The invention belongs to the technical field of higher value application of Antarctic krill, relates to shrimp paste and a making method thereof, in particular to Antarctic krill paste and a making method thereof. Fresh Antarctic krill is adopted as the raw material, the treatment steps of impurity removing, shell removing, grinding, enzymolysis and salting fermenting are conducted, and the Antarctic krill paste which is low in salt and free of fishy smell is made. The invention provides the Antarctic krill paste which is low in salt, free of fishy smell and nutritional and the processing technological process of the Antarctic krill paste. A bio-enzyme method is adopted to be combined with a fermentation method to make the Antarctic krill paste, and higher value application of Antarctic krill protein is achieved.