I'll have to look again when I get home, but I thought it only had three ingredients. Corn syrup, vanillan and something else. Don't think it was alcohol... but I could be wrong.
I thought ethyl/alcohol was drying... and I don't have honey powder (yet!). I did mix it with my milk bath mix, but haven't tried it yet. If it is drying, I'll just toss it and wait till I get the real stuff.