Endophytic fungi are a unique group in the Fungi kingdom as they spend the majority of their life cycles within the livingtissue of the host organism without causing apparent harm. The endophyte-host relationship is typically commensalismor mutualistic, with pathogenicity an issue only when either party is under stressed. The contribution of endophytic fungito the host is mostly in the form of chemical protection – secondary metabolites with bioactivities against invadingorganisms which may harm the host and consequentially threaten the survival of the endophyte. Many of these chemicalcompounds have been found to be pigments. Due to easy visual identification, many pigments from fungal sources havebeen isolated and characterised. This review highlights the potential of endophytic fungi as a source of pigments; withadditional focus on significant bioactivity, major chemical classes and biosynthesis. Existing and potential commercialapplications of natural pigments by endophytes are also discussed.