Milk; Water; Soybean Oil; Whey; Sodium Phosphate; Whey Protein Concentrate; Carrageenan; Salt; Sodium Citrate; Natural Flavor (Source of Peanut Butter Flavor); Dried Milk Protein; Glucono-delta-lactone; Sorbic Acid (preservative); Lactic Acid; Caramel Color; Paprika and Annatto Extracts (color); Dried Lactobacillus Lactis Fermentation Product; Rennet.