malted milk vs ingredient

malted milk and ingredient both are nouns.

Word	Noun	Adjective	Verb	Adverb
malted milk	Yes	No	No	No
ingredient	Yes	No	No	No

As nouns, ingredient is a hypernym of malted milk; that is, ingredient is a word with a broader meaning than malted milk:

Other hypernyms of malted milk include fixings.

malted milk (noun)	ingredient (noun)
powder made of dried milk and malted cereals	a component of a mixture or compound
a milkshake made with malt powder	an abstract part of something
	food that is a component of a mixture in cooking