Industry Background:
Surimi is the minced paste made from different types of fish like mackerel, Alaska pollock, threadfin bream, bigeye snapper, sardine, and croaker, etc. combined with sugar, sorbitol, and sweetener. Surimi products are made with this paste in various kinds of freshly cooked or processed food items. It helps in enhancing the texture, flavors, and taste of the products and is considered an inexpensive source of protein.This growth is primarily driven by Growing Demand for Nonmeat Protein and Comminuted Products in the Food Industry
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Ocean Food Company Ltd (Canada), Thong Siek Global (Singapore), Apitoon Group (Thailand), Aquamar, Inc. (United States), Viciunai Group (Lithuania), Russian Fishery Company (Russia), Seaprimexco Vietnam (Vietnam), Trans-Ocean Products (United States) and Gadre Marine (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Increasing Utilization of the Surimi Products in Processed Food Items. The Food Products sector in the Japan region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ocean Food Company Ltd (Canada), Thong Siek Global (Singapore), Apitoon Group (Thailand), Aquamar, Inc. (United States), Viciunai Group (Lithuania), Russian Fishery Company (Russia), Seaprimexco Vietnam (Vietnam), Trans-Ocean Products (United States) and Gadre Marine (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 21st July 2021, Russian food company KVEN has completed trials of Russian Fishery Company's (RFC) surimi produced on its new factory vessel, Vladimir Limanov. The production of surimi was possible thanks to the completion of one of its new modern supertrawler – the Vladimir Limanov – in December 2020. Since that time, KVEN has used RFC surimi to produce products like imitation crab meat, crabsticks, and other products.
On 25th November 2020, Trans-Ocean Products Inc. was recognized with MSC US Ocean Champion Award. The company has demonstrated a continued dedication to seafood sustainability, “going above and beyond the MSC standard to make MSC certified products available to consumers,” the certification organization said in a press release.
Market Drivers
- Growing Demand for Nonmeat Protein and Comminuted Products in the Food Industry
- Need for Various Healthy and Nutritious Content in Surimi
Market Trend
- Increasing Utilization of the Surimi Products in Processed Food Items
Restraints
- Stringent Regulatory Guidelines on the Production and Distribution of Surimi Products
Opportunities
Surging Demand for Surimi Products from Asian Countries and Availability of Premium Quality Surimi Products
Challenges
Allergy-Related Risk with Surimi Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Surimi Products Study Sheds Light on
The Surimi Products Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Surimi Products industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Surimi Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.