The invention discloses a cigarette tow with a phase change heat absorption function. The tow is obtained as follows: microcapsules containing a phase change agent are added to a food fiber-grade polylactic acid material in a melt spinning process, and drying, melting, spinning, cooling, oiling, drafting, crimping and drying setting processes are performed. During smoking of a cigarette with a filter tip processed from fiber prepared with the preparation method, polylactic aid hollow fiber has high adsorption/absorption capacity for polar and non-polar smoke component gases; meanwhile, the temperature of smoke passing through the filter tip is increased, the polylactic acid material and the phase change material in the microcapsules absorb heat during phase state conversion, the smoke temperature is decreased, a harm reduction effect is realized, the prepared cigarette with the polylactic acid filter tip has unique smell absorption style, and harmful substances in smoke can be effectively filtered out.