The dried scallop market was valued at $264.5 million in 2021, and is projected to reach $374.6 million by 2031, registering a CAGR of 3.6% during the forecast period. The retail segment was the highest revenue contributor to the market, with $180.7 million in 2021, with a CAGR of 3.4%.
Scallops are widely known as one of the healthiest seafood. It has 80% protein, is low in fat, and is packed with vitamins and minerals. It is a great source of antioxidants. These nutrients protect the body from cellular damage associated with various chronic diseases.
In traditional East Asian medicine, scallops are used to treat conditions such as diabetes and indigestion. Modern research explores the potential use of scallop proteins as anti-tumor agents and cancer treatments. Scallops are good source of iron, phosphorus, potassium, vitamin B12, and selenium. They contain omega-3 fatty acids, which helps to regulate heartbeat and support nervous system. Thus, the nutritional properties associated with the consumption of scallops are expected to propel the demand for dried scallop as well.
Changes in lifestyle of consumers has been one of the major factors that has contributed toward the growing popularity of dried scallop in developing economies. In Asia-Pacific countries, surge in per capita income has led to changing food & beverages consumption habits of customers. Rise in aspiration and penchant for luxurious lifestyle has led to manifold increase in market size and overall demand. Moreover, in Latin America and the Middle East, per capita income has increased considerably over a decade, which is expected to rapidly boost the demand for high nutritional food & beverages, thus contributing toward the market growth. There is an increasing trend in health convenience foods that have high levels of proteins, vitamins, omega-3 fatty acids, and functional fibers.
Apart from that, the increase in trend of consuming cross culture cuisines also is anticipated to propel the market demand. The choices in preparation techniques, consumers' interest, and preference for foreign foods encourage creative chefs to experiment with different cuisines. The increase in consumer experimentation with food choices and their love for new & exciting food items have led to the beginning of fusion or cross-cultural cuisine.
However, dried scallop is costlier and is not readily available compared to fresh ones. The manufacturers of dried scallop owing to the import duties have to increase the end product prices to maintain their profit margins, which is expected to hinder the market growth.
The COVID-19 pandemic developed the need for products with higher shelf-life. Amidst the pandemic, consumers showed interest in healthy eating habits thus, the demand for healthy food & beverages increased. However, limited workforce, restrictions on production facilities, limitations on logistics, and cross-country border restrictions affected the supply chain of dried scallop. These situations affected the medium and small manufacturers very badly. Some manufacturers have to shut down their production plants owing to the increasing debt. Apart from that, to slow down the spread of the virus, food service sector was also asked to shut down. These factors cumulatively affected global dried scallop market very badly.
The dried scallop market is segmented into packaging type, application, and region. On the basis of packaging type, the market is categorized into plastic and jar. By application, it is fragmented into retail, institutions, and food service. The retail segment is further bifurcated into online and offline. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Netherland, Belgium, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, UAE, Saudi Arabia, South Africa, Algeria, and rest of LAMEA.
The players operating in the global dried scallop market have adopted various developmental strategies to expand their Dried scallop market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Blue Harvest Fisheries, Fruge Seafood Company, Grand Gift, Gyoren Hokko, Hannaford Bros. Co., LLC., HK JEBN, Lund's Fisheries, Seacore Seafood Inc, Seng Hong Company (Private) Limited, and WHOLEY'S.
Scallops are widely known as one of the healthiest seafood. It has 80% protein, is low in fat, and is packed with vitamins and minerals. It is a great source of antioxidants. These nutrients protect the body from cellular damage associated with various chronic diseases.
In traditional East Asian medicine, scallops are used to treat conditions such as diabetes and indigestion. Modern research explores the potential use of scallop proteins as anti-tumor agents and cancer treatments. Scallops are good source of iron, phosphorus, potassium, vitamin B12, and selenium. They contain omega-3 fatty acids, which helps to regulate heartbeat and support nervous system. Thus, the nutritional properties associated with the consumption of scallops are expected to propel the demand for dried scallop as well.
Changes in lifestyle of consumers has been one of the major factors that has contributed toward the growing popularity of dried scallop in developing economies. In Asia-Pacific countries, surge in per capita income has led to changing food & beverages consumption habits of customers. Rise in aspiration and penchant for luxurious lifestyle has led to manifold increase in market size and overall demand. Moreover, in Latin America and the Middle East, per capita income has increased considerably over a decade, which is expected to rapidly boost the demand for high nutritional food & beverages, thus contributing toward the market growth. There is an increasing trend in health convenience foods that have high levels of proteins, vitamins, omega-3 fatty acids, and functional fibers.
Apart from that, the increase in trend of consuming cross culture cuisines also is anticipated to propel the market demand. The choices in preparation techniques, consumers' interest, and preference for foreign foods encourage creative chefs to experiment with different cuisines. The increase in consumer experimentation with food choices and their love for new & exciting food items have led to the beginning of fusion or cross-cultural cuisine.
However, dried scallop is costlier and is not readily available compared to fresh ones. The manufacturers of dried scallop owing to the import duties have to increase the end product prices to maintain their profit margins, which is expected to hinder the market growth.
The COVID-19 pandemic developed the need for products with higher shelf-life. Amidst the pandemic, consumers showed interest in healthy eating habits thus, the demand for healthy food & beverages increased. However, limited workforce, restrictions on production facilities, limitations on logistics, and cross-country border restrictions affected the supply chain of dried scallop. These situations affected the medium and small manufacturers very badly. Some manufacturers have to shut down their production plants owing to the increasing debt. Apart from that, to slow down the spread of the virus, food service sector was also asked to shut down. These factors cumulatively affected global dried scallop market very badly.
The dried scallop market is segmented into packaging type, application, and region. On the basis of packaging type, the market is categorized into plastic and jar. By application, it is fragmented into retail, institutions, and food service. The retail segment is further bifurcated into online and offline. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Netherland, Belgium, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, UAE, Saudi Arabia, South Africa, Algeria, and rest of LAMEA.
The players operating in the global dried scallop market have adopted various developmental strategies to expand their Dried scallop market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Blue Harvest Fisheries, Fruge Seafood Company, Grand Gift, Gyoren Hokko, Hannaford Bros. Co., LLC., HK JEBN, Lund's Fisheries, Seacore Seafood Inc, Seng Hong Company (Private) Limited, and WHOLEY'S.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dried scallop market analysis from 2021 to 2031 to identify the prevailing dried scallop market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dried scallop market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dried scallop market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Packaging Type
- Plastic
- Jar
By Application
- Retail
- sub type
- Online
- Offline
- Institutions
- Food Service
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Netherlands
- Italy
- Belgium
- Russia
- France
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Indonesia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- Chile
- Algeria
- South Africa
- Rest Of LAMEA
Key Market Players
- Blue Harvest Fisheries
- Fruge Seafood Company
- Grand Gift
- Gyoren Hokko
- Hannaford Bros. Co., LLC.
- HK JEBN
- Lund's Fisheries
- Seacore Seafood Inc
- Seng Hong Company Private Limited
- WHOLEY'S
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
CHAPTER 4: DRIED SCALLOP MARKET, BY PACKAGING TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Plastic
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Jar
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: DRIED SCALLOP MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Retail
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.2.4 Retail Dried Scallop Market by sub type
5.2.4.1 Online Market size and forecast, by region
5.2.4.2 Online Market size and forecast, by country
5.2.4.3 Offline Market size and forecast, by region
5.2.4.4 Offline Market size and forecast, by country
5.3 Institutions
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Food Service
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: DRIED SCALLOP MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Packaging Type
6.2.3 North America Market size and forecast, by Application
6.2.3.1 North America Retail Dried Scallop Market by sub type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Market size and forecast, by Packaging Type
6.2.4.1.2 Market size and forecast, by Application
6.2.4.1.2.1 U. S. Retail Dried Scallop Market by sub type
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Packaging Type
6.2.4.2.2 Market size and forecast, by Application
6.2.4.2.2.1 Canada Retail Dried Scallop Market by sub type
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Packaging Type
6.2.4.3.2 Market size and forecast, by Application
6.2.4.3.2.1 Mexico Retail Dried Scallop Market by sub type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Packaging Type
6.3.3 Europe Market size and forecast, by Application
6.3.3.1 Europe Retail Dried Scallop Market by sub type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Packaging Type
6.3.4.1.2 Market size and forecast, by Application
6.3.4.1.2.1 Germany Retail Dried Scallop Market by sub type
6.3.4.2 UK
6.3.4.2.1 Market size and forecast, by Packaging Type
6.3.4.2.2 Market size and forecast, by Application
6.3.4.2.2.1 UK Retail Dried Scallop Market by sub type
6.3.4.3 Netherlands
6.3.4.3.1 Market size and forecast, by Packaging Type
6.3.4.3.2 Market size and forecast, by Application
6.3.4.3.2.1 Netherlands Retail Dried Scallop Market by sub type
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Packaging Type
6.3.4.4.2 Market size and forecast, by Application
6.3.4.4.2.1 Italy Retail Dried Scallop Market by sub type
6.3.4.5 Belgium
6.3.4.5.1 Market size and forecast, by Packaging Type
6.3.4.5.2 Market size and forecast, by Application
6.3.4.5.2.1 Belgium Retail Dried Scallop Market by sub type
6.3.4.6 Russia
6.3.4.6.1 Market size and forecast, by Packaging Type
6.3.4.6.2 Market size and forecast, by Application
6.3.4.6.2.1 Russia Retail Dried Scallop Market by sub type
6.3.4.7 France
6.3.4.7.1 Market size and forecast, by Packaging Type
6.3.4.7.2 Market size and forecast, by Application
6.3.4.7.2.1 France Retail Dried Scallop Market by sub type
6.3.4.8 Spain
6.3.4.8.1 Market size and forecast, by Packaging Type
6.3.4.8.2 Market size and forecast, by Application
6.3.4.8.2.1 Spain Retail Dried Scallop Market by sub type
6.3.4.9 Rest of Europe
6.3.4.9.1 Market size and forecast, by Packaging Type
6.3.4.9.2 Market size and forecast, by Application
6.3.4.9.2.1 Rest of Europe Retail Dried Scallop Market by sub type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Packaging Type
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.3.1 Asia-Pacific Retail Dried Scallop Market by sub type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Packaging Type
6.4.4.1.2 Market size and forecast, by Application
6.4.4.1.2.1 China Retail Dried Scallop Market by sub type
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Packaging Type
6.4.4.2.2 Market size and forecast, by Application
6.4.4.2.2.1 Japan Retail Dried Scallop Market by sub type
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Packaging Type
6.4.4.3.2 Market size and forecast, by Application
6.4.4.3.2.1 India Retail Dried Scallop Market by sub type
6.4.4.4 Australia
6.4.4.4.1 Market size and forecast, by Packaging Type
6.4.4.4.2 Market size and forecast, by Application
6.4.4.4.2.1 Australia Retail Dried Scallop Market by sub type
6.4.4.5 South Korea
6.4.4.5.1 Market size and forecast, by Packaging Type
6.4.4.5.2 Market size and forecast, by Application
6.4.4.5.2.1 South Korea Retail Dried Scallop Market by sub type
6.4.4.6 Thailand
6.4.4.6.1 Market size and forecast, by Packaging Type
6.4.4.6.2 Market size and forecast, by Application
6.4.4.6.2.1 Thailand Retail Dried Scallop Market by sub type
6.4.4.7 Indonesia
6.4.4.7.1 Market size and forecast, by Packaging Type
6.4.4.7.2 Market size and forecast, by Application
6.4.4.7.2.1 Indonesia Retail Dried Scallop Market by sub type
6.4.4.8 Rest of Asia-Pacific
6.4.4.8.1 Market size and forecast, by Packaging Type
6.4.4.8.2 Market size and forecast, by Application
6.4.4.8.2.1 Rest of Asia-Pacific Retail Dried Scallop Market by sub type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Packaging Type
6.5.3 LAMEA Market size and forecast, by Application
6.5.3.1 LAMEA Retail Dried Scallop Market by sub type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Packaging Type
6.5.4.1.2 Market size and forecast, by Application
6.5.4.1.2.1 Brazil Retail Dried Scallop Market by sub type
6.5.4.2 Argentina
6.5.4.2.1 Market size and forecast, by Packaging Type
6.5.4.2.2 Market size and forecast, by Application
6.5.4.2.2.1 Argentina Retail Dried Scallop Market by sub type
6.5.4.3 UAE
6.5.4.3.1 Market size and forecast, by Packaging Type
6.5.4.3.2 Market size and forecast, by Application
6.5.4.3.2.1 UAE Retail Dried Scallop Market by sub type
6.5.4.4 Saudi Arabia
6.5.4.4.1 Market size and forecast, by Packaging Type
6.5.4.4.2 Market size and forecast, by Application
6.5.4.4.2.1 Saudi Arabia Retail Dried Scallop Market by sub type
6.5.4.5 Chile
6.5.4.5.1 Market size and forecast, by Packaging Type
6.5.4.5.2 Market size and forecast, by Application
6.5.4.5.2.1 Chile Retail Dried Scallop Market by sub type
6.5.4.6 Algeria
6.5.4.6.1 Market size and forecast, by Packaging Type
6.5.4.6.2 Market size and forecast, by Application
6.5.4.6.2.1 Algeria Retail Dried Scallop Market by sub type
6.5.4.7 South Africa
6.5.4.7.1 Market size and forecast, by Packaging Type
6.5.4.7.2 Market size and forecast, by Application
6.5.4.7.2.1 South Africa Retail Dried Scallop Market by sub type
6.5.4.8 Rest of LAMEA
6.5.4.8.1 Market size and forecast, by Packaging Type
6.5.4.8.2 Market size and forecast, by Application
6.5.4.8.2.1 Rest of LAMEA Retail Dried Scallop Market by sub type
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Blue Harvest Fisheries
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Fruge Seafood Company
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Grand Gift
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Gyoren Hokko
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Hannaford Bros. Co., LLC.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 HK JEBN
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Lund's Fisheries
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Seacore Seafood Inc
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Seng Hong Company Private Limited
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 WHOLEY'S
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Dried Scallop Market,' the Dried Scallop Market Size was valued at $264.50 million in 2021, and is estimated to reach $374.6 million by 2031, growing at a CAGR of 3.6% from 2022 to 2031.Scallops are marine bivalve mollusks. There are numerous scallop species, and each prefers a different type of habitat. Some species live in shallow waters between the low tide line and 100 meters deep. Other species can only be found in deep waters. All of these species are only found in salt water and cannot survive in fresh or brackish water. Scallops of various species can be found all over the world. The Indo-Pacific region has the most species diversity, however, scallops can be found in oceans across the globe.
Rise in awareness about the health benefits of seafood has rapidly increased the consumption rate, and is often viewed as a healthier option, as it acts as a rich protein source. In addition, the benefits of seafood consumption involve a reduction in risk for cardiovascular diseases, osteoporosis, obesity, diabetes, arthritis, high blood pressure, and cancer. Moreover, seafood is a rich source of essential micro & macronutrients, thereby increasing the consumption of seafood among health-conscious individuals. At present, the dried scallop is the most consumed animal protein across the globe, and its consumption is anticipated to grow continuously in the coming future, thereby augmenting the growth of the Dried Scallop Market Trends. The growth of the seafood market also is projected to propel the demand for the dried scallop market.
Rapidly increasing number of large retail stores including supermarkets and hypermarkets in developing economies has enabled easier availability of dried scallop, as these stores help to increase the sales of dried scallop. Supermarkets have served as a better distribution point for various dried scallop products. Moreover, rapid urbanization is expected to boost the growth of the retail sector, which, in turn, generates the Dried Scallop Market Demand. In addition, changes in consumption patterns have boosted the growth of the retail sector, which significantly augments the growth of the global market. However, the content of toxic metals such as mercury (Hg), lead (Pb), and cadmium (Cd), were found in preserved scallops (Chlamys varia, Bivalvia, Mollusca) will likely to hinder the market growth. The consumption of these toxic metals is considered as dangerous for human consumption, high amounts can lead to health problems, including cancer.
According to the Dried Scallop Market Analysis, the market is segmented into packaging type, application, and region. On the basis of packaging type, the market is categorized into plastic and jar. By application, it is fragmented into retail, institutions, and food service. The retail segment is further bifurcated into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Russia, Spain, Italy, France, Netherlands, Belgium, Germany, the UK, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, UAE, Saudi Arabia, South Africa, Algeria, and rest of LAMEA.
By packaging type, the bottle segment held the major Dried Scallop Market Share in the market in 2021, and is expected to remain dominant during the Dried Scallop Market Forecast period. The jar segment Dried Scallop Market Size is estimated to reach $127.8 million by 2031, at a significant CAGR of 4.0% during the forecast period.
By application, the retail segment held the major share in the market in 2021. This can be attributed to the growing popularity of meat and seafood products among consumers. Moreover, improving infrastructure of the supply channel along with increasing affordability of seafood is likely to provide opportunities for the Dried Scallop Market Growth.
By region, Asia-Pacific was the prominent region in the market in 2021. The growth of the region can be attributed to the increase in disposable income and rise in number of fast-food restaurants that serve dried scallop products.
The players operating in the dried scallop industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The players has enoormous Dried Scallop Market Opportunity in the market.
The key players profiled in this report include Blue Harvest Fisheries, Fruge Seafood Company, Grand Gift, Gyoren Hokko, Hannaford Bros. Co., LLC., HK JEBN, Lund's Fisheries, Seacore Seafood Inc, Seng Hong Company (Private) Limited, and WHOLEY'S.
Key findings of the study
In 2021, the dried scallop market was valued at $264.5 million in 2021, and is projected to reach $374.6 million by 2031, registering a CAGR of 3.6%.In 2021, depending on packaging type, the Plastic segment held the major share in the Dried Scallop Industry.
In 2021, depending on application, the Institutions segment witness a major growth rate during the forecast period.
In 2021, the U.S. was the most prominent market in North America, and is projected to reach $47.2 million by 2031, growing at a CAGR of 3.6% during the forecast period.
Companies Mentioned
- Blue Harvest Fisheries
- Fruge Seafood Company
- Grand Gift
- Gyoren Hokko
- Hannaford Bros. Co. LLC.
- Hk Jebn
- Lund's Fisheries
- Seacore Seafood Inc.
- Seng Hong Company Private Limited
- Wholey's
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 278 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 264.5 million |
| Forecasted Market Value ( USD | $ 374.6 million |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
