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Surimi By-Products Market Are Estimated To Grow At Health CAGR Of 7.5% During 2033

08-11-2023 05:17 AM CET | Industry, Real Estate & Construction

Press release from: factmr

The worldwide surimi by-product market is expected to be valued US$ 1,200.0 million by 2023 and US$ 2,478.0 million by 2033, representing a 7.5% CAGR over the assessment period 2023-2033.

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Surimi by-products are by-products or leftover materials from the manufacturing of surimi, a popular seafood delicacy made from fish flesh. Surimi is often produced by washing, grinding, and refining fish flesh into a paste-like consistency.Surimi has a high concentration of omega-3 fatty acids. It aids in the reduction of inflammation and the improvement of weight, and it is currently employed in the production of a variety of dishes.

Because of its high protein content, it is often utilized in animal feed as a low-cost replacement for soybeans or fish meals. By incorporating surimi by-products into animal feed, the industry may reduce waste, enhance resource efficiency, and promote sustainable seafood processing processes.

Which source kind is the most sought-after in the market?

Market demand for fish surimi as a source remains high.

Demand for surimi fish sources is predicted to be strong over the assessment period, depending on the source type. According to Fact.MR, the surimi fish source category is expected to be valued at US$ 1,660.26 million in 2033, with a market share of around 67%.As the principal source of surimi by-products, fish surimi is critical. Surimi is a versatile component created by pulverizing white-fleshed fish flesh into a paste-like consistency.
Surimi is a high-protein foodstuff with a moderate flavor and gel-forming qualities that may be used as a basis in a variety of surimi-based dishes.

Key Players:
• Aquamar Inc.
• Trident Seafoods
• Pacific Seafood Group
• SeaPak
• Glacier Fish Company
• Boston Salads & Prepared Foods
• Arctic Storm Management Group
• OceanFood Sales Ltd.
• Maruha Nichiro Group
• American Seafoods Group
• Nippon Suisan Kaisha, Ltd.
• Aquastar
• Pacific Seafood Group

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Regional Analysis:

By 2033, the Japan stock cubes market is estimated to be worth roughly US$ 302.32 million. As a result, it will have a significant value share of 12.2% in the East Asian market.Surimi by-products are a sustainable way to use fish processing waste. Recycling surimi by-products can lessen environmental impact while also promoting a circular economy approach. Surimi by-products from Japan are well-known for their high quality and nutritional content.

The country has a long history of surimi-based goods and a thriving surimi industry. Japan has developed superior surimi processing procedures and quality standards, assuring the production of high-quality surimi and by-products.

During the assessment period, the surimi by-products industry in the United States is expected to grow at a CAGR of 4.9%. The market in the United States is estimated to reach US$ 651.71 million by 2033.

Surimi by-products are becoming increasingly popular in the United States as a flexible and affordable seafood component. Surimi, a paste made from deboned and minced fish, primarily white fish like pollock, is processed into a range of items including surimi sticks, crab sticks, and seafood extenders. Surimi-based products have grown in popularity in a variety of culinary applications, such as sushi, seafood salads, fish cakes, and other seafood-based dishes.

Key Segments of Industry:

• By Source :
o Fish Surimi
o Meat Surimi
• By End Use :
o Food Industry
o Pharmaceutical Industry
o Animal Feed
o Pet Food
o Food Service
o Retail

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