It is a known fact that a number of routes explaining the health benefits of beneficial bacterial cells require vitality. However, more recent terms such as the para probiotic and postbiotic have appeared to indicate that, in addition to live cultures, nonviable microbial cells, microbial fractions, or cell lysates also have the ability to benefit the host by boosting bioactivity. According to current scientific research, postbiotics are potentially safer than their parent live cells as alternative agents. Because of their distinct clinical, technological, and economic properties, they can be used as promising tools in the food and drug industries to achieve therapeutic goals and health benefits. The postbiotic theory, proof of their health benefits, probable signaling pathways involved in their protective mechanisms, and their potential use as functional foods are all covered in this review. With the use of comparative studies on past research, it discusses the methodologies utilized to obtain and identify postbiotics. It educates about postbiotics' bioactivity and probable physiological effects. It also instructs of all possible food applications and underlines the processes involved.