A co-extruded dual component food product of the type comprises a cereal-based outer component and an inner cream textured component encapsulated within the cereal-based outer component. The cream textured component comprises an aqueous phase dispersed in a continuous oil phase, and the aqueous phase of the emulsion comprises at least partly gelatinised starch. Also described is a method of producing a dual component food product of the type comprising a cream textured inner component encapsulated within a cereal-based outer component. The method comprising the steps of mixing starch and water to provide an aqueous phase, mixing the aqueous phase with an oil phase to provide a cream textured inner component in the form of a water in oil emulsion having a first viscosity, preparing and cooking the cereal-based outer component, extruding the hot cereal-based outer component, injecting the cream textured inner component into the hot cereal based outer component, and allowing the starch in the aqueous phase to at least partly gelatinise to provide a cream textured component having a viscosity greater than the first viscosity.
