To mitigate the aforementioned global environmental issues, the concept of carbon capture and storage is crucial in addressing the necessity for carbon peaking and carbon neutrality. The buildup of volatile fatty acids during anaerobic fermentation is a primary factor contributing to the suboptimal performance or outright failure of anaerobic digestion systems. In response to the pressing demand for volatile organic acid recovery and high-value conversion, we primarily outlined the sources, recovery techniques, adsorption materials, and methods for high-value conversion of volatile fatty acids. The methods of adsorbing volatile acetic acid were presented, encompassing adsorption materials, mechanisms, and interfacial modifications of the adsorbent. Furthermore, drawing from recent research advancements, we have synthesized the high-value conversion techniques for volatile fatty acids and evaluated the research challenges and future prospects in this domain.