The global krill meal market was valued at USD 350 million in 2025. The market is projected to grow from USD 379 million in 2026 to USD 766.3 million by 2034, exhibiting a compound annual growth rate of 9.2% during the forecast period. Contrive Datum Insights presents this information in its report titled "Krill Meal Market Size, Share & Industry Analysis, By Type (Food Grade Krill Meal, Feed Grade Krill Meal), Application (Supermarkets/Hypermarkets, Convenience Stores, Medical Stores, Online Stores), End use (Aquafeed, Pet Food, Nutraceuticals & Dietary Supplements, Livestock Feed), Processing grade (Whole Krill Meal, Deshelled (Low-Fluoride) Krill Meal), Packaging (Bulk Packaging, Retail/Consumer Packaging), and Regional Forecast, 2026-2034".
Krill meal is a protein and lipid-rich ingredient produced by processing and drying Antarctic krill, a small crustacean harvested from the Southern Ocean, into a granular or powdered form used primarily as a feed additive. It is purchased mainly by aquaculture feed formulators for salmon and shrimp diets, and by pet food and nutraceutical manufacturers seeking a marine-derived source of protein, phospholipids and omega-3 fatty acids. Buyers range from large integrated feed producers procuring bulk volumes to smaller supplement and premium pet food brands sourcing refined, higher-purity grades.
Growth in salmon and shrimp aquafeed inclusion
Growth in salmon and shrimp aquafeed inclusion is the largest single contributor to the market's growth over the forecast period, and the study rates its impact high. Against a market growing at 9.2% a year, the type lines exposed to it move fastest: Food Grade Krill Meal compounds at 12%, taking its share of revenue from 19% to 24% and its value from USD 66.5 million to USD 183.9 million.
Where the forecast could be beaten: the bull case assumes Southern Ocean catch quotas expand modestly and aquafeed and nutraceutical demand adopt krill meal faster than the base case, without new supply constraints emerging. The study puts that case at USD 858.3 million in 2034, against USD 766.3 million in the base.
On the downside, the bear case assumes catch quotas tighten, substitute omega-3 ingredients gain share faster, and aquafeed formulators slow their adoption of krill meal relative to the base case, which would hold 2034 revenue to USD 674.5 million. Feed Grade Krill Meal, which carries 81% of 2025 revenue, already grows at only 8.4% against the market's 9.2%, so the largest part of the base is also its slowest.
Key Players Compete on Feed Grade Krill Meal Volume and Food Grade Krill Meal Growth
Suppliers here are separated by type, not by geography. The incumbent position is Feed Grade Krill Meal: 81% of 2025 revenue, USD 283.5 million, and still 76% in 2034. The contested position is Food Grade Krill Meal at 12% growth. Few suppliers hold both, which is why a market of USD 350 million supports as many participants as it does.
What Else the Report Shows
| Segment | Led 2025 by | Share & value | Fastest-growing |
|---|---|---|---|
| Type | Feed Grade Krill Meal | 81% · USD 283.5 million | — |
| Application | Supermarkets/Hypermarkets | 42% · USD 147 million | Online Stores 12.2% |
| End use | Aquafeed | 66% · USD 231 million | Nutraceuticals & Dietary Supplements 13.3% |
| Processing grade | Whole Krill Meal | 72% · USD 252 million | Deshelled (Low-Fluoride) Krill Meal 12.2% |
| Packaging | Bulk Packaging | 85% · USD 297.5 million | Retail/Consumer Packaging 12.6% |
- Europe was the largest region in 2025, holding 34% of global revenue at USD 119 million and reaching USD 230 million by 2034.
- Asia Pacific takes a rising share of global revenue over the forecast period, from 32% in 2025 to 36% in 2034, with revenue growing from USD 112 million to USD 275.9 million.
- Middle East and Africa stays the smallest contributor across the period: 6% of revenue in 2025 and 6% in 2034.
- Food Grade Krill Meal is projected to grow at 12% over the forecast period, the fastest of any type line.
- Norway is the largest single country market at USD 70 million in 2025, 20% of global revenue.
The study covers five axes, by type, and by application, end use, processing grade and packaging, reporting revenue and a growth rate for every line in every year from 2020 to 2034, with bear, base and bull scenarios on the headline total at USD 674.5 million and USD 858.3 million by 2034. Country-level detail is given for all five regions, together with the competitive landscape and the research methodology. Delivered as a PDF; request a free sample to review it.