The multicaloric effect refers to the thermal response of a solid material driven by simultaneous or sequential appli-cation of more than one type of exteal field. For practical applications, the multicaloric effect is a potentially interesting strategy to improve the efficiency of refrigeration devices. Here, the state of the art in multi-field driven multicaloric ef-fect is reviewed. The phenomenology and fundamental thermodynamics of the multicaloric effect are well established. A number of theoretical and experimental research approaches are covered. At present, the theoretical understanding of the multicaloric effect is thorough. However, due to the limitation of the current experimental technology, the experimental ap-proach is still in progress. All these researches indicated that the thermal response and effective reversibility of multiferroic materials can be improved through multicaloric cycles to overcome the inherent limitations of the physical mechanisms behind single-field-induced caloric effects. Finally, the viewpoint of further developments is presented.