Food wastes have gained increasing attention by the public, national, and international organizations due to substantial social, environmental, and economic apprehensions, climate variation, and the depletion of fossil reserves. Although food wastes represent serious ecological problems; however, they possess significant candidature for biotransformation processes into a spectrum of commodity compounds due to their rich composition of carbohydrates, lipids, and proteins. There are a few things to consider regarding waste disposal infrastructure, which is undoubtedly an ecological concern. Although waste disposal infrastructure improvements in developed countries do not receive much attention as rapid healthcare facilities. Waste disposal is a priority in developed countries for a number of reasons. However, addressing these issues solely by the applications in developing countries will not be sufficient. Due to cultural, economic, and resource gaps between developed and the developing countries, several unique challenges must be solved to improve the waste management system in developing countries. It is essential to evaluate the current tendencies and technological improvement in the modification of food supply chain because the biomass transformation processes define the significance of the substrate as well as the functional expenses. Although the generation of industrially important compounds via waste valorization shows an excellent opportunity, a comprehensive appraisal of the automation supported by improving processing economics is necessary before industrial execution.