BackgroundAstaxanthin is approved by Food and Drug Administration (FDA) as a safe dietary supplement for humans. Astaxanthin, as a potent lipid‐soluble keto‐carotenoid, is widely used in food, cosmetics and pharmaceutical fields. However, the low solubility of astaxanthin limits its powerful biological activity and application in the aforementioned fields. This study aims to develop a delivery system to address the low solubility and bioavailability of astaxanthin and to enhance its antioxidant capacity.ResultsAstaxanthin‐loaded Composite Micelles were successfully prepared via Coaxial Electrospray Technology. Astaxanthin was existed in the amorphous state in the electro‐sprayed formulation with an approximate particle size of 186.28 nm with a polydispersity index of 0.243. In this delivery system, Soluplus and copovidone (PVPVA 64) were the main polymeric matrix for astaxanthin, which then released the drug upon contact with aqueous media, and results in an overall increase of drug solubility and a release rate of 94.08 %. Meanwhile, lecithin and PEG‐g‐CS could support the absorption of astaxanthin in the gastrointestinal tract and help the transmembrane transport. Consequently, the relative bioavailability reached about 308.33% and the ROS scavenging efficiency of formulation was 44.10 %, which was 1.57 times higher than that of free astaxanthin (28.10 %) when both were at the same concentration level based on astaxanthin.ConclusionIt could be deduced that coaxial electrospray could be applied to prepare a composite micelles system for the delivery of poorly water‐soluble active ingredients found in the fields of functional food, cosmetics and medicine.This article is protected by copyright. All rights reserved.