Nanotechnology represents a new frontier in science and technology with long term goals and benefits. Nowadays, nanotechnology is producing many revolutions and applications such as quantum computing, surface and materials modification, novel separation and sensing technologies, and human biomedical replacements. These new techniques are being introduced in food and bio filed. In this review, the status and trends related to nanocomposites, nanoparticles, nanotubes, delivery vehicles and biosafety were reviewed. The situation of funding of nanotechnology research in USA, Japan and Korea is also summarized.