Abstract: Euryale ferox Salisb. is a kind of annual aquatic herb. As an economic crop, Euryale ferox Salisb. has edible and medicinal values. In this article, the nutritional components and medicinal value of Euryale ferox Salisb.were summarized firstly. Secondly, the postharvest processing and preservation technology, Euryale ferox Salisb.based food development, the extraction of effective ingredients and the utilization of by-products were reviewed in detail. Finally, the processing and utilization of Euryale ferox Salisb. in the future were prospected. This article is expected to provide some new ideas for the development of Euryale ferox Salisb. processing industry.