IMARC Group, a leading market research company, has released a report titled “Surimi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. According to the report,The global surimi market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028
Surimi is a fish-based product primarily made from deboned and minced fish meat and then stabilized with ingredients like sugar and salt. Often considered a versatile ingredient, it serves as the foundation for various seafood products such as imitation crab meat, fish balls, and fish sausages. Predominantly popular in Asian cuisine, surimi is also gaining widespread acceptance in Western markets. It offers a cost-effective alternative to whole seafood and an extended shelf life, making it an attractive choice for both food manufacturers and consumers. The surimi manufacturing process leverages advanced technologies to ensure product consistency, quality, and safety, which in turn is driving its widespread utilization in commercial food preparation settings, from restaurants to grocery stores.
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Irrigation Controllers Market Trends and Drivers:
The global surimi market is primarily driven by the rising demand for sustainable and affordable seafood options owing to the growing overfishing concerns and depleting marine resources. Additionally, innovations in processing technologies have led to a wider range of surimi-based products, extending their applicability beyond traditional culinary uses. In line with this, changing consumer preferences for convenience foods that are easy to cook and store have augmented the product demand. Furthermore, the increasing health consciousness among consumers, who perceive surimi as a protein-rich, low-fat alternative to red meat, is another major growth-inducing factor. Besides this, the development of halal and kosher surimi products is widening the customer base by catering to specific religious and dietary requirements, thus fueling market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Packaging Insights:
- Chilled or Fresh
- Source
Source Insights:
- Alaska Pollock
- Pacific Whiting
- Silver Carp and Others
Distribution Channel Insights:
- Direct Sales
- Retail Sales
- Supermarkets and Hypermarkets
- Online Retails
- Wet Market
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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.
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