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Octopus Market Report and Forecast 2024-2032

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    Report

  • 158 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5926297
Global Octopus Market Report and Forecast 2024-2032

Market Outlook

According to the report the global octopus market is projected to grow at a CAGR of 1.20% between 2024 and 2032 to reach a value of about USD 9.85 billion by 2032. Aided by the escalating demand for seafood delicacies and the growing applications of octopus in gastronomy, the market is expected to grow significantly by 2032.

Octopus, a marine cephalopod, is renowned for its distinct taste and texture, becoming a staple ingredient in numerous global cuisines. Besides its gastronomic appeal, octopuses are revered for their health benefits, being rich in essential nutrients such as omega-3 fatty acids, antioxidants, vitamin B-12, and trace minerals. Beyond the culinary world, octopus ink and other derivatives have found applications in various industries, ranging from fashion to pharmaceuticals.

The mounting consumer affinity for seafood, driven by an understanding of its health advantages, is propelling the global octopus market growth. As global palates diversify and the allure of exotic foods grows, there has been a discernible tilt towards marine products like octopus. With increasing globalisation, dishes such as Spanish 'pulpo a la gallega' or Japanese 'takoyaki' have transcended their native boundaries, amplifying the demand for octopus worldwide.

Additionally, the world of haute cuisine has displayed a fondness for octopus, with numerous chefs embracing its unique texture and flavour to curate gourmet dishes. This octopus market trend is not just confined to upscale restaurants; even street food vendors in various parts of the world are experimenting with octopus-based preparations, further popularising this marine delicacy.

Outside the gastronomic sphere, octopus derivatives, especially its ink, have been traditionally used in several industries. In the fashion realm, octopus ink has been harnessed as a natural dye for fabrics, contributing to sustainable fashion practices. Meanwhile, the pharmaceutical industry is researching the potential medicinal properties of octopus ink and tissue, speculating its utility in pain management and neurodegenerative disorders.

Furthermore, the surge in sustainable fishing practices and aquaculture initiatives focused on octopus farming is expected to bolster the octopus market demand. As concerns regarding overfishing and marine ecosystem preservation intensify, these measures ensure a steady supply without depleting natural resources.

Market Segmentation

The market can be divided based on product type, distribution channel, and region.

Market Breakup by Product Type

  • Fresh
  • Processed
  • Others

Market Breakup by Distribution Channel

  • Direct
  • Indirect

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global octopus market. Some of the major players explored in the report are as follows:
  • Pescanova Hellas EPE
  • Frigorificos De Camarinas S.L.
  • Siam Canadian Foods Co. Ltd.
  • Tulip Group Inc
  • Mackay Reef Fish Pty Ltd.
  • Amigo Sea Food Co.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Octopus Market Analysis
8.1 Key Industry Highlights
8.2 Global Octopus Historical Market (2018-2023)
8.3 Global Octopus Market Forecast (2024-2032)
8.4 Global Octopus Market by Product Type
8.4.1 Fresh
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Processed
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Octopus Market by Distribution Channel
8.5.1 Direct
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Indirect
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Octopus Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Octopus Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Octopus Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Octopus Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Octopus Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Octopus Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code- 160555)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Pescanova Hellas EPE
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Frigorificos De Camarinas S.L.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Siam Canadian Foods Co. Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Tulip Group Inc
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Mackay Reef Fish Pty Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Amigo Sea Food Co.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Octopus Market: Key Industry Highlights, 2018 and 2032
2. Global Octopus Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Octopus Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Octopus Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5. Global Octopus Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6. Global Octopus Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Octopus Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Octopus Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Octopus Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Octopus Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Octopus Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Octopus Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Octopus Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Octopus Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Octopus Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Octopus Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Octopus Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value19. Major Importing Countries by Value20. Major Exporting Countries by Volume21. Major Importing Countries by Volume22. North America Historical Price Trends and Forecast 2018-202823. Europe Historical Price Trends and Forecast 2018-202824. Asia Pacific Historical Price Trends and Forecast 2018-202825. Latin America Historical Price Trends and Forecast 2018-202826. Middle East and Africa Historical Price Trends and Forecast 2018-202827. Global Octopus Market Structure

Companies Mentioned

  • Pescanova Hellas EPE
  • Frigorificos De Camarinas S.L.
  • Siam Canadian Foods Co. Ltd.
  • Tulip Group Inc
  • Mackay Reef Fish Pty Ltd.
  • Amigo Sea Food Co.

Methodology

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