The present invention has the objective to provide a stable gas-in-oil-in-water emulsion. Such emulsions can be used as food products, for example as a mayonnaise or salad dressing. This objective has been achieved by a gas-in-oil-in-water emulsion, which is prepared by combining a mixture of sucrose fatty acid ester in water, with an aerated oil containing sucrose fatty acid ester. The aerated oil is dispersed in the aqueous phase, to a product containing oil droplets containing gas bubbles in a continuous aqueous phase. A gas-in-oil-in-water emulsion has been developed which is stable against oil exudation, phase separation and phase inversion for at least two months.
