Octopus Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Octopus Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Food and Beverages | PPT format

Report Digest


Global Octopus Market: Overview 

The global octopus market has witnessed an exponential rise in its growth, on account of the rising awareness about the healthy food consumption across the globe. Octopus is highly consumed in Southern European countries such as Spain and Italy. However, the extensive supply of octopus also comes from the countries including Indonesia and Mexico. The growth rates of the common octopuses are relatively high and also they have a short life-cycle, which makes them suitable for commercial aquaculture. Rising demand for nutrition rich octopuses are fueling growth in the global octopus market. 

From the perspective of products, the global octopus market is bifurcated into fresh and processed. Among these two segments, the processed meat segment accounts for the maximum share in the market. This is because of the growing consumers’ inclination towards tasty and healthy food. The report sheds light on the key growth drivers, opportunities, current trends, and pitfalls in the global octopus market. Moreover, the report acts as a true guideline, exclusively for the major stakeholders in the global octopus market. 

Global Octopus Market: Notable Developments 

Some of the recent developments help in accelerating the growth of the global octopus market in a big way include: 

  • Several companies in the global octopus market are trying to achieve success in octopus farming. They are relying on numerous advanced techniques in order to create and stimulate environments which improve the octopuses’ viability through artificial incubation. 
  • European companies take an initiative in the processing of octopus meat in order to make the meat tastier and healthier. 

Some of the most prominent competitors operating in the competitive landscape of global octopus market include –

  • Galveston Shrimp Company
  • Thai Union Group
  • Pescanova Hellas
  • Joe Patti’s Seafood Company

Global Octopus Market: Key Growth Drivers 

A few key drivers responsible for influencing the growth of the global octopus market in a positive way include: 

Increasing Awareness Regarding High Nutritional Value of Octopus to Foster Growth 

Octopus meat is enriched with a wide range of essential nutrients. The lean meat of octopus is rich in minerals, vitamins, and healthy fats. Additionally, it is a good source of Omega-3 fatty acids and trace minerals. These extensive nutritional values of octopus meat are majorly propelling expansion in the global octopus market. Besides this, rising global awareness about health and increasing demand for octopus meat across the globe are also stimulating the growth of the global octopus market. In addition, the presence of high iron content in octopus meat aids in keeping human’s immune system healthy. Moreover, this mineral helps in brain development and also facilitates cell growth. Such health advantages associated with octopus meat are also responsible for the steadfast growth of the global octopus market. 

Growing Popularity of Octopus among Health-conscious People Boosts Market 

Rapidly evolving taste of millennium’s, combined with rising health concerns globally is leading to the rising popularity of octopus meat. However, as octopus is mainly consumed in the raw form, it has gained its maximum popularity as a crucial ingredient in poke bowls. These factors are gardening the growth of the global octopus market. Moreover, a popular trend of Hawaiian poke bowls is also gaining traction in the global octopus market. Furthermore, consumption of octopus meat helps in reducing the chances of heart attacks and strokes due to the presence of Omega-3 fatty acids. Therefore, rapidly rising popularity of octopus meat, especially among the health-conscious consumers is providing a major impetus to the growth of the global octopus market. 

Global Octopus Market: Regional Outlook 

On the regional front, APAC region showcases the highest share in the global octopus market as the region has witnessed increasing number of health-conscious people. Along with this, growing consumption of octopus meat in several emerging economics such as China and India is also responsible for fueling growth of the octopus market in this region. 

The segmentation of global octopus market is based on: 

Products 

  • Processed
  • Fresh

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?