Market Trends of Dry-Packaged Scallops Industry
This section covers the major market trends shaping the Dry Packaged Scallops Market according to our research experts:
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.
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.
