In this paper, we propose a holographic capture and projection system of real objects based on tunable zoom lenses. Different from the traditional holographic system, a liquid lens-based zoom camera and a digital conical lens are used as key parts to reach the functions of holographic capture and projection, respectively. The zoom camera is produced by combing liquid lenses and solid lenses, which has the advantages of fast response and light weight. By electrically controlling the curvature of the liquid-liquid surface, the focal length of the zoom camera can be changed easily. As another tunable zoom lens, the digital conical lens has a large focal depth and the optical property is perfectly used in the holographic system for adaptive projection, especially for multilayer imaging. By loading the phase of the conical lens on the spatial light modulator, the reconstructed image can be projected with large depths. With the proposed system, holographic zoom capture and color reproduction of real objects can be achieved based on a simple structure. Experimental results verify the feasibility of the proposed system. The proposed system is expected to be applied to micro-projection and three-dimensional display technology.