Water, Milk fat, Skim Milk Powder, Emulsifiers (mono- and diglycerides of fatty acid and soya lecithin), Stabilizers (microcrystalline cellulose, sodium carboxymethylcellulose, sodium, aliginate, sodium hexametaphosphate, xanthan gum, carrageenan, disodium phosphate), Natural and nature- Identical Flavors.