Disclosed is a process for preparing phospholipid compositions from krill comprising phospholipids and proteins comprising: mixing said krill with water to increase the temperature of said krill to about 65 to 80°c to form a first solid phase and a first aqueous phase comprising said phospholipids and proteins； separating said first solid phase from said first aqueous phase； and separating a protein and phospholipid coagulate fraction from said first aqueous phase by heating said first aqueous phase at a temperature sufficient to form a phospholipid-protein coagulate fraction and separating said phospholipid-protein coagulate fraction from said aqueous phase, wherein said phospholipid-protein coagulate fraction comprises about 20% to 50% protein w/w and about 50% to 65% lipids w/w on a dry base and wherein said lipids further comprise 35% to 50% w/w phospholipids expressed as a percentage of total lipids.
