Natural flavors. The real taste of licorice. Fat free. Natural colors. No preservatives. Molasses, a little wheat flour, licorice extract and aniseed oil. Peppermint. Lemon. The secrets of the world's most delicious licorice. Panda has been producing the world's leading premium quality, soft eating licorice since 1927. Panda Candy Coated Licorice is full of delicious licorice made from all natural ingredients, dunked in a delightfully crispy coating. Being free from all artificial flavors and colors and cooked in such a traditional way by drawing inspiration from the clean Finnish nature, it's easy to see why everyone around the world truly loves Panda. Made in Finland.