Cellulose nanofibers (CNFs) and their applications have recently gained significant attention due to the attractive and unique combination of their properties including excellent mechanical properties, surface chemistry, biocompatibility, and most importantly, their abundance from sustainable and renewable resources. Although there are some commercial production plants, mostly in developed countries, the optimum CNF production is still restricted due to the expensive initial investment, high mechanical energy demand, and high relevant production cost. This paper discusses the development of the current trend and most applied methods to introduce energy-efficient approaches for the preparation of CNFs. The production of cost-effective CNFs represents a critical step for introducing bio-based materials to industrial markets and provides a platform for the development of novel high value applications. The key factor remains within the process and feedstock optimization of the production conditions to achieve high yields and quality with consistent production aimed at cost effective CNFs from different feedstock.