Neglected and Underutilized Fish Species: The Potential Loss of Value in the Italian Context

This study investigates Italian fishery discards through the lens of neglected and underutilized species (NUS). It estimates the potential loss of value (PLoV) to identify pathways for sustainable valorization under the European Union landing obligation (LO). NUS were selected through a stakeholder focus group. Data regarding landings and discards were collected for the period 2020–2022 within the Italian Ministry of Agriculture, Food Sovereignty, and Forestry (MASAF) database. Among the three years, fleets landed roughly 130,400 tons annually, worth about €700 million, while discarding around 6200 tons yearly. This corresponds to an average PLoV of approximately €21.5 million. Most of the discarded quantity and value is concentrated in a few species. Atlantic Horse Mackerel stands out, accounting for nearly one-third of discarded biomass and about one-quarter of total PLoV. In 2020 and 2022, its discards even exceeded reported landings. A conservative valorization scenario for this single species indicates potential revenues of up to €7.5 million per year. Overall, these findings suggest that targeted NUS valorization could represent a way to diversify seafood consumption, alleviate pressure on common stocks, and buffer fishers’ incomes. This potential depends on ensuring traceability and safety, supported by pilots in processing, product development, and consumer acceptance.