Biodiesel, an alternative to fossil fuels, consists of alkyl, usually methyl, esters of fatty acids (FAME). Conventionally, it is mostly obtained by homogeneous base catalyzed methanolysis of edible oils. Despite the significant advantages, the main drawbacks of this process are the high requirements in terms of the quality of the raw materials and environmentally unfavorable processes of catalyst separation and products purification. For these reasons, the researches of biodiesel synthesis are aimed at developing new processes that are economically and environmentally acceptable. In this paper processes of FAME synthesis, their advantages, disadvantages and opportunities for improving are analyzed, in order to develop processes suitable for industrial applications. The main aim was to present an overview of the researches in developing biodiesel synthesis providing a high FAME yield, which are environmentally-friendly and economically acceptable. Heterogeneously catalyzed process has most often studied, aiming at developing catalytic active, stable and cheap catalysts as well as at process improvement. The developments of enzyme and noncatalytic processes are mainly aimed at reducing production costs and increasing the FAME yield under mild reaction conditions, respectively. Generally, the perspectives of biodiesel synthesis include the use of continuous processes and suitable reactor systems.