Exploring the Versatile Surimi Market: Seafood’s Adaptive Gem
In the vast expanse of the global seafood industry, the Surimi Market stands as a shining star, continually evolving and captivating the taste buds of consumers worldwide. Valued at USD 3.87 billion in 2022, this segment is expected to soar to USD 5.97 billion by 2029, boasting a robust 6.2% CAGR. Let’s dive into the depths of this fascinating market!
The Rise of Surimi: More Than Just Minced Fish
Surimi, composed of minced fish or molluscs, has carved a niche in various cuisines, serving as a versatile ingredient. What propels this growth? A convergence of factors—changing dietary trends, surging demand for seafood products, and the soaring popularity of processed seafood.
Anticipated Revenue Growth in Surimi Market:
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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Surimi Market Scope:
This research report conducts a thorough examination of key competitors, their market growth, and dynamic patterns. It offers valuable insights into regional and global market values and demands, facilitating a deep understanding of the competitive landscape and market potential concerning production, demand, and supply. The segmentation analysis covers crucial factors such as psychographic, demographic, geographic, and behavioral segmentation, which are instrumental in shaping marketing strategies, targeted products, offers, and customer experiences. The report also employs Porter’s analysis to assess an organization’s competitive strength and enhance profitability. Furthermore, Pestle analysis is conducted to validate existing products and services in the current context. The SWOT analysis provides a comprehensive evaluation of internal and external factors that influence a company’s advantages, disadvantages, strengths, and weaknesses. In conclusion, this report offers a comprehensive and informative overview of the Surimi Market.
Surimi Market Segmentation:
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 prefer to freeze products for later use, frozen surimi is more handy because it has a longer shelf life than fresh and chilled surimi.
by Source
Tropical
Cold Water
The tropical and cold water segments of the surimi market are determined by the source. 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 segment draws customers who are searching for an affordable way to enjoy seafood.
by Distribution Channel
B2B
B2C
The Surimi Market is divided into two segments based on the distribution channel: Business to Business (B2B) and Business to Customer (B2C).
Over half of the global market was made up of the Business to Business (B2B) sector, which is predicted to continue dominating the market for the duration of the forecast. This is due to the rising demand from the developing market, the food processing industry, and the expanding popularity of surimi in the HoReCa sector.
Table of Content: Surimi Market
Part 01: Executive Summary
Part 02: Scope of the Surimi Market Report
Part 03: Global Surimi Market Landscape
Part 04: Global Surimi Market Sizing
Part 05: Global Surimi Market Segmentation
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
Surimi Market Key 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)
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Regional Analysis:
The report offers formal, functional, and vernacular regional analyses, identifying the most impactful business areas based on high demand in various regions, including Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. This analysis provides valuable insights into distinct targets, strategies, and market values for each region.
Key Questions Addressed in the Surimi Market Report:
- What defines the Surimi Market?
- What is the forecast period for the Surimi Market?
- How does the competitive scenario look in the Surimi Market?
- Which region holds the largest market share in the Surimi Market?
- What opportunities are available in the Surimi Market?
- What factors influence the growth of the Surimi Market?
- Who are the key players in the Surimi Market?
- Which company holds the largest share in the Surimi Market?
- What will be the CAGR of the Surimi Market during the forecast period?
- What key trends are expected to emerge in the Surimi Market in the upcoming years?
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