Synthetic astaxanthin was microencapsulated in a chitosan matrix cross-linked with glutaraldehyde by using the method of multiple emulsion/solvent evaporation. A powdered product was obtained containing microcapsules with a diameter of 5–50 μm. The stability of the pigment in the microcapsules was studied under storage at 25, 35 and 45 °C for 8 weeks by measuring isomerization and loss of concentration of pigment. Pigments were extracted from the microcapsules with a mixture of dichloromethane/methanol (50:50) and the astaxanthin was analyzed by HPLC with a diode array detector (480 nm). Results showed that the microencapsulated pigment did not suffer isomerization nor chemical degradation under the investigated storage conditions.