Instant Pot Caramel Recipe - Only 1 Ingredient! (2024)

Okay, this is too good to be true: Instant Pot Caramel and made with just 1 ingredient!!

Seriously, I am not kidding! Nothing more than the Instant Pot and a can of sweetened condensed milk. You can’t really consider water an ingredient in this recipe – can you?

When I was growing up, I only made caramel sauce by using rectangular caramel candies.

I think it took me more time unwrapping each one than it did to melt them. Add in a little half and half and within a few minutes you have a thick caramel sauce.

Years later, when I had my own kitchen, I decided to make my own homemade caramel sauce. I was more than happy to give up the unwrapping candy duty!

Making Homemade Caramel

I combined a little brown sugar, milk, and butter together and stood over the stove until it cooked down into a dark brown caramel sauce.

It was delicious and worked well, but you must be careful to constantly stir the mixture. If you walk away for more than a minute, you will have burnt sauce.

What a sad moment – ruined caramel and the smell of burnt milk that lingers in the air.

But a few years back, I was introduced to a caramel product that is popular in Latin America called Dulche de Leche.

A friend just came back from a trip to Argentina and told me that I had to try this dessert spread. Once she told me that it tastes just like caramel I was in!

We found a can of it at the grocery story and WOW – a thick caramel spread that is so versatile that it can be served with every meal.

In the morning, spread some on waffles or serve with sliced bananas. Lunch time, add a little on your peanut butter sandwich or use it to sweeten your coffee or tea.

And for dinner – think desserts! There is even an ice cream dedicated to Dulche de Leche!

I knew right away that I had to learn to make this delicious caramel substance myself. And I was so happy that the common modern way to make it was by using one ingredient!

Making Dulche de Leche

By using only a single can of Sweetened Condensed Milk, you can make your own caramel sauce. But I was very sad after I learned how long it took to turn the milk mixture into caramel.

It would take 4 hours of boiling on the stove top before it would magically transition. And that meant I had to be near the kitchen for 4 hours to make sure the water didn’t get too low.

I definitely didn’t have time for that!

So I switched to the crockpot method. This cooking process took much longer than 4 hours, but at least I didn’t have to babysit a pot on the stove.

And if you know how much I love my Instant Pot 6 quart Duo, you can probably imagine, I now make Instant Pot Caramel!

How To Make Instant Pot Caramel

There are two methods that you can use to make Instant Pot Caramel.

1. You can make it directly in the Sweetened Condensed Milk can. Simply remove the outer label, open the can and cover it with aluminum foil.

2. Pour the sweetened condensed milk in an oven safe container/mason jar, cover with foil and proceed with the cooking process.

Cooking Process:Place the trivet in the bottom of the pot and add enough water so that the can/container is over half way submerged in water.

Pressure Cook on High for 40 minutes.

The result – CARAMEL!!!

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