Global Surimi Market Size To Exceed USD 8.27 Billion By 2035 | CAGR of 6.22%

Global Surimi Market Size To Exceed USD 8.27 Billion By 2035

According to a research report published by Spherical Insights & Consulting, the Global Surimi Market Size is Expected to Grow from USD 4.26 Billion in 2024 to USD 8.27 Billion by 2035, at a CAGR of 6.22% during the forecast period 2025-2035.

Browse key industry insights spread across 225 pages with 119 Market data tables and figures & charts from the report on the" Global Surimi Market Size, Share, and COVID-19 Impact Analysis, By Source (Tropical and Cold Water), By Form (Frozen and Fresh), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035."  Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/surimi-market

The surimi market focuses on producing processed fish paste used as a seafood substitute, is experiencing significant growth driven by increasing consumer awareness of its health benefits, including high protein, low fat, and omega-3 content. Rising demand for affordable, convenient, and nutritious food options, coupled with the global popularity of Asian cuisine, supports this expansion. Surimi is commonly used in products like crab sticks, fish cakes, spring rolls, and dumplings. The market is further driven by the expansion of seafood and aquaculture production, which reached 223.2 million tonnes in 2022. Concerns about the health effects of eating red meat have also raised interest in surimi as a protein substitute that isn't meat. With new competitors and acquisitions like Pescamar Holding's purchase of San Arawa, market dynamics are changing. Further development is hampered by issues such as a lack of locally available raw materials, expensive production methods, storage problems, and possible microbial contamination. Notwithstanding these limitations, the industry is still expanding due to customer demand for high-quality, natural, and clean-label items.

The tropical segment dominated the market in 2024 and is expected to expand at a significant CAGR during the forecast period.

Based on the source, the surimi market is divided into tropical and cold water. Among these, the tropical segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Tropical surimi is a popular seafood choice since it provides consumers with a cost-effective substitute for other seafood selections. Furthermore, compared to typical seafood, tropical surimi is a more sustainable option since it makes use of underutilised fish resources in tropical regions. By minimising reliance on overfished resources and diversifying the sources of seafood consumed, this promotes marine biodiversity.

The frozen segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the form, the surimi market is divided into frozen and fresh. Among these, the frozen segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Frozen surimi maintains functional properties, allows for long-term storage, and assures constant quality in large-scale manufacture of items such as imitation crab and fish balls. Growth is driven by advanced freezing processes and increased demand for ready-to-cook seafood, maintaining frozen packaging's dominant position in worldwide surimi commerce and logistics.

Asia Pacific is expected to hold the majority share of the global surimi market during the forecast period.

Asia Pacific is expected to have the greatest share of the surimi market. The Asia Pacific area consumes a lot of surimi because of its flavour, affordability, and adaptability. Many Asian countries have seafood as a staple of their local cuisine. Furthermore, the fish sector has a well-known history of promoting and marketing surimi throughout the Asia Pacific area, all of which has helped to increase sales of these goods. Fish balls, crab sticks, and kamaboko are examples of surimi food items that are frequently eaten as snacks or as a source of protein in meals.

Europe is anticipated to grow at the fastest pace in the global surimi market during the forecast period. Demand for sustainable and healthful protein sources has increased in the area, and surimi is seen as a wholesome and low-fat alternative to other meat and seafood. Furthermore, the European fish industry has been promoting surimi-based products as a quick and affordable alternative to fresh seafood. The popularity of Asian cuisine in Europe has also led to a greater awareness and appreciation of surimi-based products, such as fish balls and crab sticks, which are propelling the business.

Major vendors in the global surimi market are HAI THANH CO., LTD, MEENA Brand Surimi, APITOON GROUP, Starfish Co., Ltd., Java Seafood, PT. INDO SEAFOOD, Southern Marine, SEAPRIMEXCO, Zhejiang Longsheng Aquatic Products Co., Ltd., PT. Indonesia Bahari Lestari, and Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

In March 2024, Aquamar debuted new heat-and-eat shellfish innovations at Seafood Expo North America, featuring meals inspired by classic Italian and Spanish cuisine. These easy-to-prepare refrigerated goods, such as Steamed Mussels with Tomato and Garlic, broaden Aquamar's surimi and seafood offerings. Attendees may see these advancements at Aquamar's booth and try them out in the Wave Makers' Zone on March 11.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the surimi market based on the below-mentioned segments:

Global Surimi Market, By Source

• Tropical
• Cold Water

Global Surimi Market, By Form

• Frozen
• Fresh

 Global Surimi Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa