Market Size of Dry-Packaged Scallops Industry
| 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 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-Packaged Scallops Market Size Summary
The dry-packed scallops market is experiencing a steady growth trajectory, driven by the increasing global demand for seafood and the cultivation of shellfish, including scallops, to meet this demand. As scallops are seasonally available, there is a push to enhance cultivation efforts to ensure year-round availability. North America, particularly the United States, stands as a significant market due to its robust retail sector and the rising trend of online seafood sales, especially during peak holiday seasons. The market is characterized by a high degree of fragmentation, with numerous domestic players vying for market share through strategies such as product launches, expansions, and partnerships.
Globally, molluscan shellfish aquaculture, which includes scallops, is a major contributor to seafood production, with scallops being particularly popular in countries like South Korea, China, and Japan due to their nutritional benefits. The Asia-Pacific region is expected to drive market growth, fueled by a growing population and increasing demand for scallop aquaculture. However, trade challenges persist, especially concerning public health regulations that affect the import and export of bivalve species. Despite these challenges, the market continues to expand, supported by advancements in aquaculture technologies and sustainable production practices.
Dry-Packaged Scallops Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 US
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2.1.1.2 Canada
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2.1.1.3 Mexico
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2.1.1.4 Rest of North America
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2.1.2 Europe
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2.1.2.1 Germany
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2.1.2.2 UK
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2.1.2.3 France
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2.1.2.4 Russia
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2.1.2.5 Spain
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2.1.2.6 Rest of Europe
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2.1.3 Asia Pacific
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2.1.3.1 China
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2.1.3.2 Japan
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2.1.3.3 India
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2.1.3.4 South Korea
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2.1.3.5 Rest of Asia-Pacific
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2.1.4 South America
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2.1.4.1 Brazil
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2.1.4.2 Argentina
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2.1.4.3 Rest of South America
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2.1.5 Middle East and Africa
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2.1.5.1 UAE
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2.1.5.2 Saudi Arabia
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2.1.5.3 South Africa
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2.1.5.4 Egypt
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2.1.5.5 Rest of Middle East and Africa
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Dry-Packaged Scallops Market Size 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.
