Global Octopus Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

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Global Octopus Market Growth

As of March 2024, around 200 million tons of fish and seafood was produced annually across the globe. The low-fat and nutritious profile of octopus is increasing its consumption. Octopus is rich in iron, vitamin B12, and selenium which helps in maintaining the health of consumers.

The trend of trying out exotic food and cuisines is a major factor contributing to the market growth. Octopus is incorporated in a variety of dishes, including salads, stews, and grilling. In Europe, octopus is widely consumed in Italy, Spain, Portugal, Greece, and France. In addition to trading with one another, Spain and Portugal also supply octopuses to other countries in the EU, including Greece and Italy.

Figure: World Fisheries Production by Continent in 2020

Sustainable and ethical fishing practices are gaining popularity globally. Currently, there are two Marine Stewardship Council (MSC) certified octopus fisheries globally. These include Western Asturias Octopus Fishery in Spain, and the Western Australia Octopus Fishery in Australia.

Key Trends and Developments

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Octopus Market Trends

Octopus farming is becoming more and more popular in the aquaculture sector. The biological characteristics of the octopus are a major element influencing this interest. Octopuses, comparison to many other seafood, develop quickly and have brief lives—usually one to two years. Quicker turnaround times for producers result from this rapid growing cycle, which might eventually lead to more frequent harvests and a more consistent supply for the market. Octopuses are preferred for aquaculture innovation because of this quality, as well as their delectable flavor and rising consumer demand.

By catering to a variety of tastes and preferences, innovative product forms including frozen, brined, or salted octopus, as well as smoked octopus, can open up new market opportunities. Further, food certifications and quality regulations guarantee customers that the octopus they are purchasing has been handled and processed hygienically, reducing the danger of foodborne disease. Fisheries are also adopting sustainable methods and practices to preserve the long-term viability of octopus population.

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Octopus Industry Segmentation

Octopus Market Share

Based on product type, frozen products account for a significant share of the market

The growing popularity of ready–to–eat food due to rising sedentary lifestyles is supporting the demand for frozen octopus and octopus-based products. The frozen octopuses are mostly sourced from Morocco, Mauritania, and Indonesia in Europe.

Additionally, octopuses can be frozen for 24 months, allowing for longer storage while preserving the octopus's fresh taste.

To reduce the growing pressure on fresh wild octopuses, the companies are focusing on commercial-farmed octopuses. These farms primarily centre on the common octopus (Octopus vulgaris), with initiatives underway in Europe (particularly Spain), the United States, Mexico, and Japan.

Based on distribution channels, direct sales channels lead the global octopus market

Direct sales of octopus typically involve purchasing the octopus directly from fishermen, seafood markets, or specialized seafood suppliers.

Indirect channels of distribution for octopuses involve intermediaries between the producers and consumers. This includes wholesalers, retailers, food service establishments, online platforms, exporters, and importers. Further, the Marine Stewardship Council and FAO Guidelines for the ecolabelling of fish and fishery products are aiding the demand for environmentally sustainable and clean label products.

Octopus Market Leaders

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.

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Octopus Market Report Snapshots

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