Market Overview:
The global surimi products market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for surimi products in households, hotels, restaurants and catering (HoReCa) establishments, and others across the globe. Additionally, increasing awareness about the health benefits of consuming surimi products is also contributing to the growth of this market. On the basis of type, frozen surimi accounted for a major share of the global surimi products market in 2017. This segment is projected to grow at a CAGR of 5.8% during 2018-2030 owing to its numerous benefits such as long shelf life and easy preparation.
Product Definition:
Surimi products are made from fish that have been cleaned and deboned. The meat is then ground into a paste and mixed with various flavorings, colorings, and thickeners. Surimi products can be used to make imitation crabmeat, lobster meat, shrimp, and other seafood items.
Frozen Surimi:
Frozen surimi is a food product made from fish and seafood. It is considered as one of the most popular Japanese foods. The primary ingredients in frozen surimi include egg, flour, salt, sugar and coloring agents such as carmine (carminic acid). Other common additives include starch (arrowroot or cornstarch), xanthan gum and/or flavorants among others.
Chilled/Fresh Surimi:
Chilled/fresh surimi is a type of fish paste. It is made from the white muscle meat of deep water fish such as tuna, bonito, anchovy and mackerel. The texture and consistency of chilled/fresh surimi varies depending on the species of fish from which it is extracted.
Application Insights:
The others application segment accounted for the largest revenue share of over 30% in 2017. The products are widely used in cosmetics, food and beverages, pharmaceuticals, and other industries. Surimi is also being increasingly used as a replacement for crab meat in restaurants and catering businesses owing to its high protein content which helps maintain the nutritional value of food products. Furthermore, rising demand from countries such as China and India is expected to drive this application segment over the forecast period.
Households were the second largest consumers of surimi with a volume consumption of around 20 tons per year globally across all regions combined (North America; Central & South America; Europe; Asia Pacific).
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from U.S., coupled with rising awareness about sustainability and health benefits of fish products. Asia Pacific is expected to be the fastest-growing region over the forecast period, mainly due to increasing population and rising disposable income levels in developing countries such as China, India, Thailand, Philippines, Indonesia among others. Moreover, growing middle class populations along with rapid urbanization are anticipated to fuel product demand across APAC region during the forecast period.
The European market is also likely to witness significant growth over next eight years on account of increasing focus on seafood as a healthy source of protein by nutritionists associated with health bodies across Europe countries including Germany; France; Italy; UK among others will have a positive impact on industry growth over next few years.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the surimi products market. Convenience foods are those that can be easily prepared and consumed, without any major preparation time or hassle. This has led to an increase in the popularity of ready-to-eat and ready-to-cook surimi products among consumers.
- Rising disposable income levels: Another key growth driver for the surimi products market is rising disposable income levels, especially in developing countries such as China and India. This has led to an increase in consumer spending on food items, including processed seafood products such as surimi.
- Growing awareness about health benefits of seafood: There is a growing awareness among consumers about the health benefits of consuming seafood, which is driving their demand for processed seafood items such as surimi products. Seafood is a rich source of omega-3 fatty acids, proteins, vitamins, and minerals that are beneficial for overall health. Thus, increasing numbers of people are inclining towards consuming processed seafood items like surimi to meet their daily nutritional requirements easily and conveniently .
- . Changing lifestyle trends: A major factor driving growth in the globalsurimiproducts marketis changing lifestyle trendsamongconsumers across different regionsofthe world .With more people now leading busy lives with little time to cook meals from scratch at home , thereisan increasingdemandforpreparedandconvenientfooditemsincluding
Scope Of The Report
Report Attributes
Report Details
Report Title
Surimi Products Market Research Report
By Type
Frozen Surimi, Chilled/Fresh Surimi
By Application
Households, Hotels, Restaurants and Catering (HoReCa), Others
By Companies
Viciunai Group, Trans-Ocean Products, Seaprimexco Vietnam, Thong Siek Global, Gadre Marine, Ocean More Foods Co., Ltd., APITOON, Luck Union Foods, Sugiyo, Aquamar, Fujimitsu, Seapack, Ocean Food Company, Shining Ocean, Haixin, Anjoyfood, Huifafood, Haibawang, Longsheng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Surimi Products Market Report Segments:
The global Surimi Products market is segmented on the basis of:
Types
Frozen Surimi, Chilled/Fresh Surimi
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Households, Hotels, Restaurants and Catering (HoReCa), Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Viciunai Group
- Trans-Ocean Products
- Seaprimexco Vietnam
- Thong Siek Global
- Gadre Marine
- Ocean More Foods Co., Ltd.
- APITOON
- Luck Union Foods
- Sugiyo
- Aquamar
- Fujimitsu
- Seapack
- Ocean Food Company
- Shining Ocean
- Haixin
- Anjoyfood
- Huifafood
- Haibawang
- Longsheng
Highlights of The Surimi Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Frozen Surimi
- Chilled/Fresh Surimi
- By Application:
- Households
- Hotels, Restaurants and Catering (HoReCa)
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surimi Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Surimi is a type of seafood that is made from the flesh of fish or crustaceans that have been processed into a paste.
Some of the key players operating in the surimi products market are Viciunai Group, Trans-Ocean Products, Seaprimexco Vietnam, Thong Siek Global, Gadre Marine, Ocean More Foods Co., Ltd., APITOON, Luck Union Foods, Sugiyo, Aquamar, Fujimitsu, Seapack, Ocean Food Company, Shining Ocean, Haixin, Anjoyfood, Huifafood, Haibawang, Longsheng.
The surimi products market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surimi Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surimi Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surimi Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surimi Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surimi Products Market Size & Forecast, 2018-2028
4.5.1 Surimi Products Market Size and Y-o-Y Growth
4.5.2 Surimi Products Market Absolute $ Opportunity
Chapter 5 Global Surimi Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Surimi Products Market Size Forecast by Type
5.2.1 Frozen Surimi
5.2.2 Chilled/Fresh Surimi
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Surimi Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Surimi Products Market Size Forecast by Applications
6.2.1 Households
6.2.2 Hotels
6.2.3 Restaurants and Catering (HoReCa)
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surimi Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surimi Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Surimi Products Analysis and Forecast
9.1 Introduction
9.2 North America Surimi Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Surimi Products Market Size Forecast by Type
9.6.1 Frozen Surimi
9.6.2 Chilled/Fresh Surimi
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Surimi Products Market Size Forecast by Applications
9.10.1 Households
9.10.2 Hotels
9.10.3 Restaurants and Catering (HoReCa)
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Surimi Products Analysis and Forecast
10.1 Introduction
10.2 Europe Surimi Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Surimi Products Market Size Forecast by Type
10.6.1 Frozen Surimi
10.6.2 Chilled/Fresh Surimi
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Surimi Products Market Size Forecast by Applications
10.10.1 Households
10.10.2 Hotels
10.10.3 Restaurants and Catering (HoReCa)
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Surimi Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Surimi Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Surimi Products Market Size Forecast by Type
11.6.1 Frozen Surimi
11.6.2 Chilled/Fresh Surimi
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Surimi Products Market Size Forecast by Applications
11.10.1 Households
11.10.2 Hotels
11.10.3 Restaurants and Catering (HoReCa)
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Surimi Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Surimi Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Surimi Products Market Size Forecast by Type
12.6.1 Frozen Surimi
12.6.2 Chilled/Fresh Surimi
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Surimi Products Market Size Forecast by Applications
12.10.1 Households
12.10.2 Hotels
12.10.3 Restaurants and Catering (HoReCa)
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Surimi Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Surimi Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Surimi Products Market Size Forecast by Type
13.6.1 Frozen Surimi
13.6.2 Chilled/Fresh Surimi
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Surimi Products Market Size Forecast by Applications
13.10.1 Households
13.10.2 Hotels
13.10.3 Restaurants and Catering (HoReCa)
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surimi Products Market: Competitive Dashboard
14.2 Global Surimi Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Viciunai Group
14.3.2 Trans-Ocean Products
14.3.3 Seaprimexco Vietnam
14.3.4 Thong Siek Global
14.3.5 Gadre Marine
14.3.6 Ocean More Foods Co., Ltd.
14.3.7 APITOON
14.3.8 Luck Union Foods
14.3.9 Sugiyo
14.3.10 Aquamar
14.3.11 Fujimitsu
14.3.12 Seapack
14.3.13 Ocean Food Company
14.3.14 Shining Ocean
14.3.15 Haixin
14.3.16 Anjoyfood
14.3.17 Huifafood
14.3.18 Haibawang
14.3.19 Longsheng
