Experts predict annual growth of the global surimi market at 6%

The global surimi market is on a trajectory of significant growth, with projections indicating an increase from US$3.6 billion in 2023 to as much as $11 billion by 2033, according to various market research firms. This surge is driven by the rising demand for seafood, the affordability of surimi as a seafood alternative, its versatility in food products, and the growing trend towards healthy, protein-rich diets. Surimi's appeal lies in its low-fat, high-protein content, making it a sought-after non-meat protein source in the food industry. Furthermore, its applications extend beyond food, finding uses in cosmetology, pharmaceuticals, and more, thanks to the production of surimi and its by-products like fish gelatin. The expansion of modern distribution channels, including online retail and specialty stores, alongside significant production increases in regions like Russia, facilitated by new processing facilities and the resumption of operations by major companies, are key factors propelling the market's growth.