Papaya is an evergreen plant which offers different food, nutrition and therapeutic values for human beings. The fruit is delicious and nutritious. The different parts of the plant such as leaves, seeds, peel, blooms, bark, root, and squash have beneficial activities. It is used for the cure of a variety diseases including digestive disorders, constipation, expulsion of worms, antibacterial, corns, sinuses, skin inflammation, antifertility, dengue fever, warts, glandular tumors, blood pressure, diabetic, anti-HIV, invigorate regenerative organs. It is also used as nutraceutical agent. The present work emphasis on major characteristics of chemical constituents, nutritional components, health and medical benefits of papaya.