The invention discloses a production method of a low-temperature plasticized fiber composite material and a product thereof, and the method comprises the following steps: step 1, adding a polycaprolactone raw material into a drying box, drying the raw material at 30-50 DEG C, and putting a fiber raw material into the drying box, and drying the fiber raw material at 110-130 DEG C; step 2, adding 0.03-0.04% of a cross-linking sensitizer into the dried polycaprolactone raw material, and stirring the raw material in a high-speed stirrer to obtain a polycaprolactone mixture; step 3, mixing the polycaprolactone mixture and the dried fiber raw materials according to a mass ratio of 1:0.4-1:1.2, carrying out high-temperature fusion, and cooling the mixture to obtain a composition sheet; step 4, carrying out radiation crosslinking treatment on the composition sheet to crystallize the polycaprolactone polymer, so as to obtain the low-temperature plasticized fiber composite material with high hardness at normal temperature. The material can be used for manufacturing insoles of high-heeled shoes.