The analysts forecast global dry-packed scallops market to grow at a CAGR of 4.07% during the period 2018-2022. One trend in the market is growing online sales.
The online sales of seafood are increasing, which include that of scallops as well. It has been observed that the online sales of seafood are high during holiday seasons.
Realizing this trend, manufacturers have started focusing on increasing their sales during such seasons. They offer a price reduction for various products to increase the sales.
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Major key players in the global dry-packed scallops market: Blue Harvest Fleet & Marine Services, HKJEBN, PanaPesca USA, SAM RUST SEAFOOD, and Seacore Seafood.
According to the dry-packed scallops market report, one driver in the market is increase in scallop cultivation. Owing to the rising demand for seafood, the seafood cultivation is increasing.
There has also been a rise in shellfish cultivation, which includes bivalve, mollusks, cockles, clams, mussels, oysters, pipis, and scallops, intended for human consumption. Regulatory authorities permit producing, storing, or processing of shellfish commercially, which include cultivating, harvesting or collecting shellfish, depuration and wet storing of shellfish, and cultivating spat, i.e., juvenile bivalve mollusks to be grown on.
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Further, the dry-packed scallops market report states that one challenge in the market is high price of scallops. The high price of scallops, owing primarily to the complex supply chain, is a challenging factor for the growth of the global dry-packed scallops market.
There is a high cost associated with each stage of the commercial production of scallops, starting from fishing, shucking, packaging, storage, and transportation. To cover the cost, sellers need to maintain high prices for dry-packed scallops.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?