Marine gravity field recovery relies heavily on satellite altimetry. Thanks to the evolution of altimetry missions and the improvements in altimeter data processing methods, the marine gravity field model has been prominently enhanced in accuracy and resolution. However, high-accuracy and high-resolution gravity field recovery from satellite altimeter data remains particularly challenging. We provide an overview of advances in satellite altimetry for marine gravity field recovery, focusing on the impact factors and available models of altimetric gravity field construction. Firstly, the evolution of altimetry missions and the contribution to gravity field recovery are reviewed, from the existing altimetry missions to the future altimetry missions. Secondly, because the methods of altimeter data processing are of great significance when obtaining high-quality sea surface height observations, these improved methods are summarized and analyzed, especially for coastal altimetry. In addition, the problems to be resolved in altimeter data processing are highlighted. Thirdly, the characteristics of gravity recovery methods are analyzed, including the inverse Stokes formula, the inverse Vening Meinesz formula, Laplace’s equation, and least squares collocation. Furthermore, the latest global marine gravity field models are introduced, including the use of altimeter data and processing methods. The performance of the available global gravity field model is also evaluated by shipboard gravity measurements. The root mean square of difference between the available global marine gravity model and shipboard gravity from the National Centers for Environmental Information is approximately 5.10 mGal in the low-middle latitude regions, which is better than the result in high-latitude regions. In coastal areas, the accuracy of models still needs to be further improved, particularly within 40 km from the coastline. Meanwhile, the SDUST2021GRA model derived from the Shandong University of Science and Technology team also exhibited an exciting performance. Finally, the future challenges for marine gravity field recovery from satellite altimetry are discussed.