Laser-induced Breakdown Spectroscopy (LIBS) is becoming an increasingly popular analytical technique for characterizing and identifying various products; its multi-element analysis, fast response, remote sensing, and sample preparation is minimal or nonexistent, and low running costs can significantly accelerate the analysis of foods with medicinal properties (FMPs). A comprehensive overview of recent advances in LIBS is presented, along with its future trends, viewpoints, and challenges. Besides reviewing its applications in both FMPs, it is intended to provide a concise description of the use of LIBS and chemometrics for the detection of FMPs, rather than a detailed description of the fundamentals of the technique, which others have already discussed. Finally, LIBS, like conventional approaches, has some limitations. However, it is a promising technique that may be employed as a routine analysis technique for FMPs when utilized effectively.