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A white bowl filled with thick, glossy caramel and two green apple slices dipped in. The bowl sits on a wooden board next to an opened can of caramel and a spoon.
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Condensed Milk Caramel

I grew up thinking caramel was something you could only get from a store—or maybe made by a candy expert with a thermometer and a lot of patience. Then I discovered the magic of condensed milk caramel, and everything changed. This recipe is the ultimate shortcut. No stirring, no added ingredients, just one can and a little time. The result is a rich, creamy caramel that tastes like you’ve been standing over the stove for hours.
Cook Time8 hours
Total Time8 hours
Servings: 14 ounces (1 can)
Author: Laurel Perry

Equipment

  • 1 6 Qt. Crock-Pot Cook or Instant Pot

Ingredients

  • 1 can sweetened condensed milk unopened

Instructions

Slow Cooker

  • Remove the label from your can of sweetened condensed milk.
    1 can sweetened condensed milk
  • Place it in your slow cooker.
  • Pour in enough warm water to cover and come 2 inches above the can.
  • Cover the slow cooker and cook for 8 hours on low.
  • Remove the can from the slow cooker with tongs and place in a bowl of cold water for 10 minutes.
  • Open and enjoy!

Instant Pot

  • Remove the label from your can of sweetened condensed milk.
    1 can sweetened condensed milk
  • Add 1 ½ cups water to your instant pot fitted with the wire rack.
  • Place the can onto the rack.
  • Cover and cook on high pressure for 45 minutes. Let the instant pot naturally release pressure for 15 minutes then manually release any remaining pressure.
  • Remove the can from the slow cooker with tongs and place in a bowl of cold water for 10 minutes.
  • Open and enjoy!

Video

Notes

  • Slow cooker time is 8 hours.
  • Instant Pot time is 1.5 hours.

Nutrition

Serving: 2tbsp | Calories: 91kcal | Carbohydrates: 15g | Protein: 2g | Fat: 2g | Saturated Fat: 2g | Polyunsaturated Fat: 0.1g | Monounsaturated Fat: 1g | Cholesterol: 10mg | Sodium: 36mg | Potassium: 105mg | Sugar: 15g | Vitamin A: 76IU | Vitamin C: 1mg | Calcium: 80mg | Iron: 0.1mg