The foundations of the research conducted rest in the realms of the green economy, the circular economy and green growth. It considers in particular green food value chain development in rural, peri-urban and urban bottom-of-the pyramid (BOP) contexts. The BOP refers to the circa four (4) billion people of the world population earning between US $1 and US $5 per day and of which about 1.8 billion of these people live in urban slums. Many of the people who live in such BOP contexts earn their livelihoods from participating in food value chain activities with their know-how and the available resources they can access and use. In such frugal contexts, work is often devoted to not only producing and distributing food, but also to the identification, collection, re-using and recycling (valorisation) of waste that food value chains can generate. It is in this context of recapturing whatever value may be left in waste, which is the focus of this article: it considers how such recapturing of value from waste can contribute to developing greener food value chains and thus contribute to the reduction of the food waste and consequently the carbon foot prints of food value chains. The article provides a step-by-step guideline for field practitioners in how to tackle recapturing value from waste. The paper derives primarily from field-based researches. In 2013 an initial field research was conducted in the Tanzania, which was then followed by an extensive literature research and review. The preliminary findings were then supplemented by further field research conducted in Kenya, Tunisia, Egypt and Tanzania in 2014. In 2015 country-based case study researches were conducted in Iran, Trinidad and Tobago and Peru and in 2016 and 2017 another extensive literature review was conducted. Further field research was conducted in Zambia in 2016 and 2017.