Ovaltine Malted Food Drink (400g e) is a malt mix for preparing hot or cold beverages. The original formula was made with milk, eggs, malt and cocoa. Several other versions have been developed over the years, including Ovaltine Classic Malt, Rich Chocolate Mix and Chocolate Malt Mix. Ovaltine is promoted as a healthy beverage for children and grownups alike. Low in calories and fat, this drink fits into most diets and provides essential nutrients that support overall health. Its nutritional value, though, depends on what you mix it with.