Frozen Raw Surimi Market
Frozen Raw Surimi Market
The market for Frozen Raw Surimi was estimated at $3.45 billion in 2024; it is anticipated to increase to $4.7 billion by 2030, with projections indicating growth to around $6.2 billion by 2035.
Global Frozen Raw Surimi Market Outlook
Revenue, 2024 (US$B)
$3.5B
Forecast, 2034 (US$B)
$5.8B
CAGR, 2024 - 2034
5.4%
Market Key Insights
- The Frozen Raw Surimi market is projected to grow from $3.5 billion in 2024 to $5.8 billion in 2034. This represents a CAGR of 5.4%, reflecting rising demand across Preparation of Traditional Dishes, Implementation in Ready-to-Eat Meals and Use in Processed Foods.
- Maruha Nichiro Corporation, Nippon Suisan Kaisha Ltd., Thai Union Group PCL lead the market as major players who determine its competitive dynamics.
- Japan and U.S. are the top markets within the Frozen Raw Surimi market and are expected to observe the growth CAGR of 3.5% to 5.2% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 6.2% to 7.5%.
- The Frozen Raw Surimi market will experience a $300.0 million increase in growth through 2030 because of the transition toward sustainable production methods.
- The Frozen Raw Surimi market is set to add $2.4 billion between 2024 and 2034, with industry players targeting Children & Elderly Consumer Demographics projected to gain a larger market share.
- With Growing demand for convenient seafood options, and Advancements in freezing technologies, Frozen Raw Surimi market to expand 69% between 2024 and 2034.
Opportunities in the Frozen Raw Surimi
Frozen Raw Surimi presents a range of possibilities for innovation with opportunities to explore new flavors and textures in Surimi based products like gourmet sushi or bakery items filled with Surimi paste to cater to consumers looking for something unique and diverse, in the market.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Growing Demand for Convenient Seafood Options, and Rise in Health-conscious Population
Restraint: Quality Concerns due to Freezing Process
Opportunity: Health-Oriented Surimi Products and Expansion into Vegetarian and Vegan Markets
Challenge: Stringent Food Safety Regulations
Supply Chain Landscape
Fishing & Aquaculture
Shimizu Corporation
Nissui
Maruha Nichiro Corporation
Raw Material Processing
PT Surimi Nusantara Jaya
Sea Snow Corporation
Pacific Surimi Co Ltd
Surimi Manufacturing
Aeon Big
OSU Co. Ltd
DONGWON F&B Co Ltd
Distribution & Retail
Sysco Corporation
US Foods
Walmart
Fishing & Aquaculture
Shimizu Corporation
Nissui
Maruha Nichiro Corporation
Raw Material Processing
PT Surimi Nusantara Jaya
Sea Snow Corporation
Pacific Surimi Co Ltd
Surimi Manufacturing
Aeon Big
OSU Co. Ltd
DONGWON F&B Co Ltd
Distribution & Retail
Sysco Corporation
US Foods
Walmart