Natural fiber composites (NFCs) also termed as biocomposites offer an alternative to the existing synthetic fiber composites, due to their advantages such as abundance in nature, relatively low cost, lightweight, high strength-to-weight ratio, and most importantly their environmental aspects such as biodegradability, renewability, recyclability, and sustainability. Researchers are investigating in depth the properties of NFC to identify their reliability and accessibility for being involved in aircrafts, automotive, marine, sports’ equipment, and other engineering fields. Modeling and simulation (M&S) of NFCs is a valuable method that contributes in enhancing the design and performance of natural fibers composite. Recently many researchers have applied finite element analysis to analyze NFCs’ characteristics. This article aims to present a comprehensive review on recent developments in M&S of NFCs through classifying the research according to the analysis type, NFC type, model type, simulation platform and parameters, and research outcomes, shedding the light on the main applicable theories and methods in this area, aiming to let more experts know the current research status and also provide some guidance for relevant researches.