The invention discloses application of phytosterol ester and conjugated linoleate in a functional meat product. The invention also discloses a processing method for preparing the functional meat product by using the phytosterol ester and the conjugated linoleate, and a processed functional meat product. Based on 100 parts of the functional meat product, the functional meat product consists of thefollowing raw materials in part by weight: 75 to 90 parts of lean meat, 0.05 to 0.30 parts of the phytosterol ester with the purity of 55 to 97 percent, 0.4 to 2.0 parts of the conjugated linoleate with the purity of 78 to 84 percent, 0.01 to 7.5 parts of auxiliary materials, a proper amount of flavoring agent and 0 to 9 parts of fatty meat. The functional meat product added with the phytosterol ester and the conjugated linoleate obtained by the processing method of the invention has the characteristics of good mouthfeel, health-care effect of reducing serum cholesterol level after being eaten, contribution to preventing cardiovascular and cerebrovascular diseases caused by high cholesterol, and suitability for middle-aged and elderly people and people with high cholesterol.