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Home » Recipes » Smoothies, Drinks and Cocktails

Decadent Malted Milk Hot Chocolate

Updated: Mar 21, 2026 · Published: Feb 7, 2023 by Jennifer

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Rich, creamy, and Decadent Malted Milk Hot Chocolate is the hot chocolate you didn't know you needed. Malted milk powder is mixed in to add richness and body, and takes the chocolate flavor to the next level. This hot chocolate is not for the faint of heart, it's intense, velvety texture is for true chocolate lovers.

Malted milk hot chocolate in a grey mug with whipped cream and snowman marshmallows.

I'm throwing out all my hot chocolate mixes. Yep- I said it. It's a bold statement, but it's so easy to make hot chocolate at home; why would I open a sad packet of questionable ingredients? My milk deserves better!

This malted milk hot chocolate uses just a few ingredients, including real chocolate (instead of cocoa powder), malted milk powder, espresso powder, and milk. It's thick and creamy with an intense chocolate flavor that will make you swoon. Yes-swoon!

Jump to:
  • Key ingredients
  • Instructions
  • 👩‍🍳Expert tip
  • What to serve with hot chocolate
  • Storage
  • FAQ
  • More cold weather recipes
  • 📖Recipe

Key ingredients

Just a few ingredients are needed to transform your next cup of hot chocolate into a cozy mug of happiness.

  • Milk. I used whole milk, but you can use low-fat milk. The more fat in the milk, the richer the hot chocolate will be.
  • Bittersweet chocolate. Use the best chocolate you can find. Higher-quality chocolate makes a better-tasting hot chocolate. Real chocolate, versus cocoa powder, will yield a velvety smooth drink. Semi-sweet chocolate can be used, but it contains less cocoa and will produce a less intense chocolate flavor. Look for bittersweet baking chips or wafers.
  • Espresso powder. Another secret ingredient that helps boost the chocolate flavor. You can find it in specialty shops. I use this one from King Arthur. Instant espresso granules can also be used.
  • Malted milk powder. I use Carnation Original Malted Milk Powder by Nestle. It comes in 2 flavors, Original and Chocolate. Look for it in the baking aisle or mixed beverage aisle. You can also find other varieties online. Make sure it says malted milk powder and not malt or malt syrup.
  • Whipped cream, marshmallows, cocoa powder, or malted milk balls (Whoppers) for topping.
Malted milk hot chocolate in a grey mug with whipped cream and snowman marshmallows.

Instructions

Start by combining all the ingredients in a small saucepan over medium-low heat. Whisk all the ingredients continuously until the chocolate is melted and the ingredients are well blended about 3-5 minutes. Serve hot with any desired toppings!

👩‍🍳Expert tip

  • Don't boil. Heat the milk gently over medium-low heat to avoid scorching and separating.

What to serve with hot chocolate

If you want to make your hot chocolate extra special, then you can't go wrong with these toppings. Hat, gloves, and scarf are optional!

  • Marshmallows. Who doesn't love a melty marshmallow floating in their hot chocolate? I've also used marshmallow fluff in the past, since I don't keep marshmallows on hand (usually).
  • Whipped cream. Aside from adding calories, I see nothing wrong with a sky-high whip sitting on my hot chocolate. Just watch your nose when you take that first sip.
  • Cocoa powder. Ok, now you can dust off that cocoa powder in the pantry. Use a fine mesh sieve to sprinkle some cocoa over the top.
  • Malted milk ball candy. If you can get your hands on some malted milk chocolate balls (Whoppers), you have to try crushing some and sprinkling them on top. Malty, milky goodness!
Hot chocolate scene by a window with a hat and scarf in the background and scattered malted milk balls.

Storage

If you can resist not drinking this as soon as you make it, then you can make it in advance and store it in the refrigerator for up to 2 days. When ready to serve, slowly reheat on the stove until hot and blended.

FAQ

What is malted milk?

Malted milk powder is made from evaporated milk, wheat flour, and barley. In the 1800's, it was used as a nutritional supplement for babies who didn't have access to fresh foods.

What does malted milk powder taste like?

On it's own, malted milk powder isn't the most enticing ingredient. In fact, it tastes and smells a bit like wheat or barley. But don't let that discourage you, when used in baking, it intensifies the flavor of just about anything.

Is Ovaltine and malted milk powder the same?

While Ovaltine is a type of malted milk mix, it contains other ingredients, and won't produce the same results. For the purest taste, stick to malted milk powder.

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Made this recipe? I'd love to hear about it. Please leave a ⭐⭐⭐⭐⭐ rating and comment below the recipe. Snapped a photo? Tag @brunchandbatter on Instagram so I can see your creation!

📖Recipe

Malted milk hot chocolate in a grey mug with whipped cream and snowman marshmallows.

Decadent Malted Milk Hot Chocolate

Rich, creamy, and Decadent Malted Milk Hot Chocolate is the hot chocolate you didn't know you needed. Malted milk powder is mixed in to add richness and body, and takes the chocolate flavor to the next level.
5 from 1 vote
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Print Recipe Pin Recipe
Prep Time 2 minutes mins
Cook Time 3 minutes mins
Total Time 5 minutes mins
Course Drinks
Cuisine American
Servings 1 cup (8 ounces)
Calories 995 kcal

Equipment

  • small sauce pan and whisk

Ingredients
 

  • 1 cup milk
  • ½ cup diced bittersweet chocolate, or bittersweet chocolate chips
  • 1 teaspoon espresso powder (or instant espresso granules)
  • 4 teaspoon malted milk powder see notes in post
  • whipped cream, marshmallows, or malted milk balls for serving, optional

Instructions
 

  • Combine all the ingredients in a small saucepan over medium-low heat.
    1 cup milk, ½ cup diced bittersweet chocolate, or bittersweet chocolate chips, 1 teaspoon espresso powder, 4 teaspoon malted milk powder
  • Using a whisk, stir until the chocolate is melted, the ingredients are fully blended and bubbles form just at the edges (do not bring to a full boil), about 3-5 minutes.
  • Serve immediately with whipped cream, marshmallows, or malted milk balls.
    whipped cream, marshmallows, or malted milk balls for serving, optional

Notes

  • I use Carnation Original Malted Milk Powder by Nestle. It comes in 2 flavors, Original and Chocolate. Look for it in the baking aisle or mixed beverage aisle. You can also find other varieties online. Make sure it says malted milk powder and not malt or malt syrup. Do not use Ovaltine.

Nutrition*

Serving: 1 cup | Calories: 995kcal | Carbohydrates: 123g | Protein: 27g | Fat: 44g | Saturated Fat: 35g | Polyunsaturated Fat: 2g | Monounsaturated Fat: 4g | Cholesterol: 50mg | Sodium: 530mg | Potassium: 1608mg | Fiber: 4g | Sugar: 82g | Vitamin A: 592IU | Vitamin C: 3mg | Calcium: 825mg | Iron: 2mg

*Nutrition information is an estimate and provided as a courtesy. Actual values may vary based on ingredients, measurements, and substitutions.

Made this recipe?Leave a comment and a star rating below. If you snapped a photo, tag @brunchandbatter on Instagram!

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About Jennifer


Oh, hey there! I'm Jennifer, the recipe developer and food photographer behind Brunch and Batter. I've been a seasoned home cook (and nurse) for over 28 years, specializing in unique breakfast recipes, updated lunch classics, and simple, no-fuss desserts. I'm so glad you found me! Read more...

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