The invention discloses 430 ferritic stainless steel for kitchen ware panels and a preparation method thereof. The 430 ferritic stainless steel comprises the following components in percentage by mass: 0.030-0.05% of C, 0.02-0.05% of N, 0.20-0.40% of Si, less than or equal to 0.20% of Ni, less than or equal to 0.35% of Mn, 16.00-16.50% of Cr, less than or equal to 0.035% of P, less than or equal to 0.010% of S, and the balance of Fe and inevitable impurity elements. The equivalent value of nickel is not greater than 2.00, and the equivalent value of chromium is not less than 16.50. During preparation, a hot-rolled black skin roll is subjected to cover annealing, acid pickling, cold rolling, cold annealing and acid pickling, leveling and other procedures to be prepared into a finished product with the required target thickness. The formula and the preparation process of the 430 ferritic stainless steel are scientific and reasonable, and the prepared stainless steel has higher ferritic stability and lower hardness and yield strength, so that the material is more suitable for stamping, can meet the requirement of cost control in the kitchen ware industry, and is suitable for production and processing of high-end kitchen ware.