Proposed are a plastic foam product added with EVA recycled pellets and a method of manufacturing the same, in which there is provided a process for manufacturing a shoe sole by recycling shoe molding waste generated due to defective judgment during a shoe manufacturing process and used shoe waste discarded after use of finished shoe products, thereby allowing shoe manufacturing to meet the trend of pursuing eco-friendly products in Korea and in markets such as Europe, and there is provided a process in which dispersion between materials is strengthened in the process of manufacturing a plastic foam product by adding EVA recycled pellets to an EVA foam compound and mixing them with each other, thereby enabling uniform foaming and thus realizing a good shape and improving the strength and quality of the product.