The present invention provides gouache and a preparation method therefor. The gouache provided by the present invention comprises filler, an adhesive, a colorant and an essence, wherein the adhesive comprises a synthetic gum powder raw material, a natural gum powder raw material, a moisturizing agent, a preservative and distilled water. The synthetic gum powder raw material comprises methyl cellulose, and the natural gum powder raw material comprises peach gum and arabic gum. The gouache is prepared by steps of adhesive preparation, powder mixing, milling, drying, disinfection, screening, perfuming, press forming etc. The gouache provided by the present invention has moderate viscosity, bright color, an ideal water solution speed, an ideal thickness and ideal coverage. The gouache is suitable for being used as a gouache material in children' s art.