Surimi Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Oct-2020 | List of Tables : 70 | List of Figures : 153 | No. of Pages : 170 | Report Code : FACT5014MR |

Global Surimi Market Overview

The surimi market has shown consistent growth in recent years, and is expected to experience a similar growth trend during the forecast period of 2020 to 2030. In terms of supply, the market has shown stagnancy and slight fluctuations over the past decade. However, demand for surimi has been gradually increasing during the same period. This rift has led to increasing prices for raw materials as well as end-use products.

The global surimi market is expected to experience high growth in terms of value during the forecast period, while growth in volume is expected to be moderate. Investments by companies to increase penetration, increasing consumer expenditure on seafood, and government investments & regulations to increase sustainable catch are expected to drive the expansion of the surimi market size over the coming years.

Surimi Market Drivers

Use of surimi in imitation seafood products and value-added products has been increasing in the market space. Experimental snacking habits of consumers and introduction of exotic tastes by manufactures have been driving demand for surimi. Surimi has also gained popular demand due to healthy lifestyles being followed by a large consumer base. Usage in salads and assorted snacks is expected to create traction as far as demand for surimi is concerned.

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Regional Outlook of Surimi Market

Originating from Japan, surimi has found demand from multiple regions around the globe. In terms of consumption, East Asia currently accounts for the highest surimi market share, and is expected to experience moderate growth in comparison with other regions. South Asia & Oceania is expected to be the fastest growing surimi market, portraying a CAGR of more than 6% through 2030. Multiple reforms and regulations for sustainable catch are expected to aid growth over the short-term forecast period.

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Surimi Market: Competitive Analysis

In terms of players operating in the surimi market, this space has seen multiple changes in recent years. Players operating in the market are expected to experience fluctuations due to inorganic strategies deployed by them and new as well as emerging players entering the market.

  • For example, Norwegian group Pescamar Holding is one of the new entrants in the surimi market, with its acquisition of Argentinean Hoki Fishing and surimi processing company San Arawa in May 2019.
  • In 2019, Vardin, one of the suppliers of pelagic fish, announced plans to rebuild its processing facility with the implementation of a surimi processing line. This processing line is expected to be operational in 2020.

Owing to such investments and new entrants in this space, the surimi market is expected to experience prominent growth over the forecast period.

COVID-19 Impact on Surimi Market

The COVID-19 crisis has had a low impact on the global surimi market, with lower trade volumes as a result of the imposition of regulations. While fluctuations of prices and low trade in quarter two of 2020 were observed, the market showed swift recovery during quarter three. The impact of the pandemic in the earlier stages was high in Europe and Asian countries, while the impact on the North America market was low.

Increase in household purchases of surimi and surimi products was observed as a result of stockpiling by consumers. Increase in demand subsided after the initial stage of the coronavirus pandemic.

The Analyst’s Viewpoint:

“With increasing trade, seasonal catch, and need for long shelf life of products, investments in frozen surimi are expected to benefit manufacturers in the long term.”

Surimi Market: Scope of the Report

The surimi market report by Fact.MR offers forecast representation from 2020 to 2030. The report elaborates on key drivers, restraints, opportunities, and threats influencing the expansion of the surimi market. A detailed segmental analysis based on by source, packaging, end use, sales channel, and region has been provided in the report. The report also covers a chapter on the COVID-19 impact analysis to arm stakeholders with necessary information.

Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the surimi market. In addition, a section providing detailed analysis on key market players and strategies has been added. 

Surimi Market – Report Scope

A recent study by Fact.MR on the surimi market offers a 10-year forecast for 2020-2030. The study analyzes crucial trends that are currently determining the growth of the surimi market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of surimi. The study also provides the dynamics that are expected to influence the future status of the surimi market over the forecast period.

A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the surimi market enhances the reliability of this comprehensive research study.

Surimi Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the surimi market across the globe.

A comprehensive estimate on the surimi market has also been considered through an optimistic scenario as well as a conservative scenario regarding the sales of surimi during the forecast period. Price point comparison by region with global average price is also considered in the study.

Surimi Market: Segmentation

Fact.MR has studied the surimi market with detailed segmentation on the basis of source, packaging, end use, distribution channel, and region.

Source

  •  Alaska Pollock
  •  Itoyori
  • Pacific Whiting
  • Silver Carp
  • Others

 

Packaging

  • Chilled or Fresh
  • Frozen

End Use

  • Households
  • Hotels, Restaurants and Catering (HoReCa)
  • Food Processing
  • Others

 Distribution Channel

  • Direct Sales
  • Retail Sales
  • Supermarkets and Hypermarkets
  • Online Retail
  •  Wet Markets and others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and  Oceania
  • MEA

Surimi Market: Analysis on Market Size Evaluation

The study provides each market segment in terms of value (US$ Mn) analysis in the surimi market.

Market estimates at global and regional levels for surimi are available in terms of “US$ Mn” for value and “Mn Units” in terms of volume. A Y-o-Y growth contrast on prominent surimi market segments, along with market attractiveness evaluation has been incorporated in the report. Another key feature of the surimi market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives in the surimi market.

Surimi Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which help deliver projections on regional markets. This chapter include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the surimi market during the forecast period.

Country-specific valuations on demand for surimi have been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of prominence in regions and countries. Regional market Y-o-Y growth estimates have also incorporated in the report.

Detail breakup in terms of value for emerging countries has also been included in the report.

Surimi Market: In-depth Analysis on Competitive Landscape 

The report sheds light on leading manufacturers in the surimi market, along with their detailed profiles. Essential and up-to-date data related to market players who are principally engaged in the production of surimi has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which include essentials such as product portfolios, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all prominent players, thus, providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the surimi market. Prominent companies operating in the global surimi market include Viciunai Group, Russian Fishery Company, Trans-Ocean Products, Seaprimexco Vietnam, Thong Siek Global (TSG), Gadre Marine, Ocean More Foods Co., Limited, A B Golden Seafood, and Pescamar, among others.

Global Surimi Market: Table of Contents

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Summary of Key Findings

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy 

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment 

    3.1. Risk Assessment 

        3.1.1. COVID-19 Crisis and Impact on Surimi Demand

        3.1.2. Impact on Market Value (US$ Mn)

            3.1.2.1. Likely Loss of Value in 2020

            3.1.2.2. Mid-term and Long Term Forecast

            3.1.2.3. Quarter by Quarter Demand and Recovery Assessment 

        3.1.3. Anticipated Demand and Value Recovery Curve

            3.1.3.1. Likelihood of U-Shape Recovery

            3.1.3.2. Likelihood of L-Shape Recovery

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points 

    4.1. Global Base Surimi Production Outlook

    4.2. Global Surimi Market: Key Takeaways

    4.3. Porter’s Five Forces Analysis

    4.4. Value Chain Analysis

        4.4.1. List of Key Manufacturers

        4.4.2. List of Channel Partners

        4.4.3. Operating Margins 

        4.4.4. Notes on Value Added at Each Node in the Value Chain

    4.5. Surimi Market - Forecast Factors

5. Global Surimi Market Pricing Analysis 

    5.1. Surimi Price Analysis

        5.1.1. By Region

        5.1.2. By Source

6. Global Surimi Market Analysis 2015-2019 and Forecast 2020-2030, By Source 

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By Source, 2015-2019

    6.3. Current and Future Market Size (US$ Mn) & Volume (Kilo Tons) Analysis and Forecast By Source, 2020 - 2030

        6.3.1. Alaska Pollock 

        6.3.2.  Itoyori 

        6.3.3.  Pacific Whiting 

        6.3.4.  Silver Carp 

        6.3.5.  Others

    6.4. Market Attractiveness Analysis By Source

7. Global Surimi Market Analysis 2015-2019 and Forecast 2020-2030, By Packaging

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By Packaging, 2015-2019

    7.3. Current and Future Market Size (US$ Mn) & Volume (Kilo Tons) Analysis and Forecast By Packaging, 2020 - 2030

        7.3.1. Chilled or Fresh

        7.3.2.  Frozen 

    7.4. Market Attractiveness Analysis By Packaging

8. Global Surimi Market Analysis 2015-2019 and Forecast 2020-2030, By End Use

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By End Use, 2015-2019

    8.3. Current and Future Market Size (US$ Mn) & Volume (Kilo Tons) Analysis and Forecast By End Use, 2020 - 2030

        8.3.1. Household 

        8.3.2.  Hotels, Restaurants and Catering (HoReCa) 

        8.3.3.  Food Processing 

        8.3.4.  Others 

    8.4. Market Attractiveness Analysis By End Use

9. Global Surimi Market Analysis 2015-2019 and Forecast 2020-2030, By Distribution Channel

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By Sales Channel, 2015-2019

    9.3. Current and Future Market Size (US$ Mn) & Volume (Kilo Tons) Analysis and Forecast By Sales Channel, 2020 - 2030

        9.3.1. Direct Sales 

        9.3.2.  Retail Sales 

            9.3.2.1.  Supermarkets and Hypermarkets 

            9.3.2.2.  Online Retail 

            9.3.2.3.  Wetmarket and others 

    9.4. Market Attractiveness Analysis By Sales Channel

10. Global Surimi Market Analysis 2015-2019 and Forecast 2020-2030, by Region

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) & Volume (Kilo Tons) Analysis By Region, 2015-2019

    10.3. Current Market Size (US$ Mn) & Volume (Kilo Tons) Analysis and Forecast By Region, 2020 - 2030

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia 

        10.3.5. South Asia & Oceania 

        10.3.6. Middle East and Africa (MEA)

    10.4. Market Attractiveness Analysis By Region

11. North America Surimi Market Analysis 2015-2019 and Forecast 2020-2030

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    11.3. Market Size (US$ Mn) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2020 - 2030

        11.3.1.  By Country

            11.3.1.1. U.S.

            11.3.1.2. Canada

        11.3.2. By Source

        11.3.3. By Packaging

        11.3.4. By End Use

        11.3.5. By Distribution Channel

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Source

        11.4.3. By Packaging

        11.4.4. By End Use

        11.4.5. By Distribution Channel

12. Latin America Surimi Market Analysis 2015-2019 and Forecast 2020-2030

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    12.3. Market Size (US$ Mn) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2020 - 2030

        12.3.1.  By Country

            12.3.1.1. Brazil

            12.3.1.2. Mexico

            12.3.1.3. Rest of Latin America

        12.3.2. By Source

        12.3.3. By Packaging

        12.3.4. By End Use

        12.3.5. By Distribution Channel

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Source

        12.4.3. By Packaging

        12.4.4. By End Use

        12.4.5. By Distribution Channel

13. Europe Surimi Market Analysis 2015-2019 and Forecast 2020-2030

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    13.3. Market Size (US$ Mn) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2020 - 2030

        13.3.1.  By Country

            13.3.1.1. France

            13.3.1.2. Italy

            13.3.1.3. Spain

            13.3.1.4. U.K.

            13.3.1.5. Germany

            13.3.1.6. Rest of Europe

        13.3.2. By Source

        13.3.3. By Packaging

        13.3.4. By End Use

        13.3.5. By Distribution Channel

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Source

        13.4.3. By Packaging

        13.4.4. By End Use

        13.4.5. By Distribution Channel

14. East Asia Surimi Market Analysis 2015-2019 and Forecast 2020-2030

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    14.3. Market Size (US$ Mn) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2020 - 2030

        14.3.1. By Country

            14.3.1.1. China

            14.3.1.2. Japan

            14.3.1.3. South Korea

        14.3.2. By Source

        14.3.3. By Packaging

        14.3.4. By End Use

        14.3.5. By Distribution Channel

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Source

        14.4.3. By Packaging

        14.4.4. By End Use

        14.4.5. By Distribution Channel

15. South Asia Surimi Market Analysis 2015-2019 and Forecast 2020-2030

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    15.3. Market Size (US$ Mn) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2020 - 2030

        15.3.1.  By Country

            15.3.1.1. Vietnam

            15.3.1.2. Thailand

            15.3.1.3. Malaysia

            15.3.1.4. Rest of South Asia

        15.3.2. By Source

        15.3.3. By Packaging

        15.3.4. By End Use

        15.3.5. By Distribution Channel

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Source

        15.4.3. By Packaging

        15.4.4. By End Use

        15.4.5. By Distribution Channel

16. Middle East and Africa Surimi Market Analysis 2015-2019 and Forecast 2020-2030

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019

    16.3. Market Size (US$ Mn) & Volume (Kilo Tons) Forecast By Market Taxonomy, 2020 - 2030

        16.3.1.  By Country

            16.3.1.1. GCC Countries

            16.3.1.2. South Africa

            16.3.1.3. Rest of Middle East and Africa

        16.3.2. By Source

        16.3.3. By Packaging

        16.3.4. By End Use

        16.3.5. By Distribution Channel

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Source

        16.4.3. By Packaging

        16.4.4. By End Use

        16.4.5. By Distribution Channel

17. Key Countries Surimi Market Analysis 2015-2019 and Forecast 2020-2030

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies 

    18.2. Market Concentration

    18.3. Market Share Analysis of Top Players

    18.4. Competition Dashboard

19. Competition Analysis

    19.1. Viciunai Group

        19.1.1. Overview

        19.1.2. Product Portfolio

        19.1.3. Sales Footprint

        19.1.4. Strategy Overview

    19.2. Russian Fishery Company

        19.2.1. Overview

        19.2.2. Product Portfolio

        19.2.3. Sales Footprint

        19.2.4. Strategy Overview

    19.3. Trans-Ocean Products

        19.3.1. Overview

        19.3.2. Product Portfolio

        19.3.3. Sales Footprint

        19.3.4. Strategy Overview

    19.4. Seaprimexco Vietnam

        19.4.1. Overview

        19.4.2. Product Portfolio

        19.4.3. Sales Footprint

        19.4.4. Strategy Overview

    19.5. Thong Siek Global (TSG)

        19.5.1. Overview

        19.5.2. Product Portfolio

        19.5.3. Sales Footprint

        19.5.4. Strategy Overview

    19.6. Gadre Marine

        19.6.1. Overview

        19.6.2. Product Portfolio

        19.6.3. Sales Footprint

        19.6.4. Strategy Overview

    19.7. Ocean More Foods Co., Limited

        19.7.1. Overview

        19.7.2. Product Portfolio

        19.7.3. Sales Footprint

        19.7.4. Strategy Overview

    19.8. A B Golden Seafood

        19.8.1. Overview

        19.8.2. Product Portfolio

        19.8.3. Sales Footprint

        19.8.4. Strategy Overview

    19.9. Pescamar

        19.9.1. Overview

        19.9.2. Product Portfolio

        19.9.3. Sales Footprint

        19.9.4. Strategy Overview

    19.10. Seven Star Ocean Fisheries

        19.10.1. Overview

        19.10.2. Product Portfolio

        19.10.3. Sales Footprint

        19.10.4. Strategy Overview

    19.11. Kan Victual Pvt. Ltd.

        19.11.1. Overview

        19.11.2. Product Portfolio

        19.11.3. Sales Footprint

        19.11.4. Strategy Overview

    19.12.  Godaco Seafood

        19.12.1. Overview

        19.12.2. Product Portfolio

        19.12.3. Sales Footprint

        19.12.4. Strategy Overview

    19.13. Hubei Liangzi Xinglong Import & Export Trade Co., Ltd

        19.13.1. Overview

        19.13.2. Product Portfolio

        19.13.3. Sales Footprint

        19.13.4. Strategy Overview

    19.14. Chinese SF Seafood Group

        19.14.1. Overview

        19.14.2. Product Portfolio

        19.14.3. Sales Footprint

        19.14.4. Strategy Overview

    19.15. Nigiri Ltd

        19.15.1. Overview

        19.15.2. Product Portfolio

        19.15.3. Sales Footprint

        19.15.4. Strategy Overview

    19.16. Kingsun Foods Co., Ltd.

        19.16.1. Overview

        19.16.2. Product Portfolio

        19.16.3. Sales Footprint

        19.16.4. Strategy Overview

20. Appendix

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Surimi Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030