Meeting the needs of a growing population calls for a change from linear production systems that exacerbate the depletion of finite natural resources and the emission of environmental pollutants. These linear production systems have resulted in the human-driven perturbation of the Earth's natural biogeochemical cycles and the transgression of environmentally safe operating limits. One solution that can help alleviate the environmental issues associated both with resource stress and harmful emissions is resource recovery from waste. In this review, we address the recovery of resources from food and beverage processing wastewater (FPWW), which offers a synergistic solution to some of the environmental issues with traditional food production. Research on resource recovery from FPWW typically focuses on technologies to recover specific resources without considering integrative process systems to recover multiple resources while simultaneously satisfying regulations on final effluent quality. Process Systems Engineering (PSE) offers methodologies able to address this holistic process design problem, including modelling the trade-offs between competing objectives. Optimisation of FPWW treatment and resource recovery has significant scope to reduce the environmental impacts of food production systems. There is significant potential to recover carbon, nitrogen, and phosphorus resources while respecting effluent quality limits, even when the significant uncertainties inherent to wastewater systems are considered. This review article gives an overview of the environmental challenges we face, discussed within the framework of the planetary boundary, and highlights the impacts caused by the agri-food sector. This paper also presents a comprehensive review of the characteristics of FPWW and available technologies to recover carbon and nutrient resources from wastewater streams with a particular focus on bioprocesses. PSE research and modelling advances are discussed in this review. Based on this discussion, we conclude the article with future research directions.