Dry-Packed Scallops Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Frozen Scallops, Dehydrated Scallops, Pre-cooked Scallops), By Distribution Channel (Hypermarkets/Supermarkets, Specialist Stores, Online, Others), By Region, By Competition, 2019-2029F

Market Overview

The global Dry-Packed Scallops Market was valued at USD 2.12 Billion in 2023 and is expected to reach USD 3.07 Billion by 2029 with a CAGR of 6.43% during the forecast period. this is due to the increasing demand for seafood and the rising production of scallops worldwide. As global fisheries and aquaculture production reached 223.2 million tonnes in 2022, with a notable 4.4% growth from 2020, the demand for high-quality seafood, including dry-packed scallops, is expanding. In 2021, global scallop production reached nearly 3 million tonnes, with aquaculture contributing 73% of this total, primarily driven by China, which accounted for 64% of global output. The European Union, particularly France, plays a key role in the scallop market, producing 91% of the EU's total scallop output and dominating the production of great Atlantic scallops. The EU's substantial production, combined with its position as a major importer, enhances the availability of dry-packed scallops in the market, driving the demand. As production continues to rise in key regions like China and the EU, the dry-packed scallops market is set to benefit from both increased supply and steady consumer demand.

Market Drivers

Rising Consumer Demand for Sustainable and High-Quality Seafood

One of the primary drivers of the dry-packed scallops market is the growing consumer preference for sustainably sourced and high-quality seafood. As awareness about environmental issues and overfishing has increased, many consumers are seeking seafood options that are ethically sourced and have minimal environmental impact. Dry-packed scallops are often perceived as a cleaner, fresher alternative to wet-packed scallops, as they retain their natural flavor without being submerged in liquids or preservatives. This makes them highly appealing to health-conscious consumers and those focused on sustainability. The drying process, which typically involves minimal additives, aligns with the increasing demand for clean-label, organic, and minimally processed foods. Furthermore, the demand for premium and gourmet seafood products is on the rise, particularly among high-income and discerning consumers. Dry-packed scallops, known for their superior texture, flavor, and quality, cater to this market segment, making them a popular choice for upscale restaurants and high-end consumers. As the trend for organic and premium seafood continues to rise, the dry-packed scallops market is positioned to benefit greatly. In addition, as the global population becomes more health-conscious, the shift toward high-protein, low-fat diets is also contributing to the increasing demand for seafood. Scallops, being rich in protein and low in fat, align with these dietary preferences. The combination of ethical sourcing, superior quality, and health benefits has made dry-packed scallops an attractive option, driving growth in the market. According to the National Sample Survey Organization (NSSO) report, the monthly per capita fish consumption in urban and rural India is 0.27 kg and 0.25 kg, respectively. The Indian Council of Medical Research (ICMR) recommends a fish consumption of 12 kg per year, a target that India has yet to achieve, with the World Bank predicting a per capita fish consumption of 6.6 kg by 2030. The Government of India has set a goal of reaching 20 million tonnes of fish production by 2022-23, with renewed emphasis on the sector through the "Blue Revolution" scheme. However, the situation in Kerala differs significantly, where per capita fish consumption is 2.26 kg in rural areas and 2.21 kg in urban areas. As a coastal state and a leading fish producer, both fresh and dried fish are vital components of Kerala's diet. Understanding the factors influencing fish consumption and analyzing consumption behavior is crucial for the government to address hunger and malnutrition, particularly among disadvantaged groups.

Increased Awareness of the Health Benefits of Seafood

The health benefits of seafood, particularly shellfish like scallops, are a significant driver in the growth of the dry-packed scallops market. Seafood is widely regarded as an excellent source of lean protein, omega-3 fatty acids, vitamins, and minerals, which contribute to heart health, brain function, and overall well-being. With consumers becoming more health-conscious and shifting toward balanced diets, seafood has gained prominence as a healthier alternative to red meats and other animal proteins. Scallops, in particular, offer numerous health benefits. They are low in calories and fat but rich in essential nutrients like vitamin B12, magnesium, and potassium, which are vital for maintaining metabolic functions. Additionally, dry-packed scallops are often perceived as fresher and of higher nutritional quality, given the absence of additives, preservatives, and excess moisture found in wet-packed varieties. As a result, dry-packed scallops cater to consumers who are prioritizing clean, natural foods that support a healthy lifestyle. Moreover, the growing popularity of diets such as keto, paleo, and Mediterranean, which emphasize seafood and lean proteins, has led to an increased demand for products like dry-packed scallops. These diets advocate for the consumption of healthy fats and proteins, and dry-packed scallops fit seamlessly into these meal plans. This trend is particularly prevalent in Western countries, where health-conscious eating habits are influencing food choices. As awareness of the health benefits of seafood continues to spread, dry-packed scallops are gaining popularity not only as a premium culinary product but also as a nutritious addition to various diets, further driving the market's expansion.

Growing Demand for Gourmet and Restaurant-Quality Seafood

The demand for gourmet and restaurant-quality seafood is another major factor driving the growth of the dry-packed scallops market. As culinary trends evolve and consumers seek more refined dining experiences, the preference for high-end, premium seafood has grown significantly. Dry-packed scallops, which are considered a delicacy due to their superior texture and flavor, are increasingly in demand among both professional chefs and home cooks who are looking to elevate their cooking. The growing popularity of food culture, particularly in developed countries, has created a niche market for premium ingredients like dry-packed scallops. The increasing number of fine dining restaurants, high-end seafood markets, and cooking enthusiasts has created a strong demand for premium seafood products that offer exceptional taste and quality. Dry-packed scallops, which are often regarded as more flavorful and tender compared to wet-packed or frozen varieties, fit perfectly into this growing market for upscale culinary experiences. In addition to fine dining, there is a significant rise in food tourism and luxury cruises, where seafood, especially dry-packed scallops, is a popular offering. Many consumers seek unique, high-end culinary experiences during their travels, which has further contributed to the demand for premium seafood. With the continued rise in global affluence and disposable income, the dry-packed scallops market is set to expand as more people seek to indulge in high-quality, gourmet seafood at both restaurants and in their own kitchens. 

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Key Market Challenges

High Cost of Production and Pricing Pressure

One of the major challenges facing the dry-packed scallops market is the high cost of production and the subsequent pricing pressure that affects both producers and consumers. Dry-packed scallops are typically more expensive to produce compared to wet-packed or frozen scallops, primarily due to the labor-intensive drying process and the need for specialized packaging and preservation methods. This increases the cost of the product, which can be a significant barrier for consumers, especially in price-sensitive markets. The drying process itself requires advanced technology and skilled labor to ensure that the scallops are not only dried properly but also retain their natural flavor and texture. Additionally, dry-packed scallops often need to be carefully handled and stored to maintain their quality, which further drives up operational costs. The need for proper storage and transportation conditions particularly to preserve freshness and prevent spoilage also adds another layer of expense for suppliers. For consumers, the premium pricing of dry-packed scallops might limit their affordability, which could reduce overall demand, especially in more price-conscious regions. Furthermore, with the rise of budget-friendly frozen or wet-packed alternatives, consumers may opt for more affordable options that do not carry the same perceived value as dry-packed scallops.

Supply Chain and Sustainability Issues

The dry-packed scallops market faces considerable challenges related to the sustainability and stability of its supply chain. Scallops are wild-caught, and overfishing and environmental degradation pose significant threats to the supply of scallops in various parts of the world. In regions where scallop populations are dwindling due to overfishing or climate change, the cost and availability of high-quality dry-packed scallops can be severely impacted. Sustainability is a significant concern for both producers and consumers, with increasing awareness about the environmental impact of unsustainable fishing practices. Many consumers prefer seafood that is certified by sustainability organizations like the Marine Stewardship Council (MSC) or those that adhere to best practices in sustainable fishing. However, not all dry-packed scallops are sourced from sustainable fisheries, which can limit consumer trust and lead to reputational damage for producers who do not prioritize eco-friendly practices. Additionally, supply chain issues related to the transportation of seafood can also create challenges in the dry-packed scallops market. Scallops are highly perishable and require careful handling, processing, and storage. If the supply chain is disrupted due to weather conditions, transportation delays, or other factors, the availability of dry-packed scallops can be reduced, leading to price increases or scarcity of the product. These challenges are compounded by the global nature of the seafood market, where dry-packed scallops may be sourced from regions that are far from the consumer markets, increasing the complexity of logistics. As consumer demand for sustainable products grows, producers must find ways to mitigate these supply chain challenges while ensuring they can meet sustainability expectations. This requires careful sourcing, monitoring of fishery practices, and investments in more resilient supply chain strategies.

Key Market Trends

Sustainability and Traceability in Seafood Sourcing

Sustainability continues to be a major trend in the dry-packed scallops market, driven by increasing consumer awareness about environmental impacts and the desire for ethically sourced products. As consumers demand more transparency, there is a shift toward sourcing seafood from certified sustainable fisheries. For dry-packed scallops, this trend is particularly relevant as these products are marketed as a cleaner, more natural option compared to their wet-packed or frozen counterparts, which may contain preservatives and additional liquids. The sustainability of seafood is increasingly important to a growing demographic of eco-conscious buyers who seek products with minimal environmental footprints. This trend is also linked to certification programs such as the Marine Stewardship Council (MSC) and other sustainability initiatives that ensure scallops are harvested using responsible fishing methods, minimizing overfishing and ecosystem damage. Traceability, where consumers can track the origin of their seafood, is becoming a key factor for consumers in premium markets, particularly in regions like Europe and North America. As sustainability becomes more mainstream, dry-packed scallops are positioned to benefit from this demand for ethically sourced, traceable seafood. This trend not only appeals to consumers but also helps producers differentiate their products in a competitive market, driving growth in the premium seafood sector.

Health-Conscious Eating and Clean Label Preferences

The rise of health-conscious eating is a prominent trend impacting the dry-packed scallops market. As consumers become more informed about the health benefits of various foods, seafood particularly shellfish like scallops has gained popularity due to its nutritional profile. Dry-packed scallops, known for being minimally processed with no preservatives, align well with the increasing demand for clean-label products. These products appeal to individuals seeking foods that are free from artificial additives, chemicals, and excess moisture. Scallops are naturally high in protein, low in fat, and rich in nutrients such as omega-3 fatty acids, B vitamins, and minerals like magnesium and potassium. These health benefits make them a favored choice for those following diets like keto, paleo, or Mediterranean, which emphasize lean proteins and heart-healthy fats. Dry-packed scallops are particularly attractive to this consumer segment because they are seen as a more natural and wholesome option compared to other seafood types that may undergo freezing or be treated with additives. This trend is further supported by growing concerns about food allergies, intolerances, and the desire for nutrient-dense foods that support overall wellness. As clean-label, minimally processed, and nutrient-rich products become the norm, dry-packed scallops are well-positioned to meet the evolving preferences of health-conscious consumers, contributing to market growth.

Advancements in Seafood Preservation and Packaging Technologies

Advancements in preservation and packaging technologies are significantly influencing the dry-packed scallops market. As demand for fresh, high-quality seafood increases, the need for efficient and innovative packaging solutions that preserve the flavor and texture of dry-packed scallops has grown. Modern techniques such as vacuum sealing, modified atmosphere packaging (MAP), and nitrogen flushing are being used to extend the shelf life of dry-packed scallops while maintaining their superior quality. These innovations help prevent moisture loss, oxidation, and contamination, allowing scallops to reach consumers in optimal condition. Additionally, these packaging technologies offer practical benefits for both producers and consumers. They reduce food waste by extending the product's shelf life without compromising its freshness. For consumers, the use of vacuum-sealed or modified atmosphere packaging provides a more convenient option, as it simplifies storage and transportation. This trend is helping to overcome challenges associated with the perishable nature of seafood, making dry-packed scallops more accessible and viable for a broader range of markets. In response to growing consumer preferences for sustainability and minimal environmental impact, there has also been an increased focus on developing eco-friendly packaging solutions. Biodegradable or recyclable materials are gaining traction in the seafood industry, addressing the rising demand for environmentally responsible products. As packaging technologies continue to evolve, the dry-packed scallops market will benefit from improved product preservation, extended distribution reach, and enhanced sustainability credentials, further solidifying the position of premium seafood in the marketplace.

Segmental Insights

Product Type Insights

Frozen scallops are the leading segment in the dry-packed scallops market, primarily due to their widespread availability, convenience, and longer shelf life. Frozen scallops are easy to store, transport, and maintain, making them highly popular among consumers and foodservice providers alike. They can be stored at low temperatures for extended periods, which helps preserve their freshness and flavor. This convenience and extended shelf life make frozen scallops a preferred option for both retailers and consumers who prioritize practicality. Additionally, frozen scallops are often more affordable than fresh or dry-packed alternatives, which makes them a go-to choice for budget-conscious consumers without compromising quality. They are also favored by restaurants, catering services, and seafood distributors who require a cost-effective option to supply large quantities of scallops without worrying about spoilage or waste. The frozen segment’s dominance is further supported by advancements in freezing technologies, which have improved the preservation of scallops’ texture, flavor, and nutritional profile. As freezing technology continues to evolve, the quality of frozen scallops is expected to improve, maintaining its lead in the market. While dry-packed scallops are considered a premium option, frozen scallops remain a highly preferred and reliable product for everyday consumers and industry professionals.

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Regional Insights

Asia Pacific is the largest market for dry-packed scallops, driven by the region’s strong seafood consumption culture and growing demand for high-quality, premium seafood products. Countries such as Japan, China, and South Korea are major consumers of scallops, with seafood being a central component of their diets. The increasing popularity of dry-packed scallops in these countries is fueled by their convenience, longer shelf life, and superior flavor, which appeals to both consumers and foodservice industries. In particular, Japan, known for its love of fresh and dried seafood, is a significant market for dry-packed scallops, which are used in various traditional dishes and high-end sushi. Additionally, China’s rapidly growing middle class is showing a rising preference for premium food products, including dry-packed scallops, as consumer tastes evolve towards healthier and more sustainable options. The demand for nutritious and minimally processed foods is also contributing to the growth of dry-packed scallops in the region. The Asia-Pacific region is also seeing increased adoption of sustainable sourcing practices, which is aligning with the global trend toward eco-conscious food consumption. This trend is being driven by both government regulations and consumer awareness about sustainable seafood. As the region's seafood market continues to expand, Asia-Pacific is expected to maintain its leadership in the dry-packed scallops market.

Key Market Players

• Northern Wind Seafood, LLC
• HK JEBN Limited
• PanaPesca USA Corporation
• Seacore Seafood Inc
• Robert Wholey Co.
• Ocean Spray Seafood, Inc.
• Stavis Seafoods
• Maruha Nichiro Corporation
• Mazzetta Company, LLC
• Young’s Seafood Limited

Report Scope:

In this report, the global Dry-Packed Scallops Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

•  Dry-Packed Scallops Market, By Product Type:

o   Frozen Scallops

o   Dehydrated Scallops

o   Pre-cooked Scallops         

•        Dry-Packed Scallops Market, By Distribution Channel:

o   Hypermarkets/Supermarkets

o   Specialist Stores

o   Online

o   Others

•         Dry-Packed Scallops Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  Germany

§  Spain

§  Italy

§  United Kingdom

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Kuwait

§  Egypt

o   South America

§  Brazil

§  Argentina

§  Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the global Dry-Packed Scallops Market.

Available Customizations:

Global Dry-Packed Scallops Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).