The global Surimi market size is projected to reach USD 7.84 billion by 2029

Surimi Definition

Surimi is a concentrate of whitefish proteins. The extraction of surimi takes place onboard factory vessels, just after fishing, or in land-based factories. The meat of fish fillets is minced and rinsed with fresh water several times; only soluble proteins are kept. The paste obtained from this process, odorless and tasteless, is put in the form of frozen blocks called surimi base. Then cyoprotectants15 are added to the surimi base in order to preserve its gelling and elastic properties. These blocks are sold to the food processors, which transform this raw material with other ingredients to give it texture, taste and color, and obtain the final product, called surimi or kamaboko, which is popular on Asiatic and European markets.

Surimi Picture

Surimi Market Summary

According to the new market research report “Global Surimi Market Report 2023-2029”, published by GlobalInfoResearch, the global Surimi market size is projected to reach USD 7.84 billion by 2029, at a CAGR of 5.0% during the forecast period.

• Global Surimi MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Surimi Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

Market trends:

The growing proclivity of nonmeat proteins through the incorporation of functional food ingredients is a key driver for opportunities in the surimi market. Surimi flling has allured consumers of seafood and meat products due to its low pricing and nutritional value. In cooked meat, food processing companies use surimi for enhancing tenderness, juiciness, and mouthfeel.

Advances in chemical processing methods and washing processes for protein recovery from underutilized fish species is a key trend bolstering the prospect of surimi market. Restaurants are beginning to see surimi as a potential alternative to meet the decline in lateral fish, thereby unburdening the fish industry. Rise in demand for comminuted meat products is also boosting the uptake of surimi. Advances in recombinant technology has : been very significant for market players to prevent surimi gel weakening.

Market Restraints

Resource limitations: The production of surimi mainly depends on fish resources. However, fish resources are limited globally, and overfishing and environmental damage have led to declines in many fish stocks, which limits the supply capacity of the surimi market.

Seasonal effects: Fish resources are affected by seasonal changes, and the production of surimi is closely related to the seasons. In certain seasons, fish resources may be relatively scarce, leading to price fluctuations and unstable supply in the surimi market.

Production costs: The production process of surimi requires significant labor, energy and raw material inputs. As production costs increase, the price of surimi products may also increase, which may affect consumer purchasing power and demand.

Market Competition: The surimi market faces competition from other food products. Consumers are paying attention to healthy eating, green environmental protection and increasing the added value of products, making surimi products need to compete with other highly nutritious and high-quality foods.

Regulations and policy restrictions: In some countries and regions, regulations and policy restrictions on fish fishing, farming and processing may have an impact on the development of the surimi market. For example, strict environmental regulations and fishery management policies may limit the supply of raw materials and production processes for surimi production.

• Global Surimi Top22 Players Rankingand Market Share（Continually updated）

Source: GlobalInfoResearch, “Global Surimi Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Surimi include Anjoyfood, Viciunai Group, APITOON, Angulas Aguinaga, Haixin, Sugiyo, Luck Union Foods, Huifafood, Fleury Michon, Longsheng, etc. In 2022, the global top 10 players had a share approximately 31.0% in terms of revenue.

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