Gas-liquid mass transfer is a significant issue in most bioprocesses. More importantly, gas-liquid mass transfer limitation requires further attention during syngas fermentation (SNF). The gas-liquid mass transfer of gaseous substrates (CO, CO2, and H2) into the fermentation broth is a rate-limiting step in SNF that leads to low productivity and poor economic feasibility. Enhancing this process during SNF can result in high efficiency, better production of ethanol, as well as lower energy consumption. While pressure and power input are important factors for improving reactor design, adding magnetic nanoparticles (MNPs) in the liquid phase is critical to achieving an enhanced gas-liquid mass transfer. The present study reviewed recent advances in the application of MNPs for an improved gas-liquid mass transfer during syngas fermentation. A brief overview of SNF and the effects of MNPs on SNF process are outlined. In addition, the hydrodynamic effect at the gas-liquid boundary is also seen as a mechanism in which nanoparticles increase mass transfer, and the mechanism is elucidated in detail.