The invention discloses a sausage with no nitrite and a preparation method thereof. The sausage is prepared from, by weight, 400-600 parts of streaky pork, 200-300 parts of chicken, 150-315 parts of soybean protein, 6-12.15 parts of salt, 6-12.15 parts of monosodium glutamate, 6-12.15 parts of chicken essence, 6-12.15 parts of white granulated sugar, 0.75-1.82 parts of five-spice powder, 1.125-24.3 parts of carrageenan, 7.5-18 parts of sodium alginate, 0.075-0.12 part of isoascorbic acid, 0.375-1.2 parts of tripolyphosphate, 1.5-3.0 parts of glucose lactone, and 0.75-1.94 parts of nitrite substitutes. The preparation method includes material selecting, meat mincing, preparation of the nitrite substitutes, preparation of sausage stuffing, sausage filling, boiling, cooling and packing. The nitrite substitutes are prepared from natural medicine and food homologous resources and extracts in microorganisms, and can be used as substitutes to prepare sausages. The prepared sausage has similarsensory quality with sausages prepared by sodium nitrite in the prior art, but can avoid harm brought by the sodium nitrite; and the sausage is a kind of delicious and healthy food, and can accord with demands of consumers on like products so that the sausage is suitable for industrial production.