Exhibit 21
Subsidiaries of Lifeway Foods, Inc.
Below is a list of the subsidiaries of Lifeway Foods, Inc. All of the voting stock of each subsidiary is 100% owned directly by Lifeway Foods, Inc.
| Name of Subsidiary | Jurisdiction of Incorporation or Organization |
| Lifeway Wisconsin, Inc. | Illinois |
| The Lifeway Kefir Shop, LLC | Illinois |
| Fresh Made, Inc. | Pennsylvania |
| Lifeway Foods Europe | Ireland |