The invention discloses vegetarian meat having health care functions. The vegetarian meat is prepared from the following raw materials in parts by weight: 10-20 parts of pleurotus eryngii, 10-20 parts of agrocybe cylindracea, 10-20 parts of shiitake mushrooms, 18-25 parts of coprinus comatus, 10-20 parts of bamboo funguses, 10-20 parts of apricot kernels, 8-12 parts of soy protein isolate, 3-8 parts of vital wheat gluten, and 3-8 parts of peanut protein. The invention further discloses a preparation method of the vegetarian meat having the health care functions. The preparation method comprises eight technology procedures of selecting materials, performing cleaning, performing drying, performing milling to obtain powder, performing blending, performing shaping, performing sterilization and performing warehousing. The vegetarian meat disclosed by the invention is elaborately made from purely natural nutrient components by a physical method, free from additives, rich in nutrient components, and reasonable in collocation of nutrient structures, has health-care efficacy of resisting ageing, beautifying the features, reducing blood pressure, reducing blood lipid, resisting cancer and the like, and is good in color, delicious, long in aftertaste, rich in fragrance, easy to absorb, and safe and relieved to eat.