Krill Meal Powder Market Size

The Krill Meal Powder Market reached US$ 450.1 million in 2023 and is forecast to grow to about US$ 706.6 million by 2031, registering a CAGR of approximately 5.8% over 2024-2031.

Krill meal powder is increasingly valued for its unique nutritional profile—rich in omega-3 fatty acids (EPA & DHA), phospholipids, astaxanthin, and protein. Applications span aquaculture, animal feed, pet food, dietary supplements, and human food products. The growth is being driven by rising health consciousness, sustainability concerns, and demand for premium feed ingredients.

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Market Drivers

• Health & Nutritional Awareness
  Consumers are becoming more aware of the benefits of omega-3’s, astaxanthin, antioxidants, and marine-derived proteins. Krill meal powder’s high bioavailability and beneficial fatty acid profile make it attractive for supplements, functional foods, and pet nutrition.
• Growth in Aquaculture & Animal Feed
  The aquaculture industry requires high-quality feed ingredients to improve growth, immunity and product quality (color, texture, health). Krill meal powder is increasingly used in fish and shrimp diets for those purposes.
• Sustainability & Eco-Friendly Sourcing
  Concerns about overfishing, marine ecosystem impacts, and carbon footprint are pushing both producers and consumers toward sustainably harvested krill with certifications. Companies innovating in selective harvesting and processing get better market acceptance.
• Regulatory Approvals & Product Innovation
  Regulatory clearances (e.g. for krill use in certain animal feeds) improve market access. Also, innovation in product forms powder, functional blends, enriched ingredients—helps drive market expansion.

Market Restraints / Challenges

• Cost vs Alternatives
  Krill meal tends to be more expensive compared to traditional protein sources (fish meal, soy) or other omega-3 sources. This price premium can limit adoption in price-sensitive markets.
• Sustainability & Regulation Concerns
  Overharvesting risks, environmental concerns, and strict regulatory oversight (e.g. by CCAMLR for Antarctic krill) present compliance costs and risk of supply constraints.
• Supply Chain & Processing Complexity
  The processes for harvesting, drying, processing krill, and preserving its bioactive components (omega-3, astaxanthin etc.) are technically challenging and must be tightly controlled. Disruptions (weather, regulation) might affect supply.

Market Segmentation

The market can be segmented in multiple ways:

Geographical Insights

• North America holds a significant share, owing to high awareness, strong regulatory systems, demand in aquaculture, pet food, supplements, plus consumer willingness to pay for premium ingredients.
• Asia-Pacific is expected to be one of the fastest growing regions. Growth in aquaculture industries, rising disposable incomes, increasing market for dietary supplements and health foods contribute strongly.
• Latin America, Middle East & Africa (LAMEA) are emerging markets. Although currently smaller, these regions are showing higher CAGRs in some reports, driven by increasing animal feed demand, pet care growth, and expanding health consciousness.
• Europe also remains an important market, especially due to regulatory scrutiny, sustainability focus, and demand for quality supplements and premium aquaculture feed.

Forecast & Market Size

• In 2023, the market was about US$ 450.1 million.
• By 2031, expected to reach about US$ 706.6 million, with CAGR ~5.8%.
• Another report (Allied Market Research) puts it at US$ 208.4 million in 2023, growing to US$ 416.5 million by 2035, at a CAGR of ~6.0%.

Key Players:

Some of the major companies / brands active in the krill meal / krill powder market are:

• Aker BioMarine
• Shandong Luhua Group Co. Ltd.
• Orkla Group
• Daesang Corporation
• TripleNine Group
• Neptune Krill
• Other players: BioMar Group A/S, KD Pharma Group, Nautika, Rimfrost, Superba, etc.

Industry Trends & Developments

• Expansion of Permitted Uses / Regulatory Approvals — e.g. approvals for krill meal to be used in certain salmonids feeds in U.S., opening new large-volume markets.
• Product Innovation — Development of hydrolyzed protein forms, enriched fractions (astaxanthin, phospholipids), de-oiled krill meal, or blends to enhance functional benefits.
• Sustainability Certifications & Eco-harvesting — Companies investing in sustainable harvesting, traceability, minimizing environmental/ ecological impact.
• Growing Demand from Pet Food & Human Supplements — Beyond aquaculture, there is increasing use in pet nutrition and human dietary products, driven by demands for premium ingredients.
• Supply Chain Resilience & Cost Pressures — Fluctuations in marine harvests, transportation, regulatory cost add-ons, and competition from alternative oils/proteins are pushing companies to optimize sourcing and improve processing efficiencies.

Conclusion

The Krill Meal Powder Market is positioned for steady growth over the next several years, bolstered by increasing interest in health & nutrition, stronger demand from aquaculture and pet food sectors, and greater consumer preference for sustainable, natural ingredients. However, cost, regulatory oversight, and sustainability concerns will continue to act as moderating factors. Companies that focus on innovation (in products, forms, extraction), sustainability credentials, and expanding regulatory approvals will likely lead the market.