile and cost-effective seafood product made from processed fish, is being upgraded with better flavor profiles, improved texture, and higher nutritional value to meet the growing demand for premium and health-conscious options. This enhancement involves using higher-quality fish, incorporating innovative processing techniques, and adding natural flavorings to create a more satisfying and appetizing product.
The Animal Feed segment is expected to have the highest CAGR during the forecast period
Animal Feed segment is expected to have the highest CAGR during the forecast period. The enhancement of surimi in the animal feed segment represents a significant advancement in optimizing feed quality and nutritional value. Surimi, a processed seafood product made from fish meat, is increasingly being incorporated into animal feed due to its high protein content and beneficial amino acid profile. By refining surimi through advanced processing techniques, its digestibility and nutrient availability can be improved, making it a more effective feed ingredient for livestock and aquaculture. This enhancement not only boosts the nutritional value of the feed but also supports better growth rates and overall health in animals.
Region with largest share:
North America region commanded the largest share of the market throughout the extrapolated period. International trade agreements facilitate easier access to international markets, allowing North American surimi producers to export their products more efficiently. As global demand for surimi—an increasingly popular seafood product made from fish paste—rises, North American companies are capitalizing on this growth by enhancing their production capabilities and diversifying their offerings. Trade agreements often reduce tariffs and streamline regulatory processes, making North American surimi more competitive on the world stage.
Region with highest CAGR:
Europe region is poised to witness substantial growth over the projection period by ensuring high standards of quality, safety, and sustainability. Stringent regulations on product labeling, ingredient transparency, and hygienic processing practices help build consumer trust and safeguard public health across the region. European policies also promote sustainable fishing practices, which are essential for the long-term viability of surimi production. By adhering to these regulations, surimi producers can access premium markets and differentiate their products based on quality and environmental responsibility throughout the region.
Key players in the market
Some of the key players in Surimi market include American Seafoods Company LLC, Apitoon Group, Cargill, Inc, Glacier Fish Company, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Ltd, Ocean Beauty Seafoods, Pacific Seafood Group, Sajo Industries Co., Ltd and Starfish Co., Ltd.
Key Developments:
In December 2021, Shining Ocean completed the acquisition of the True World Group by the Aquamar. True World Foods, a company owned by the TWG that distributes fish to food-service venues, has locations in the US, Canada, the UK, & Spain.
In September 2020, the Japanese seafood company, Maruha Nichiro, introduced a new line of surimi-based products called Crab Tsumami. These are made with a combination of real crab meat and surimi paste.
Species Covered:
• Alaskan Pollock
• Atlantic Cod
• Black Bass
Sales Channels Covered:
• Convenience Stores
• Discount Stores
• Online Retail
• Wholesale Stores
Applications Covered:
• Animal Feed
• Food Industry
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Surimi Market, By Species
5.1 Introduction
5.2 Alaskan Pollock
5.3 Atlantic Cod
5.4 Black Bass
6 Global Surimi Market, By Sales Channel
6.1 Introduction
6.2 Convenience Stores
6.3 Discount Stores
6.4 Online Retail
6.5 Wholesale Stores
7 Global Surimi Market, By Application
7.1 Introduction
7.2 Animal Feed
7.3 Food Industry
7.4 Other Applications
8 Global Surimi Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 American Seafoods Company LLC
10.2 Apitoon Group
10.3 Cargill, Inc
10.4 Glacier Fish Company
10.5 Maruha Nichiro Corporation
10.6 Nippon Suisan Kaisha, Ltd
10.7 Ocean Beauty Seafoods
10.8 Pacific Seafood Group
10.9 Sajo Industries Co., Ltd
10.10 Starfish Co., Ltd
List of Tables
1 Global Surimi Market Outlook, By Region (2022-2030) ($MN)
2 Global Surimi Market Outlook, By Species (2022-2030) ($MN)
3 Global Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
4 Global Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
5 Global Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
6 Global Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
7 Global Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
8 Global Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
9 Global Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
10 Global Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
11 Global Surimi Market Outlook, By Application (2022-2030) ($MN)
12 Global Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
13 Global Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
14 Global Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
15 North America Surimi Market Outlook, By Country (2022-2030) ($MN)
16 North America Surimi Market Outlook, By Species (2022-2030) ($MN)
17 North America Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
18 North America Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
19 North America Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
20 North America Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
21 North America Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
22 North America Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
23 North America Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
24 North America Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
25 North America Surimi Market Outlook, By Application (2022-2030) ($MN)
26 North America Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
27 North America Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
28 North America Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
29 Europe Surimi Market Outlook, By Country (2022-2030) ($MN)
30 Europe Surimi Market Outlook, By Species (2022-2030) ($MN)
31 Europe Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
32 Europe Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
33 Europe Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
34 Europe Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
35 Europe Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
36 Europe Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
37 Europe Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
38 Europe Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
39 Europe Surimi Market Outlook, By Application (2022-2030) ($MN)
40 Europe Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
41 Europe Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
42 Europe Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
43 Asia Pacific Surimi Market Outlook, By Country (2022-2030) ($MN)
44 Asia Pacific Surimi Market Outlook, By Species (2022-2030) ($MN)
45 Asia Pacific Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
46 Asia Pacific Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
47 Asia Pacific Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
48 Asia Pacific Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
49 Asia Pacific Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
50 Asia Pacific Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
51 Asia Pacific Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
52 Asia Pacific Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
53 Asia Pacific Surimi Market Outlook, By Application (2022-2030) ($MN)
54 Asia Pacific Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
55 Asia Pacific Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
56 Asia Pacific Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
57 South America Surimi Market Outlook, By Country (2022-2030) ($MN)
58 South America Surimi Market Outlook, By Species (2022-2030) ($MN)
59 South America Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
60 South America Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
61 South America Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
62 South America Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
63 South America Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
64 South America Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
65 South America Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
66 South America Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
67 South America Surimi Market Outlook, By Application (2022-2030) ($MN)
68 South America Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
69 South America Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
70 South America Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
71 Middle East & Africa Surimi Market Outlook, By Country (2022-2030) ($MN)
72 Middle East & Africa Surimi Market Outlook, By Species (2022-2030) ($MN)
73 Middle East & Africa Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
74 Middle East & Africa Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
75 Middle East & Africa Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
76 Middle East & Africa Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
77 Middle East & Africa Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
78 Middle East & Africa Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
79 Middle East & Africa Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
80 Middle East & Africa Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
81 Middle East & Africa Surimi Market Outlook, By Application (2022-2030) ($MN)
82 Middle East & Africa Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
83 Middle East & Africa Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
84 Middle East & Africa Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
