In the salmon skin and scale cleaning process, several lipid fractions and protein materials were recovered as secondary by-products, presenting opportunities for the production of bioactive ingredients with high nutritional value. The predominant lipid component in all oil fractions was oleic acid.A protein hydrolysate was also obtained, consisting of ≈27% essential and ≈60% hydrophobic amino acids, below 3KDa (≈90.2%), and with significant antioxidant, ACE inhibitory and antidiabetic properties.Hydrolysate-loaded Liposomes (LH), prepared from partially purified phospholipids from recovered lipids, exhibited a slightly larger mean size (283 nm) than empty liposomes (226 nm) (L), and a very stable ζ potential for both. Stable oil-in-water emulsions (30/70) were produced using the oil fraction and replacing the aqueous phase by a dispersion of empty liposomes or hydrolysate-loaded liposomes. The presence of free or encapsulated hydrolysate resulted in poorer stabilisation compared to the empty liposomes, demonstrating that the latter are good Pickering agents.