Provided is a composite material capable of keeping a good appearance even after heat processed, a method for manufacturing a composite material and a method for manufacturing a molded article. The composite material of the present invention contains a commingled yarn that contains a continuous reinforcing fiber (A) and a continuous thermoplastic resin fiber (B) as fiber components thereof； and a thermoplastic resin fiber (C) that keeps the commingled yarn in place, a thermoplastic resin that composes the thermoplastic resin fiber (C) having a melting point 15°C or more higher than the melting point of a thermoplastic resin that composes the continuous thermoplastic resin fiber (B).
