The invention relates to a conjugate of a
sugar compound selected from the group consisting of disaccharides, oligosaccharides and polysaccharides and at least one hydrophobic compound selected from the group consisting of terpenes,
polyterpenes and polyterpene ethers, in which the hydrophobic compound in the conjugate is bound directly to the
oxygen atom of the
sugar or is present as a group of formula (I) or (II): R-O-(Y) k-A1-X1-(I) R-O-(Y) k-A1-X2-A2-X3-(II), wherein in the formulae (I) and (II), R is a group of a
terpene compound, a polyterpene or a polyterpene
ether compound, k is 0 or 1, Y is C (O) or C (O) NH, A1 is a direct bond or a C1-C6 alkylene group, A2 is a C2-C10 alkylene group, X1 is C (O), or if k = 1 and A1 is a C1-C6 alkylene group, may also be OC (O) or NHC (O), and wherein X1 is attached to the
oxygen atom of the
sugar compound, 20X2 is C (O) NH or NHC (O) NH, X3 is N = or NH-, and X3 is N = or NH-. And wherein X3 in formula (II) is attached to the
carbon atom of the sugar compound. The invention also relates to the use of such a conjugate as a stabilizer for aqueous emulsions of liquids immiscible with water.