The Near infrared spectroscopy analysis technique, with the characteristics of high efficiency and speediness, non-destructiveness, environmentally friendliness and easiness to operation, has developed fast in the past few years and is widely used in quality identification of agricultural products. In this paper, it was summarized and prospected the application progress in many aspects, such as the detections of physicochemical index of edible oil, chemical changes during frying, adulterated oils, and the kinds of edible oil by using Near Infrared Spectroscopy analysis technique and chemometrics in recent years. This review provided the direction and basis for the further analyses of edible oil and the protection of consumers’ health.