The global #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%.

The surimi market is one of the fastest growing markets in the global seafood industry. Surimi is a type of seafood made from minced fish or molluscs, which is used as an ingredient in various dishes. The growth of the surimi market is driven by various factors such as changing dietary trends, growing demand for seafood products, and increasing popularity of processed seafood products.

Surimi is used as an ingredient in imitation seafood products, including crab sticks, shrimp, and lobster. It can be used as an alternative to high-priced seafood and is widely used in various cuisines around the world. Food companies typically use protease inhibitors in many surimi products to maintain gel stability. Due to its excellent gelling properties, fat emulsifying properties, and water binding properties, surimi is increasingly being chosen by restaurants as an ingredient in various seafood and meat products. Some of the end-user groups in the market are residential and commercial consumers. The major B2C channels in the surimi market are modern trade, online retailers and specialty shops.

The surimi market is one of the fastest growing markets in the global seafood industry. Surimi is a type of seafood made from minced fish or molluscs, which is used as an ingredient in various dishes. The growth of the surimi market is driven by various factors such as changing dietary trends, growing demand for seafood products, and increasing popularity of processed seafood products.

Surimi is used as an ingredient in imitation seafood products, including crab sticks, shrimp, and lobster. It can be used as an alternative to high-priced seafood and is widely used in various cuisines around the world. Food companies typically use protease inhibitors in many surimi products to maintain gel stability. Due to its excellent gelling properties, fat emulsifying properties, and water binding properties, surimi is increasingly being chosen by restaurants as an ingredient in various seafood and meat products. Some of the end-user groups in the market are residential and commercial consumers. The major B2C channels in the surimi market are modern trade, online retailers and specialty shops.

Market Drivers

1. Growing demand for seafood products

The surimi market is experiencing a surge due to the growing demand for seafood products. As people endeavour to find healthier and more convenient sources of protein. Coeliac is a versatile seafood product that provides a lean protein alternative to traditional seafood while also catering to dietary needs and allergies. Its versatility in a variety of cuisines, especially Asian, and its enhanced flavour and texture make it a popular choice. In addition, its growth is fuelled by sustainability, convenience and availability in emerging markets, reflecting the global demand for seafood alternatives.

2. Increasing popularity of processed seafood products

Due to increasing demand for processed seafood products, surimi products are gaining popularity due to their versatility and affordability. Due to its unique texture and flavour, surimi has become an important ingredient in processed seafood products such as imitation crab sticks, seafood salads and seafood sauces. Consumers are increasingly looking for seafood that is edible and convenient, and surimi products offer a balance between cost and convenience. The ability of surimi to replicate the flavour and texture of high-end seafood products makes it an attractive option for manufacturers and consumers, which is why it is driving market demand for further processed seafood products.

3. Changing dietary trends

Due to changing dietary trends, surimi products are in high demand. Health conscious consumers are looking for alternatives to high fat and calorie sources. People are becoming more aware of the need to reduce saturated fats and maintain a balanced diet. Surimi offers a tasty, guilt-free alternative to seafood and can be added to a variety of dishes. Its low fat, high protein content is perfect for people looking for healthier options. The versatility of surimi also makes it suitable for a variety of diet plans. For example, if on a gluten-free diet or following a low-carb diet, then surimi is a good option to add to the diet. Consumers are increasingly seeking healthier eating habits while craving tasty, convenient seafood options. As a result, surimi products are thriving in today's dietary landscape.