The need for lowering the environmental impacts has incentivized the investigation of biomass and biofuels as possible alternative sources for energy supply. Among the others, oxygenated bio-derived molecules such as alcohols, esters, acids, aldehydes, and furans are attractive substances as chemical feedstock and for sustainable energy production. Indeed, the presence of oxygen atoms limits the production of aromatic compounds, improves combustion efficiency (thus heat production) and alleviates the formation of carbon soot. On the other hand, the variability of their composition has represented one of the major challenges for the complete characterization of combustion behaviour. This work gives an overview of the current understanding of the detailed chemical mechanisms, as well as experimental investigations characterizing the combustion process of these species, with an emphasis on the laminar burning velocity and the ignition delay time. From the review, the common intermediates for the most relevant functional groups and combustion of biofuels were identified. The gathered information can be intended for the sake of core mechanism generation.