The quality of powder used in powder bed-based additive manufacturing plays a key role concerning process performance and end part properties. Even though this is a generally accepted fact, there is still a lack of a comprehensive understanding of the powder property-part property relationship. However, numerous investigations focusing on selected powder properties and their corresponding influence on process aspects or final part properties have been published in recent years. Still, generalized statements on powder requirements for a defined process performance are not available. This can be attributed to the fact that the community has not yet come to an agreement which characterization techniques are most suitable for powder characterization in the additive manufacturing context and in most cases only selected aspects have been investigated for special powder materials. The aim of this review is to assess these building blocks of knowledge and to provide an overview on the current state of the art.