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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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
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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