The present invention relates to stabilised liquid oxygen releasing composition comprising a component (a) selected from the salts consisting of cations A.sub.n.sup.+ and anions derived from halogen oxides according to the general formula [O.sub.mX].sup.- wherein A is a metal selected from Groups 1 or 2 of the Periodic System of the Elements, X is a halogen atom, m=1-4, n=1 or 2, a component (b) selected from the group of oxygen donors, a component (c) selected from the group of oxygen donor stabilising agents and a component (d) selected from the group of liquid binders. The stabilised liquid oxygen releasing composition can be used in pharmaceutical compositions, cosmetic compositions and food applications, e.g. skin care products, dental care products, tooth whitening products including chewing gums.