The invention discloses a LaFeSi based magnetic refrigeration composite material and a preparation method and application thereof. The LaFeSi based magnetic refrigeration composite material comprises functional body components such as LaFeSi based alloy particles and matrix components such as low-melting-point metal or alloy, and the LaFeSi based alloy particles are bonded and coated by the matrix components to form a bulk material; and the LaFeSi based alloy particles are of a NaZn13 type structure. According to the LaFeSi based magnetic refrigeration composite material and the preparation method and application thereof, composite hot pressing is conducted between the cheap and easily-obtained low-melting-point metal or alloy and the LaFeSi based alloy particles, the appropriate low-melting-point components are selected, the pressing pressure, the hot pressing temperature, the pressure maintaining time and the like are adjusted, and thus the high-thermal-conductivity LaFeSi based magnetic refrigeration composite material can be obtained; the magnetic entropy change of the LaFeSi based magnetic refrigeration composite material is less reduced compared with that before hot pressing, the magnetic hysteresis loss is low, and thermal hysteresis is avoided; and in addition, the process is simple and easy to operate, the process conditions are relatively mild, energy consumption is little, the cost is low, the repeatability is good, and the preparation method can be widely used in preparation of magnetic refrigeration materials.