The invention discloses fruit fragrance type natural lip balm and a preparation method thereof. The preparation method includes: heating to melt solid grease including cera alba, candelilla wax and shea butter in a constant-temperature water bath kettle of 70-80 DEG C; adding liquid grease including olive oil, poppy seed oil and sweet almond oil into the water bath kettle, and continuing heating until all the grease melts to obtain a liquid composite base material; pouring the liquid composite base material into a mould, and placing the mould into an ultralow-temperature environment of minus 50-minus 60 DEG C to perform freezing forming; inserting the formed lip balm into a lip balm tube, and using the vacuumizing principle to separate the lip balm from the mould to obtain the fruit fragrance type natural lip balm. The fruit fragrance type natural lip balm and the preparation method thereof have the advantages that the natural poppy seed oil, the olive oil, the sweet almond oil and the organic shea butter are used as the active raw materials, the components are combined to achieve a synergic effect, and the prepared fruit fragrance type lip balm is excellent in moisturizing effect, quite mild to the lip skin and nonirritating; no heavy metal and toxic chemical substances are added to the lip balm, and the lip balm is pure natural and edible.