Japan Surimi Market Value - By Species (Alaska Pollock, Pacific Whitening, Silver Crap), By Distribution Channel (Direct Sales, Indirect Sales), By Application (Food Industry, Pharmaceutical Industry, Animal Feed), By Industry Analysis, Size, Share & Forecast, 2023 – 2032

MVI Statistics and Viewpoints:

• Japan Surimi Market size valued at USD 361.7 Million in 2022.
• The market size is expected to record at a CAGR of over 6.8% from 2023 to 2032. 
• By the end of the forecast period, the market is slated to surpass USD 688.4 Million.

Surimi producers are diligently focusing on several factors to enhance their products and meet consumer demands. These factors include utilizing high-quality raw materials sourced from sustainable fisheries, implementing advanced processing techniques to ensure optimal texture and flavor, and continuously innovating to introduce new and exciting surimi-based product variations. Additionally, surimi producers are also prioritizing stringent quality control measures to guarantee product safety and consistency, further bolstering consumer confidence in their offerings.

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Market Overview:

Surimi, a popular seafood product, is based on the premise of transforming fish meat into a versatile ingredient with numerous applications. This novel idea entails carefully selecting and processing fish to produce a paste-like substance that can mimic the texture and flavor of various seafood, such as crab or shrimp. Surimi opens up a world of culinary possibilities by utilizing this concept, allowing chefs and food manufacturers to create delicious and affordable seafood-inspired dishes for a wider consumer base.

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Growth Drivers:

• Increasing Imports of Surimi: Japan relies on imports to meet its surimi demand, and the volume of surimi imports has been growing steadily. In particular, imports of Russian pollock surimi have witnessed significant growth in recent years. The higher availability of imported surimi products has contributed to the expansion of the market and increased consumer access to a wider range of surimi-based options. The increasing consumption of surimi-based products in Japan in recent years is anticipated to drive the demand for the market in the foreseeable future. According to the Fishery Shipowners Association, the volume of Russian pollock surimi imports to Japan experienced a significant surge, reaching 16.1 thousand tons in 2022, which is more than five times the amount in 2021 (3.1 thousand tons). This analysis highlights that Russia's share in the Japanese market, the largest consumer of Pollock surimi globally, rose from 3.2% to 17.5%, while the USA's share declined to 82.5%. Furthermore, US surimi exports to Japan declined to 76.1 thousand tons in 2022, representing a decrease of 15.9 thousand tons compared to 2021.
   
• Rising Awareness of Health Benefits: Surimi is known for being a lean source of protein, making it an attractive choice for health-conscious individuals. It is also often free of allergens, such as shellfish, making it a suitable option for those with seafood allergies. The growing awareness of these health benefits has contributed to the market growth in Japan.
   
• Changing Consumer Preferences: Japanese consumers are increasingly seeking healthier and more sustainable food options. Surimi, with its low-fat content and high protein value, aligns well with these preferences. It offers a versatile seafood alternative that can be used in various dishes, including sushi, sashimi, and hot pots.

By Species Synopsys:

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Alaska Pollock has emerged as the dominant player in the Japan Surimi market, holding prominent shares due to several key factors. Its high-quality and abundant supply, sourced from the cold and pristine waters of Alaska, provides superior flavor and texture. The versatile nature of Alaska Pollock, with its flaky and mild white flesh, makes it ideal for surimi production and the creation of various surimi-based products. Additionally, its favorable nutritional profile, being low in fat and rich in protein, aligns with the health-conscious preferences of Japanese consumers. Over time, Alaska Pollock surimi has gained a positive reputation, driving consumer preference and solidifying its position in the market. The combination of these factors has established Alaska Pollock as a leading force in the Japan market, capturing significant market shares.

Additionally, significant contributors to market expansion include certain key participants who engage in various advancements. For instance, in September 2020, Maruha Nichiro, a prominent Japanese seafood company, unveiled Crab Tsumami, a novel range of surimi-based products. These delectable offerings combine authentic crab meat with surimi paste.

Top Companies Includes In The Japan Surimi Landscpae:

• HAI THANH CO., LTD
• MEENA Brand Surimi
• APITOON GROUP
• Starfish Co., Ltd.
• Java Seafood
• PT. INDO SEAFOOD
• Southern Marine
• SEAPRIMEXCO
• Zhejiang Longsheng Aquatic Products Co.,Ltd.
• PT.Indonesia Bahari Lestari
• Others

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In-depth analysis of Japan surimi market along with industry coverage and forecasting for the following segments:

Market Size, By Species

• Alaska Pollock
• Pacific Whitening
• Silver Crap
• Others

Market Size, By Distribution Channel

• Direct Sales
• Indirect Sales
• Market Size, By Application
• Food Industry
• Pharmaceutical Industry
• Animal Feed
• Others