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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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.
Octopus Market Report Snapshots
Octopus Market Regional Analysis
*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 3,76,451.0 tons in 2023.
The market is estimated to grow at a CAGR of 1.2% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 4,20,608.1 tons by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124