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    Krill Meal Market

    ID: MRFR/F-B & N/23148-HCR
    100 Pages
    Harshita Gorade
    October 2025

    Krill Meal Market Research Report By Product Type (Whole Krill Meal, De-oiled Krill Meal), By Application (Aquaculture Feed, Pet Food, Human Food Supplements), By Source (Antarctic Krill, Other Krill Species), By Form (Frozen, Dried, Pelletized) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2035.

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    Krill Meal Market Summary

    As per MRFR analysis, the Krill Meal Market Size was estimated at 0.309 USD Billion in 2024. The Krill Meal industry is projected to grow from 0.3461 in 2025 to 1.074 by 2035, exhibiting a compound annual growth rate (CAGR) of 11.99 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    <p>The Krill Meal Market is experiencing robust growth driven by sustainability and health trends.</p>

    • North America remains the largest market for krill meal, driven by increasing demand in aquaculture feed.
    • Asia-Pacific is the fastest-growing region, reflecting a rising interest in health and wellness products.
    • Whole krill meal dominates the market, while de-oiled krill meal is emerging as the fastest-growing segment.
    • The rising demand for sustainable protein sources and health benefits are key drivers propelling market expansion.

    Market Size & Forecast

    2024 Market Size 0.309 (USD Billion)
    2035 Market Size 1.074 (USD Billion)
    CAGR (2025 - 2035) 11.99%

    Major Players

    Aker BioMarine (NO), Kreyer Seafood (NO), Nutraceutical International Corporation (US), Enzymotec Ltd. (IL), Cargill, Incorporated (US), Omega Protein Corporation (US), Sustainable Fisheries UW (US), Nammex (US)

    Krill Meal Market Trends

    The Krill Meal Market is currently experiencing a notable transformation, driven by increasing awareness of the nutritional benefits associated with krill-derived products. This market is characterized by a growing demand for sustainable and eco-friendly protein sources, as consumers and industries alike seek alternatives to traditional animal feeds. The rising popularity of krill meal in aquaculture and pet food sectors reflects a shift towards more sustainable practices, as stakeholders recognize the potential of krill as a high-quality protein source rich in omega-3 fatty acids and antioxidants. Furthermore, the Krill Meal Market is likely to benefit from advancements in extraction and processing technologies, which may enhance product quality and availability. In addition to sustainability, the Krill Meal Market is influenced by evolving dietary preferences and health trends. As consumers become more health-conscious, there is a discernible shift towards functional foods that offer additional health benefits. This trend is likely to propel the demand for krill meal, as it is perceived as a superfood with potential advantages for heart health and overall well-being. Moreover, the increasing incorporation of krill meal into dietary supplements and health products suggests a broader acceptance of this ingredient in various food applications. Overall, the Krill Meal Market appears poised for growth, driven by a combination of sustainability, health consciousness, and technological advancements.

    Sustainability Focus

    The Krill Meal Market is increasingly influenced by a strong emphasis on sustainability. As consumers and businesses prioritize eco-friendly practices, the demand for krill meal as a sustainable protein source is likely to rise. This trend reflects a broader movement towards responsible sourcing and environmental stewardship.

    Health and Wellness Trends

    Growing health consciousness among consumers is shaping the Krill Meal Market. As individuals seek functional foods that contribute to overall well-being, krill meal is gaining traction due to its rich nutritional profile. This trend indicates a shift towards incorporating krill meal into various health products.

    Technological Advancements

    Innovations in extraction and processing technologies are expected to enhance the quality and availability of krill meal. These advancements may lead to improved product formulations and increased market penetration, thereby supporting the overall growth of the Krill Meal Market.

    The increasing demand for sustainable protein sources is driving interest in krill meal, which is recognized for its nutritional benefits and potential applications in aquaculture and animal feed.

    National Oceanic and Atmospheric Administration (NOAA)

    Krill Meal Market Drivers

    Health Benefits and Nutritional Value

    The Krill Meal Market is bolstered by the increasing awareness of health benefits associated with krill meal consumption. Rich in essential nutrients, including omega-3 fatty acids, antioxidants, and vitamins, krill meal is gaining traction among health-conscious consumers. Research indicates that omega-3 fatty acids play a crucial role in reducing inflammation and promoting heart health. As dietary supplements and functional foods gain popularity, krill meal is being incorporated into various products, enhancing their nutritional profiles. The market for dietary supplements is projected to expand, which may lead to a corresponding increase in the demand for krill meal. This trend highlights the potential of the Krill Meal Market to thrive amidst the growing focus on health and wellness.

    Regulatory Support for Sustainable Practices

    The Krill Meal Market is likely to benefit from increasing regulatory support for sustainable fishing practices. Governments and international organizations are placing greater emphasis on sustainable resource management to protect marine ecosystems. This regulatory environment encourages the adoption of responsible harvesting methods in the krill industry. Compliance with sustainability standards not only enhances the credibility of krill meal products but also appeals to environmentally conscious consumers. As regulations evolve, companies within the Krill Meal Market may find new opportunities for growth by aligning their practices with these standards. This trend suggests that the industry is moving towards a more sustainable future, which could enhance its market position and attract investment.

    Rising Demand for Sustainable Protein Sources

    The Krill Meal Market is experiencing a notable increase in demand for sustainable protein sources. As consumers become more environmentally conscious, they are seeking alternatives to traditional animal proteins. Krill meal, derived from small crustaceans, offers a sustainable option due to its low ecological footprint. The industry has seen a surge in interest from aquaculture and pet food sectors, where krill meal is valued for its high protein content and omega-3 fatty acids. Reports indicate that The Krill Meal is projected to grow significantly, which may further drive the demand for krill meal as a sustainable feed ingredient. This trend suggests that the Krill Meal Market is well-positioned to capitalize on the growing preference for eco-friendly protein sources.

    Expansion of Aquaculture and Pet Food Industries

    The Krill Meal Market is closely linked to the expansion of the aquaculture and pet food industries. As the global population continues to grow, the demand for seafood and high-quality pet food is on the rise. Krill meal serves as an excellent feed ingredient due to its rich nutrient profile, which supports the health and growth of aquatic species and pets. The aquaculture sector is projected to witness substantial growth, with estimates suggesting an increase in production levels. This growth may lead to a higher demand for krill meal as a sustainable feed option. Additionally, the pet food industry is increasingly incorporating krill meal into formulations, recognizing its benefits for pet health. This trend indicates a promising future for the Krill Meal Market as it aligns with the needs of these expanding sectors.

    Technological Innovations in Harvesting and Processing

    The Krill Meal Market is benefiting from advancements in harvesting and processing technologies. Innovations in sustainable fishing practices and processing methods are enhancing the efficiency and quality of krill meal production. For instance, new extraction techniques are being developed to maximize the retention of nutrients while minimizing waste. These technological improvements not only increase the yield of krill meal but also ensure that the product meets stringent quality standards. As the industry adapts to these advancements, it is likely to attract more investments and partnerships, further driving growth. The integration of technology in the Krill Meal Market may also lead to better traceability and transparency, which are increasingly demanded by consumers.

    Market Segment Insights

    By By Product Type: Whole Krill Meal (Largest) vs. De-oiled Krill Meal (Fastest-Growing)

    The Krill Meal Market exhibits a diverse product type segmentation, with Whole Krill Meal holding a significant share due to its versatile applications in aquaculture and pet food sectors. This segment caters to a broad consumer base, capitalizing on its nutrient-rich profile that appeals to health-conscious consumers and industries. Conversely, the De-oiled Krill Meal segment, while currently smaller in market share, is rapidly gaining traction, driven by increasing demand for protein-rich, low-fat alternatives in health supplements and feed applications.

    Whole Krill Meal: Dominant vs. De-oiled Krill Meal: Emerging

    Whole Krill Meal stands as a dominant segment in the Krill Meal Market, primarily attributed to its comprehensive nutritional profile, which includes omega-3 fatty acids, antioxidants, and essential amino acids. This product type is extensively utilized in aquaculture, rendering it essential for fish and livestock feed, and remains a favorite among pet food manufacturers due to its health benefits. On the other hand, De-oiled Krill Meal is emerging as a promising alternative, particularly in the health supplement industry, thanks to its concentrated protein content and reduced caloric intake. This segment appeals to consumers looking for specialized dietary supplements, positioning it for significant growth in a market influenced by rising health awareness and demand for functional foods.

    By By Application: Aquaculture Feed (Largest) vs. Pet Food (Fastest-Growing)

    In the krill meal market, the application segments display distinct characteristics, with aquaculture feed currently holding the largest share. This is primarily due to the growing demand for high-protein, nutritious feed alternatives for fish farming, which has seen significant developments in recent years. Pet food follows closely, benefitting from the rising trend of premium, health-focused products aimed at pet owners looking for quality nutrition for their animals. Human food supplements, while smaller in market share, are growing steadily as consumers increasingly seek out natural sources of essential nutrients.

    Aquaculture Feed (Dominant) vs. Pet Food (Emerging)

    Aquaculture feed remains the dominant player in the krill meal market, leveraging its high nutritional value and sustainability to cater to the booming aquaculture industry. The sector emphasizes the need for quality feed that supports the health and growth of fish. In contrast, the pet food segment is emerging rapidly, driven by the trend of pet humanization, where owners prioritize their pets' health and wellness. Brands are innovating to incorporate krill meal into premium pet food formulations, showcasing its omega-3 fatty acids and unique protein profile, which enhances the appeal for health-conscious pet owners.

    By By Source: Antarctic Krill (Largest) vs. Other Krill Species (Fastest-Growing)

    In the Krill Meal Market, Antarctic Krill holds a significant share, dominating the source segment due to its high nutritional value and widespread acceptance in various applications such as aquaculture and dietary supplements. Meanwhile, Other Krill Species, while currently smaller in market share, are gaining traction as alternatives as producers seek sustainable sourcing and diversification of products to meet the rising demand for krill meal alternatives. The growth of the Krill Meal Market is primarily driven by increasing consumer awareness of health benefits associated with krill meal, particularly its omega-3 fatty acids and antioxidants. Additionally, innovations in processing technologies and rising aquaculture production provide a favorable environment for Other Krill Species to emerge as competitive alternatives, making them the fastest-growing segment. The focus on sustainable fishing practices also boosts the appeal of Other Krill Species.

    Krill Species: Antarctic (Dominant) vs. Other (Emerging)

    Antarctic Krill is the dominant player in the Krill Meal Market, thanks to its superior nutritional profile and established applications in fish feed and health supplements. Known for its rich content of astaxanthin and omega-3 fatty acids, Antarctic Krill is favored by consumers and businesses seeking high-quality krill meal. On the other hand, Other Krill Species are emerging as viable alternatives, supported by the industry's shift towards sustainable practices and the need for diversification. These species, though currently less prevalent, promise to capture market interest with their potential nutritional benefits and environmental sustainability, appealing particularly to niche markets that prioritize eco-friendly sourcing and innovative product development.

    By By Form: Dried (Largest) vs. Frozen (Fastest-Growing)

    Within the Krill Meal Market, the segment distribution reveals that Dried krill meal holds the largest market share, indicating its predominant role in the industry due to its convenience and longer shelf life. Frozen krill meal, while currently smaller in share, is on a rapid growth trajectory as consumers increasingly favor fresh options that preserve nutritional quality. The growth trends for the Form segment are influenced by rising health trends favoring nutrient-rich superfoods. The demand for Frozen krill meal is particularly notable among health-conscious consumers and the pet food sector, driving manufacturers to innovate in this area. Additionally, the sustainability aspect of krill fishing enhances the appeal of both frozen and dried options, pushing their adoption in global markets.

    Dried (Dominant) vs. Frozen (Emerging)

    Dried krill meal is characterized by its long shelf life and ease of transportation, making it the dominant form in the market. Its rich nutritional profile makes it a preferred choice for marine animal feed and dietary supplements. In contrast, Frozen krill meal is emerging as a favorite among consumers seeking fresh and unprocessed options, retaining maximum nutritional value. The appeal of Frozen krill meal is growing in sectors such as human consumption and premium pet foods, where freshness is key to maintaining quality. As the market evolves, the competition between these two forms intensifies, pushing manufacturers to adapt and cater to diverse consumer preferences.

    Get more detailed insights about Krill Meal Market

    Regional Insights

    North America : Market Leader in Krill Meal

    North America is the largest market for krill meal, holding approximately 45% of the global share. The region's growth is driven by increasing demand for sustainable protein sources in aquaculture and pet food industries. Regulatory support for sustainable fishing practices further catalyzes market expansion. The U.S. leads in production, followed by Canada, with a growing focus on eco-friendly practices and certifications. The competitive landscape in North America features key players like Aker BioMarine and Omega Protein Corporation, which are at the forefront of innovation and sustainability. The presence of established companies ensures a robust supply chain and product availability. Additionally, the region benefits from advanced research institutions that contribute to product development and regulatory compliance, enhancing market growth prospects.

    Europe : Emerging Market for Sustainability

    Europe is witnessing significant growth in the krill meal market, accounting for approximately 30% of the global share. The demand is primarily driven by the increasing awareness of sustainable aquaculture practices and the health benefits of krill meal. Regulatory frameworks, such as the EU's Common Fisheries Policy, promote sustainable fishing, which is a key catalyst for market growth in the region. Leading countries in Europe include Norway and Germany, where companies like Kreyer Seafood are making strides in sustainable krill harvesting. The competitive landscape is characterized by a mix of established players and new entrants focusing on innovation and sustainability. The European market is also influenced by consumer preferences for natural and organic products, further driving the demand for krill meal.

    Asia-Pacific : Rapidly Growing Market Potential

    Asia-Pacific is an emerging powerhouse in the krill meal market, holding about 20% of the global share. The region's growth is fueled by rising aquaculture production and increasing health consciousness among consumers. Countries like China and Japan are leading the demand, driven by the need for high-quality protein sources in both aquaculture and human nutrition. Regulatory support for sustainable practices is also gaining traction, enhancing market prospects. The competitive landscape in Asia-Pacific is evolving, with local players and international companies vying for market share. Key players are increasingly focusing on product innovation and sustainability to meet the growing demand. The presence of established aquaculture industries in countries like Vietnam and Thailand further supports the market's growth, making it a key region for future investments in krill meal production.

    Middle East and Africa : Untapped Market Opportunities

    The Middle East and Africa represent an untapped market for krill meal, currently holding about 5% of the global share. The region's growth potential is driven by increasing interest in aquaculture and the need for sustainable protein sources. Regulatory frameworks are gradually evolving to support sustainable fishing practices, which could catalyze market growth in the coming years. Leading countries in this region include South Africa and Egypt, where there is a growing awareness of the benefits of krill meal in aquaculture. The competitive landscape is still developing, with few established players, presenting opportunities for new entrants. As the region's aquaculture sector expands, the demand for high-quality feed ingredients like krill meal is expected to rise, making it a promising market for investment and growth.

    Key Players and Competitive Insights

    The Krill Meal Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for sustainable protein sources and the growing awareness of the health benefits associated with krill meal. Key players such as Aker BioMarine (NO), Cargill, Incorporated (US), and Omega Protein Corporation (US) are at the forefront of this market, each adopting distinct strategies to enhance their market positioning. Aker BioMarine (NO) emphasizes innovation in product development, focusing on high-quality krill oil and meal products that cater to both human and animal nutrition. Meanwhile, Cargill, Incorporated (US) is leveraging its extensive supply chain capabilities to optimize production efficiency and expand its global reach, thereby enhancing its competitive edge. Omega Protein Corporation (US) appears to be concentrating on sustainability initiatives, aligning its operations with environmental standards to appeal to eco-conscious consumers.

    The business tactics employed by these companies reflect a concerted effort to localize manufacturing and optimize supply chains, which is crucial in a moderately fragmented market. This competitive structure allows for a diverse range of products and pricing strategies, enabling companies to cater to various consumer segments. The collective influence of these key players shapes the market dynamics, as they strive to balance innovation with operational efficiency.

    In August 2025, Aker BioMarine (NO) announced a strategic partnership with a leading aquaculture company to develop specialized krill meal formulations aimed at enhancing fish health and growth rates. This collaboration is significant as it not only expands Aker's product offerings but also reinforces its commitment to sustainability in aquaculture, potentially setting a new standard in the industry. Similarly, in July 2025, Cargill, Incorporated (US) launched a new line of krill meal products specifically designed for the pet food market, capitalizing on the growing trend of premium pet nutrition. This move indicates Cargill's strategic focus on diversifying its product portfolio and tapping into emerging market segments.

    In September 2025, Omega Protein Corporation (US) unveiled a new sustainability initiative aimed at reducing its carbon footprint across its production facilities. This initiative is likely to enhance Omega's brand reputation and appeal to environmentally conscious consumers, positioning the company favorably in a market increasingly driven by sustainability concerns. Furthermore, in June 2025, Nutraceutical International Corporation (US) expanded its distribution network in Asia, reflecting a strategic effort to penetrate new markets and increase its global footprint.

    As of October 2025, the competitive trends in the Krill Meal Market are increasingly defined by digitalization, sustainability, and the integration of advanced technologies such as AI in production processes. Strategic alliances among key players are shaping the landscape, fostering innovation and enhancing supply chain reliability. Looking ahead, it is anticipated that competitive differentiation will evolve, with a pronounced shift from price-based competition to a focus on innovation, technological advancements, and sustainable practices. This evolution underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive edge in the krill meal sector.

    Key Companies in the Krill Meal Market market include

    Industry Developments

    The Krill Meal Market is projected to grow from USD 0.25 billion in 2023 to USD 0.68 billion by 2032, exhibiting a CAGR of 11.99% during the forecast period. Rising demand for krill meal as a sustainable and nutritious feed ingredient in aquaculture, coupled with increasing awareness about its health benefits, is driving market growth.

    Additionally, the growing adoption of krill meal in pet food applications, owing to its high protein content and palatability, is contributing to market expansion.Recent news developments in the Krill Meal Market include:- In January 2023, Aker BioMarine announced plans to invest USD 100 million in expanding its krill harvesting and processing operations in Antarctica.- In March 2023, Neptune Krill Oil completed the acquisition of SeaDragon Marine Oils, a leading provider of krill oil ingredients.- In May 2023, the Norwegian Seafood Council launched a new marketing campaign to promote the sustainability and health benefits of krill meal.These developments indicate the growing importance and potential of the Krill Meal Market, driven by rising demand for sustainable and nutritious feed ingredients in aquaculture and pet food applications.

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    Future Outlook

    Krill Meal Market Future Outlook

    The Krill Meal Market is projected to grow at 11.99% CAGR from 2024 to 2035, driven by rising demand for sustainable protein sources and increasing aquaculture activities.

    New opportunities lie in:

    • Development of specialized krill meal formulations for aquaculture species.
    • Expansion into plant-based product lines incorporating krill meal.
    • Strategic partnerships with health supplement brands for innovative product offerings.

    By 2035, the Krill Meal Market is expected to solidify its position as a leading sustainable protein source.

    Market Segmentation

    Krill Meal Market Form Outlook

    • Frozen
    • Dried
    • Pelletized

    Krill Meal Market Source Outlook

    • Antarctic Krill
    • Other Krill Species

    Krill Meal Market Application Outlook

    • Aquaculture Feed
    • Pet Food
    • Human Food Supplements

    Krill Meal Market Product Type Outlook

    • Whole Krill Meal
    • De-oiled Krill Meal

    Report Scope

    MARKET SIZE 20240.309(USD Billion)
    MARKET SIZE 20250.3461(USD Billion)
    MARKET SIZE 20351.074(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)11.99% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesGrowing demand for sustainable protein sources drives innovation in the Krill Meal Market.
    Key Market DynamicsRising demand for sustainable protein sources drives innovation and competition in the krill meal market.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

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    FAQs

    What is the current valuation of the Krill Meal Market as of 2024?

    The Krill Meal Market was valued at 0.309 USD Billion in 2024.

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