The present invention provides recipe and production process of olive powder. The recipe includes olive, sodium ascorbate, sodium hexametaphosphate, beta-cyclodextrin, maltodextrin, gelatin, sodium carboxymethyl cellulose, cane sugar, sodium stearate, soft phospholipid, Acesulfame potassium and glycyrrhizin. The production process includes the steps of sorting olive, washing, scalding, cooling, stoning, crushing, freezing, defrosting, squeezing, filtering, concentrating, concentrating, mixing with other materials, drying and sterilizing. The produce process has well preservation of the beneficial components in fresh olive, and the olive powder has wide application foreground in health food and medicine.