The invention discloses a color, flavor and safety three-effect food fumeol and its preparation method. The fumeol provided by the invention contains the following main components of: a phenol substance, a carbonyl compound, an organic acid substance, an ester matter, ethanol, reducing sugar, amino acid, an emulsifier, sodium polyacrylat, B vitamins, sodium erythorbate and water. In addition, oneor more components selected from a group consisting of a tea tree extract product, a beech extract product, a cypress branch extract product and a fruit tree extract product can also be added. The preparation method of the fumeol is simple, is easy to operate in batch production, and has good repeatability; the preparation process requires no smoke, is safe and protects the environment; and smoked products prepared by the use of the fumeol has a good local flavor as well as good color. Therefore, the food fumeol provided by the invention has an extensive application prospect.