With the increase in global aquaculture production, managing waste from aquatic biomass has become a significant concern. This research aimed to develop a sustainable valorization approach for recovering calcium-rich fish, including mackerel tuna and pangas bone and shrimp shell powders. The powders were characterized by various physicochemical and nutritional parameters, including proximate composition, amino acids, protein solubility, water holding capacity (WHC), oil holding capacity (OHC), and heavy metal contents. Color analysis and structural examination were carried out using field emission scanning electron microscopy (FE-SEM), energy dispersive X-ray spectroscopy (EDX), and Fourier-transform infrared spectroscopy (FT-IR), and in vitro radical scavenging activity was assessed. Significant protein content was observed in the powders, which was highest in shrimp shell powder (SSP) at 37.78%, followed by 32.29% in pangas bone powder (PBP) and 30.28% in tuna bone powder (TBP). The ash content was consistent in PBP and TBP at around 62.80%, while SSP had a lower ash content of 36.58%. Amino acid analysis detected 14 different amino acids in the recovered powders. Notably, SSP demonstrated the highest WHC and OHC values (2.90 and 2.81, respectively), whereas TBP exhibited the lowest values (1.11 for WHC and 1.21 for OHC). FE-SEM revealed the compact structure of TBP and PBP, contrasting with the porous surface of SSP. EDX analysis indicated higher calcium (24.52%) and phosphorus (13.85%) contents in TBP, while SSP was enriched in carbon (54.54%). All detected heavy metal concentrations were within acceptable limits. The recovered powders demonstrated significant ABTS free radical scavenging activity. The findings of this study suggest the suitability of the recovered powders for various food and pharmaceutical applications.