The invention relates to the field of diffusion plates, in particular to a foaming light diffusion plate and a preparation method and application thereof. Compared with a chemical foaming agent, supercritical fluid is used for foaming to prepare the light diffusion plate, residues of toxic substances cannot be caused, meanwhile, the prepared light diffusion plate has excellent optical performance by controlling the introduction rate of the supercritical fluid, gathered point light sources can be homogenized, and the light diffusion plate has excellent haze; the maximum haze can reach 99.6%, the soft and uniform lighting effect can be achieved, meanwhile, the high light transmittance is achieved, the maximum light transmittance can reach 52.6%, and too high light loss cannot be caused; besides, the mass of the light diffusion plate is effectively reduced, the usage amount of raw materials is reduced, the production cost is reduced, meanwhile, the better mechanical strength is maintained, and the light diffusion plate has good impact resistance, smoothly passes an IK03 test and is wide in application prospect.