What is a baking emulsion? A baking emulsion is a flavor suspended in a base containing mostly water. In contrast, baking extracts are flavors suspended in a base containing mostly alcohol. Our Bakery Emulsions are not compromised by the flavor of alcohol and don’t “bake-out” when exposed to heat like an extract flavor. Use anywhere you would a baking extract – in cakes, cookies, cheesecakes, frostings and more.