Jasminum sp. plays a crucial role in different industries such as food, pharmaceutical, ornamental and cosmetics, both in traditional as well as modern contexts. However, the dynamic shift in climatic conditions poses significant challenges to jasmine productivity by creating unfavourable biotic and abiotic environments. Though the conventional breeding strategies have made noteworthy contributions in the past, it often demands extended timeframes for the development of new varieties. Further, its success rate gets impeded by physiological, biotic and abiotic barriers. In recent years, a significant progress has been achieved in leveraging the biotechnology methods for jasmine molecular breeding, which has in turn promised better strategies to improve the fragrance and yield of jasmine. Particularly, molecular markers have offered new insights about the genetic foundations of yield and quality characteristics of jasmine besides shedding light on its evolution and potential for conservation efforts. Contemporary biotechnological tools such as the omics technologies, tissue culture and genome editing tools are now being actively employed and examined for its potential to overcome the limitations encountered in conventional breeding strategies, in terms of jasmine improvement. The current systematic review conducted based on the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), synthesizes the status and trends of various biotechnological tools that are employed in improving the desirable traits of the Jasminum sp. The insights presented in this paper highlight the multifaceted biotechnological aspects of the Jasminum sp. and suggest future research directions to further improve their potential applications in food, pharmaceutical and cosmetic industries.