Krill Meal Powder Market Size, Share,Trend,Industry, Forecast and outlook (2024-2031)

The increasing consumer awareness regarding the health benefits associated with krill meal powder has been a major driver. Krill is a rich source of omega-3 fatty acids, phospholipids, and astaxanthin, which are known for their various health benefits, including cardiovascular health, cognitive function, and anti-inflammatory properties. As consumers become more health-conscious and seek out natural supplements, the demand for krill meal powder as a nutritional supplement has been on the rise.Fish diets use krill meal, a unique marine protein source made from Euphausia superba and E. Pacifica. 33%-55% protein, 15%-20% fat, and 15%-28% ash are found in krill meal. In addition to possessing a well-balanced amino acid profile, krill meal contains astaxanthin, which gives salmon and trout muscle tissue as well as the skin of many fish and prawn species their distinctive color.

Feed-grade krill meal powder held a significant share of the global krill meal powder market due to its widespread application in the feed industry. Similarly, North America held a significant share of the global market due to the region's growing awareness about krill-based products including krill meal powder.

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Market Dynamics

With a growing population and rising disposable incomes, there is a heightened demand for high-quality animal products such as meat, dairy, and eggs worldwide. To meet this demand and ensure optimal animal health and productivity, there is a corresponding need for nutrient-rich feed ingredients that can provide essential vitamins, minerals, proteins, and fatty acids.According to the International Feed Industry Federation (IFIF), the yearly production of compound feed is projected to be more than one billion tonnes worldwide. The production of commercial feed on a global scale is estimated to generate over $400 billion in revenue annually. This growing feed industry worldwide drives the demand for nutrient-rich animal feed.

Krill meal powder, derived from Antarctic krill, is gaining popularity as a valuable ingredient in animal feed formulations due to its exceptional nutritional profile. Krill are rich sources of omega-3 fatty acids, astaxanthin, phospholipids, and other bioactive compounds that offer numerous health benefits to animals. Omega-3 fatty acids, in particular, play a crucial role in supporting cardiovascular health, immune function, and overall growth and development in livestock and aquaculture species.

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Segment Analysis

In the global krill meal powder market, feed-grade krill meal powder holds a significant share, driven by its widespread application in animal feed formulations. Feed-grade krill meal powder is valued for its high nutritional content, particularly rich in essential fatty acids, proteins, and antioxidants, making it a desirable ingredient for enhancing the nutritional profile of animal feed. This type of krill meal powder is extensively utilized in aquafeed formulations for various aquatic species, including fish, shrimp, and other marine organisms, owing to its ability to support growth, immune function, and overall health.

In a study conducted by the Norwegian Institute of Food, Fisheries, and Aquaculture (Nofima) in May 2020, in collaboration with Aker BioMarine, dietary krill supplementation showcased promising health benefits for Atlantic salmon. The study highlighted improvements in body shape, heart health, and fillet quality with the inclusion of krill meal in the salmon's diet. Additionally, boosted expression of immune genes in the liver and reduced inflammation in the hindgut were observed, signaling positive effects on salmon health and well-being.

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