Fish protein hydrolysates are broken-down products of enzymatic conversion of fish proteins into smaller peptides, which normally include 2-20 amino acids. In recent years, fish protein hydrolysates have attracted much attention of food technologists due to the availability of ample quantities of raw material for the process and presence of high protein content with good amino acid balance, minerals as well as vitamins. In the present study, fish protein hydrolysate was produced for human consumption using papain enzyme from plant origin optimally achieved at neutral pH.Silver Catfish (Arius thalassinus) a low-value fish from Eritrean Red Sea waters was used as substrate. The process consisted of dressing, separation of flesh by boiling and hand picking, washing the flesh, separating the dark flesh from bones, enzymatic digestion, deactivation of enzyme, drying and powdering. Under optimal condition, hydrolysis of protein by enzymes yielded products containing coagulable nitrogen, proteases, peptones, sub-peptones and free amino acid depending on the extent of degradation of proteins which is related to the type, concentration of enzyme and condition of hydrolysis (temperature and time). The product was high in protein (80-85%) and ash (5.2%) contents and low in fat (0.5%), and moisture content (6.8%). Solubility of the Fish protein hydrolysate was investigated using water and found soluble in water, which makes it an alternative protein supplement for undernourished population. The product was tested in a beverage form by taste panelists for its acceptability and was acceptable to 80% by the respondents.