The 31-year-old car sales manager, who was believed to be a front runner in the Australian version of the cooking reality show, was eliminated earlier this week after failing to impress the judges with his version of a Dan Hong cake and ice cream.
Huxley said that the dish was "the most beautiful dessert [he'd] ever seen" but admitted that sweets are his "weak point".
He said: "I was always going to struggle. I was really proud of the fact that I got every element up [but] it obviously wasn't quite as good as the girls [Ellie Paxton-Hall and Dani Venn].
"Being on MasterChef is a massive commitment. You basically give your life up for the competition to be around food. But the rewards are things like... I cooked in a gold mine, I cooked at Margaret River, I met celebrity chefs, I've done things that I never would have had the opportunity to do so it's more than worth it. It's been a fantastic few months."
After his elimination, the judges praised Huxley for his "resilience" and added: "If there's anyone who can make it as a chef, it's you."
Last week, Andrew Henderson was eliminated from MasterChef. Since leaving, he has accused the judges of "borderline bullying".
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Watch Jay Huxley's MasterChef elimination interview below (Australian readers only):