A process for preparing an acetoglyceride composition comprising a high amount of monoacetyl monoacyl glycerides comprising the steps of: (a) providing a reaction mixture comprising long chain fatty acid moieties, glycerol moieties and short chain carboxylic acid moieties; (b) adding a catalyst; (c) allowing this reaction mixture to approach or reach equilibrium and optionally shift the position of this equilibrium by removing the most volatile component or components from said reaction mixture; (d) inactivating and/or removing the catalyst from the reaction mixture; (e) purifying the reaction mixture; wherein the purification step (e) comprises a separation of said reaction mixture into an acetoglyceride fraction and one or more non-acetoglyceride fractions and that at least one of those non-acetoglyceride fractions is recycled by being incorporated into the reaction mixture provided in step (a); wherein the molar ratio of the long-chain fatty acid moieties and the glycerol moieties in the reaction mixture provided in step (a) is between 1:8 and 1:3; wherein the molar ratio of the short chain carboxylic acid moieties and the glycerol moieties in the reaction mixture provided in step (a) is between 1.5:1 and 3:1; and wherein the molar ratio of (i) the sum of long-chain fatty acid moieties and short chain carboxylic acid moieties and (ii) the glycerol moieties does not exceed 2.9: 1; the long chain fatty acid moieties being acyl moieties, wherein the fatty acid moieties have a linear, saturated or unsaturated, C 14 - C 24 alkyl chain; the short chain carboxylic acid moieties being acetyl groups; the acetoglyceride comprising the following group of compounds: monoacetyl diacyl glycerides, diacetyl monoacyl glycerides and monoacetyl monoacyl glycerides; the monoacetyl monoacyl glycerides being glycerol esters having one acyl group, one acetyl group and one free hydroxy group; the monoacetyl diacyl glycerides being glycerol esters having two acyl groups and one acetyl group; the diacetyl monoacyl glycerides being glycerol esters having one acyl group and two acetyl groups; the monoacetyl monoacyl glycerides and diacetyl monoacyl glycerides being acetoglycerides having one long chain fatty acid moiety; and the monoacetyl diacyl glycerides being glycerides having two long chain fatty acid moieties. (a) providing a reaction mixture comprising long chain fatty acid moieties, glycerol moieties and short chain carboxylic acid moieties; (b) adding a catalyst; (c) allowing this reaction mixture to approach or reach equilibrium and optionally shift the position of this equilibrium by removing the most volatile component or components from said reaction mixture; (d) inactivating and/or removing the catalyst from the reaction mixture; (e) purifying the reaction mixture; wherein the purification step (e) comprises a separation of said reaction mixture into an acetoglyceride fraction and one or more non-acetoglyceride fractions and that at least one of those non-acetoglyceride fractions is recycled by being incorporated into the reaction mixture provided in step (a); wherein the molar ratio of the long-chain fatty acid moieties and the glycerol moieties in the reaction mixture provided in step (a) is between 1:8 and 1:3; wherein the molar ratio of the short chain carboxylic acid moieties and the glycerol moieties in the reaction mixture provided in step (a) is between 1.5:1 and 3:1; and wherein the molar ratio of (i) the sum of long-chain fatty acid moieties and short chain carboxylic acid moieties and (ii) the glycerol moieties does not exceed 2.9: 1; the long chain fatty acid moieties being acyl moieties, wherein the fatty acid moieties have a linear, saturated or unsaturated, C 14 - C 24 alkyl chain; the short chain carboxylic acid moieties being acetyl groups; the acetoglyceride comprising the following group of compounds: monoacetyl diacyl glycerides, diacetyl monoacyl glycerides and monoacetyl monoacyl glycerides; the monoacetyl monoacyl glycerides being glycerol esters having one acyl group, one acetyl group and one free hydroxy group; the monoacetyl diacyl glycerides being glycerol esters having two acyl groups and one acetyl group; the diacetyl monoacyl glycerides being glycerol esters having one acyl group and two acetyl groups; the monoacetyl monoacyl glycerides and diacetyl monoacyl glycerides being acetoglycerides having one long chain fatty acid moiety; and the monoacetyl diacyl glycerides being glycerides having two long chain fatty acid moieties.