Surimi, which is also known as crude myofibrillar protein concentrate, is a form of fish protein. It's one of the most widely used muscle proteins on the planet. Consumers from all around the world have been driven to the surimi industry by the popularity of processed meat, particularly seafood mimics and kamaboko products. Some of the most frequent species used to manufacture surimi include Pacific whiting, Alaska pollock, threadfin bream, sardine, mackerel, bigeye snapper, and Croaker. They can be used as a binding factor in a number of cuisines when combined with paddlefish meat

The global Surimi market worth US$ 12 billion by 2030, growing at a CAGR of 6 %

Covid-19 Impact & Market Status:

Because of lesser transaction volumes, the COVID-19 issue had a minor impact on the surimi market. In the second quarter of 2020, the market saw pricing volatility, but recovered in the third quarter. The influence of the pandemic on the surimi market was greatest in Asia and Europe, whereas it was little in North America. Due to consumer stockpiling, households have boosted their purchases of surimi.

Surimi, on the other hand, is projected to gain traction through online retail channels, despite the fact that uses in functional foods have increased dramatically since the outbreak, generating profitable potential.

People have been shown to be quite addicted to snacking, especially those who have a propensity of eating foreign cuisines at regular intervals, which is another reason influencing the surimi market's rise.

It has also been discovered that there is a sizable consumer base that has become increasingly health conscious, and that the fact that surimi is extremely healthy has boosted the surimi market's growth. Surimi demand is predicted to grow as a result of its use in salads and other snacks.

Surimi's use in value-added products is also helping to drive global market expansion. The potential for sustainable surimi waste utilization will almost certainly increase the amount of surimi-based products generated in the future.

Surimi's use in imitation fish goods is propelling the global market forward. Because it is less expensive and high in nutrients, imitation crab is becoming more popular among customers for making seafood at home.

The global surimi market is expected to reach a value of more than US$ 11.28 billion by 2029, with a growth rate of approximately 6% from 2022 to 2029.

The desire for non-meat protein alternatives is fueled by health concerns about red meat consumption. Surimi's increasing use in a variety of processed seafood functional foods will boost demand in the long run. Surimi's use in imitation fish goods is propelling the global market forward. Because it is less expensive and high in nutrients, imitation crab is becoming more popular among customers for making seafood at home. Various marine products, such as salmon, tuna, lobsters, and other shellfish, are, on the other hand, battling to maintain a substantial market share due to rising pricing. Surimi's use in the preparation of crab-flavored items and other seafood is likely to rise in the future years, boosting sales.

As consumer awareness of a healthy lifestyle and nutritional foods grows, people are increasingly choosing high-quality, natural, and organic foods. They are also concerned about the quality of the materials used in food products and desire to consume nutritious and healthy foods. Surimi producers, on the other hand, will continue to face competition from traditional seafood and unsustainable fishing methods. Health concerns regarding processed food additives are preventing adoption.

Major Developments in the Global Surimi Market:

• Norwegian Cluster Pescamar Holding is one of the entrants to the surimi market, having acquired Argentinean Hoki Fishing and surimi processing company San Arawa in mid-2019.
• Vardin, a body of water fish supplier, announced intentions to modernise its processing facilities in 2019 and add a surimi processing line. This process line is scheduled to be operational in 2020.

Key Segments of Surimi Market

1. By Source

• Alaska Pollock
• Pacific Whiting
• Silver Crap
• Others

2. By Distribution

• Retail Sales
• Direct Sales
• Supermarket
• Hypermarket
• Wet Market

Source Overview, 2022-2029 (USD Billion)

• Alaska Pollock
• Pacific Whiting
• Silver Crap
• Others

Distribution Overview, 2022-2029 (USD Billion)

• Retail Sales
• Direct Sales
• Supermarket
• Hypermarket
• Wet Market

Regional Overview, 2022-2029 (USD Billion)

• North America
  • • US
    • Canada
• Europe
  • • UK
    • Germany
    • France
    • Rest of Europe
• Asia Pacific
  • • China
    • Japan
    • India
    • Rest of Asia Pacific
• South America
  • • Brazil
    • Mexico
    • Rest of South America
• Middle East & Africa