A composite powder comprising a core powder having an average particle size of 0.5 to 100 .mu.m substantially completely covered with a coating powder having an average particle size of one-fifth or less of the average particle size of the above-mentioned core powder, said core powder being at least one powder selected from the group consisting of polyamide resin, polyethylene resin, acrylic resin, polyester resin, fluorine resin and cellulose resin, and said coating powder being at least one coating powder selected from the group consisting of titanium dioxide, talc, kaolisite, zinc white, magnesium oxide, calcium oxide, barium sulfate, magnesium carbonate, calcium carbonate, silica, calcium secondary phosphate, iron oxide, chromium oxide, chromium hydroxide, ultramarine blue, prussian blue, hydroxyapatite, and silicon treated, activant treated and wax treated powder thereof, aluminum gold, silver, and iron powder and the halogen compounds thereof, said composite powder being produced by dry mixing and dry compressing the organic or inorganic powder constituting the core powder and one or more types of the organic, inorganic, or metallic powders constituting the coating powder, a mixer charged with a ball shaped mixing medium having an average diameter of at most 5 m being used to produce the composite powder.