Worldwide, the wastes derived from food production are generated in elevated volumes annually. In particular, the cocoa industrial wastes represent a source of usable biomass for the elaboration of new products such as food, livestock feed, cosmetics, and chemical products, and they can even be used for the generation of biofuels. The cocoa industrial wastes include cocoa pod husk, mucilage, and bean shells, which contain compounds of interest for different industries. However, the lignocellulose content of these by-products requires a pretreatment to fully utilize them; thus, different biofuels can be produced, depending on the conversion technology used to obtain the highest biomass yield. Recent studies reported the use of cocoa industrial wastes for the production of solid, liquid, and gaseous biofuels; nevertheless, the most common use reported is as a direct combustion source, which is used to supply the same production plants. Therefore, the objective of this work is to carry out a review on the uses of the by-products generated from cocoa for the generation of biofuels, as well as the technological concept applied for the transformation. In addition, the future trends indicate the relevance of using catalysts in production to increase reactions in the conversion of compounds, including the use of statistical models to optimize the processing variables.