In 2023, India led the global cephalopods non-food uses market with 85.0 thousand metric tons, followed by Chile at 58.8 thousand metric tons. Thailand and Yemen demonstrated upward trends with year-on-year variations of 5.44% and 6.58%, respectively. Conversely, Oman and Iceland saw decreases of -8.97% and -18.18%. The compound annual growth rate over the past five years suggests notable market volatility, highlighting India's strong growth, while Oman's decline suggests potential market challenges.
Looking ahead, factors to monitor include technological advancements in non-food applications, environmental regulations impacting cephalopod accessibility, and country-specific sustainability initiatives — all potentially reshaping the market dynamics.
Top countries in Cephalopods Non-food Uses by Country
| # | 6 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 85 | 2023 | +4.94% | +5.84% | View data |
| 2 | 2 Chile | 58.8 | 2023 | +1.91% | +2.29% | View data |
| 3 | 3 Thailand | 16.24 | 2023 | +5.45% | +5.44% | View data |
| 4 | 4 Yemen | 4.95 | 2023 | +5.54% | +6.58% | View data |
| 5 | 5 Oman | 1.5 | 2023 | -6.25% | -8.97% | View data |
| 6 | 6 Iceland | 0.55 | 2023 | -27.63% | -18.18% | View data |
