The present invention provides a process for recycling waste FRP which can simply and effectively reuse waste FRP. This process comprises the steps of mixing a cellulose fine powder derived from wood, a resin powder, and an FPR powder derived from waste FRP, to obtain a mixture; and melting and molding the mixture into a given shape to prepare a molded resin product containing 10-65% by weight of said cellulose fine powder, 25-40% by weight of said resin powder, and 10-30% by weight of said FPR powder on the basis of the mixture.