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Report Overview
The global octopus market attained a volume of 376451.00 Tons in 2024. The market is estimated to grow at a CAGR of 1.20% during 2025-2034 to reach a volume of 424144.25 Tons by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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As of March 2024, 350,000-500,000 tons/year of octopuses are harvested globally for human consumption. These belong to around 20-100 different species of octopods.
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Countries such as Japan, South Korea, and Mediterranean countries consume a significant number of octopuses due to their culinary delicacies.
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Since octopuses in Europe are excluded from quota regulations under the Common Fisheries Policy and EU Member States, it is widely harvested across the EU waters.
Octopus Market Analysis by Region
The Asia Pacific leads the market, due to increased consumption of sea food in the region
The Asia Pacific dominates the octopus market with China as a key regional player. China is a significant producer and consumer of octopus globally. In 2020, global octopus landings amounted to 377,818 tonnes, with China accounting for around 27.8%.
During H1 2023, Japan imported 20 837 tonnes of octopus, a rise of 15.6% compared to the same period in 2022. The largest suppliers were Mauritania (6 679 tonnes), China (5 005 tonnes), and Vietnam (3 920 tonnes).
Within Europe, Spain is a major market for the common octopus (Octopus vulgaris) and the species is an important part of the traditional diet. It is also a significant player in the global trade of octopus products, exporting to most parts of the world.
The most widely found octopus species in Portugal are the common octopus and Octopus Vulgaris. The country mostly catches octopuses using fishing gear like octopus pots and Portuguese traps.
Octopus Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a volume of 376451.00 Tons. in 2024.
The market is estimated to grow at a CAGR of 1.20% during 2025-2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a volume of 424144.25 Tons by 2034.
The different types are fresh, frozen, and others (smocked, dried, or salted).
The key regional markets for octopuses are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Direct and indirect are the two types of distribution channels in the market.
The factors driving the growth of the market are increasing octopus farming, rising trend of consumption of exotic foods, the presence of significant safety and quality standards, and increasing awareness of the health benefits of octopus consumption.
The key players in the market include Frigorificos De Camarinas S.L., Mackay Reef Fish Supplies Pty Ltd., Amigo Sea Food Co., Siam Canadian Foods Co. Ltd., and Nueva Pescanova, S.L., among others.
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