Wilmington, Delaware, April 14, 2025 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Krill Meal Market -Global Opportunity Analysis and Industry Forecast, 2024-2035″, valued at US$208.4 million in 2023. With a projected CAGR of 6.0% from 2024 to 2035, the market is expected to reach US$416.5 million by the end of 2035. The growing demand for clean-label food products and natural flavor enhancers is propelling the growth of the krill meal industry.
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Market Introduction:
The krill meal market is expanding steadily due to rising demand from the pet food, animal feed, and aquaculture sectors. Antarctic krill (Euphausia superba) is the source of krill meal, a powdered product valued for its high protein content, omega-3 fatty acids (EPA & DHA), and astaxanthin. It is an excellent feed component that improves fish and animal development, immunity, and feed conversion efficiency.
Sustainability initiatives to control krill harvesting, led by the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR), and guarantee ethical fishing methods are among the market’s major advancements. Companies such as Aker BioMarine and Rimfrost AS are investing in environmentally friendly krill harvesting and innovative processing technologies to increase product quality and availability.
The aquaculture sectors in China, India, and Indonesia are driving the market’s dominance in Asia-Pacific, while the demand for high-end pet food and livestock nutrition is rising in North America and Europe. Long-term growth is ensured by ongoing sustainability initiatives and technological developments that continue to influence market trends.
Report Overview:
The krill meal market is segmented on the basis of source, application, form, and region. Depending on the source, the market is classified into Antarctic krill and North Pacific krill. By application, it is segregated into aquafeed, animal feed, pharmaceuticals & nutraceuticals, and dietary supplements. Depending on the form, it is segregated into powder and pellets.
Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, South Africa, Saudi Arabia, and rest of LAMEA).
- By source, the Antarctic krill segment dominated the global krill meal market in 2023 and is anticipated to maintain its dominance during the forecast period.
- By application, the aquafeed segment dominated the global krill meal market in 2023, due to its high nutritional value, digestibility, and functional benefits for farmed fish and shrimp.
- By form, the powder segment dominated the global krill meal market in 2023 and is anticipated to maintain its dominance during the forecast period.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2024–2035 |
| Base Year | 2023 |
| Market Size in 2023 | $208.4 million |
| Market Size in 2035 | … |