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Global Octopus Market Share, Size, Growth, Analysis, Trends, Forecast: By Product Type: Fresh, Processed, Others; By Distribution Channel: Direct, Indirect; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Octopus Market Outlook
The global octopus market is expected to grow at a CAGR of 1.20% between 2023 and 2028. Major market drivers are innovative preparation ideas, adventurous eating by millennials, and rising awareness of health benefits of octopus.
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Key Trends in the Market
Octopus is a creature with a soft oval shaped body and eight tentacles or arms and is usually found at the bottom of a sea. They are considered to be rich in minerals and vitamins and low in fat which make them suitable as a protein source especially for those managing their weight. The beak and ink sac (if present) of the octopus are avoided while cooking and serving it as a food.
- The rising trend of trying out exotic food and cuisines is a major factor fuelling the growth of the global octopus market in regions where its consumption is uncommon. With the increasing prevalence of social media, consumers are becoming more open to trying out new types of food.
- Increasing demand for nutritious and low-fat food is another key trend contributing to the rapid growth of the market, as such foods help prevent lifestyle related health issues. Octopus is rich in zinc, various amino acids, vitamin B and selenium which helps consumers stay fit and healthy in the long run.
- Coastal communities around Western Indian Ocean region consider octopus fishing as an important resource and in various other coastal regions they dominate small scale fishing businesses. It is a traditional food at some places, and they consume different parts of the octopus.
Market Analysis
Based on product type, the octopus market can be divided into fresh and processed, among other types. By distribution channel, the market is bifurcated into direct and indirect. On the basis of region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global octopus market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Pescanova Hellas EPE
- Frigorificos De Camarinas S.L.
- Siam Canadian Foods Co. Ltd.
- Tulip Group Inc.
- Mackay Reef Fish Pty Ltd.
- Amigo Sea Food Co.
- Others
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Market Share by Product Type
Usually, fresh food items are considered better than processed food items but in the case of octopus, processed types hold a larger share in the octopus market than the fresh product types. Processing the octopus can include cooking, canning, freezing, packaging, or changing the composition of the product by preparing it in different ways. Freezing an octopus doesn’t deteriorate the moisture of the product but it does break down the fibres present inside the octopus which makes it tender and also easier to cook.
Moreover, processing allows to extend the shelf life of the octopus thus making it capable of being shipped to longer distances without deteriorating the texture, nutritious content, and flavour of the food.
Market Share by Region
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North America is expected to account for a sizable share in the octopus market due to rising popularity and demand for nutritious sea foods in the region. Octopus is considered to be a ready-to-cook food and thus, is trending among people owing to the ease of its preparation and its taste. Further, online sales have risen rapidly along with well established distribution channels which is a major factor fuelling the growth of the market.
Europe is also expected to observe a significant growth in the market due to rising heart diseases in the region as seafood consumption helps in reducing the risk of heart diseases. Healthy snacking in Europe is trending and is compelling manufacturers to expand the market especially with octopus snacks. Consumers in Europe are also more open to try unusual foods and meats, supporting the growth of the market in the region.
Competitive Landscape
Siam Canadian Foods Co. Ltd. is a food and beverage manufacturing company which specialises in frozen seafood products. They focus on supplying the best quality and freshest food products and also on becoming a highly efficient, active, and user-friendly channel for the consumers. It has its headquarter in Bangkok, Thailand and was founded in the year 1987.
Mackay Reef Fish Pty Ltd. was established in 1986 and is headquartered in Queensland, Australia. It is a seafood company consisting of processors, retailers, fishermen, and wholesalers who manufacture and market sea foods such as prawns, crustaceans, and fish. They are a wholesale distributor and distribute fresh and cured or frozen sea food and fish.
Amigo Seafood Co. was established in 1998 and is headquartered in Kerala, India. It is in the food trading business and involved in the exporting, manufacturing, and supplying of frozen sea foods including shrimps, deep sea shrimps, various other variety of shrimp, cuttle fish whole and cleared, tuna and ribbon fish, squid whole and cleaned, and octopus, among others.
Other market players include Pescanova Hellas EPE, Frigorificos De Camarinas S.L., and Tulip Group Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Octopus Market Analysis
8.1 Key Industry Highlights
8.2 Global Octopus Historical Market (2018-2022)
8.3 Global Octopus Market Forecast (2023-2028)
8.4 Global Octopus Market by Product Type
8.4.1 Fresh
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Processed
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Octopus Market by Distribution Channel
8.5.1 Direct
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Indirect
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Octopus Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Octopus Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Octopus Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Octopus Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Octopus Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Octopus Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code- 160555)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Pescanova Hellas EPE
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Frigorificos De Camarinas S.L.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Siam Canadian Foods Co. Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Tulip Group Inc
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Mackay Reef Fish Pty Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Amigo Sea Food Co.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Octopus Market: Key Industry Highlights, 2018 and 2028
2. Global Octopus Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Octopus Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Octopus Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
5. Global Octopus Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
6. Global Octopus Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Octopus Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Octopus Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Octopus Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Octopus Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Octopus Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Octopus Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Octopus Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Octopus Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Octopus Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Octopus Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Octopus Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Octopus Market Structure
Key Questions Answered in the Report
The global market for octopus is expected to grow at a CAGR of 1.20% between 2023 and 2028.
The major market drivers include innovative preparation ideas as food, adventurous eating by millennials, rising prevalence of obesity and nutrient deficiency.
The key trends of the market are rising trend of trying out exotic food, increasing preference for healthy seafood, and development of extended supply chains connecting coastal communities.
Key market players include Pescanova Hellas EPE, Frigorificos De Camarinas S.L., Siam Canadian Foods Co. Ltd., Tulip Group Inc., Mackay Reef Fish Pty Ltd., and Amigo Sea Food Co., among others.
Octopus is an oval shaped animal with eight tentacles and a soft body that lives in the sea.
Octopus is a protein source rich in minerals and vitamins and low in fat, consumption of which can help manage weight.
The global octopus market is segmented based on product type, distribution channel, and region.
The ink sac (if present) and beak of an octopus are not consumed and are removed during preparation of food.
The distribution channels for octopus are direct or indirect.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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