The agro-food industry’s exponential growth of plant waste production is a critical global issue, taking into account its storage, disposal, environmental impact and potential health risks. However, by-product utilization of agricultural waste for the retrieval of added-value compounds offers new avenues for industrial production and waste management. The waste of banana primarily the peels are potentially a useful sources for substitution of value added product such as dietary fibers, bioactive components, including carotenoids, polyphenols, pro-vitamins as well as essential minerals. This project describes the types and the composition of raw banana peel wastes and the bioactive components of the peel, the processing methods and the possible application of banana peel flour (BPF). Of particular interest, the proximate analysis and physicochemical properties of potential BPF and the properties of the by-product are discussed. These informations were then used to identify types of food that is suitable for production industry. Then, the utilization of banana peel flour in beef burger patties, waffle ice cream cones and yellow noodles were chosen. The formulation of BPF were prepared in three different formulations: 2%, 4% and 6% for beef burger patties, 10%, 20% and 30% for banana peel noodle and 5%, 10% and 20% for waffle cone respectively. Overall, BPF substitutions in these food products have affected and improved high cooking quality, nutritional values, colour, texture and sensory characteristics relative to control.