Surimi Market Report 2025 (Global Edition)

Global Surimi Market Report 2025 Market Size Split by Type (Fish Surimi, Meat Surimi), by Application (HoReCa, Food Processing, Households, Pharmaceuticals, Animal Feed), by Form (Fresh, Processed), b...

Surimi Market Report Description

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Competitive Landscape: Surimi Market

One of the goods that is most competitively marketed is surimi. The market is crowded with players, from multinational seafood corporations to local food producers and distributors. The primary market participants engage in competition by means of product innovation, quality enhancement, and geographic diversification. In response to consumers' shifting desires for healthier and more genuine options, many players are working to offer surimi products with improved texture, flavor, and nutritional content. Prominent industry participants often rely on joint ventures, cooperative efforts, and procurements to enhance their market share. In order to ensure a steady supply of raw materials for the surimi production process, they make investments in efficient supply chain management. The promotion and marketing of surimi-based products is crucial to raising consumer awareness of and acceptance of them.

The major key players are Viciunai Group (Lithuania), Trans-Ocean Products (USA), Seaprimexco Vietnam (Vietnam), Thong Siek Global (Thailand), Gadre Marine (India), Ocean More Foods Co., Ltd. (China), APITOON (Thailand), Luck Union Foods (Thailand), Sugiyo Co., Ltd. (Japan), Aquamar Inc. (Canada), Fujimitsu Corporation (Japan), SeaPak (USA). 

These companies produce and sell surimi products all over the world. They sell various types of surimi, including frozen, chilled, and fresh. They also sell different types of surimi in different flavorings and textures. These companies produce and sell surimi products all over the world. They sell various types of surimi, including frozen, chilled, and fresh. They also sell different types of surimi in different flavorings and textures. 

Recent Market Developments:

• In December 2022, to decrease the amount of plastic and increase recyclability. Mondi has given Angulas Aguinaga supplementary packaging. It was made of recyclable paper for its Krissia brand chilled surimi sticks.
(Source:https://www.mondigroup.com/news-and-insight/2022/mondi-lands-a-catch-with-krissia-surimi-sticks-and-its-switch-to-recyclable-paper-based-packaging/)

• In January 2023, Santa Bremor,  to move the manufacturing of surimi sticks to its Russian Sea facility in Noginsk, close to Moscow.
(Source;https://www.intrafish.com/whitefish/santa-bremor-plans-to-move-surimi-production-to-russia/2-1-1382685)

Top Companies Market Share in Surimi Industry: (In no particular order of Rank)

• Trident Seafoods
• Aquamar Inc
• Maruha Nichiro Group
• American Seafoods Group
• Viciunai Group
• Seaprimexco Vietnam
• Thong Siek Global
• Trans-Ocean
• Gadre Marine
• Russian Fishery Company
• Ocean More Foods Co. Limited
• A B Golden Seafood
• Glacier Fish Company
• Maruha Nichiro Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Which Region will dominate the Market in 2024, and Which Region is Expanding at the Fastest CAGR?

Asia Pacific held the highest share of over 50% of the global market in 2022 and is anticipated to remain the leading region in the forecast period. The region is also anticipated to expand at the fastest CAGR of XX% over the forecast period. The Asia Pacific region consumes a lot of surimi because of its flavor, affordability, and adaptability. Seafood is a staple item and a significant component of the local cuisine in many parts of Asia. The seafood business has also heavily advertised and sold surimi throughout the Asia Pacific area, which has contributed to its broad appeal. Fish balls, crab sticks, and kamaboko are examples of surimi-based goods that are frequently eaten as snacks or used as a source of protein in recipes.

Europe held a significant share of the market and is expected to grow with a significant CAGR of XX% over the forecast period. Surimi is viewed as a low-fat, healthful substitute for other meats and seafood due to the region's growing need for sustainable and high-quality protein sources. Furthermore, surimi-based products have been promoted by the European seafood sector as a practical and cost-effective substitute for fresh seafood. Additionally, the market is being driven by the growing knowledge and appreciation of surimi-based items like fish balls and crab sticks in Europe due to the popularity of Asian cuisine. 

The current report Scope analyzes Surimi Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Surimi Market Analysis

How is the Species Type Segment Performing in the Surimi Market?

Based on species type, fish surimi segment holds the largest share in the global surimi industry in 2023. Based on species, the market is classified into fish surimi and meat surimi

Fish surimi has a better flavor and texture than meat surimi, according to consumers. Fish surimi has a firm, chewy texture and a mild, delicate flavor. Conversely, meat surimi has a softer texture and a stronger flavor. 
Around the world, fish surimi is easily accessible, and this contributes significantly to the growing demand for it. Meat surimi is still equally popular in some areas or cuisines, nevertheless. 

Fish surimi has a long history and is highly valued in certain cultures' cuisines, such as Japan. Because it is favored over beef surimi, it is becoming more and more well-known worldwide and gaining market share. 

Because fish surimi is low in fat and calories, it's a great addition to a diet for people trying to get rid of extra weight. Foods low in fat and cholesterol can help prevent chronic conditions like heart disease. Because of their numerous uses in Asian cuisines and nutritious qualities, itoyori and Pacific whiting surimi are two types of fish surimi that are anticipated to see significant increases in demand. 

Species Type Outlook

• Fish Surimi
• Alaska Pollock
• Atlantic Cod
• Tilapia
• Black Bass
• Others
• Meat Surimi
• Pork
• Beef

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Surimi Industry. Request a Free Sample PDF!

Based on application, the market is divided into HoReCa, food processing, households, pharmaceuticals, and animal feed. Hotels, restaurants, and cafes holds the largest share of the global market. HoReCa (hotels, restaurants, and cafes) prefer surimi as a food ingredient in various meat and seafood products because of its superior fat-emulsifying, water-binding, and gelling properties. 

Food items with a crab flavor have grown in acceptance and usage. An increasingly common dish is imitation crab, which is made with surimi as a key ingredient. There is a growing trend among cafés and restaurants to use products that are produced ethically, particularly mock crab meals. One of the main forces is restaurants, which provide surimi as a naturally occurring fish product.

• HoReCa (Hotels, Restaurants, and Cafes)
• Food Processing
• Households
• Pharmaceuticals
• Animal Feed

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Surimi Form Segment Analysis

On the basis of form, it can be categorized into Fresh and Frozen form. Based on form, the fresh segment dominated the market in 2023 and is projected to remain the most prominent during the forecast period. 

Sushi, sashimi, and seafood salads are just a few of the meals that can benefit from the versatility of fresh surimi. Fresh surimi is a common component in many different cuisines due to its adaptability. It is becoming more and more well-liked because of its genuine flavor and texture, which are frequently connected to traditional Japanese food. The use of preservatives and additives in processed surimi worries consumers. They therefore choose the purity and freshness of fresh surimi. Because frozen surimi has a longer shelf life than fresh fish and is therefore more convenient for consumers who don't have access to fresh seafood or who would rather stockpile frozen goods for later use, the segment has experienced growth. Furthermore, frozen surimi is more accessible to consumers as it is more commonly available than fresh fish in many areas. Additionally, improvements in freezing and packaging technologies have made it possible to preserve the flavor and quality of frozen surimi products, which will support the segment's growth in the upcoming years.

However, processed surimi also offers benefits like convenience and an extended shelf life. Because of this, processed surimi is a popular choice among different customers. The decision between fresh and processed surimi is influenced by availability, taste, and intended applications in various recipes. Because frozen surimi has a longer shelf life and requires less processing, the higher quality items in this market are responsible for the segment's rise. This has raised demand from customers who value quality and freshness while making food selections. Furthermore, there is a rising need for fresh surimi, a low-fat and low-calorie source of protein that can be included into a range of recipes, as a result of people's increased interest in sustainable and healthful diets. Furthermore, advancements in transportation and logistics have made it easier to transport fresh surimi over longer distances, expanding its availability in more regions.

• Fresh
• Processed

Surimi Source Segment Analysis

Based on the source, Surimi market is segmented into Tropical and Cold Water. The tropical segment dominated the market in 2023 and is projected to remain the most prominent during the forecast period. This segment attracts consumers who are looking for a cost-effective way to enjoy seafood because it is cheaper than other seafood. Additionally, tropical surimi utilizes fish species that are abundant in tropical regions, thus providing a more sustainable alternative to traditional seafood. Therefore, the total amount of tropical fish is likely to contribute to the higher market share of this segment.

The tropical section has a variety of tropical species, such as goatfish, threadfin bream, lizardfish, and big eye snapper. More than 90% of the tropical section is made up of goatfish, big eye snapper, lizardfish, and threadfin bream. For those searching for a more economical way to eat seafood, tropical surimi is a desirable option because it is less expensive than other varieties of seafood. Furthermore, because tropical surimi makes use of underutilized fish sources that are plentiful in tropical areas, it is a more environmentally friendly choice than traditional seafood. This promotes the preservation of marine biodiversity and lessens the strain on overfished sources.

The cold water segment is expected to grow with a CAGR of XX% over the forecast period. The cold water portion is divided further into Pacific Whiting, Alaska Pollock, and other species. Technological and fishing methods developments that have made it easier to reach and catch these fish sources are to blame for the segment's rapid expansion. Targeting these species in deeper waters is now feasible thanks to advancements in fishing technology and techniques like bottom trawling and longline fishing.

Furthermore, as cold-water fisheries are frequently more resistant to overfishing than their tropical counterparts, there has been a focus on them as a result of the growing interest in sustainable seafood production. As a result, more money is now being spent on creating sustainable aquaculture methods for cold water sources.

• Tropical
• Cold Water

Surimi Distribution Channel Segment Analysis

Based on Distribution and sales channels On the basis of Distribution channel Surimi Market is segmented into Business to Business (B2B) and Business to Customer (B2C). The B2B segment held a higher share of over 50% of the global market in 2020 and is expected to register a considerable CAGR during the forecast period. 

The greater portion of the market is explained by the widespread use of surimi in a number of sectors, such as food processing, animal feed, and food services. Because of its affordability and adaptability, surimi is a widely used component in restaurants and food services. It is an appealing alternative for establishments on a tight budget because it can be used in a variety of seafood meals, including sushi, seafood salads, and soups. It is also often less expensive than fresh seafood options. Furthermore, the animal feed business frequently uses surimi byproducts, including fish meal, as a source of protein in animal feed for pets, livestock, and aquaculture. In addition to being more affordable than other protein sources, surimi byproducts have a number of nutritional advantages.

The B2C segment is expected to expand with a faster CAGR of XX% over the forecast period. The B2C segment is further fragmented into hypermarkets & supermarkets, convenience stores, online, and others. The hypermarkets & supermarkets segment held a significant share of around 30% in 2022. This is attributed to a larger selection of products compared to other retail outlets, and frozen surimi is often included in their frozen seafood section. Moreover, the online segment is expected to grow with the fastest CAGR of XX% over the forecast period.

The convenience of ordering groceries and other things online has led to a growing inclination among consumers to buy online, which has resulted in the segment's growth. Online sellers can benefit from the ease with which frozen surimi can be supplied and preserved in a frozen state. Online businesses can acquire frozen surimi from a range of sources and typically have a greater selection of items than conventional locations. Frozen surimi is becoming more widely available online as a result of this.

• B2B
• B2C

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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