The present invention relates to the well drilling field in petrochemical industry, and discloses a drilling fluid additive composition and water-based drilling fluid suitable for horizontal shale gas wells. The composition comprises a nano-plugging agent, a bionic wall bracing agent, a bionic shale inhibitor, an emulsifier, and an amphiphobic wettability reversal agent, wherein, the nano-plugging agent is modified silicon dioxide nano-particles, and its modifying group includes an acrylic copolymer chain; the bionic wall bracing agent is carboxymethyl chitosan with a dopamine-derived group grafted on its main chain; the bionic shale inhibitor is composed of structural units of arginine and structural units of lysine; and the amphiphobic wettability reversal agent is a dual-cation fluorocarbon surfactant. The drilling fluid containing the additive composition provided in the present invention has high temperature-resistance, high plugging and high inhibition performance, is environment friendly, especially has high density, and is applicable to shale gas mining.