Global Octopus Market 2018-2022
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. Technavio’s analysts have predicted that the Octopus market will register a CAGR of close to 3% by 2022.
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.
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."
Technavio Announces the Publication of its Research Report – Global Octopus Market 2018-2022
Technavio recognizes the following companies as the key players in the global Octopus market: Frigorificos de Camariñas, Galveston Shrimp Company, Joe Patti's Seafood Company, Pescanova Hellas, and Thai Union Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing popularity of poke bowls.”
According to the report, one of the major drivers for this market is the high nutritional value of octopus meat.
Further, the report states that one of the major factors hindering the growth of this market is the decrease in octopus landing leading to price hike."
Frigorificos de Camariñas
Galveston Shrimp Company
Joe Patti's Seafood Company
and Thai Union Group"
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