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    Krill Meal Market

    ID: MRFR/F-B & N/23148-HCR
    100 Pages
    Harshita Gorade
    September 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 2034.

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    Krill Meal Market Research Report — Global Forecast till 2034 Infographic
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    Summary Table of Contents Segmentation Infographic

    Krill Meal Market Summary

    The Global Krill Meal Market is projected to grow from 0.31 USD Billion in 2024 to 1.08 USD Billion by 2035, indicating robust growth potential.

    Key Market Trends & Highlights

    Krill Meal Key Trends and Highlights

    • The market is expected to expand significantly, with a projected value of 1.08 USD Billion by 2035.
    • From 2025 to 2035, the market is anticipated to grow at a compound annual growth rate (CAGR) of 11.97%.
    • In 2024, the market valuation stands at 0.31 USD Billion, highlighting its nascent stage.
    • Growing adoption of krill meal in aquaculture due to its nutritional benefits is a major market driver.

    Market Size & Forecast

    2024 Market Size 0.31 (USD Billion)
    2035 Market Size 1.08 (USD Billion)
    CAGR (2025-2035) 11.97%

    Major Players

    Aker BioMarine, Omega Protein, Rimfrost, Neptune Technologies Bioressources, Enzymotec, Nautika, Vital Aqua, KD Pharma Group, Ifremer, Brio Foods, Biogrundia, NorSea, Sirius Food, Superba

    Krill Meal Market Trends

    The Krill Meal Market is primarily driven toward noteworthy growth due to the increasing need for eco-friendly and nutritious animal feeds, especially in the aquaculture sector. The sustainability issues surrounding fishmeal and the increasing public awareness of the health benefits of krill meal add to the market growth.

    This market has further potential in the manufacture of new products which include the krill offerings in the forms of human dietary supplements as well as functional ingredients for food and beverage applications. Moreover, increasing the use of krill meal for pet food as well as animal feed is also an area with great prospects.

    The recent trend in this market is the growing use of krill meals in aquaculture feeds as a result of their nutritional value and environmentally friendly nature. In addition, technological advances in krill harvesting and processing are improving the quality and efficiency of products, thereby enhancing the growth prospects of the 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

    Rising Demand for Nutritional Supplements

    The Global Krill Meal Market Industry experiences a surge in demand for nutritional supplements, driven by increasing health consciousness among consumers. Krill meal is recognized for its high omega-3 fatty acid content, which is essential for heart health and cognitive function. As more individuals seek natural sources of nutrition, the market is projected to grow from 0.31 USD Billion in 2024 to 1.08 USD Billion by 2035. This growth reflects a compound annual growth rate (CAGR) of 11.97% from 2025 to 2035, indicating a robust trend towards incorporating krill meal into dietary supplements.

    Market Segment Insights

    Krill Meal Market Product Type Insights

    The Krill Meal Market is segmented by product type as whole krill meal and de-oiled krill meal, and it is expected that the whole krill meal segment will hold a larger share of the market during the forecast period. Moreover, the segment is also to account for the remarkable CAGR of 14.46%, while the de-oiled krill meal segment is to witness faster growth due to their rising use in the production of aquaculture feed and pet food.

    The key market driver is the increased demand for the analyzed product in the aquaculture sector, which is more eager to use sustainable and healthy feed options.Whole krill meal is a whole, dried, and ground krill consisting of a relatively large amount of protein, lipids, and minerals and is used as a feed for aquaculture and pet food, while de-oiled krill meal is a whole, dried krill, ground and processed to remove oil, therefore with higher protein content and typically used in high-protein feeds.

    The analyzed market is characterized by very high fragmentation, with a large number of small and medium-sized producers, and the top players include Aker BioMarine, Omega Protein, and Rimfrost. The companies are focusing on R to increase the quality and yield of their krill meal.With the increased demand by the large aquaculture sector to use sustainable and nutritious feeds, the market is to grow in the analyzed period.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Krill Meal Market Application Insights

    The Krill Meal Market segmentation by application includes Aquaculture Feed, Pet Food, and Human Food Supplements. Among these segments, Aquaculture Feed held the largest Krill Meal Market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of the Aquaculture Feed segment can be attributed to the increasing demand for fish and seafood, owing to the rising population and changing dietary preferences.

    Pet Food is another significant segment, driven by the growing pet ownership and premiumization of pet food products.Human Food Supplements are a niche segment but are expected to witness steady growth due to the increasing awareness of the health benefits associated with krill meal consumption.

    Krill Meal Market Source Insights

    The Krill Meal Market is segmented by source into Antarctic Krill and Other Krill Species. Antarctic Krill accounted for the largest share of the market in 2023, and it is projected to continue to dominate the market over the forecast period. The growth of the Antarctic Krill segment is attributed to the increasing demand for krill meal in the aquaculture industry. Krill meal is a rich source of protein, lipids, and minerals, which makes it an ideal feed ingredient for farmed fish.

    The other Krill Species segment is expected to witness a steady growth rate over the forecast period.The growth of this segment is attributed to the increasing awareness of the nutritional benefits of krill meal and its growing use in the pet food industry.

    Krill Meal Market Form Insights

    The Krill Meal Market segmentation by Form comprises Frozen, Dried, and Pelletized. The Pelletized segment is expected to register a CAGR of 11.99%, capturing a market size of USD 0.2 billion by 2032. The increasing demand for krill meal in the aquaculture industry, particularly as a high-protein feed ingredient for farmed fish, is propelling the growth of the Frozen, Dried, and Pelletized segments.

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    Regional Insights

    The Krill Meal Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to dominate the market in the coming years, owing to the increasing demand for krill meal in the aquaculture industry. The growing population and rising disposable income in the region are also contributing to the market growth. Europe is expected to be the second-largest market for krill meal, followed by North America.

    The market in South America and MEA is expected to grow at a significant pace in the coming years due to the increasing awareness of the benefits of krill meal in animal feed.

    Krill Meal Market Regional Insights

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Key Krill Meal Market players are constantly trying to develop new products and technologies that will allow them to stay afloat in a highly competitive market. Leading Krill Meal Market players are investing substantial sums of money in research and development in order to create the best possible product that will meet the requirements of the changing market. The most important factor that drives the Krill Meal Market development is the rising demand for building blocks of sustainable and nutritious meals as a Source and analysis of protein, and Omega 3 gives excellent properties to Kril.

    The Krill Meal Market Competitive Landscape will probably remain competitive for a long time due to the fact that the leading players will continue being consumed by the idea of innovation and the development of new products.

    Aker BioMarine is a Norwegian company that is currently one of the most important Krill Meal Market players. The company is also a global leader in terms of the production of krill meal and oil. Aker BioMarine is focused on the development of sustainable methods of fishing for krill, and the company's products find many applications in the food, feed and pharmaceutical industries. The Norwegian company operates in more than fifty countries and supplies its products to over three thousand clients. Aker BioMarine is one of the largest corporations that are focused on bio marine industry.

    Both the company’s products and services provided to its clients are of top quality.

    Another company that can be classified as an important Global Krill meat market player is Neptune Technologies Bioressources. The company’s headquarters are located in Quebec, Canada. It is a global leader in the production of krill oil and meal. As a global player, Neptune Technologies Bioressources focuses on innovativeness in terms of looking for the best available products by heavily investing in RD. The company operates in more than 50 countries worldwide.

    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.

    Future Outlook

    Krill Meal Market Future Outlook

    The Global Krill Meal Market is projected to grow at 11.97% CAGR from 2024 to 2035, driven by rising demand for sustainable protein sources and increasing aquaculture activities.

    New opportunities lie in:

    • Develop innovative krill meal formulations for pet food to capture emerging markets.
    • Invest in sustainable harvesting technologies to enhance supply chain efficiency.
    • Expand distribution channels in developing regions to increase market penetration.

    By 2035, the Krill Meal Market is expected to achieve substantial growth, solidifying its position as a key protein source.

    Market Segmentation

    Krill Meal Market Form Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Krill Meal Market Source Outlook

    • Frozen
    • Dried
    • Pelletized

    Krill Meal Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Krill Meal Market Application Outlook

    • Antarctic Krill
    • Other Krill Species

    Krill Meal Market Product Type Outlook

    • Aquaculture Feed
    • Pet Food
    • Human Food Supplements

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 0.31(USD Billion)
    Market Size 2025 0.35(USD Billion)
    Market Size 2034 0.96(USD Billion)
    Compound Annual Growth Rate (CAGR) 12.0% (2025 - 2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2025 - 2034
    Historical Data 2019 - 2022
    Market Forecast Units USD Billion
    Key Companies Profiled Enzymotec, Akerm, Nautika, Aker BioMarine, Vital Aqua, KD Pharma Group, Ifremer, Neptune Krill, Brio Foods, Biogrundia, NorSea, Omega Protein, Sirius Food, Superba, Rimfrost
    Segments Covered Product Type, Application, Source, Form, Regional
    Key Market Opportunities Increased demand for sustainable aquaculture feed Rising awareness of nutritional benefits of krill meal Growing popularity of pet food applications Expansion of krill harvesting and processing capabilities Government initiatives to promote sustainable fishing practices
    Key Market Dynamics 1 Growing demand for sustainable feed 2 Rising aquaculture industry 3 Increasing awareness of health benefits 4 Favorable regulatory framework 5 Technological advancements
    Countries Covered North America, Europe, APAC, South America, MEA

    FAQs

    What is the market size of the Krill Meal Market?

    The Krill Meal Market is projected to reach USD 0.96 billion by 2034, exhibiting a CAGR of 12.0% during the forecast period (2025-2034).

    Which region is expected to dominate the Krill Meal Market?

    The Asia-Pacific region is expected to dominate the Krill Meal Market over the forecast period, owing to the increasing demand for krill meal as a sustainable feed ingredient in the aquaculture industry in countries such as China, Japan, and South Korea.

    What are the key applications of Krill Meal?

    Krill Meal finds applications in the aquaculture industry as a source of protein, omega-3 fatty acids, and other essential nutrients for fish and shrimp feed. It is also used as a nutritional supplement in pet food and human food products.

    What are the key growth drivers of the Krill Meal Market?

    The rising demand for sustainable and nutritious feed ingredients in the aquaculture industry, the increasing awareness of the health benefits of krill oil, and government regulations promoting the use of sustainable feed sources are key growth drivers of the Krill Meal Market.

    Who are the key competitors in the Krill Meal Market?

    Key competitors in the Krill Meal Market include Aker BioMarine, Rimfrost, and Pesquera Coloso. These companies hold a significant market share and are focused on expanding their production capacities and distribution networks to meet the growing demand for krill meals.

    What is the impact of COVID-19 on the Krill Meal Market?

    The COVID-19 pandemic had a moderate impact on the Krill Meal Market. While the initial lockdowns and disruptions in global supply chains led to a temporary decline in demand, the market has since recovered and is expected to continue growing in the coming years.

    What are the challenges faced by the Krill Meal Market?

    Challenges faced by the Global Krill meat market include fluctuating raw material prices, concerns about the sustainability of krill harvesting, and competition from alternative feed ingredients such as fishmeal and soymeal.

    What are the opportunities for growth in the Krill Meal Market?

    Opportunities for growth in the Krill Meal Market include the increasing adoption of sustainable feed practices in the aquaculture industry, the growing demand for krill oil as a nutritional supplement, and the development of new technologies for krill harvesting and processing.

    What are the key trends in the Krill Meal Market?

    Key trends in the Krill Meal Market include the integration of advanced technologies such as IoT and AI in krill harvesting and processing, the development of new krill-based products such as protein isolates and hydrolysates, and the increasing focus on sustainability and traceability throughout the supply chain.

    What is the future outlook for the Krill Meal Market?

    The future outlook for the Krill Meal Market is positive. The growing demand for sustainable and nutritious feed ingredients, coupled with the increasing awareness of the health benefits of krill oil, is expected to drive market growth over the coming years.

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