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Carotenoids, being colorful pigments with colors ranging from yellow to red, are important in food industry providing both lipophilic and hydrophilic groups, provitamin A activity and anticarciogenic properties. The commercial value of carotenoids is closely related to the color stability. Therefore, this work aims to study the stability of enzyme extracted carotenoid pigments under different processing and storage conditions. Orange peels from the wastes of fruit juice production were used as a potential rich source of pigments. Orange peel samples were either directly extracted or pretreatments of blanching, 0.2% sodium-bisulfıte solution or combinations of these two were applied. Extracted pigments were stored at 4 oC, 25 oC (under light and dark) and 40 oC. Stability of enzyme extracted pigments were higher than that of solvent extracted whereas pretreatments were resulted in pigment loss. Half-life, defined as the time corresponding 50% loss of pigments, of the samples stored at 4 oC was 78 days in directly extracted, 27 days in blanched, 31 days in Na-bisulfite treated and 30 days in the combination of the last two. This work can be considered as a preliminary study on the industrial scale production and potential usage of the carotenoid pigments as fully natural food coloring agent in food systems.