Since 2010, polymer-based magnetoelectric (ME) composites have been developed with detailed investigations of multiferroic properties such as piezoelectric, magnetostrictive, and magnetoelectric, etc. In particular, as a piezoelectric polymer, poly(vinylidene fluoride) and its co-polymers have been widely used in ME composites for energy harvesting, health monitoring, environment treatment, and bio-medical applications. In this study, main research trend and selected experimental results of polymer-based ME composites are briefly reviewed with respect to composite structure as well as application field. A conclusion was drawn that the polymer-based ME composites would be feasible as flexible devices or functional membranes in the near future.