The achievement of sustainable development in the circular economy relies solely on using modern technologies to enhance food waste. This technique can simultaneously tackle the resource and environmental problems arising from capital depletion and greenhouse gas generation. The integrated biorefinery technique enables the synthesis of diverse chemicals, biofuels, and materials from food scraps. This enhances the bioeconomy and aids in developing eco-friendly and sustainable approaches to material production, thereby contributing to achieving environmentally-friendly objectives. A waste biorefinery can strategically produce a high-value product by maximising the use of materials and resources and minimising or eliminating adverse environmental effects. Using food waste has prospects for economic growth, as waste can be an unprocessed product for bioprocesses that generate biodegradable products from organic sources. This report concisely summarises the pros and cons of many sophisticated methods used to convert food waste into valuable commodities. It also examines how food waste might contribute to generating revenue as value-added products.