Hyperspectral imaging (HSI) facilitates better characterization of intrinsic and extrinsic properties of foods by integrating traditional spectral and image techniques, in which careful and sophisticated data processing plays an important role. In the past decade, much progress has been made on applying various algorithms to deal with hyperspectral images. This review first introduces the general procedure of hyperspectral data analysis and then illustrates the most typically and commonly used algorithms for denoising, feature selection, model establishment, and evaluation, as well as their applications for assessing food quality, safety, and authenticity. Finally, brief summaries for regression and classification methods are presented. This article will provide a guideline for data mining in the future development of HSI in the food field.