Pichia pastoris has been recognized as one of the most industrially important hosts for heterologous protein production. Despite its high protein productivity， the optimization of P. pastoris cultivation is still imperative due to strain- and product-specific challenges such as promoter strength， methanol utilization type and oxygen demand. To address the issues， strategies involving genetic and process engineering have been employed. Optimization of codon usage and gene dosage， as well as engineering of promoters， protein secretion pathways and methanol metabolic pathways have proved beneficial to innate protein expression levels. Large-scale production of proteins via high cell density fermentation additionally relies on the optimization of process parameters including methanol feed rate， induction temperature and specific growth rate. Recent progress related to the enhanced production of proteins in P. pastoris via various genetic engineering and cultivation strategies are reviewed. Insight into the regulation of the P. pastoris alcohol oxidase 1 (AOX1) promoter and the development of methanol-free systems are highlighted. Novel cultivation strategies such as mixed substrate feeding are discussed. Recent advances regarding substrate and product monitoring techniques are also summarized. Application of P. pastoris to the production of biodiesel and other value-added products via metabolic engineering are also reviewed. P. pastoris is becoming an indispensable platform through the use of these combined engineering strategies.