Products from bakeries and cereal companies play a significant role in modern consumers' diets. A cursory glance at the shelves of grocery stores conveys the impression of a wide selection of baked goods. Wafers have been made and used by the food business for many years, with very few adjustments, due to its low weight, flat construction, and delicate crispy texture. A cookie, often called a biscuit, is a little, sweet, baked treat or snack. Current research is focused on recovering bioactive or functional components from vegetable and fruit wastes, not only to reduce waste disposal but also to satisfy public demand for plant-based goods that are helpful to health. Peel from beetroot and dragon fruit is a by-product of processing at household and industrial levels. Pectin, phenols, antioxidants, betacyanin coloring, and total dietary fiber can all be found in good amounts in dragon fruit peel. Antioxidant components found in beetroot peel suggest its potential applications in the food and nutritional supplement industries. Three different wafer roll formulations were created by combining wheat flour with dragon fruit peel powder in percentages of 25%, 50%, and 75% as well as three different cookie formulations were created by combining wheat flour with beetroot peel powder in percentages of 25%, 50%, and 75%. The food formulations from peel powders were found to be highly palatable holding numerous nutrients and phytonutrients.