The invention discloses a refined pepper oil- and/or oil resin-microcapsule and making technique. The microcapsule is made of Arab glue, malt dextrin, soybean protein, refined pepper oil and/or oil resin, and water. It gradually adds Arab glue and malt dextrin in water and heats to dissolve, cools, then adds in soybean protein to blend evenly, then when the temperature is cooled to normal temperature, adds in refined pepper oil and/or oil resin as central material, then homogenizes thrice, cools the mixed liquid to spray and dry, and then makes into microcapsule granules. It avoids oxidation of refined pepper oil and/or oil resin.