Dry-Packaged Scallops Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global 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.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.16 %

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Market Overview

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. 

Scope of the Report

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.

Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Egypt
Rest of Middle East and Africa

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Key Market Trends

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.

Dry Packaged Scallops Market1

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 Packaged Scallops Market2

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 US

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

        4. 5.1.1.4 Rest of North America

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 UK

        3. 5.1.2.3 France

        4. 5.1.2.4 Russia

        5. 5.1.2.5 Spain

        6. 5.1.2.6 Rest of Europe

      3. 5.1.3 Asia Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Japan

        3. 5.1.3.3 India

        4. 5.1.3.4 South Korea

        5. 5.1.3.5 Rest of Asia-Pacific

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

        3. 5.1.4.3 Rest of South America

      5. 5.1.5 Middle East and Africa

        1. 5.1.5.1 UAE

        2. 5.1.5.2 Saudi Arabia

        3. 5.1.5.3 South Africa

        4. 5.1.5.4 Egypt

        5. 5.1.5.5 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Dry-Packaged Scallops Market market is studied from 2016 - 2026.

The Dry-Packaged Scallops Market is growing at a CAGR of 4.16% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Blue Harvest Fisheries, LLC, HK JEBN, PanaPesca USA LLC, Seacore Seafood Inc, WHOLEY'S are the major companies operating in Dry-Packaged Scallops Market.

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