The invention discloses a formula and a preparation method of corn peptide chewable tablets and belongs to the technical field of functional food. The formula of the chewable tablets comprises corn peptide powder, starch, dextrin, sucrose powder, ascorbic acid, citric acid, milk powder, mannitol, magnesium stearate and fresh milk essence. According to the preparation technology, 5 to 15 percent of corn peptide is used as a main functional component, 60 to 80 percent of starch, dextrin and sucrose powder (the ratio of the starch to the dextrin to the sucrose powder is 6:2:2 or 7:1:3) is used as a filling agent, 2 to 6 percent of ascorbic acid and citric acid (the ratio of the ascorbic acid to the citric acid is 1:1 or 2:1) is used as a sour agent, and 0 to 2 percent of milk powder, 0 to 9 percent of mannitol, 2 to 3 percent of magnesium stearate and 1 percent of fresh milk essence are used as other auxiliary materials; and the chewable tablets are prepared by virtue of the processes such as raw material treatment, mixing, granulation, reshaping and tabletting. The chewable tablets are smooth and round in appearance, sour, sweet, tasty, compact in section tissues and easy to preserve, has the advantages of convenience in transportation, long quality guarantee period and the like, and is easy to eat.