In-depth Surimi Market Synopsis
The Comprehensive “Surimi Market” Research Report provides an in-depth examination of micro and macro market trends, pricing dynamics, and immediate market conditions. It also delves into a detailed analysis of key competitors in this highly competitive market, where numerous players are actively engaged in research and development to pioneer innovative products and services. The report not only covers current market scenarios but also explores future trends anticipated to propel growth in the Surimi market.
Surimi Market Growth Estimated:
The Surimi Market was valued at USD 3.87 billion in 2022 and is expected to grow to USD 5.97 billion by 2029, at a CAGR of 6.2%.
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Extent of the Market Report and Research Approach Surimi Market
The examination of the Surimi market in this research study is conducted through an extensive framework utilizing a diverse array of dependable secondary sources. These sources encompass accredited publications, expert-crafted articles, white papers, company annual reports, reputable websites, directories, and well-established databases. Leveraging these secondary sources extensively, the report aggregates significant and influential data, facilitating a profound analysis of the Surimi market across technical, market-oriented, and commercial dimensions.
This extensive Surimi market report thoroughly dissects segments such as Product Type, Application, and Region. Offering insights into participant data, the report spans regions like North America, Asia Pacific, Europe, Middle East & Africa, and South America. Segments encompass Types, Applications, End-User, and subtypes, employing facts, figures, illustrations, and presentations to present crucial data analysis for the forecast period. Furthermore, the report investigates market drivers, limitations, prospects, and barriers, encompassing company overviews, financial summaries, global presence, capacity portfolios, business strategies, and recent developments.
The report relies on primary and secondary research methodologies, combining qualitative and quantitative data. Primary research involves gathering information from industry leaders, subject matter experts, and market players, while secondary research entails studying company reports, investor presentations, annual reports, and regulatory filings. The goal is to offer insights into the current state and future prospects of the Surimi market, guiding strategic decision-making for industry stakeholders, investors, and policymakers.
Surimi Market Divisibility
by Type
Frozen surimi
Chilled surimi
Fresh surimi
The surimi market is divided into three categories based on type: frozen, chilled, and fresh. With a 70% market share, the frozen surimi category leads the surimi market and is projected to grow at a 7% CAGR over the forecast period. For consumers who want to freeze items for later use, frozen surimi is more handy since it has a longer shelf life than fresh and chilled surimi. Furthermore, frozen surimi is more easily accessible for customers and is more readily available than other varieties in many places. The quality and flavor of frozen surimi products have been preserved thanks to advancements in freezing and packaging technologies, which will support the surimi market’s growth in the upcoming years.
by Source
Tropical
Cold Water
Considering the source There are two segments in the surimi market: Tropical and Cold Water. The market was led by the tropical category in 2022, and this trend is expected to continue during the forecast period. Because it is less expensive than other seafood, this category draws customers who are searching for an affordable way to enjoy seafood. Furthermore, tropical surimi uses fish species that are common in tropical areas, making it a more sustainable option for seafood than traditional seafood. Consequently, the greater market share of this category is probably due in part to the overall quantity of tropical fish.
by Distribution Channel
B2B
B2C
Over half of the worldwide market was made up of the Business to Business (B2B) sector, which is predicted to continue dominating the market for the duration of the projection. This is due to the rising demand from the emerging market, the food processing industry, and the expanding popularity of surimi in the HoReCa sector. A wide range of businesses, including food processing, animal feed, and food services, employ surimi extensively. Sushi, seafood salads, soups, and other seafood-based foods are just a few of the many uses for the economical and adaptable surimi.
Conversely, it is anticipated that the B2C segment will expand throughout the projected time. Convenience stores, online, hypermarkets & supermarkets, and others make up B2C. The supermarket and hypermarket industry made up over 30% of the B2C market in 2022.
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Localised Perspectives on the Surimi Industry
Incorporating company profiles from various regions, the Surimi market analysis includes details on business strategies aand statistics. The dynamics and market size are explored at local, regional, and global levels, encompassing dominating regions with their analyses and market sizes, along with influencing factors such as growth rate, market size, and key regional players.
The Surimi Market’s Principal Players
1. Viciunai Group (Lithuania)
2. Trans-Ocean Products (USA)
3. Seaprimexco Vietnam (Vietnam)
4. Thong Siek Global (Thailand)
5. Gadre Marine (India)
6. Ocean More Foods Co., Ltd. (China)
7. APITOON (Thailand)
8. Luck Union Foods (Thailand)
9. Sugiyo Co., Ltd. (Japan)
10. Aquamar Inc. (Canada)
11. Fujimitsu Corporation (Japan)
12. SeaPak (USA)
Section Heading: Surimi Industry
Part 01: Executive Summary
Part 02: Scope of the Surimi Market Report
Part 03: Surimi Market Landscape
Part 04: Surimi Market Sizing
Part 05: Surimi Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Principal Products/Services:
- Historical Market Size and Competitive Landscape
- Past Pricing and price curves by region
- Industrial Manipulator Market Size, Share, and Forecast by different segments
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – In-depth analysis by Type, Application, and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Market Leaders, Market Followers, Regional players
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s Analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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