In the present manuscript, various by-products (heads, trimmings, and frames) generated from salmonids (rainbow trout and salmon) processing were evaluated as substrates for the production of fish protein hydrolysates (FPHs), potentially adequate as protein ingredients of aquaculture feeds. Initially, enzymatic conditions of hydrolysis were optimized using second order rotatable designs and multivariable statistical analysis. The optimal conditions for the Alcalase hydrolysis of heads were 0.1% (v/w) of enzyme concentration, pH 8.27, 56.2 • C, ratio (Solid:Liquid = 1:1), 3 h of hydrolysis, and agitation of 200 rpm for rainbow trout and 0.2% (v/w) of enzyme, pH 8.98, 64.2 • C, 200 rpm, 3 h of hydrolysis, and S:L = 1:1 for salmon. These conditions obtained at 100 mL-reactor scale were then validated at 5L-reactor scale. The hydrolytic capacity of Alcalase and the protein quality of FPHs were excellent in terms of digestion of wastes (V dig > 84%), high degrees of hydrolysis (H m > 30%), high concentration of soluble protein (Prs > 48 g/L), good balance of amino acids, and almost full in vitro digestibility (Dig > 93%). Fish oils were recovered from wastes jointly with FPHs and bioactive properties of hydrolysates (antioxidant and antihypertensive) were also determined. The salmon FPHs from trimmings + frames (TF) showed the higher protein content in comparison to the rest of FPHs from salmonids. Average molecular weights of salmonid-FPHs ranged from 1.4 to 2.0 kDa and the peptide sizes distribution indicated that hydrolysates of rainbow trout heads and salmon TF led to the highest percentages of small peptides (0-500 Da). 676 2 of 15 and volume terms in the European fish farming system. More than 1.78 MTm of both were produced in 2016 generating more than € 15 billion [1]. Although in southern Europe the most common way to market salmonids is as complete individuals, in the rest of the continent the tendency is to market them in the form of fillets (fresh, frozen, cured, etc.) or other presentations that require deheading, gutting, and filleting steps. Thus, huge amounts of by-products (about 35-45% of the total weight of salmonids) are generated in processing plants, mainly heads, trimmings, viscera, and frames that have to be managed efficiently to reduce environmental health problems and to improve the sustainability of such farming productions [2,3].The most habitual utilization of salmonid wastes is based on the development of acid silage [3], fertilizers, or the joint production of fishmeal and oils [4,5]. In the first case, the silage is a low-added value product with limited applications [1]. In the last one, oil and fishmeal are not very sustainable productions when the fishmeal equipments are far from fishing ports or aquaculture plants and close to villages and cities due to the environmental impact (odors, air pollution, water consumption, etc.) that this production generates. This process leads to the coagulation of the protein and its separation from the oil but the level of valorization achieved by b...