About this market
The increasing popularity of poke bowls to drive growth in the market. With increasing busy lifestyles and preference for convenient and on the go food, this Hawaiian raw-food bowl delivers both in terms of health and convenience analysts have predicted that the Octopus market will register a CAGR of close to 3% by 2022.
Market Overview
High nutritional value of octopus meat
Octopus is a nutritious seafood. Its lean meat is rich in vitamins, minerals, and healthy fats.
Decrease in octopus landing leading to price hike
Octopus is becoming a popular cuisine; however, Octopus landings are registering a decline, which has widened the supply-demand gap in the global market.
For the detailed list of factors that will drive and challenge the growth of the Octopus market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Pescanova Hellas and Thai Union Group the competitive environment is quite intense. Factors such as the increasing popularity of poke bowls and the high nutritional value of octopus meat, will provide considerable growth opportunities to Octopus manufactures. Frigorificos de Camariñas, Galveston Shrimp Company, Joe Patti's Seafood Company, Pescanova Hellas, and Thai Union Group are some of the major companies covered in this report.