The invention belongs to the technical field of collagen peptide preparation, and particularly relates to a method for producing collagen peptide by using cod skin as a raw material. The method comprises the following steps: cleaning cod skin, adding a gradient sodium chloride- citric acid aqueous solution, stirring and soaking, dropwise adding a calcium bicarbonate aqueous solution, continuouslysoaking, filtering after soaking, cleaning the cod skin with deionized water, airing the surface moisture of the cod skin, adding an acetic acid solution and sodium alginate, swelling, pulping, adjusting the pH value, obtaining fish skin pulp for later use; and adding papain and squalene into the fish skin pulp, carrying out enzymolysis, carrying out enzyme deactivation after the enzymolysis is finished, centrifuging, taking the supernatant, carrying out ultrafiltration on the supernatant, and carrying out freeze drying. According to the extraction method provided by the invention, the collagen body yield can be increased, the extracted collagen peptide is high in purity, uniform in molecular weight distribution, high in oxidation resistance and free of peculiar smell, the bitter and fishysmell of the collagen peptide prepared from aquatic products is reduced to the maximum extent, and the enzymolysis time is greatly shortened.