Surimi Market: at a Glance
Reports and Insights deliver key insights on the Surimi Market. In terms of revenue, the surimi market is estimated to expand at a CAGR of 6.1% during the forecast period, owing to numerous factors, regarding which Reports and Insights offer thorough insights and forecasts in its report on the surimi market.
Market Report Stance:
The objective of this report on the surimi market is to discuss market dynamics, including market drivers, market restraints, surimi market opportunities for the major players, surimi market trends, market segmentation outlook, regional outlook, surimi market size, market forecast, market share, as well as the major players operating in the surimi market.
Surimi is an age-old Japanese ingredient that is used in the making of seafood dishes such as crabcakes, fish balls, lobster rolls, etc. Surimi is a gel or paste which comes in various shapes, forms, and textures. Generally, it is a colorless and odorless ingredient which used to give texture and shape to food. While manufacturing all its nutrients are washed away, and Omega-3, which has several health benefits, is added after dewatering the minced seafood. The surimi industry started as recently as the 1960s when a Japanese scientist was able to increase the shelf life of the product with the help of sugar. Surimi’s recent rise is attributed to the huge difference in cost from actual seafood and the falling marine population.
Surimi Market: Dynamics
The surimi market, in recent times, has been on the rise. The main factor which is driving this demand in the surimi market is the rise in awareness about the degrading marine population. Due to the increasing water population, the quality and quantity of marine animals are lowering. Surimi can be produced with lower quality seafood and with those species of seafood which are less consumed. The cheap price of surimi also adds to the demand for surimi over traditional seafood.
Another factor that pushes the market demand is the presence of Omega-3 in surimi. This fatty acid has numerous health benefits such as avoiding cancer, heart diseases, and inflammatory disorders. These conditions are worsened
if other processed foods are consumed. Another driver in the surimi market is the widening acceptance of surimi around the world. The adoption of Japanese and other Asian cuisines brings along the growth of the surimi market.
The surimi market may, however, come across a few barriers. Surimi production requires the investment of a substantial sum of money in form of capital. New and up-to-date machinery is required to produce high food-grade surimi which is then approved by the national public healthcare agency before the launch markets. Moreover, at any time in its lifetime, a surimi production plant may be subjected to economic and other sanctions due to the water pollution these plants contribute. Short shelf life is yet another barrier that may disturb this market.
Nonetheless, ongoing research to find new and innovative uses of surimi provide a great opportunity to jump into this market. Moreover, the production of surimi with other meat such as pork and beef also expand the scope of this market. Overall, the market for surimi is still growing and there are some challenges and barriers along the way too. But, with the drivers mentioned and the opportunities adjudged, the surimi market is anticipated to experience considerable expansion during the forecast period.
Surimi Market: Regional Outlook
Japan is the place where surimi was first produced in the 1200s. Since then, the Japanese have been using this gel in the making of their food. Thus, the Asia Pacific region, more specifically the Southeast and East Asian region, is the market leader in the surimi market. China and India are also adopting Japanese cuisine and thus contributing to the growth of this region.
North America is also adopting Japanese cuisine, mainly because of the existence of the Asian diaspora there. This is estimated to help grow the region in the surimi market with a steep CAGR.
Surimi Market: Key Players
There are several key players in the market for surimi. Some of the leading companies include Aquamar Inc, Viciunia Group, Trident Seafoods. Pacific Seafood Group, SeaPak, Glacier Fish Company, Boston Salads & Prepared Foods, Arctic Storm Management Group, OceanFood Sales Ltd., Maruha Nichiro Group, Russia Fishery Companies, Thong Siek Global, Trans-Ocean Products, Gadre Marine, Ocean More Foods Co. Ltd., and American Seafoods Group amongst others.
Surimi Market: Segmentation Outlook
These segments provide a deeper understanding of the surimi market and allow for more targeted and effective market analysis and decision-making. The following factors can be used to divide the market for surimi:
Surimi Market, By Species:
Based on the Species the global surimi market is segmented into; Fish Surimi, Pork Surimi, and Beef Surimi.
Surimi Market, By Form:
Based on the Form the global surimi market is segmented into; Fresh Surimi and Processed Surimi.
Surimi Market, By Sales Channel:
Based on the Sales Channel the global surimi market is segmented into; Modern Trade, Convenience Stores, Specialty Food Stores, Wholesale Stores, Discount Stores, and Online Retail.
Surimi Market, By Application:
Based on the Application the global surimi market is segmented into; Food Industry, Pharmaceutical Industry, Animal Feed, Pet Food, Food Service, and Retail.
Surimi Market, By Geography:
Based on Geography the global surimi market is segmented into; North America, Asia Pacific, Europe, Latin America, the Middle East, & Africa.
Contact Us
Reports and Insights
Tel: +1-(718)-312-8686
For Sales Query: [email protected]
For New Topics & Other Info: [email protected]m
Website: https://reportsandinsights.com
