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U.S. Crustacean market is highly fragmented with presence of large number of product harvesters, processors, farmers, fisheries and distributors. The market witnessed huge potential during the period of 2015-2019. Surge in production capacity appears as key strategy to gain competitive advantage in the market.
For instance, In August 2018, Pacific Seafood officially re-opened Pacific Seafood’s new Warrenton plant during a ceremony celebrating the vibrant coastal fishing community. In addition, the Seatrade International Co. has increased its foothold by increasing capacity through acquisition of a 66,000 sq. foot scallop processing facility held in Massachusetts.
Other key players operating in the industry ecosystem include