The invention discloses a preparation method of caramel pigment. By optimizing the preparation process of the caramel pigment, the content of 4-methylimidazole can be effectively reduced; in addition,in the coking reaction process, by adding saccharose ester, viscosity during sugar discharging is effectively reduced, color rate is not influenced, and the application range of products is improved;meanwhile, the invention further discloses a production device for preparing the caramel pigment, the production device comprises a kettle body, a spiral stirring piece, a material discharge valve, amobile layer, a fixed layer and the like, by adopting the production device, reaction materials can be uniformly heated, less foam is produced during coking, and product quality is uniform; double-layer design is adopted for the material discharge valve in the production device, the fixed layer and the mobile layer are provided with one-to-one corresponding through holes, the mobile layer can berotated to enable the one-to-one corresponding through holes to be staggered, the closure of the material discharge valve is realized, the one-to-one corresponding through holes are communicated by rotating the mobile layer, the opening of the material discharge valve is realized, the coked large-particle defective products can be effectively filtered, the quality of products is guaranteed, meanwhile, waste products are convenient to recycle, waste is reduced, and the production cost is saved.