<p>The paper covers topics ranging from hyperspectral imaging applications to innovative algorithms that have enhanced the analysis of hyperspectral data. We delve into the practical applications, including Agriculture, Food Quality and Safety, Earth Sciences, Exploration and Monitoring, Healthcare, Pharmaceuticals, Medical Imaging, Industrial Manufacturing, Management, Conservation, Safety and Security. Our goal is to provide a holistic understanding of how hyperspectral imaging is transforming these fields and driving new possibilities. We also discussed detailed algorithmic development in Hyperspectral Imaging including Supervised and Unsupervised algorithms. We reviewed algorithmic development from the early 1980’s to recent developments including Artificial Intelligence involving algorithms from Machine Learning to Deep Learning. We believe our paper will be of particular interest to your readers for those who wish to study algorithm development from simple image processing procedures to AI based approaches and how these algorithms are used in diverse applications to make intelligent decisions for increasing productivity and efficiency in Agriculture, Exploration and Management and identification of diseases and natural resources. Our paper is well organized into various sections as per algorithms and applications. We reviewed more than 250 papers with proper citations and authors' research work.</p>