The present invention provides a thermoelectric material useful for a thermoelectric converter having excellent energy conversion efficiency, and a method for producing the thermoelectric material. The thermoelectric material comprising an oxide containing Ti, M, and O and the oxide is represented by Formula (1). Ti1-xMxOy  (1) M represents at least one selected from the group consisting of V, Nb, and Ta, x is not less than 0.05 and not more than 0.5, and y is not less than 1.90 and not more than 2.02.