Food drying is a widely used method of food preservation worldwide, and the utilization of waste heat from exhaust flue gas presents a significant opportunity to reduce the energy consumption of industrial drying processes. This study thoroughly examines the energy and exergy efficiency, sustainability indicators, and various exergo-environmental and exergo-economic parameters to assess the performance of a waste heat-based convective dryer (WHCD). The study found that drying at 70 °C performed the best (among 50 °C, 60 °C and 70 °C) for the overall drying process, with a maximum overall exergetic efficiency of 4.89 %. The results of exergo-economic analysis revealed that the drying chamber exhibited the highest exergy destruction cost at US$0.01193 per hour, and it was determined that improving the drying chamber was of paramount importance. An exergo-environmental assessment indicates that the proposed dryer effectively mitigates 14.15 tons of CO2 over a 20-year lifespan. Sensitivity analysis of the proposed system reveals that the energy efficiency is more sensitive to the food drying temperature than the exergy efficiency. A 33 % increase in drying temperature increases the exergy efficiency by 19.37 % while reducing the energy efficiency by 37.54 %. Hence, adopting the proposed system in industrial settings could significantly enhance energy-efficient and sustainable food drying processes.