The alloy powder sleeve cutter comprises a cutter body, the cutter body comprises a cutter body, a cutting edge and a filling groove, the cutting edge is arranged at the edge of the cutter body, the filling groove is formed in the cutting edge, the appearance of the filling groove has a radian, and the filling groove is filled with alloy powder. The preparation method is simple, the process conditions are loose, implementation is easy, the alloy powder layer is sprayed and welded through laser cladding, one side of the cutting edge part is filled with alloy powder, the other side of the cutting edge part is the base material, and the hardness and wear resistance of the alloy powder layer are higher than those of the base material, so that when the kitchen cutter is frequently used, the cutting edge part is not damaged at the cutting edge position; the base material layer can be abraded during cutting, the alloy powder layer cannot be abraded, the base material layer can be thinned by grinding, the cutting edge is sharper and sharper under the condition of long-term use, the cutter is good in lasting sharpness, alloy powder is dispersed uniformly, the longitudinal and transverse uniformity of the internal organization structure of a product is guaranteed, and the abrasion resistance is improved.