Seems like this replaces hydrogenated oils across a whole range of products, and I'm suspicious that it's just a way to avoid public concerns about hydrogenated oils by replacing them with something similar just without the same stigma.
Quick search found this article, which states some more specific concerns, if in a rather extreme way:
https://foodbabe.com/2015/07/31/theres-no-safe-level-ingredi...
(but of course you can search and find similar concerns about many things, doesn't make them true).
Foodbabe.com is not credible. The site and the woman behind it have been criticized and debunked up and down. They are pseudoscience and should not be cited.
MODIFIED MILK INGREDIENTS, SUGAR, WATER, GLUCOSE, COCONUT OIL, NATURAL VANILLA FLAVOUR, MONO AND DIGLYCERIDES, VEGETABLE GUMS (GUAR, CAROB BEAN), CARRAGEENAN, NATURAL COLOUR.
Haagen-Dazs Vanilla
ingredients: cream, skim milk, cane sugar, egg yolks, vanilla extract.