The invention relates to a special milk replacing material for goat lambs and application of the special milk replacing material. The milk replacing material comprises the following components: corn powder, extruded soybean, flour, fatty powder, sugarcane, glucose, plasma protein powder, rice protein powder, whey powder, salt, mountain flour, calcium hydrophosphate, 1% of a composite premixed material, a complex enzyme, an antioxidant, yeast, choline, lysine, methionine and threonine, wherein the components are mixed and subsequently prepared into extruded particles, and then the extruded particles are sprayed by soybean oil and lard oil which is liquefied by heating during a tempering process. A raising experiment shows that the milk replacing material product for the goat lamb provided by the invention has the characteristics and performances of extrusion, puffing, high fat, high energy, balanced amino acid and easy digestion, absorption and granulation, and the product has various nutrition ingredients which are similar with that of goat breast milk, so the product provides a powerful support for realizing early ablactation of the goat lambs and further improving the reproductive performance of goats.