Surimi Market Size, Share, Growth Analysis, By Source(Tropical, and Cold Water), By Form(Frozen, and Fresh), By Region - Industry Forecast 2024-2031

Surimi Market size was valued at USD 3.56 billion in 2021 and is poised to grow from USD 3.78 billion in 2022 to USD 6.07 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).

The surimi market is a dynamic and thriving segment of the global seafood industry. Surimi, a seafood product made from minced fish or shellfish, is widely used as a versatile ingredient in various cuisines. The market's growth is propelled by factors such as changing dietary preferences, increasing demand for convenience foods, and the rising popularity of healthy and protein-rich diets.

Surimi finds extensive application in the production of imitation seafood products like crab sticks, fish cakes, and seafood salads. Its ability to mimic the texture and taste of real seafood makes it a popular choice among consumers seeking cost-effective and sustainable alternatives to traditional seafood.

The market is segmented based on types of surimi, including fish-based and crab-based surimi. Fish-based surimi accounts for the majority of the market share due to its widespread usage in a diverse range of products. Geographically, Asia-Pacific dominates the surimi market, owing to the traditional consumption of surimi-based products in countries like Japan, South Korea, and China.

With growing awareness about the health benefits of consuming seafood, coupled with the expansion of the food processing industry, the surimi market is projected to continue its upward trajectory. Manufacturers are focusing on innovations in processing techniques, flavor enhancement, and product diversification to cater to changing consumer demands and preferences. The surimi market's resilience and adaptability to evolving consumer trends make it an intriguing segment within the broader food industry landscape.

US Surimi Market is poised to grow at a sustainable CAGR for the next forecast year.