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Antarctic krill meal (KM) (Euphausia superba) as a substitute for fishmeal in aquatic animal diets is gaining popularity worldwide. A quantitative approach investigating the efficacy of using this protein on the production performance of aquatic animals remains widely limited. Here, we employed a meta-analysis to quantify the overall effects (Hedges’g [g] value effect size) of KM on the specific growth rate (SGR), feed conversion ratio (FCR), protein efficiency ratio (PER), and survival rate (SR) of several aquaculture species. A total of 22 records published during 2006 to 2022 from different countries, targeting 14 aquatic species, were employed in the present study. Overall, KM has a high nutritional value relative to fishmeal, particularly from the high protein and amino acid composition. Dietary KM significantly increased the overall effect size of SGR (g = 1.92) (P = 0.001); the positive effect was illustrated in marine species (g = 1.32 to 9.10) (P < 0.05) and sturgeon (Acipenser gueldenstaedtii) (g = 6.59) (P < 0.001). The overall g value for FCR (−2.42) was significantly improved compared to the control group (P < 0.001). The inclusion of KM in aquatic animal diets did not affect g value of PER (1.52, 95% confidence interval: −1.04 to 4.07) and survival rate (0.08, 95% confidence interval: −0.63 to 0.79) (P = 0.252 and 0.208, respectively). The meta-regression models indicated that SGR of rainbow trout (Oncorhynchus mykiss) was significantly correlated with dietary KM by a positive linear model (P = 0.022). The cod and sturgeon (A. gueldenstaedtii) appeared to efficiently utilize krill-containing diets as illustrated by a negative linear model (P = 0.011 and P = 0.024, respectively) between dietary KM and FCR. Dietary KM positively correlated with PER for Atlantic cod (P = 0.021). Our meta-analysis highlighted the significant outcome of KM in diets for aquaculture species by reducing pressure on forage fish from marine resources and sparing edible foods. Specifically, including KM significantly reduced economic fish-in fish-out (eFIFO) in four taxa—the top forage fish consumers (P < 0.05): marine fish, salmon, shrimp, and trout. The meta-analysis revealed the decreased food-competition feedstuff in diets for important aquaculture species (P < 0.05) fed dietary KM. The outlook for efficient use of KM from marine resources in aquafeeds was elucidated in the present work.