The present disclosure relates to a method for preparing a functional composite powder and a functional composite powder, and more particularly, to a method for preparing a functional composite powder, the method including the steps of: preparing a metal material powder and an implantation material; adding the metal material powder and the implantation material into a mixer; and forming a functional composite powder by applying kinetic energy to the metal material powder and the implantation material in the mixer, and a functional composite powder prepared by the method.