Dry-Packaged Scallops Market Size and Share

Dry-Packaged Scallops Market (2025 - 2030)
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Dry-Packaged Scallops Market Analysis by Mordor Intelligence

The dry-packed scallops market size is USD 2.76 billion in 2025 and is projected to reach USD 3.39 billion by 2030, reflecting a 4.16% CAGR. This growth is driven by a surge in consumer demand for chemical-free seafood, strong regulatory backing for sustainable harvesting, and consistent investments in advanced freezing and dry-pack technologies. The widening customer base is bolstered by premium positioning in food service, an increase in MSC-certified quotas, and innovative products that boast extended shelf lives. However, fragmented supply chains and quota-driven landings are keeping prices elevated. The market sees moderate competitive intensity, but this, coupled with supply-side constraints and changing label requirements, is nudging processors towards vertical integration, the adoption of cryogenic freezing, and a shift to value-added formats to safeguard their margins. As food-safety oversight tightens, processors emphasizing traceability and sustainability are securing long-term contracts with both retailers and institutional buyers. While the dry-packed scallops market reaps benefits from the clean-label trend, some channels' price sensitivity might dampen volume growth during cyclical supply shortages.

Key Report Takeaways

  • By species, sea scallops led with 57.64% revenue share in 2024; diver scallops are forecast to expand at a 6.24% CAGR through 2030.
  • By form, frozen products accounted for 46.26% of revenue in 2024; dried scallops are projected to grow at a 6.76% CAGR through 2030.
  • By end user, the food-service segment held 54.83% of value in 2024; the household/retail channel is set to advance at a 5.73% CAGR to 2030.
  • By geography, North America commanded a 33.52% share in 2024; Asia-Pacific is expected to post the fastest growth at a 5.42% CAGR during the forecast period.

Segment Analysis

By Species: Sea Scallops Dominate Through Size and Culinary Versatility

In 2024, sea scallops dominated the market with a 57.64% share, thanks to their larger size, better meat yield, and well-established Atlantic supply chains. Meanwhile, diver scallops are the fastest-growing segment, boasting a 6.24% CAGR through 2030, thanks to their premium positioning and sustainable harvesting methods. The commercial viability and processing efficiency of sea scallops are evident, with the Atlantic sea scallop fishery raking in USD 478 million from 31.6 million pounds of landings in 2022, as reported by NOAA Fisheries. Bay scallops, valued for their sweet flavor and seasonal availability, hold a niche position. They fetch premium prices during peak harvests, especially in northeastern U.S. markets. According to the Interstate Shellfish Sanitation Conference, bay scallops are celebrated for their delicate taste, while sea scallops stand out as the largest and most commercially available option.

Diver scallops are witnessing rapid growth, thanks to their hand-harvested nature and minimal environmental impact. This appeals to sustainability-minded consumers and upscale restaurants seeking unique menu options. Geographic production patterns influence species segmentation: sea scallops thrive in North American waters, while diver scallops are sourced from select coastal regions with ideal diving conditions. Processing methods differ by species: sea scallops benefit from mechanized shucking, whereas diver scallops undergo labor-intensive handling, reinforcing their premium status. Regulatory frameworks also shape the species mix, with MSC certification programs endorsing sustainable harvesting across various scallop types.

Dry-Packaged Scallops Market: Market Share by Species
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By Form: Frozen Products Lead Through Extended Availability

In 2024, frozen scallops dominated the market, capturing a 46.26% share, thanks to their extended shelf life and year-round availability. Meanwhile, dried scallops, buoyed by Asian culinary traditions and a premium stance in specialty markets, emerge as the fastest-growing segment, boasting a 6.76% CAGR. Technological strides in Individual Quick Freezing (IQF) and cryogenic processing bolster the frozen segment, ensuring product quality and enabling global distribution beyond seasonal harvests. Lund's Fisheries' USD 2 million investment in advanced tunnel freezer technology underscores the confidence in the frozen segment's capabilities and demand, as highlighted by National Fisherman.

Fresh-chilled products command a premium in local and regional arenas, where swift distribution ensures top-notch quality, catering especially to upscale restaurants and niche retailers. The segmentation by form underscores varied value propositions: frozen products excel in operational ease and cost-effectiveness, while fresh offerings, with their enhanced culinary attributes, fetch higher margins. Dried scallops carve out a niche, holding deep cultural resonance in Asian cuisines, serving dual roles as core ingredients and flavor enhancers in age-old recipes. Recent innovations in drying technologies for aquatic products highlight the importance of environmental control in maintaining sensory and nutritional quality. The uptick in dried products reflects the growing Asian diaspora and the West's increasing adoption of Asian culinary methods, often featuring dried seafood ingredients.

By End User: Food Service Drives Premium Market Development

In 2024, the food service segment captured a dominant 54.83% market share, leveraging premium pricing and menu differentiation to elevate dry-packed scallops as signature ingredients. Meanwhile, the household/retail segment emerged as the fastest-growing, boasting a 5.73% CAGR, driven by rising consumer sophistication and a surge in home cooking. The food service's stronghold underscores its ability to command premium prices for high-quality ingredients. Restaurants are harnessing the superior searing and flavor profiles of dry-packed scallops to craft unique menu items. Highlighting the industry's commitment, Maine's culinary exchange programs, backed by NOAA Sea Grant, are actively promoting both farmed and wild scallops through chef education and tech transfer, as noted by the World Aquaculture Society.

Food processing and industrial sectors consistently demand reliable quality and supply. They often turn to frozen forms, which are well-suited for large-scale production and offer extended storage. The household retail segment is experiencing a surge, driven by heightened consumer awareness of premium seafood and growing confidence in home cooking, which is being bolstered by online resources and cooking classes. High Liner Foods, in a Q2 2025 report, credited improved retail performance to a later Lent timing and robust retail sales, signaling a positive consumer market trend, as highlighted by Seafood News. The segmentation nuances are evident: while food service leans towards bulk packaging, retail emphasizes consumer-friendly portions and transparent labeling, detailing product attributes and preparation guidance.

Dry-Packaged Scallops Market: Market Share by End User
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Geography Analysis

North America held a 33.52% market share in 2024, driven by established Atlantic sea scallop fisheries, robust processing infrastructure, and comprehensive regulatory frameworks. The region's integrated supply chains connect harvesting operations with processing facilities and distribution networks, serving both domestic and export markets efficiently. NOAA's management of the Atlantic sea scallop fishery includes quota allocations of 18 million pounds for 2025 and area management through Framework 39. In Canada, industry consolidation continues, as evidenced by Ocean Choice International's USD 200 million scallop quota sale to three companies in Nova Scotia. However, seasonal closures and quota limitations create supply constraints, affecting pricing and market stability.

Europe's mature market is characterized by established trade relationships and stringent sustainability requirements. The European Union's imports of live, fresh, or chilled scallops reached USD 79.4 million in 2021, with the United Kingdom as the primary supplier at USD 75.2 million, followed by the United States and Norway[4]Source: World Bank, “EU Scallop Imports 2021,” worldbank.org. MSC certification requirements influence market dynamics, benefiting certified suppliers. EU scallop production reached 45,985 tonnes in 2021, with France contributing 91% of regional production. Post-Brexit, the UK maintains its position as a significant supplier, despite new regulatory requirements affecting market access. 

Asia-Pacific demonstrates the highest growth rate at 5.42% CAGR through 2030, supported by increased seafood consumption and expanding middle-class populations. Regional trade patterns shifted after China's ban on Japanese seafood imports, with Japan redirecting exports to markets including the United States and Vietnam, where Japanese scallop imports increased by 771% in 2024. The region focuses on aquaculture development, with Japan working to reduce dependence on Chinese processing. Infrastructure limitations and quality control requirements remain key challenges for accessing premium market segments. South America and Middle East & Africa present growth opportunities despite current infrastructure limitations. In the Middle East, the UAE exported USD 12,160 worth of scallops in 2023, primarily to Saudi Arabia. Saudi Arabia's seafood market is expected to grow from USD 0.98 billion in 2024 to USD 1.23 billion by 2033, supported by Vision 2030 initiatives. Both regions require significant infrastructure investment and market development to expand their presence in premium scallop segments.

Dry-Packaged Scallops Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The dry-packed scallops industry exhibits moderate fragmentation. Leading players, including Sea Watch International and Pacific Seafood Group, utilize vertical integration, covering everything from harvesting quotas to processing plants and nationwide distribution. These companies invest in cryogenic tunnel freezers and automated grading lines, ensuring texture preservation and reduced labor costs, all while securing long-term contracts with food service providers. Meanwhile, medium-sized firms carve out niches by emphasizing regional specialties, often sourcing diver scallops and collaborating with chefs to weave in stories of provenance.

Strategic investments highlight a strong belief in technology-driven scaling. Lund’s Fisheries, for instance, enhanced its hourly capacity by investing USD 2 million in a tunnel freezer, leading to greater throughput efficiency and energy savings. In 2024, Northern Wind expanded its horizons by acquiring a regional supplier, gaining access to MSC-certified raw materials and broadening its private-label offerings for retail chains. Clearwater Seafoods, under First Nations ownership, showcases the increasing involvement of Indigenous communities in managing quotas and making value-chain decisions, adding a socio-economic layer to the competitive landscape.

Innovation is steering towards convenience and sustainability. Aquamar has tapped into the trend with its ready-to-eat tender strips, catering to the meal-kit and snacking markets. Simultaneously, processors are experimenting with blockchain traceability to meet the stringent demands of institutional procurement audits. Noteworthy disruptors are emerging, such as aquaculture ventures in Maine utilizing ear-hanging gear for enhanced adductor yields, and Norwegian companies harnessing AI-driven underwater vision for selective harvesting. As processors vie for premium shelf space and menu placements, their success hinges on access to capital, compliance expertise, and robust marketing strategies.

Dry-Packaged Scallops Industry Leaders

  1. Sea Watch International

  2. Clearwater Seafoods

  3. Pacific Seafood Group

  4. High Liner Foods

  5. Northern Wind

  6. *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments

  • March 2025: Clearwater Seafoods completed acquisition by a coalition of First Nations, with new ownership charting expansion plans while maintaining current processing facilities that handle approximately 4 million kilograms of scallops annually. The acquisition represents a significant step in First Nations' economic self-sufficiency through strategic involvement in the fishing industry.
  • February 2025: Ocean Choice International completed the sale of its Nova Scotia offshore scallop quota valued at approximately USD 200 million to three Nova Scotia companies, consolidating the entire Canadian offshore scallop quota under regional operators.
  • December 2024: Northern Wind completed the acquisition of a scallop supplier to expand its product offerings and meet growing demand for premium seafood while ensuring responsible resource management. The strategic move positions the company for enhanced market participation in the growing scallop segment.

Table of Contents for Dry-Packaged Scallops Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising preference for chemical-free “dry” seafood
    • 4.2.2 Premium price realisation in food-service segment
    • 4.2.3 Expansion of MSC-certified Atlantic sea-scallop quotas
    • 4.2.4 Product innovation in processing and freezing techniques
    • 4.2.5 Advances in freezing and dry-pack technology
    • 4.2.6 Product diversification: Value-added scallops
  • 4.3 Market Restraints
    • 4.3.1 Stringent food safety and labeling regulations
    • 4.3.2 Volatile raw material supply and price fluctuations
    • 4.3.3 Stringent food safety and labeling regulations
    • 4.3.4 Short shelf lfe for premium fresh dry-packed products
  • 4.4 Value-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter’s Five Forces
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitute Products
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Species
    • 5.1.1 Sea Scallops
    • 5.1.2 Bay Scallops
    • 5.1.3 Diver Scallops
  • 5.2 By Form
    • 5.2.1 Fresh-Chilled
    • 5.2.2 Frozen
    • 5.2.3 Dried
  • 5.3 By End User
    • 5.3.1 Food-service (HoReCa)
    • 5.3.2 Food Processing/Industrial
    • 5.3.3 Household/ Retail
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Spain
    • 5.4.2.5 Poland
    • 5.4.2.6 Sweden
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 South Korea
    • 5.4.3.4 Australia
    • 5.4.3.5 Singapore
    • 5.4.3.6 Thailand
    • 5.4.3.7 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.5 Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Sea Watch International
    • 6.4.2 Pacific Seafood Group
    • 6.4.3 Northern Wind
    • 6.4.4 High Liner Foods
    • 6.4.5 Clearwater Seafoods
    • 6.4.6 Big Blue Ocean
    • 6.4.7 Eastern Fisheries
    • 6.4.8 Blue Harvest Fisheries
    • 6.4.9 American Seafoods Co.
    • 6.4.10 Lund’s Fisheries
    • 6.4.11 Seacore Seafood
    • 6.4.12 Truro Seafood
    • 6.4.13 Hokkaido Maruha
    • 6.4.14 Dalian Ocean Fishing
    • 6.4.15 Zhejiang Zhoushan Putuo
    • 6.4.16 American Sea Chest
    • 6.4.17 Atlantic Capes Fisheries
    • 6.4.18 Seatrade International
    • 6.4.19 Royal Greenland
    • 6.4.20 Boston Sword and Tuna

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Global Dry-Packaged Scallops Market Report Scope

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.

By Species
Sea Scallops
Bay Scallops
Diver Scallops
By Form
Fresh-Chilled
Frozen
Dried
By End User
Food-service (HoReCa)
Food Processing/Industrial
Household/ Retail
By Geography
North America United States
Canada
Europe Germany
United Kingdom
France
Spain
Poland
Sweden
Rest of Europe
Asia-Pacific China
Japan
South Korea
Australia
Singapore
Thailand
Rest of Asia-Pacific
South America
Middle East and Africa
By Species Sea Scallops
Bay Scallops
Diver Scallops
By Form Fresh-Chilled
Frozen
Dried
By End User Food-service (HoReCa)
Food Processing/Industrial
Household/ Retail
By Geography North America United States
Canada
Europe Germany
United Kingdom
France
Spain
Poland
Sweden
Rest of Europe
Asia-Pacific China
Japan
South Korea
Australia
Singapore
Thailand
Rest of Asia-Pacific
South America
Middle East and Africa
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Key Questions Answered in the Report

What is the current value of the dry-packed scallops market?

The dry-packed scallops market is valued at USD 2.76 billion in 2025 and is forecast to reach USD 3.39 billion by 2030.

Which region leads global consumption?

North America leads, supplying 33.52% of global sales due to advanced processing and strong regulatory frameworks.

Which species dominates supply?

Sea scallops dominate with 57.64% market share thanks to high meat yield and established Atlantic fisheries.

Why are dry-packed scallops preferred in restaurants?

Chefs favor them for chemical-free processing that allows superior caramelization and consistent flavor profiles.

How is sustainability addressed in the sector?

MSC certification, quota management, and traceability programs ensure responsible harvesting and bolster consumer trust.

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