Litsea cubeba (Lour.) Pers. is a traditional essential oil tree species. In recent years, it has also been regarded as an oil or energy tree species. Vigorously developing L. cubeba planting can effectively improve the ecological environment and increase the income of farmers in poor mountainous areas. At present, the processing of L. cubeba resources is mainly extensive in China. To increase the added value of L. cubeba resources, new products must be developed, and at the same time more energy-saving and economical extraction methods and purification processes should be sought. This article reviewed the general situation and resource distribution. The chemical composition, physicochemical property of L. cubeba essential oil and its applications in synthetic perfume, food additives, medical care, biological control, food fresh keeping were introduced, as well as the fattyacid composition, physicochemical of L. cubeba kernel oil and its applications in pomace feedstuff, liquid biofuels and surfactant. And the extraction, separation and purification techonoly of essential oil and kernel oil of L. cubeba were analyzed, as well as the industry scale and condition of supply and demand. The problems in the L. cubeba industry in raw material collection, production and processing technology, sales and brand establishment were explained. And provided countermeasures and suggestions for the future development of the problems encountered by the L. cubeba industry. In order to correctly understand and grasp the development direction of the L. cubeba industry, it provided a reference basis for the formation of a new situation of scientifically optimized allocation of resources, in-depth intensive development, and comprehensive and efficient utilization of L. cubeba resources.