Surimi Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global surimi market size reached around USD 6.57 Billion in 2024. The market is projected to grow at a CAGR of 5.90% between 2025 and 2034 to reach nearly USD 11.66 Billion by 2034.

Global Surimi Market Growth

Vietnam stands as a significant producer of surimi, attributed to its abundant marine resources and sophisticated seafood processing sector. The nation's plentiful fish supply, coupled with investments in state-of-the-art processing facilities, positions it as a vital supplier in global markets, exporting premium surimi products to regions such as Asia, Europe, and North America. Currently, Vietnam boasts over 100 companies involved in the export of fish paste and surimi, with DALU SURIMI, CASES, and KICOIMEX recognised among the top three. The surimi products from Vietnam reach more than 40 countries worldwide. Since 2018, the country's surimi exports, which include marine fish and tra fish, have increased to an annual value of USD 300-420 million per year, representing 4-5% of the total seafood exports. Additionally, Vietnam produces between 530,300 and 540,000 tonnes of fishmeal each year, derived from marine fish and pangasius by-products, with 200,000-280,000 tonnes exported annually, generating USD 200 million in revenue.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), surimi and fishmeal exports could potentially reach USD 1 billion annually in the near future. The country houses nearly 50 companies producing and exporting fishmeal. The six largest import markets for Vietnam's fish paste and surimi include Korea, Thailand, Japan, China, Hong Kong, Malaysia, and the United States, which collectively account for nearly 83% of the total export revenue. Surimi is utilised in various culinary applications, most notably as imitation seafood products such as crab sticks, shrimp, and lobster. Its versatility, mild flavour, and cost-effectiveness make it a popular choice in sushi, salads, and seafood dishes. Furthermore, surimi is recognised as a low-fat, high-protein ingredient, appealing to health-conscious consumers and enhancing numerous ready-to-eat products.

Key Trends and Developments

The surimi market growth can be attributed to rising demand for convenient and ready-to-eat foods, increased awareness regarding the health and nutritional benefits of surimi, the expansion of the aquaculture sector, and rising demand for versatile food ingredients

November 2024

Ichimasa Kamaboko, a manufacturer of Japanese surimi products, decided to transform its equity affiliate, PT. KML ICHIMASA FOODS, located in Indonesia, into a consolidated subsidiary as part of its strategy for global expansion.

July 2024

Ichimasa Kamaboko Co., the second-largest producer of finished surimi in Japan by revenue, introduced a simulated spicy marinated pollock roe product aimed at the foodservice sector.

December 2022

Mondi, a prominent global entity in sustainable packaging and paper, assisted Angulas Aguinaga® in transitioning to recyclable paper-based packaging for its Krissia® brand chilled surimi sticks, significantly decreasing the usage of plastic.

Rising Use of Surimi a Versatile Food Ingredient

Surimi's culinary versatility allows it to be incorporated into a wide range of dishes, including sushi and salads, which contributes to its popularity across various cuisines. This adaptability meets the growing global demand for a variety of seafood-inspired culinary choices.

Rising Demand for Convenient and Ready-to-Eat Foods

Surimi-based items, such as imitation crab sticks, are designed for individuals with hectic schedules, providing swift and effortless meal options. This aspect of convenience enhances its appeal, making surimi a favoured selection among consumers with limited time globally.

Increasing Awareness Regarding the Health and Nutritional Benefits of Surimi

Surimi is rich in protein and low in fat, attracting health-oriented consumers in search of nutritious seafood substitutes. This emphasis on being a healthy protein option propels its demand in various international markets.

Rising Growth of the Aquaculture Sector

The growth of the aquaculture sector has augmented the availability of fish for surimi manufacturing, guaranteeing a consistent supply of raw materials and fostering market expansion as fish-based products become increasingly accessible.

Surimi an Economical Food Choice

Surimi serves as an economical substitute for high-end seafood, appealing to consumers who desire affordable yet flavorful choices, thereby broadening its market appeal across diverse economic groups.

Global Surimi Market Trends

The market is experiencing notable expansion, influenced by various factors, including rising demand for convenience, increasing health awareness, and surging demand for seafood. There is a growing consumer preference for ready-to-eat and easily prepared meals, which has made surimi an attractive option for those seeking quick seafood alternatives. Additionally, health-conscious individuals are drawn to surimi for its low-fat and high-protein attributes. The growth of aquaculture has established reliable supply chains, enhancing the accessibility and affordability of fish-based products. Furthermore, surimi's adaptability across various culinary traditions, including both Japanese and Western cuisines, broadens its global appeal. Innovations in food processing and product development, such as the introduction of new flavours and packaging solutions, also contribute to the market's growth. Collectively, these elements position surimi as a favoured protein source, resonating with contemporary consumer demands for nutritious and convenient food options.

Global Surimi Industry Segmentation

The report titled “Global Surimi Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Source

• Alaska Pollock
• Pacific Whiting
• Silver Carp
• Others

Breakup by Packaging

• Chilled or fresh
• Frozen

Breakup by Distribution Channel

• Direct Sales
• Retail Sales
• Supermarkets and Hypermarkets
• Online
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Surimi Market Share

Based on the distribution channel, the market is segmented into direct sales, retail sales, supermarkets and hypermarkets, and online, among others. The retail sales segment is projected to grow at a CAGR of 8.1% during the forecast period of 2025-2034. The increasing popularity of surimi in retail sales can be attributed to its cost-effectiveness, adaptability, and the expanding consumer inclination towards nutritious, protein-dense options.

Leading Companies in the Global Surimi Market

Major players are focusing on sustainable production practices to gain a competitive edge in the market.

Gadre Marine Asia Private Limited

Founded in 1994, Gadre Marine Asia Private Limited is headquartered in Ratnagiri, Maharashtra, India. The firm is dedicated to the processing and export of seafood products, such as surimi and other value-added offerings, catering to a global clientele.

Seaprimexco Vietnam

Established in 1976, Seaprimexco Vietnam is headquartered in Ca Mau City, Vietnam. The organisation specialises in the processing and exportation of seafood, with a particular emphasis on shrimp and fish, serving international markets.

Viciunai Group

Founded in 1991, Viciunai Group is headquartered in Plunge, Lithuania. This company is a prominent manufacturer of surimi and various seafood products, distributing its goods to more than various countries around the globe.

Aquamar, Inc.

Aquamar, Inc. is headquartered in California, United States. The company focuses on the production of surimi seafood products, including imitation crab meat.

Other major players in the surimi market are APITOON GROUP, Starfish Co., Ltd., LF Food, PT. Indo Sea Food, Ocean Food Company Limited, and Zhejiang Longsheng Aquatic Products Co.,Ltd., among others.