The present invention relates to a Hericium erinaceus-containing cereal comprising grain or legume, saccharide and Hericium erinaceus, and a method for preparing the same. The Hericium erinaceus-containing cereal according to the present invention enables the Hericium erinaceus component having excellent anticancer and brain function-activating effects to be naturally taken as a meal replacement or a light meal by people of all ages and both sexes without rejection.