In recent years, the interest in the development of procedures for extraction of bioactive compounds from natural sources with more liability gains increased attention globally, due to their potential applications in many sectors such as food and beverages, paper, textile, chemical, and pharmaceutical industries. Problems like consumption of energy and time and solvent quantity are associated with conventional extraction procedures led to demand for alternative techniques for extraction of nature-derived products. So, various novel extraction techniques have been developed and refined in last few decades because of their potential to efficiently extract a great variety of valuable bioactive compounds. This review intends to discuss different advanced extraction techniques along with new identification methods for bioactive and economic nature-derived products.