The average price of sea scallops in the United States in 2019 was 9.41 U.S. dollars per pound. This was a decrease from around 12 U.S. dollars per pound in 2016.
Global seafood market The global demand for seafood is on the rise. In 2018 the seafood market worldwide was valued at 129.7 billion U.S. dollars, and is projected to increase to 155.3 billion U.S. dollars by 2023. The country with the highest value of fish and fishery product exports in 2019 was the European Union, followed by China in fish exports.
Seafood consumption Between 2014 and 2019 the average annual per capita consumption of seafood worldwide amounted to around 20 kilograms per year. In the United States, per capita consumption of fish and shellfish was about 16 pounds, or 7.3 kilograms per year, much less than the global average. American consumers seem to prefer meat, eggs, and dairy products when it comes to choosing a protein source. Only about 29 percent of Americans eat seafood, compared to 78 percent who eat meat.
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Price for Frozen Scallops, Including Queen Scallop in the United States - 2023. Find the latest marketing data on the IndexBox platform.
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The global dry packed scallop market, exhibiting a Compound Annual Growth Rate (CAGR) of 4.16%, presents a compelling investment opportunity. While the precise market size for 2025 (the base year) isn't provided, we can estimate it based on the CAGR and readily available information on seafood market trends. Considering the increasing demand for convenient, shelf-stable seafood options and the growing popularity of scallops in various cuisines globally, the market is expected to experience robust growth over the forecast period (2025-2033). Key drivers include rising consumer disposable incomes in developing economies, increasing health consciousness leading to a preference for lean protein sources, and the expanding food service sector, particularly restaurants offering upscale seafood dishes. Furthermore, innovative packaging technologies enhancing product shelf life and maintaining quality contribute significantly to market expansion. However, factors like fluctuating scallop supply due to environmental factors and potential price volatility pose challenges to consistent growth. Segment analysis reveals significant variations across production, consumption, and import/export volumes. While precise regional breakdowns are lacking, North America and Europe are likely to maintain substantial market shares, reflecting established seafood consumption patterns and strong distribution networks. Asia-Pacific, with its burgeoning middle class and evolving culinary preferences, is expected to exhibit significant growth potential in the coming years. The price trend analysis would reveal fluctuations influenced by factors such as harvest yields, global demand, and currency exchange rates, impacting overall market dynamics and profitability. Competitive landscape analysis including company profiles would shed light on the strategies employed by key players, revealing areas for future market penetration and innovation. The study period covering 2019-2033 provides a comprehensive overview of past performance and future projections, allowing for informed decision-making in this dynamic market. Notable trends are: Growing Demand for Molluscan Shellfish Aquaculture.
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The global frozen scallop market exhibits robust growth, driven by increasing consumer demand for convenient and high-quality seafood options. The market's expansion is fueled by several key factors, including the rising popularity of seafood in diverse cuisines worldwide, the convenience of frozen scallops for both home cooking and food service applications, and the growing preference for sustainable and ethically sourced seafood. The frozen scallop market is segmented by type (frozen female scallops, which command a premium price due to their superior texture, and frozen male scallops) and application (online and offline sales, with online sales experiencing accelerated growth due to e-commerce penetration and home delivery services). Major players in the market, such as Clear Ocean Seafood, Wanchese, Amity Fish Company, Greenfish, and Macduff, are constantly innovating to meet evolving consumer preferences, focusing on product quality, traceability, and packaging solutions. Regional variations exist, with North America and Europe representing significant market shares, while the Asia-Pacific region demonstrates substantial growth potential due to increasing disposable incomes and changing dietary habits. While challenges such as fluctuating raw material prices and stringent regulatory compliance exist, the overall outlook for the frozen scallop market remains positive, projecting continued growth throughout the forecast period (2025-2033). Assuming a moderate CAGR of 5% and a 2025 market size of $1 billion, the market is expected to experience steady growth, expanding into diverse applications and geographical regions. The increasing focus on sustainable fishing practices and supply chain transparency are key aspects influencing market dynamics. The competition within the industry remains dynamic, with major players focusing on differentiating their products through quality, brand building, and effective distribution strategies. This necessitates a strategic approach toward optimizing production, sourcing, and marketing to secure a robust market presence. The segmentation by gender indicates a clear differentiation in pricing and target customer base, allowing for specialized marketing and supply chain management. The blend of online and offline sales channels underscores the need for a multifaceted distribution strategy that leverages both traditional retail and the rapidly expanding online marketplace.
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The global frozen scallop market is experiencing robust growth, driven by increasing consumer demand for convenient, high-quality seafood options. The market, valued at approximately $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors. The rising popularity of sushi, seafood entrees in restaurants, and frozen convenience foods is a major driver. Furthermore, the expanding global middle class, particularly in Asia-Pacific, is increasing the purchasing power and demand for premium seafood products like scallops. The market is segmented by scallop type (female and male) and sales channel (online and offline). While offline sales currently dominate, online channels are gaining traction, reflecting the growing adoption of e-commerce in the food sector. The frozen nature of the product extends shelf life and facilitates efficient distribution, contributing significantly to market expansion. However, challenges such as price fluctuations due to variations in harvest yields and increasing concerns about sustainable fishing practices act as restraints. Key players like Clear Ocean Seafood, Wanchese, and Amity Fish Company are focusing on innovation in packaging, sourcing, and product diversification to navigate these challenges and capitalize on market opportunities. The regional breakdown reveals strong performance across North America and Europe, with these regions anticipated to maintain significant market shares throughout the forecast period. The Asia-Pacific region is also expected to demonstrate substantial growth, driven by rising consumption and economic development within countries like China and Japan. Competition is moderately concentrated, with established players and emerging brands vying for market share through branding, product quality, and distribution network expansion. Looking ahead, the frozen scallop market is poised for continuous expansion, with opportunities emerging through the development of innovative products, eco-friendly sourcing initiatives, and the further penetration of online sales channels. Successful companies will need to adapt to consumer preferences for sustainable seafood and meet the increasing demands of a dynamic global market.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 9.27(USD Billion) |
MARKET SIZE 2024 | 9.61(USD Billion) |
MARKET SIZE 2032 | 12.9(USD Billion) |
SEGMENTS COVERED | Type ,Culture Method ,Processing Type ,Market Channel ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising demand for scallops Technological advancements Growing awareness of the health benefits of scallops Expansion of the aquaculture industry Fluctuating prices of wild scallops |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Jingzhou Hongxiang Aquatic Product Co. Ltd. ,Direct Seafoods Ltd. ,King Scallop Corp ,Dalian Haibao Seafood Co. Ltd. ,Xianju County Jiangnan Seafood Co. Ltd. ,Xinghua Golden Coast Aquaculture Development Co. Ltd. ,South Island Shellfish Ltd. ,Zhangzhou Haisheng Marine Development Co. Ltd. ,Otaqo Seafarming Ltd. ,Huanghai Marine Ranch ,Taiyo Oyster Co. Ltd. ,Cherrystone Aqua Farms, Inc. ,MNF Co. Ltd. ,Miyagi Prefecture Fisheries Technology Services Center |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Increasing consumer demand for sustainable seafood Growing popularity of aquaculture in coastal and inland areas Technological advancements in scallop farming techniques Exploration of new scallop species for commercial production Expansion into emerging markets with high seafood consumption |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.74% (2025 - 2032) |
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The global frozen scallop market is experiencing robust growth, driven by increasing consumer demand for convenient and readily available seafood options. The market's value, while not explicitly stated, can be reasonably estimated based on typical market sizes for similar frozen seafood products and considering a plausible CAGR. Assuming a moderate CAGR of 5% (a common growth rate for established food markets) and a 2025 market value within the range of $2-3 billion (a conservative estimate for a significant seafood category), the market is projected to exhibit steady expansion through 2033. Key drivers include the rising popularity of seafood in diverse cuisines globally, the convenience offered by frozen products for both consumers and foodservice establishments, and the increasing availability of sustainably sourced scallops. Furthermore, advancements in freezing technologies that preserve the quality and taste of scallops contribute to market growth. However, the market faces certain restraints. Price fluctuations due to seasonal availability and variations in catch volumes can impact profitability. Competition from substitute seafood products and concerns regarding sustainable fishing practices also present challenges. Market segmentation, while not detailed, likely includes variations in scallop size and type, as well as differences in packaging and distribution channels. Major players like Clear Ocean Seafood, Wanchese, Amity Fish Company, Greenfish, and Macduff are key contributors to the market's supply, competing based on factors such as quality, price, and sustainability certifications. Regional variations in consumption patterns and access to seafood also influence market dynamics. Understanding these factors is crucial for companies seeking to successfully navigate the complex and dynamic frozen scallop market.
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As per Cognitive Market Research's latest published report, the Global Dried Scallop market size was $274.51 Million in 2022 and it is forecasted to reach $364.61 Million by 2030. Dried Scallop Industry's Compound Annual Growth Rate will be 4.61% from 2023 to 2030. Factors Impacting on Dried Scallop Market
Increasing awareness regarding the health benefits of scallops and preference for seafood is the key factor expected to drive the growth of the dried scallop market. Furthermore, an increasing number of retail stores including supermarkets and hypermarkets creates lucrative opportunities for the global dried scallop market. However, increasing end-product prices to maintain their profit margins, which is expected to hamper the growth of the dried scallop market. What are Scallops?
Scallops are known as one of the healthiest seafood, which is scallop is made up of the adductor muscle of scallops. The dried scallop is rich in umami owing to the high content of various free amino acids, such as glycine, alanine, and glutamic acid. In addition, these are rich in nucleic acids such as inosinic acid, amino acid byproducts such as taurine, and minerals, such as calcium and zinc.
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Price for Frozen Scallops, Including Queen Scallop in France - 2023. Find the latest marketing data on the IndexBox platform.
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The global dry packaged scallop market is anticipated to expand at a CAGR of 5.71% during the forecast period, reaching a value of 2.12 billion by 2033. Growth in the market is primarily driven by the increasing demand for seafood in general and scallops in particular, due to their nutritional value and unique flavor. Rising disposable income and urbanization are contributing to the growing consumption of seafood. The demand for packaged seafood is also increasing due to its convenience, extended shelf life, and hygiene factor. The dry packaged scallop market is segmented based on end use, distribution channel, packaging type, and product type. The food service segment is expected to hold the largest share of the market, due to the growing number of restaurants and hotels offering seafood dishes. The retail segment is also expected to grow steadily, due to the increasing availability of packaged seafood in supermarkets and hypermarkets. In terms of packaging type, vacuum packaged scallops are expected to dominate the market, due to their ability to preserve freshness and flavor. Frozen scallops are also expected to gain popularity, due to their long shelf life and convenience. The key players in the dry packaged scallop market include Ocean Spray, Stavis Seafoods, Maruha Nichiro, Mazzetta Company, Blue Harvest Fisheries, Young's Seafood, Wild Edibles, Pacific Seafood, Seafood Source, Franklin Foods, Holly Marine, American Seafoods, Sasum Seafood, New England Seafood, and High Liner Foods. The dry packaged scallop market is projected to reach USD 1.2 billion by 2028, exhibiting a CAGR of 5.6% during the forecast period. The market growth is primarily driven by the increasing demand for sustainable seafood and the growing popularity of premium seafood products among consumers. Dry packaged scallops offer a longer shelf life and convenience compared to fresh scallops, making them a preferred choice for distribution and storage. Recent developments include: Recent developments in the Dry Packaged Scallop Market have been shaped by several key players, including Ocean Spray, Stavis Seafoods, and Maruha Nichiro, who are all actively enhancing their product offerings and market strategies. There has been a notable increase in demand for high-quality dry packaged scallops, particularly in premium markets, driven by growing consumer interest in sustainable seafood. Companies like Mazzetta Company and Blue Harvest Fisheries are focusing on expansion through innovative sourcing processes, contributing to improved market valuations. Recent acquisitions, particularly involving Young's Seafood and Wild Edibles, reflect a trend toward consolidation in the industry, strengthening their supply chains and market reach. Premium players like Pacific Seafood and Franklin Foods are also expanding their portfolio and geographic reach to capitalize on market growth. Market valuation growth is being bolstered by an increase in export opportunities and enhanced distribution networks, impacting overall market dynamics positively. Additionally, High Liner Foods has reported strategic alignments to meet rising consumer preferences for seafood, influencing market activities.. Key drivers for this market are: Rising health consciousness, Increasing gourmet food demand; Expansion of online retail; Sustainable sourcing initiatives; Growth in seafood exports. Potential restraints include: rising consumer demand, health consciousness trends; sustainability concerns; evolving culinary trends; competitive pricing strategies.
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Price for Frozen Scallops, Including Queen Scallop in Serbia - 2023. Find the latest marketing data on the IndexBox platform.
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The Bangladeshi market for frozen, dried, salted or smoked scallops, including queen scallop dropped to $33K in 2024, which is down by -7.1% against the previous year. Overall, consumption, however, enjoyed a significant expansion. Consumption of peaked at $56K in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.
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The global scallop extract market is experiencing robust growth, driven by increasing demand across diverse applications, particularly in the food and health products sectors. The market's expansion is fueled by several factors: the rising popularity of functional foods and dietary supplements enriched with natural ingredients, the growing awareness of the health benefits associated with scallop extract (e.g., its rich phospholipid and omega-3 fatty acid content), and the increasing incorporation of scallop extract into various food and beverage products to enhance flavor and nutritional value. This upward trajectory is expected to continue over the forecast period (2025-2033), with a projected Compound Annual Growth Rate (CAGR) of, for example, 7%. While precise market sizing data is unavailable, a reasonable estimation, considering industry averages and the growth projections, places the 2025 market value at approximately $500 million. This figure is likely influenced by the significant contributions of North America and Asia Pacific, regions known for high seafood consumption and a growing wellness-focused consumer base. Competition in the market is moderate, with key players including Creative Enzymes, Kakusan Foods, Nikken Foods, Givaudan, and Marudai Foods contributing to market dynamism through product innovation and expansion. However, the market is also subject to certain constraints. Scallop extract production is inherently limited by the availability of scallops themselves, creating potential supply chain vulnerabilities and price fluctuations. Sustainability concerns related to scallop harvesting and processing also present challenges for the industry, demanding the implementation of responsible sourcing and production practices. Nevertheless, the overall growth outlook for the scallop extract market remains positive, with opportunities for expansion into new applications and geographic markets. Further research and development into enhancing the extraction and processing methods for improved yield and efficacy will be crucial for sustaining market growth and addressing the aforementioned challenges. The dominance of plasmalogens and scallop powder within the product types segment, coupled with a rising preference for natural and functional ingredients, creates a strong foundation for future expansion.
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Price for Frozen Scallops, Including Queen Scallop in Brazil - 2023. Find the latest marketing data on the IndexBox platform.
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Thailand Avg Wholesale Price: Radiated Scallop data was reported at 120.000 THB/kg in 18 May 2025. This stayed constant from the previous number of 120.000 THB/kg for 17 May 2025. Thailand Avg Wholesale Price: Radiated Scallop data is updated daily, averaging 120.000 THB/kg from Jan 2005 (Median) to 18 May 2025, with 6915 observations. The data reached an all-time high of 160.000 THB/kg in 06 Apr 2015 and a record low of 95.000 THB/kg in 11 May 2022. Thailand Avg Wholesale Price: Radiated Scallop data remains active status in CEIC and is reported by Fish Marketing Organization. The data is categorized under Global Database’s Thailand – Table TH.P: Average Wholesale Fish Price.
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Price for Frozen Scallops, Including Queen Scallop in Hungary - 2023. Find the latest marketing data on the IndexBox platform.
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The global molluscs market exhibits robust growth, driven by increasing consumer demand for seafood, particularly in developed economies. The market, valued at approximately $15 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of $23 billion by 2033. This growth is fueled by several key factors: the rising popularity of molluscs as a healthy and sustainable protein source, increasing aquaculture production to meet this demand, and the diversification of product forms beyond traditional fresh markets, including frozen and canned options. Significant growth is observed across various segments, including oysters (Crassostrea), Manila clams (Ruditapes Philippinarum), and scallops, each contributing to the overall market expansion. The Asia-Pacific region is expected to remain a dominant player, driven by high consumption and production in countries like China and Japan. However, growth in North America and Europe is also anticipated, driven by changing consumer preferences and the availability of diverse mollusc products. Market restraints include fluctuating seafood prices influenced by environmental factors, regulatory hurdles in aquaculture practices, and potential challenges related to food safety and traceability. Nevertheless, innovative aquaculture technologies are addressing some of these issues, improving efficiency and sustainability. The increasing focus on sustainable aquaculture practices will play a crucial role in driving long-term market growth, ensuring the responsible sourcing of molluscs and maintaining consumer trust. Key players like Maruha Nichiro Corporation, Nireus Aquaculture S.A., and Cooke Aquaculture Inc. are strategically positioning themselves to capitalize on this growing demand, through investments in technology and expansion of their product portfolios. Future market development will heavily rely on addressing sustainability concerns, innovation in processing and packaging, and catering to the evolving preferences of health-conscious consumers.
Based on professional technical analysis and AI models, deliver precise price‑prediction data for Scallop on 2025-08-12. Includes multi‑scenario analysis (bullish, baseline, bearish), risk assessment, technical‑indicator insights and market‑trend forecasts to help investors make informed trading decisions and craft sound investment strategies.
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The global organic shellfish market is experiencing robust growth, projected to reach $1378.8 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 6.5% from 2025 to 2033. This expansion is driven by increasing consumer demand for sustainable and healthy seafood options. The rising awareness of the environmental and health benefits associated with organic aquaculture practices is a significant factor contributing to market growth. Consumers are increasingly seeking out products with certifications guaranteeing sustainable sourcing and minimal environmental impact, fueling the demand for organic shellfish. Furthermore, the growing popularity of shellfish in diverse culinary applications, across restaurants, hotels, and food processing industries, is further bolstering market expansion. The market is segmented by shellfish type (mussels, scallops, oysters, clams, and others) and application (restaurants, hotels, food processors, and others), providing diverse avenues for growth. Key players are strategically investing in sustainable farming practices and expanding their product portfolios to meet the rising demand. Geographical expansion, particularly in regions with high seafood consumption and growing awareness of organic food, also presents significant opportunities for market expansion. The regional distribution of the organic shellfish market is expected to reflect existing consumption patterns, with North America and Europe holding substantial market shares. However, Asia-Pacific is anticipated to showcase considerable growth potential, driven by rising disposable incomes and increasing adoption of Western dietary habits. While challenges such as fluctuating raw material prices and stringent regulatory requirements exist, the overall market outlook remains positive, with continued growth expected throughout the forecast period. The focus on sustainability, traceability, and product quality will be crucial for market players to maintain competitiveness and capture a larger share of this expanding market.
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For the fifth consecutive year, the Serbian market for frozen, dried, salted or smoked scallops, including queen scallop recorded growth in sales value, which increased by 0.1% to $54K in 2024. Overall, consumption enjoyed a temperate expansion. Consumption of peaked in 2024 and is likely to see gradual growth in the immediate term.
The average price of sea scallops in the United States in 2019 was 9.41 U.S. dollars per pound. This was a decrease from around 12 U.S. dollars per pound in 2016.
Global seafood market The global demand for seafood is on the rise. In 2018 the seafood market worldwide was valued at 129.7 billion U.S. dollars, and is projected to increase to 155.3 billion U.S. dollars by 2023. The country with the highest value of fish and fishery product exports in 2019 was the European Union, followed by China in fish exports.
Seafood consumption Between 2014 and 2019 the average annual per capita consumption of seafood worldwide amounted to around 20 kilograms per year. In the United States, per capita consumption of fish and shellfish was about 16 pounds, or 7.3 kilograms per year, much less than the global average. American consumers seem to prefer meat, eggs, and dairy products when it comes to choosing a protein source. Only about 29 percent of Americans eat seafood, compared to 78 percent who eat meat.