The present invention provides a hologram recording material and a hologram recording medium that can stably maintain the shape of a recording layer and achieve high diffraction efficiency. A hologram recording material comprising a photoradical polymerizable compound (A), a photopolymerization initiator (B), and a dispersion medium (C). The medium (C) is selected from the group consisting of: a compound of the formula (I):
wherein R11 is a divalent C2-4 hydrocarbon group, R12 and R13 each independently represent a C1-10 hydrocarbon group, k, l, m and n are each independently a number of 0 or more and 5 or less; and a compound of the formula (II):
wherein R21 represents a divalent C1-6 hydrocarbon group, R22 and R23 each independently represent a C1-12 hydrocarbon group, and at least one of R22 and R23 represents a C5-12 hydrocarbon group.