The development of a sustainable strategy for handling fruit waste has become critical. Apple pomace and orange peel are considered industrial waste (20-25%) that has very minute or no commercial worth and are being frequently utilized either as animal feed or go back to ranches for fertilizing the soil. Because of their favorable nutritious and functional properties, these fruit wastes can be transformed into a promising source of functional composites. Different important and functional components including, bioactive components such as polyphenols, dietary fibers, essential oil, flavors, and many other components have been recognized in the fruit leftover. Because of their functional properties, apple pomace and orange peels are used in a wide array of bakery products like bread, cakes, muffins, and cookies. Apple pomace and orange peels can be used as effective functional ingredients in meat, dairy, confectionery, and beverage products. The present review intends to summarize all utilization modes of apple pomace and orange peel in different food industries and also reviewed the essential bioactive components extraction from the apple pomace and orange peel. Thus, it will open up the doorways to promote effective waste management for the industrialists to earn profit by developing value-added products.