The disclosure provides a multi-type hydrate formation simulation system and a method thereof. The simulation system comprises a hydrate generator, a gas source device and a cryogenic cooler. The hydrate generator comprises a reactor, in which a formation simulation space is provided and can be selectively filled with a loose formation skeleton or a consolidated formation skeleton. The gas source device is configured to introduce natural gas at a preset pressure into the formation simulation space. The cryogenic cooler comprises a temperature-adjustable thermotank, in which the hydrate generator is arranged. The simulation system and method provided can be used to study the influence of consolidated hydrate formation structures and loose hydrate formation structures and particle contact modes on the physical properties of hydrate rock, and are of great significance to the interpretation of hydrate formation exploration data and the estimation of hydrate saturation.