Being one of the major energy consumers, cooking is a necessary part of daily life. Non renewable cooking fuel sources, such as wood or cow dung cause hazardous pollution and a poor ecosystem worldwide. Over the past few decades, solar-powered cooking has undergone numerous improvements. Solar cooking has been predominantly used as a substitute for reducing oil and gas dependence, increasing environmental sustainability, and reducing global warming threats. This paper talks about the recent development of the box-type solar cooker. The paper discusses the principles and classifications of various parameters that affect the performance, energy, and exergy related to the solar cooking system. In line with the sustainable development goals of the UN agenda 2030 and especially the heed to the accomplishment of SDG 7 and SDG 13, various economic factors, such as the payback period (PP), net present value (NPV), benefit–cost (B–C) ratios, internal rate of return (IRR), levelized cost of heat (LCOH), and levelized cost of cooking a meal (LCCM) have been discussed. The environmental analysis has also been presented to show the overall benefit of solar cooking. The review also focuses on the current development of a box-type solar cooker, its components, and its heat transfer characteristic. Various geometrical modifications, the use of reflectors, and transparent insulating materials that improve cooking have been discussed. The concept of energy storage in the form of Phase change material (Latent heat storage) with the latest studied designs improvements of solar cookers has been obtained to be efficient, which also help in late-evening cooking. It can be said that with better policy implications, the social and economic acceptability of the solar cooker can be achieved.