The present invention provides a hologram recording material which attains high refractive index change, flexibility, high sensitivity, low scattering, environment resistance, durability, low shrinkage, and high multiplicity, and is suitable for volume hologram recording. Also, the present invention provides a hologram recording medium. A hologram recording material comprising: an organometallic compound at least containing at least two kinds of metals, oxygen, and an aromatic group, and having an organometallic unit wherein two aromatic groups are bonded directly to one metal; metal oxide fine particles; and a photopolymerizable compound. For example, the metal oxide fine particles are selected from the group consisting of silica fine particles, alumina fine particles, titania fine particles, zirconia fine particles, and complex oxide fine particles containing one or more kinds of metal atoms which constitute said four metal oxides. A hologram recording medium 11 has a hologram recording material layer 21.