Water, Sugar, Soybean Oil, and Less Than 2% of Dipotassium Phosphate, Micellar Casein (a Milk Derivative), Mono - and Diglycerides, Cellulose Gel, Cellulose Gum, Carrageenan, Natural & Artificial Flavor Sucralose, Acesulfame Potassium (Non-nutritive Sweetener).