Volatile organic compounds (VOCs) are a significant source of environmental pollution, posing threats to human safety. With growing concerns about environmental degradation, catalytic oxidation technology emerges as a paramount and widely adopted approach for VOCs elimination, renowned for its operational simplicity, energy efficiency, and environmental friendliness. As a representative transition metal catalyst, cobalt‐based catalysts have garnered widespread use in VOCs catalytic oxidation due to their costeffectiveness, versatility, and distinctive physicochemical properties. This paper provides a detailed exposition of the construction strategies and structure‐activity relationship of Co3O4‐based catalysts in VOCs oxidation reaction, encompassing both monometallic Co3O4 and multimetallic cobalt‐based catalysts. Furthermore, it offers a comprehensive summary and discussion of the latest research progress concerning Co3O4‐based catalysts in practical applications. Concluding with a meticulous analysis, the paper addresses the technical challenges inherent in developing Co3O4‐based catalysts for VOCs degradation. Additionally, it proposes research directions aimed at overcoming these challenges, contributing to the ongoing discourse on environmental sustainability.