A method for encapsulating a readily oxidizable component, comprising: a) forming an oil-in-water emulsion comprising a readily oxidizable component which is present in the oil phase, a film-forming component which is water soluble and comprises a hydrophobic or oleophilic portion so that it may concentrate at the oil and water interface, arid which comprises a protein, a carbohydrate, a hydrocolloid, a starch, or mixtures thereof, and optionally, an acidic antioxidant, a non-acidic antioxidant, or a plasticizer, b) admixing said oil-in-water emulsion with at least one matrix material, a liquid plasticizer for plasticizing said matrix material, and an acidic antioxidant for preventing oxidation of said readily oxidizable component, wherein said liquid plasticizer comprises water and a polyol, solubilizes the acidic antioxidant and disperses and mobilizes the acidic antioxidant throughout the matrix material, and wherein said admixing being such so as to obtain a formable mixture wherein said at least one matrix material contains said acidic antioxidant and encapsulates oil droplets of said oil-in water emulsion which are coated by a film formed from the film-forming component, c) forming said formable mixture into pieces, and d) drying said pieces to obtain dried pieces, wherein said plasticizer is retained in the pieces after drying in a sufficient amount to prevent substantial crystallization of the acidic antioxidant and provides mobility for said acidic antioxidant in the dried pieces, and wherein the final moisture contents range from 2 % to 10 % moisture by weight, based upon the weight of the dried pieces. a) forming an oil-in-water emulsion comprising a readily oxidizable component which is present in the oil phase, a film-forming component which is water soluble and comprises a hydrophobic or oleophilic portion so that it may concentrate at the oil and water interface, arid which comprises a protein, a carbohydrate, a hydrocolloid, a starch, or mixtures thereof, and optionally, an acidic antioxidant, a non-acidic antioxidant, or a plasticizer, b) admixing said oil-in-water emulsion with at least one matrix material, a liquid plasticizer for plasticizing said matrix material, and an acidic antioxidant for preventing oxidation of said readily oxidizable component, wherein said liquid plasticizer comprises water and a polyol, solubilizes the acidic antioxidant and disperses and mobilizes the acidic antioxidant throughout the matrix material, and wherein said admixing being such so as to obtain a formable mixture wherein said at least one matrix material contains said acidic antioxidant and encapsulates oil droplets of said oil-in water emulsion which are coated by a film formed from the film-forming component, c) forming said formable mixture into pieces, and d) drying said pieces to obtain dried pieces, wherein said plasticizer is retained in the pieces after drying in a sufficient amount to prevent substantial crystallization of the acidic antioxidant and provides mobility for said acidic antioxidant in the dried pieces, and wherein the final moisture contents range from 2 % to 10 % moisture by weight, based upon the weight of the dried pieces.