Dry-Packed Scallops Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.16 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dry-Packed Scallops Market Analysis
The Dry-Packaged Scallops Market is projected to grow at a CAGR of 4.16% during the forecast period (2019-2025).
- The rising demand for seafood is influencing the demand for seafood cultivation. The cultivation of shellfish for human consumption, including mollusks, bivalve, clams, mussels,pipis,cockles, and scallops, is increasing. As scallops are seasonally available, therefore to ensure the availability of scallops in off-seasons, the scallop cultivation must be increased.
- North America is the second-largest market for dry-packaged scallops. In North America, United States is one of the largest markets as it is dominated by several on-trade and off-trade retailers. Rising online sales is identified as an emerging trend gaining traction in the market. Online sales of seafood and scallops are steadily growing, primarily during the holiday season.
Dry-Packed Scallops Market Trends
This section covers the major market trends shaping the Dry Packaged Scallops Market according to our research experts:
Growing Demand for Molluscan Shellfish Aquaculture
Molluscan shellfish aquaculture provides for high quality and high-value seafood for human consumption. The major aquaculture molluscan species groups across the globe include oysters, mussels, scallops, abalones, and clams. According to FAO, 2015, clams, oysters, mussels, and scallops were the four major groups and accounted for 87% of the total molluscan aquaculture. The production of scallops has increased owing to the nutritional benefits it offers which includes omega-3 fatty acids, vitamin B12, and zinc that helps in promoting a healthy brain and immune system. According to FAO, 2017, mollusks are the second largest category of seafood production which indicates that scallops are majorly consumed by the people, particularly in South Korea, China, and Japan. Moreover, shellfish aquaculture is the most environmentally sustainable culture form and will continue to expand with the development of new technologies and improved production practices.
Asia-Pacific is the Largest Market for Dry-Packaged Scallops
China is one of the largest producers of Scallops, followed by Japan, the United States, and Korea. Moreover, large quantities of mollusks where scallops constitute a major part are consumed largely across various countries, such as Thailand and Singapore. The growing population in the Asia-Pacific region and increasing demand for scallop aquaculture will drive the growth of the dry-packed scallops market in this region throughout the forecast period. Trade in bivalve species and other seafood products between developing countries and major markets has not developed completely. This is mainly because of public health concerns. Importing countries enforce strict regulations on living and dry or fresh bivalves/molluscs which many exporting developing countries are unable to meet.
Dry-Packed Scallops Industry Overview
The Global Dry-Packaged Scallops Market is highly fragmented with the presence of numerous domestic players in each region, each competing for market share. Product launches, expansions, partnerships, and mergers and acquisitions are some of the key strategies adopted by the market players. Some of the players in the market are, Blue Harvest Fisheries, LLC, HK JEBN, PanaPesca USA LLC, Seacore Seafood Inc, and WHOLEY'S.
Dry-Packed Scallops Market Leaders
Blue Harvest Fisheries, LLC
HK JEBN
PanaPesca USA LLC
Seacore Seafood Inc
WHOLEY'S
*Disclaimer: Major Players sorted in no particular order
Dry-Packed Scallops Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Geography
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5.1.1 North America
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5.1.1.1 US
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5.1.1.2 Canada
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5.1.1.3 Mexico
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5.1.1.4 Rest of North America
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5.1.2 Europe
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5.1.2.1 Germany
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5.1.2.2 UK
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5.1.2.3 France
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5.1.2.4 Russia
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5.1.2.5 Spain
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5.1.2.6 Rest of Europe
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5.1.3 Asia Pacific
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5.1.3.1 China
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5.1.3.2 Japan
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5.1.3.3 India
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5.1.3.4 South Korea
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5.1.3.5 Rest of Asia-Pacific
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5.1.4 South America
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5.1.4.1 Brazil
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5.1.4.2 Argentina
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5.1.4.3 Rest of South America
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5.1.5 Middle East and Africa
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5.1.5.1 UAE
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5.1.5.2 Saudi Arabia
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5.1.5.3 South Africa
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5.1.5.4 Egypt
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5.1.5.5 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Mergers & Acquisitions
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6.3 Company Profiles
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Dry-Packed Scallops Industry Segmentation
Dry-Packaged Scallops Market is segmented by distribution channel into on-trade channels and off-trade channels (hypermarkets/supermarkets, specialist retailers, online retail stores, and other distribution channels) and geographically the market expands across different regions.
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Dry-Packed Scallops Market Research FAQs
What is the current Dry-Packaged Scallops Market size?
The Dry-Packaged Scallops Market is projected to register a CAGR of 4.16% during the forecast period (2024-2029)
Who are the key players in Dry-Packaged Scallops Market?
Blue Harvest Fisheries, LLC, HK JEBN, PanaPesca USA LLC, Seacore Seafood Inc and WHOLEY'S are the major companies operating in the Dry-Packaged Scallops Market.
Which is the fastest growing region in Dry-Packaged Scallops Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dry-Packaged Scallops Market?
In 2024, the North America accounts for the largest market share in Dry-Packaged Scallops Market.
What years does this Dry-Packaged Scallops Market cover?
The report covers the Dry-Packaged Scallops Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dry-Packaged Scallops Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dry-Packaged Scallops Industry Report
Statistics for the 2024 Dry-Packaged Scallops market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dry-Packaged Scallops analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
