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3 Ingredient Sweetened Condensed Milk {THM-S, Low Carb, Sugar Free}

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An easy, low-carb, sugar free sweetened condensed milk that tastes just as good as the real thing! Honestly, no-one would ever know it wasn’t filled with sugar!

Low Carb, Sugar Free Sweetened Condensed Milk

Sweetened condensed milk can be used for many things, not the least of which is homemade coffee creamer, and delicious poke cakes (more on those in future posts). But the real reason I wanted my own sweetened condensed milk recipe is because I have a recipe coming up for Almond Joy Cookies! Oh yes, you read that correctly!

Low Carb, Sugar Free Sweetened Condensed Milk

That recipe won’t be live until next week (isn’t it awful of me to tease you?), but I wanted to go ahead and give you this recipe so you can be testing it out on whatever yumminess your heart is desiring!


I know there are many low carb, sugar-free sweetened condensed milk recipes, but I wanted one of my own so I could refer back to it in future recipes. This one is a winner in my book! And as a bonus, it only requires 3 ingredients!

Low Carb, Sugar Free Sweetened Condensed Milk

Just a note to the wise – please do not walk out of the room and leave your simmering pot of condensing “milk” on the stove. It may boil over voraciously and cause your 7 year old daughter to come screaming into the next room. (I may or may not have done this). Ok, I DID do it and it made a huge mess! Whew! Glad we got that out of the way!

Sugar Free, Low Carb Sweetened Condensed Milk

Sweetened Condensed Milk


  • 2 Cups Heavy Cream
  • 2 Tablespoons Butter
  • 1/3 Cup Gentle Sweet (or your favorite granulated or powdered on plan sweetener).


  1. Place all ingredients in a medium sized saucepan over medium heat.
  2. Bring to a boil, then reduce heat and simmer until reduced by nearly half, stirring several times to prevent scorching.
  3. This will take between 15-20 minutes.
  4. The end product should be thick and gooey (and delicious)!
  5. Makes approximately 1 cup of Sweetened Condensed Milk.
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26 thoughts on “3 Ingredient Sweetened Condensed Milk {THM-S, Low Carb, Sugar Free}

  1. Your post couldn’t have been better timed! Someone asked me for a low carb version of sweetened condensed milk just the other day and I was totally at a loss. This is perfect! I’ll definitely be sharing, thank you!

    1. Um, yes, I did not heed my own advice. I did eat it with a spoon – it is amazing after it sits in the fridge and firms up! Oh my!

  2. I just made this and I have to tell you it is the closest thing to the real condensed milk that I have tasted. I LOVE it. After I made it I took some out and added squeezed some lemon juice in it and I was doing a “happy dance” all over the kitchen. Tasted like a lemon pie my mother used to make using condensed milk and egg yolks and lemon juice! Thank you so much and I can’t wait to see what you are going to do with this….

  3. This looks amazing along with those almond joy cookies of yours! Can I use a liquid sweetener such as maple syrup, or else perhaps coconut sugar? How would I know what ratio? Thanks!!

    1. I would think you could use coconut sugar, but I wouldn’t know what the ratio should be. Sorry, I don’t often use coconut sugar!

  4. I have been trying to make this for the Almond Joy Cookie recipe and it’s just not coming out! The only thing I can find is “Heavy Whipping Cream” from Land O’Lakes in the near by grocery stores and I’ve been using a generic stevia blend for the “sugar”. It’s just not thickening/reducing/condensing. I’m not sure what I’m doing wrong other than maybe the ingredients. Medium heat (electric stove top), reduce to simmer after boiling point. It’s been over 20 minutes, put it in the fridge for another 15 to see if it thickened. No dice. I have it back on the stove but I really just don’t know how I’m messing this up!

    1. I’m so sorry you are having trouble! I have not personally tested this with any other sweetener besides Gentle Sweet. If you are using a stevia blend, could it be a bulk issue? (I assume you are not using 3/4 cup.) It should boil until it is reduced by about half. Also, if you have any gluccie, you could sprinkle some of that on to help it thicken.

  5. I used the same ingredients as the recipe and let it soft boil while stirring occasionally for 20 minutes. While it is thicker it is definitely not as thick as the pictures you have. Will it thicken as it cools or do I need to boil it for longer?

  6. Do you store this in the fridge or at room temp? I am wondering if it will harden in the fridge? That’s what happened with another sweetened condensed milk recipe I tried! 🙁

    1. I store it in the fridge, and yes, it does harden (and tastes like vanilla fudge!). I just put it in the microwave for a few seconds to melt it when I need it.

    1. I believe you could, but you probably would have to cook it longer. I can’t guarantee results as I haven’t had success with it! 🙂

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