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 : August, 2021 | Food and Beverages

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

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?