Citrus waste from the processing industry, generated after juice extraction, comprises about 50% of its wet fruit mass, which constitutes about 50% of peel waste. With the increasing number of industries, colossal volumes of waste are being released constantly to the environment. Disposal of these huge aggregates of wastes is a great concern. Furthermore, wastes comprise valuable ingredients, such as sugars, lipids, organic acids, carbohydrates, flavonoids, essential oil, vitamins and minerals, and also pose economic losses. Legislation concerning organic waste and the demand for renewable biochemicals and fuel are driving industry to make a virtue out of a necessity toward sustainability, cost-effectiveness, and to meet consumer’s demands. Proficient utilization of agroindustrial wastes is deemed to be crucial for an effective bioeconomy strategy. Nowadays, the valorization of citrus waste through value-added product recovery and energy production is gaining more impetus under the umbrella of the bio-based economy. Biorefining from citrus waste facilitates the utilization of one industry’s waste to generate revenue by converting waste into wealth. This chapter highlights the potential of citrus fruit waste in terms of resource recovery and energy production and its role in the bioeconomy.