Octopus Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Octopus Market - Snapshot
Consumed heavily in various parts of southern Europe as well as Asia Pacific, products in the global octopus market are available in two types, namely fresh octopus as well as process octopus. Majority of the supply of octopus meat in the global octopus market is sourced from Mexico and Indonesia. Featuring high growth rate and short life cycle, octopuses are observed to be incredibly suitable for commercial aquaculture. Rising projects in marine and fresh water aquaculture are supplementing the growth in global octopus market in coming years.
Some of the major producers in the global octopus market include Japan as well as China, whereas some of the leading conusmers and importers of products in the global octopus market include Spain, Italy, and the United States. Rising demand for exotic meat products as well as increase in the disposable income in various developed as well as developing economies is stimulating the growth in global octopus market. Furthermore, rising aquaculture farming of octopuses in certain areas is also supplementing the growth of the global octopus market.
Products in the global octopus market feature a variety of essential nutrients, including various essential fatty acids, Omega 3, and contains traces of beneficial minerals. Furthermore, relatively higher iron content in the octopus meat also assists consumers in maintaining a healthy immunity system. This trend is also favoring the growth in the global octopus market. Moreover, nutrients offered by consuming octopus meat are also believed to aid patients’ fight various chronic and severe diseases. They can prevent heart attacks and help patients suffering from stroke.
Moreover, products in the global octopus market offer more health benefits such as accelerating brain development as well as the cell growth. These products are also used in various cuisines across the world, most notably Mediterranean, Mexican, and Spanish food.
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:
Some of the most prominent competitors operating in the competitive landscape of global octopus market include –
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:
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