Canada's forecasted scallop production shows a consistent upward trend from 2024 to 2028, with an annual growth rate ranging between 3.9% and 3.4%. In 2023, the value stood at CAD 734,000, evidencing a solid industry growth trajectory. The compound annual growth rate (CAGR) over the five-year period reflects a robust 3.7%, indicating consistent expansion driven by increasing demand and sustainable harvesting practices.

Future trends to watch for include:

Evolving market preferences towards sustainable seafood.
Impacts of climate change on marine habitats affecting production.
Technological advancements in aquaculture methods enhancing yield and productivity.