)An oi l-in-water emulsion com prisi ng hydrophobi n and oi l wherein the oil-in-water emulsion has an overrun of less than 35% and wherein the oil phase has an iodine value of greater than 40 characterised in that the ratio of hydrophobin to oil is greater than 20g/litre is provided. Products comprising such an oil-in-water emulsion is also provided.