Apparently not much public information is available on the bottled Scandishake, but as far as water content is concerned a pretty accurate conclusion can be derived from the powdered version for which information can be more easily obtained.

For a 600 kcal (2kcal/ml) dosage of Scandishake, there is 1 bag powder and 240 ml of full fat milk. This mix yields 300 ml of liquid. Hence there is 240 ml milk in a 300 ml Scandishake mix, or 80% milk.

Now since regular milk contains about 80% water, the net amount of water in Scandishake mix would be 80% of 80% (i.e. 80% water in milk, and 80% milk in the Scandishake mix), or.

80% x 80% = 64%.

Therefore, in the powdered , which should not differ much from the bottled version for the same calorie yield, there would be 64% (about two thirds) water.

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Here are some web pages for further reference: http://www.nutricia.ch/asp/show_product.asp?id=2673&brand_id=13&market_id=32&lng_id=10&lng2_id=3

http://www.ec.gc.ca/water/en/info/pubs/lntwfg/e_chap1a.htm