This review describes the potential and, in particular, some relevant hazards associated with the use of veterinary drugs, various pharmaceuticals and industrial chemicals that have produced serious environmental risks and affected the life of people along with other animals by posing great health risks. Risk analysis regarding these problems has also been discussed with the measures to handle the problem at global level. The most contentious residues which occur in meat, milk and eggs along with the environment are antibacterial drugs, hormonal growth promoters, heavy metals and industrial chemicals that are producing potential toxic health effects that include systemic toxicity, mutations, cancer, birth defects and reproductive disorders. Systemic toxicity involves changes in the structure and function of organs and organ systems: weight change, structural alterations and changes in organ system or whole animal function. Functional effects may include changes in the lungs, liver, kidneys, cardiovascular function, brain, nervous system activity, behavior and in production of resistance to disease. Furthermore, continued monitoring and periodic reassessment of risks posed by these contaminants is needed to detect or anticipate new problems so that appropriate action can be taken in the interests of public safety.