Abstract: In order to make full use of residual wastes produced from aquatic products process, this paper reviewed the development status of protein using from residual wastes focused on fish, shell- fish and mollusk, stated the functions of various of biological active peptides including blood press reduction, anti- bacteria, chelated calcium, weight loss and so on, and prospected business outlook of aquatic products processing wastes, aimed to provide reference for function peptide research and development, as well as improved the added value of aquaculture wastes.