Caramel M&M's Ingredients: Milk chocolate (sugar, chocolate, cocoa butter, skim milk, lactose, milkfat, soy lecithin, salt, natural flavor), sugar, corn syrup, hydrogenated vegetable oil (coconut and palm oils), skim milk, milkfat; less than 2% of: cornstarch, lactose, dextrin, salt, colors (includes blue 1 lake, yellow 6, red 40, yellow 5, blue 1, yellow 6 lake, red 40 lake, yellow 5 lake, blue 2 lake, blue 2), carnauba wax, chocolate, artificial flavor, gum acacia.k products.