Highlights• Lycopene was encapsulated in an oil-in-water macroemulsion.• Macroemulsions of droplet size 300 -500 nm were prepared.• Xanthan gum is an effective stabilizer for oil-in-water macroemulsions.• Storing at refrigerating temperature can protect lycopene from degradation.• Antioxidant activity of lycopene decreases on storage but retains considerably when incorporated in emulsions.
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