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Best Vegan Condensed Milk Substitutes (Homemade & Store-Bought)

Rich, sweet, dairy-free alternatives that work perfectly in desserts, coffee, and baking

9 min read
890+ helped
96% success rate
(5/5)

Quick Answer

The best vegan condensed milk substitutes are: Coconut cream + sugar (simmer 1 can coconut cream with 1/2 cup sugar for 15-20 minutes) for rich desserts, cashew condensed milk (blend 1 cup soaked cashews with hot sugar syrup) for neutral flavor, and store-bought options like Nature's Charm for convenience. Choose coconut for tropical flavors, cashew for caramel and delicate desserts.

Condensed milk's rich sweetness and thick texture make it essential for fudge, tres leches cake, and Vietnamese coffee, but plant-based versions deliver the same indulgent results without dairy.

The key to great vegan condensed milk is achieving that signature thick consistency and balanced sweetness that won't break when heated or mixed into batters.

From quick coconut cream methods to slow-simmered cashew versions, these alternatives provide the perfect base for your favorite desserts and beverages.

The 4 Best Substitutes

1. Coconut Cream + Sugar (Homemade)

Medium
(5/5)

Substitution Ratio

1 can coconut cream + 1/2 cup sugar replaces 1 can condensed milk

Texture: Thick and creamy when simmered
Flavor: Rich coconut with balanced sweetness
Best for: fudge, ice cream, tres leches cake, coffee drinks
Pros & Cons
Perfect thickness
Natural sweetness
Works in all recipes
Rich coconut flavor
Requires cooking time
Coconut taste present
Need to stir frequently
Pro Tip

Simmer coconut cream with sugar for 15-20 minutes until thickened. Stir frequently to prevent burning.

2. Cashew Condensed Milk

Medium
(5/5)

Substitution Ratio

1 cup soaked cashews + 1/2 cup sugar + 1/3 cup water replaces 1 can

Texture: Ultra smooth and thick
Flavor: Neutral sweet with slight nuttiness
Best for: caramel, white chocolate, delicate desserts
Pros & Cons
Neutral flavor
Incredibly smooth
Works beautifully in caramel
No coconut taste
Requires soaking time
Need high-speed blender
More expensive
Pro Tip

Blend soaked cashews with hot sugar syrup until completely smooth. Strain for ultra-smooth texture.

3. Store-Bought Vegan Condensed Milk

Easy
(4/5)

Substitution Ratio

1:1 replacement

Texture: Consistent thickness
Flavor: Sweet and neutral
Best for: quick recipes, coffee, emergency baking
Pros & Cons
No preparation needed
Consistent results
Long shelf life
Neutral flavor
Limited availability
More expensive
May contain additives
Pro Tip

Brands like Nature's Charm and Let's Do Organic offer ready-made options

4. Oat Cream Condensed Milk

Medium
(4/5)

Substitution Ratio

2 cups oat cream + 3/4 cup sugar simmered until thick

Texture: Smooth and creamy
Flavor: Mild oat sweetness
Best for: coffee drinks, lighter desserts, Nordic-inspired treats
Pros & Cons
Mild flavor
Naturally creamy
Lower calorie
Oat fiber benefits
Longer cooking time
Slightly thinner
Oat flavor present
Pro Tip

Simmer homemade oat cream with sugar until reduced by half. Naturally thick consistency.

Troubleshooting Common Issues

Condensed milk too thin

Continue simmering to reduce further, or add 1 tsp cornstarch mixed with water

Mixture separating or curdling

Reduce heat and whisk constantly. Add liquid slowly if combining with acidic ingredients

Not sweet enough

Add more sugar gradually while warm. Powdered sugar dissolves easier than granulated

Expert Tips

Professional Secrets

  • Make large batches and freeze in ice cube trays for easy portioning
  • Add a pinch of salt to enhance sweetness and depth of flavor
  • For caramel color, add 1 tsp molasses or brown sugar to the mixture