Surimi Market Forecasts to 2030 – Global Analysis By Species (Alaskan Pollock, Atlantic Cod and Black Bass), Sales Channel (Convenience Stores, Discount Stores, Online Retail and Wholesale Stores), Application and By Geography

Surimi Market Forecasts to 2030 – Global Analysis By Species (Alaskan Pollock, Atlantic Cod and Black Bass), Sales Channel (Convenience Stores, Discount Stores, Online Retail and Wholesale Stores), Application and By Geography


According to Stratistics MRC, the Global Surimi Market is accounted for $4.43 billion in 2024 and is expected to reach $7.15 billion by 2030 growing at a CAGR of 8.3% during the forecast period. Surimi is a versatile seafood product made from white fish, typically Alaskan pollock, that has been deboned, minced, and washed to remove fat and unwanted proteins. The resulting fish paste is then flavored, seasoned, and often combined with other ingredients to mimic the texture and taste of higher-value seafood like crab or lobster. Surimi is commonly used in a variety of processed foods, such as imitation crab sticks (kani), seafood salads, and sushi. This product is valued for its neutral flavor, which easily adapts to different seasonings, and its ability to be shaped into various forms.

According to an article published by the Food and Aquaculture Organization, approximately 214 million tons of aquaculture and fisheries were produced in 2020 and this number is further expected to increase by 15% by the year 2030.

Market Dynamics:

Driver:

Rising seafood consumption

Rising seafood consumption is significantly enhancing the surimi industry, which capitalizes on the growing appetite for diverse, sustainable seafood products. Surimi, a versatile fish paste made primarily from white fish like pollock, is valued for its ability to mimic the texture and taste of various seafood items, making it a popular ingredient in dishes like imitation crab and fish sticks. As global seafood consumption increases, driven by health-conscious trends and the desire for convenient, protein-rich options, surimi's appeal expands. This boost in demand encourages innovation and quality improvements in surimi production, leading to more refined and diverse product offerings.

Restraint:

Fluctuations in fish prices

Fluctuations in fish prices are significantly impacting the Surimi industry, which relies on a consistent supply of fish to produce its products. Surimi, a processed seafood product made from fish, typically uses cheaper fish varieties like pollock or hake. When fish prices are unstable, it creates challenges in maintaining production costs and pricing strategies. For instance, if fish prices spike due to supply shortages or increased demand, the cost of raw materials for Surimi production rises, potentially leading to higher prices for consumers. Conversely, if fish prices fall, it may indicate an oversupply or lower demand, affecting the profitability of Surimi producers who might be forced to lower their prices to stay competitive.

Opportunity:

Increased focus on sustainable fishing practices

Increased focus on sustainable fishing practices is substantially enhancing the production of surimi, a versatile seafood product made from finely minced fish. By adopting responsible fishing methods, such as limiting catch sizes, avoiding overexploited species, and minimizing bycatch, the fishing industry helps ensure that fish populations remain healthy and ecosystems are preserved. This commitment to sustainability not only supports environmental balance but also improves the quality and reputation of surimi.

Threat:

Health and safety concerns

Surimi, a popular seafood product made from minced fish, faces significant health and safety concerns that impact its production and consumption. One major issue is the potential for contamination with harmful pathogens such as bacteria or parasites during processing, which can lead to foodborne illnesses if not properly managed. Surimi often contains various additives and preservatives, some of which may raise health concerns if consumed in large amounts over time. Allergic reactions to ingredients, particularly fish and shellfish, are another risk factor. The need for stringent hygiene practices and regular quality control is crucial to mitigate these risks.

Covid-19 Impact:

The COVID-19 pandemic significantly disrupted the surimi industry, a key player in the global seafood market. As the virus spread, it caused a cascade of challenges, including factory closures, supply chain interruptions, and labor shortages. Surimi production, reliant on both imported fish and global distribution networks, faced delays due to reduced availability of raw materials and logistical bottlenecks. The pandemic's impact on consumer behavior also shifted demand patterns, with reduced restaurant operations and changes in purchasing habits leading to decreased sales. Heightened health and safety regulations increased operational costs and further complicated production processes.

The Convenience Stores segment is expected to be the largest during the forecast period

Convenience Stores segment is expected to be the largest during the forecast period. Convenience stores are increasingly focusing on enhancing their surimi offerings to cater to evolving consumer preferences for both convenience and quality. Surimi, a versatile and cost-effective seafood product made from processed fish, is being upgraded with better flavor profiles, improved texture, and higher nutritional value to meet the growing demand for premium and health-conscious options. This enhancement involves using higher-quality fish, incorporating innovative processing techniques, and adding natural flavorings to create a more satisfying and appetizing product.

The Animal Feed segment is expected to have the highest CAGR during the forecast period

Animal Feed segment is expected to have the highest CAGR during the forecast period. The enhancement of surimi in the animal feed segment represents a significant advancement in optimizing feed quality and nutritional value. Surimi, a processed seafood product made from fish meat, is increasingly being incorporated into animal feed due to its high protein content and beneficial amino acid profile. By refining surimi through advanced processing techniques, its digestibility and nutrient availability can be improved, making it a more effective feed ingredient for livestock and aquaculture. This enhancement not only boosts the nutritional value of the feed but also supports better growth rates and overall health in animals.

Region with largest share:

North America region commanded the largest share of the market throughout the extrapolated period. International trade agreements facilitate easier access to international markets, allowing North American surimi producers to export their products more efficiently. As global demand for surimi—an increasingly popular seafood product made from fish paste—rises, North American companies are capitalizing on this growth by enhancing their production capabilities and diversifying their offerings. Trade agreements often reduce tariffs and streamline regulatory processes, making North American surimi more competitive on the world stage.

Region with highest CAGR:

Europe region is poised to witness substantial growth over the projection period by ensuring high standards of quality, safety, and sustainability. Stringent regulations on product labeling, ingredient transparency, and hygienic processing practices help build consumer trust and safeguard public health across the region. European policies also promote sustainable fishing practices, which are essential for the long-term viability of surimi production. By adhering to these regulations, surimi producers can access premium markets and differentiate their products based on quality and environmental responsibility throughout the region.

Key players in the market

Some of the key players in Surimi market include American Seafoods Company LLC, Apitoon Group, Cargill, Inc, Glacier Fish Company, Maruha Nichiro Corporation, Nippon Suisan Kaisha, Ltd, Ocean Beauty Seafoods, Pacific Seafood Group, Sajo Industries Co., Ltd and Starfish Co., Ltd.

Key Developments:

In December 2021, Shining Ocean completed the acquisition of the True World Group by the Aquamar. True World Foods, a company owned by the TWG that distributes fish to food-service venues, has locations in the US, Canada, the UK, & Spain.

In September 2020, the Japanese seafood company, Maruha Nichiro, introduced a new line of surimi-based products called Crab Tsumami. These are made with a combination of real crab meat and surimi paste.

Species Covered:
• Alaskan Pollock
• Atlantic Cod
• Black Bass

Sales Channels Covered:
• Convenience Stores
• Discount Stores
• Online Retail
• Wholesale Stores

Applications Covered:
• Animal Feed
• Food Industry
• Other Applications

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

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Surimi Market, By Species
5.1 Introduction
5.2 Alaskan Pollock
5.3 Atlantic Cod
5.4 Black Bass
6 Global Surimi Market, By Sales Channel
6.1 Introduction
6.2 Convenience Stores
6.3 Discount Stores
6.4 Online Retail
6.5 Wholesale Stores
7 Global Surimi Market, By Application
7.1 Introduction
7.2 Animal Feed
7.3 Food Industry
7.4 Other Applications
8 Global Surimi Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 American Seafoods Company LLC
10.2 Apitoon Group
10.3 Cargill, Inc
10.4 Glacier Fish Company
10.5 Maruha Nichiro Corporation
10.6 Nippon Suisan Kaisha, Ltd
10.7 Ocean Beauty Seafoods
10.8 Pacific Seafood Group
10.9 Sajo Industries Co., Ltd
10.10 Starfish Co., Ltd
List of Tables
Table 1 Global Surimi Market Outlook, By Region (2022-2030) ($MN)
Table 2 Global Surimi Market Outlook, By Species (2022-2030) ($MN)
Table 3 Global Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
Table 4 Global Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
Table 5 Global Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
Table 6 Global Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
Table 7 Global Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
Table 8 Global Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
Table 9 Global Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
Table 10 Global Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
Table 11 Global Surimi Market Outlook, By Application (2022-2030) ($MN)
Table 12 Global Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
Table 13 Global Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
Table 14 Global Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
Table 15 North America Surimi Market Outlook, By Country (2022-2030) ($MN)
Table 16 North America Surimi Market Outlook, By Species (2022-2030) ($MN)
Table 17 North America Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
Table 18 North America Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
Table 19 North America Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
Table 20 North America Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
Table 21 North America Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
Table 22 North America Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
Table 23 North America Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
Table 24 North America Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
Table 25 North America Surimi Market Outlook, By Application (2022-2030) ($MN)
Table 26 North America Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
Table 27 North America Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
Table 28 North America Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
Table 29 Europe Surimi Market Outlook, By Country (2022-2030) ($MN)
Table 30 Europe Surimi Market Outlook, By Species (2022-2030) ($MN)
Table 31 Europe Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
Table 32 Europe Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
Table 33 Europe Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
Table 34 Europe Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
Table 35 Europe Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
Table 36 Europe Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
Table 37 Europe Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
Table 38 Europe Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
Table 39 Europe Surimi Market Outlook, By Application (2022-2030) ($MN)
Table 40 Europe Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
Table 41 Europe Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
Table 42 Europe Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
Table 43 Asia Pacific Surimi Market Outlook, By Country (2022-2030) ($MN)
Table 44 Asia Pacific Surimi Market Outlook, By Species (2022-2030) ($MN)
Table 45 Asia Pacific Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
Table 46 Asia Pacific Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
Table 47 Asia Pacific Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
Table 48 Asia Pacific Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
Table 49 Asia Pacific Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
Table 50 Asia Pacific Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
Table 51 Asia Pacific Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
Table 52 Asia Pacific Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
Table 53 Asia Pacific Surimi Market Outlook, By Application (2022-2030) ($MN)
Table 54 Asia Pacific Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
Table 55 Asia Pacific Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
Table 56 Asia Pacific Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
Table 57 South America Surimi Market Outlook, By Country (2022-2030) ($MN)
Table 58 South America Surimi Market Outlook, By Species (2022-2030) ($MN)
Table 59 South America Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
Table 60 South America Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
Table 61 South America Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
Table 62 South America Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
Table 63 South America Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
Table 64 South America Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
Table 65 South America Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
Table 66 South America Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
Table 67 South America Surimi Market Outlook, By Application (2022-2030) ($MN)
Table 68 South America Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
Table 69 South America Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
Table 70 South America Surimi Market Outlook, By Other Applications (2022-2030) ($MN)
Table 71 Middle East & Africa Surimi Market Outlook, By Country (2022-2030) ($MN)
Table 72 Middle East & Africa Surimi Market Outlook, By Species (2022-2030) ($MN)
Table 73 Middle East & Africa Surimi Market Outlook, By Alaskan Pollock (2022-2030) ($MN)
Table 74 Middle East & Africa Surimi Market Outlook, By Atlantic Cod (2022-2030) ($MN)
Table 75 Middle East & Africa Surimi Market Outlook, By Black Bass (2022-2030) ($MN)
Table 76 Middle East & Africa Surimi Market Outlook, By Sales Channel (2022-2030) ($MN)
Table 77 Middle East & Africa Surimi Market Outlook, By Convenience Stores (2022-2030) ($MN)
Table 78 Middle East & Africa Surimi Market Outlook, By Discount Stores (2022-2030) ($MN)
Table 79 Middle East & Africa Surimi Market Outlook, By Online Retail (2022-2030) ($MN)
Table 80 Middle East & Africa Surimi Market Outlook, By Wholesale Stores (2022-2030) ($MN)
Table 81 Middle East & Africa Surimi Market Outlook, By Application (2022-2030) ($MN)
Table 82 Middle East & Africa Surimi Market Outlook, By Animal Feed (2022-2030) ($MN)
Table 83 Middle East & Africa Surimi Market Outlook, By Food Industry (2022-2030) ($MN)
Table 84 Middle East & Africa Surimi Market Outlook, By Other Applications (2022-2030) ($MN)

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