In recent years, variety of Extraction techniques has been introduced for the recovery of organic compounds. Extraction Methods are widely used in various Industries for Separation of components and has wide range of applications. Details of basic theories applicable to types of Extraction such as -Liquid- Liquid Extraction, Solid Phase Extraction, Solid Liquid Extraction and Supercritical Extraction, etc. including the choice of solvent, procedure, respective advantages disadvantages and their applications are explained. Finally, the specific extraction techniques such as Microwave Extraction, Ultrasonic Extraction, Pressurized Fluid Extraction and Soxhlet Extraction along with their applications are also explained.