Report Overview
Surimi sticks, also known as imitation crab sticks, are a popular seafood product made from white fish meat that has been processed to mimic the taste and texture of crab meat. These sticks are widely used in various dishes such as sushi, salads, and seafood cocktails. The market for surimi sticks is characterized by its affordability, versatility, and convenience, making it a preferred choice for consumers looking for a cost-effective seafood option.
As of 2023, the global market size for surimi sticks is estimated at approximately USD 450 million. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.5% from 2024 to 2032. This growth can be attributed to several key factors driving the market forward.
One of the primary growth drivers for the surimi sticks market is the increasing demand for convenient and ready-to-eat seafood products. Surimi sticks offer a convenient alternative to fresh seafood, especially in regions where access to high-quality seafood is limited or where consumers seek quick meal solutions. Additionally, the rising popularity of Asian cuisine worldwide has contributed to the growing demand for surimi sticks as a key ingredient in various dishes.
Another significant factor fueling market growth is the expanding consumer base seeking healthier food options. Surimi sticks are perceived as a healthier alternative to processed meats due to their lower fat content and higher protein levels. As health-conscious consumers continue to prioritize nutritious food choices, the demand for surimi sticks is expected to rise.
In terms of market trends, one notable trend is the increasing focus on product innovation and diversification. Manufacturers are introducing new flavors, packaging formats, and value-added products to cater to evolving consumer preferences. For example, surimi sticks infused with herbs and spices or packaged in convenient snack-sized portions are gaining popularity among consumers seeking unique seafood experiences.
Furthermore, sustainability and responsible sourcing practices are becoming key trends in the surimi sticks market. Consumers are increasingly concerned about the environmental impact of seafood production and are favoring products that are sourced sustainably. Companies that prioritize sustainable fishing practices and transparent supply chains are likely to gain a competitive edge in the market.
When analyzing regional market distribution, Asia Pacific emerges as a leading market for surimi sticks, driven by the strong culinary tradition of seafood consumption in countries like Japan, South Korea, and China. These countries also benefit from a well-established seafood processing industry, contributing to the dominance of the region in the surimi sticks market. In North America and Europe, the market for surimi sticks is growing steadily due to the increasing popularity of Asian cuisine and the rising demand for convenient seafood options.
Despite the positive growth prospects, the surimi sticks market faces challenges such as fluctuating raw material prices, regulatory constraints related to seafood processing, and competition from alternative plant-based seafood products. To navigate these challenges successfully, companies in the surimi sticks market should focus on product innovation, sustainability initiatives, and strategic partnerships to maintain a competitive edge and capitalize on emerging opportunities in the seafood industry.
This report provides a deep insight into the global Surimi Sticks market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Surimi Sticks Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Surimi Sticks market in any manner.
Global Surimi Sticks Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Viciunai Group
Trans-Ocean Products
Seaprimexco Vietnam
Thong Siek Global
Gadre Marine
Ocean More Foods Co.
Ltd.
Trident Seafoods
Kibun
APITOON
Luck Union Foods
Sugiyo
Aquamar
Fujimitsu
Shining Ocean
Fleury Michon
Coraya (Alliance Ocean)
Saint Malo
Nueva Pescanova
Angulas Aguinaga
Haixin
Anjoyfood
Huifafood
Haibawang
Longsheng
Market Segmentation (by Type)
Frozen
Chilled/Fresh
Market Segmentation (by Application)
Households
HoReCa
Others
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Surimi Sticks Market
• Overview of the regional outlook of the Surimi Sticks Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Surimi Sticks Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.