Market Overview:
The global octopus market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The processed octopus segment is expected to dominate the market in terms of value, while the fresh octopus segment is projected to grow at a higher CAGR during the forecast period. In terms of application, supermarkets and hypermarkets are estimated to account for the majority share in 2018 and this trend is projected to continue throughout the forecast period. However, convenience stores are anticipated to register highest growth rate among all applications during the forecast period. Regionally, North America dominates the global octopus market followed by Europe and Asia Pacific respectively.
Product Definition:
A cephalopod of the genus Octopus, typically having eight arms and a flexible body.
The octopus is a marine invertebrate that lives in coral reefs and seagrass beds. They are important predators in these ecosystems, feeding on crabs, lobsters, fish and other octopuses.
Processed Octopus:
Processed octopus is the latest food trend that has been gaining popularity among consumers. Octopuses are widely consumed in Europe, especially in Spain and France due to their rich seafood tradition. The processed octopus market is expected to witness significant growth over the forecast period owing to increasing demand for healthy and fresh seafood products across the globe.
The growing awareness about sustainability among consumers has been driving fish sales around the world, with no signs of slowing down.
Fresh Octopus:
Fresh octopus is the edible part of Octopus. It consists of two parts namely, head and body. The fresh octopus has a short lifespan compared to that of other seafood; it lives for about 3 to 4 days. Fresh octopuses are available throughout the year in contrast to frozen or canned ones which are only available during winter season.
The demand for fresh octopuses is increasing globally owing to its unique taste.
Application Insights:
The supermarkets and hypermarkets segment accounted for the largest share of over 50.0% in 2017. The growing trend of consumption of octopus as a food product, which is widely consumed in various cuisines across the world, including Japanese, Chinese, Thai and Vietnamese cuisine among others to name a few is expected to drive the demand from this application segment over the forecast period.
Octopus plays an important role in several cultures as it is seen as a symbol of rebirth & regeneration and also represents intelligence & wisdom among other things thus making it an ideal ingredient for marketing campaigns by brands trying to associate their products with these meanings. For instance; Tostitos Mexican Grill (a U.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its lead over the forecast period owing to increasing seafood consumption and changing consumer preferences for seafood products. China, Indonesia, Thailand, Vietnam, and India are some of the largest consumers of octopus in Asia Pacific. Increasing disposable income levels coupled with growing awareness regarding nutritional diet among young population is projected to further fuel demand for processed octopus over the forecast period.
North America accounted for a significant share of revenue in 2017 due to high demand from restaurants and food chains as well as fresh fish markets across U.S., Canada, and Mexico cities including Los Angeles; New York; Chicago; Miami; Seattle; Toronto; San Francisco Bay Area (California); Dallas-Fort Worth Metroplex (Texas); Washington DC metro area.; Montreal ;and Seattle).
Growth Factors:
- Increasing demand for seafood: The global population is growing and with it, the demand for seafood. Octopus is a popular seafood choice due to its taste and nutritional value, making it a lucrative market opportunity.
- Rising popularity of octopus dishes: As people become more familiar with octopus as a food item, they are increasingly seeking out recipes and restaurants that serve this delicacy. This provides opportunities for chefs and restaurateurs to capitalize on the trend by featuring octopus dishes on their menus.
- Innovative cooking methods: Chefs are getting more creative in their use of octopus, incorporating it into new and interesting dishes that appeal to diners’ palates. This helps to keep the dish fresh and exciting, driving consumer interest in octopus cuisine overall.
Scope Of The Report
Report Attributes
Report Details
Report Title
Octopus Market Research Report
By Type
Processed Octopus, Fresh Octopus
By Application
Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailers
By Companies
Frigorificos de Camarinas, Galveston Shrimp Company, Pescanova Hellas, Thai Union Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Octopus Market Report Segments:
The global Octopus market is segmented on the basis of:
Types
Processed Octopus, Fresh Octopus
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Frigorificos de Camarinas
- Galveston Shrimp Company
- Pescanova Hellas
- Thai Union Group
Highlights of The Octopus Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Processed Octopus
- Fresh Octopus
- By Application:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Retailers
- Online Retailers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Octopus Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Octopus is a cephalopod mollusk that has eight arms and two tentacles.
Some of the major companies in the octopus market are Frigorificos de Camarinas, Galveston Shrimp Company, Pescanova Hellas, Thai Union Group.
The octopus market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Octopus Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Octopus Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Octopus Market - Supply Chain
4.5. Global Octopus Market Forecast
4.5.1. Octopus Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Octopus Market Size (000 Units) and Y-o-Y Growth
4.5.3. Octopus Market Absolute $ Opportunity
5. Global Octopus Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Octopus Market Size and Volume Forecast by Type
5.3.1. Processed Octopus
5.3.2. Fresh Octopus
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Octopus Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Octopus Market Size and Volume Forecast by Application
6.3.1. Supermarkets and Hypermarkets
6.3.2. Convenience Stores
6.3.3. Specialist Retailers
6.3.4. Online Retailers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Octopus Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Octopus Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Octopus Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Octopus Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Octopus Demand Share Forecast, 2019-2026
9. North America Octopus Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Octopus Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Octopus Market Size and Volume Forecast by Application
9.4.1. Supermarkets and Hypermarkets
9.4.2. Convenience Stores
9.4.3. Specialist Retailers
9.4.4. Online Retailers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Octopus Market Size and Volume Forecast by Type
9.7.1. Processed Octopus
9.7.2. Fresh Octopus
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Octopus Demand Share Forecast, 2019-2026
10. Latin America Octopus Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Octopus Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Octopus Market Size and Volume Forecast by Application
10.4.1. Supermarkets and Hypermarkets
10.4.2. Convenience Stores
10.4.3. Specialist Retailers
10.4.4. Online Retailers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Octopus Market Size and Volume Forecast by Type
10.7.1. Processed Octopus
10.7.2. Fresh Octopus
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Octopus Demand Share Forecast, 2019-2026
11. Europe Octopus Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Octopus Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Octopus Market Size and Volume Forecast by Application
11.4.1. Supermarkets and Hypermarkets
11.4.2. Convenience Stores
11.4.3. Specialist Retailers
11.4.4. Online Retailers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Octopus Market Size and Volume Forecast by Type
11.7.1. Processed Octopus
11.7.2. Fresh Octopus
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysi
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Octopus Demand Share, 2019-2026
12. Asia Pacific Octopus Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Octopus Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Octopus Market Size and Volume Forecast by Application
12.4.1. Supermarkets and Hypermarkets
12.4.2. Convenience Stores
12.4.3. Specialist Retailers
12.4.4. Online Retailers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Octopus Market Size and Volume Forecast by Type
12.7.1. Processed Octopus
12.7.2. Fresh Octopus
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Octopus Demand Share, 2019-2026
13. Middle East & Africa Octopus Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Octopus Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Octopus Market Size and Volume Forecast by Application
13.4.1. Supermarkets and Hypermarkets
13.4.2. Convenience Stores
13.4.3. Specialist Retailers
13.4.4. Online Retailers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Octopus Market Size and Volume Forecast by Type
13.7.1. Processed Octopus
13.7.2. Fresh Octopus
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Octopus Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Octopus Market: Market Share Analysis
14.2. Octopus Distributors and Customers
14.3. Octopus Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Frigorificos de Camarinas
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Galveston Shrimp Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pescanova Hellas
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thai Union Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook