Dried Scallops

Global Dried Scallops Market to Reach US$378.4 Million by 2030

The global market for Dried Scallops estimated at US$306.5 Million in the year 2023, is expected to reach US$378.4 Million by 2030, growing at a CAGR of 3.1% over the analysis period 2023-2030. Individual End-Use, one of the segments analyzed in the report, is expected to record a 3.1% CAGR and reach US$271.0 Million by the end of the analysis period. Growth in the Commercial End-Use segment is estimated at 2.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$80.6 Million While China is Forecast to Grow at 3.0% CAGR

The Dried Scallops market in the U.S. is estimated at US$80.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$61.0 Million by the year 2030 trailing a CAGR of 3.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.9% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Dried Scallops Market - Key Trends and Drivers Summarized

What Are the Unique Attributes of Dried Scallops That Drive Market Demand?

Dried scallops, also known as "conpoy," are a premium seafood product prized for their rich umami flavor and long shelf life. They are widely used in East Asian cuisines, particularly in Chinese, Japanese, and Korean dishes, where they are often added to soups, stews, and sauces to impart a deep, savory flavor. The drying process intensifies the scallop`s natural taste and preserves the seafood, making it a popular ingredient in both everyday meals and gourmet dishes. Dried scallops are available in various sizes, with larger scallops typically commanding higher prices due to their superior flavor and texture. As a luxury food item, they are commonly used in festive or special occasion meals, especially during cultural celebrations like the Lunar New Year.

How Are Changing Consumer Preferences Impacting the Dried Scallops Market?

The global demand for dried scallops is rising in part due to evolving consumer preferences toward premium, gourmet foods, and health-conscious diets. Dried scallops are low in fat, high in protein, and rich in essential nutrients like omega-3 fatty acids, making them an attractive option for consumers seeking nutritious yet indulgent food choices. As more consumers gravitate toward foods with perceived health benefits, the nutritional profile of dried scallops has positioned them as a key player in the high-end seafood market. The market has also seen increased interest in sustainable seafood options, and many suppliers of dried scallops are responding by offering sustainably harvested products, further aligning with the growing demand for ethical and eco-conscious food sources.

How Are Technological and Distribution Advancements Shaping the Market?

Technological advancements in drying and preservation techniques have helped improve the quality and shelf life of dried scallops, making them more accessible to a global audience. Innovations such as vacuum drying and freeze-drying processes ensure that the scallops retain their nutritional content and flavor while extending their marketability beyond local or regional markets. E-commerce platforms have also played a pivotal role in expanding the global reach of dried scallops, allowing consumers to access a wider variety of options from different countries. With the rise of online grocery shopping and gourmet food delivery services, dried scallops have become more readily available to a broader range of consumers, increasing market penetration.

What Factors Are Driving the Growth in the Dried Scallops Market?

The growth in the dried scallops market is driven by several factors, including the rising demand for gourmet and premium seafood products, particularly in Asia-Pacific markets. The increasing awareness of the health benefits associated with seafood consumption, such as high protein and omega-3 content, is also a key driver. The expansion of e-commerce and digital platforms has improved access to dried scallops, allowing consumers worldwide to explore and purchase these products more easily. Additionally, innovations in drying and packaging technologies have enhanced the quality and shelf life of dried scallops, making them more appealing to international markets. Sustainable seafood practices and certifications are gaining importance, further boosting demand for ethically sourced dried scallops.

Select Competitors (Total 36 Featured) -

• Chung Chou City, Inc.
• Daiichi Co., Ltd.
• Golden Sea Inc.
• Gyoren Hokko
• Hannaford Supermarkets
• Hk Jebn Limited
• Hsu`s Ginseng Ent., Inc.
• Japacle LLC
• Lund`s Fisheries, Inc.
• Nestlady Inc.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.