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, 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.