I actually have three recipes for low carb sweetened condensed milk but this is the one I prefer because it is also lower in fat and calories than the others. I’ll post them at later times because they definitely have their place in your recipes.
This is made with nonfat powdered milk and is good for recipes that have a lot of other flavor. I use it in my low carb key lime pie, low carb lemon icebox pie, and those types of recipes. In fact, you’ll want to make this as soon as possible because I am posting the key lime recipe tomorrow.
For this recipe you’ll need: nonfat dry milk, sugar free sweetener, vanilla extract, and butter.
If you are in a hurry, feel free to Jump to the Recipe
You can use any cup for cup measure sweetener you prefer. I used Xylitol because that’s what was in the cupboard but you can use and Erythritol sweetener like Swerve or even a chemical like Splenda. I prefer not to use chemical sweeteners so I stick with the other two.
You can keep this in the refrigerator in a tightly covered glass canning jar for up to two weeks or freeze it for up to three months. That means you can pretty much always have low carb sweetened condensed milk on hand so that you can make a dessert anytime the craving hits. I have also been known to eat this by the spoonfuls when I am having one of those moments that if i don’t get something delicious I am making a beeline for the candy bar aisle at the convenience store down the street.
Here’s a word of warning. If you’ve never used xylitol then use it with caution and on a day you will be home. It can cause pretty severe digestive issues (you don’t wanna know how I know this !) and you don’t want to be stuck in traffic when it hits. I find that it affects me sometimes and not others. Swerve will not do this so if your tummy is fussy then use it instead.

My favorite key lime pie made with this low carb sweetened condensed milk.
This does not get as thick as the commercial kind or some of the other homemade kinds but it works very well in pies and cheesecakes, as well as over crushed ice for a creamy snow cone.
So, what’s your favorite way to use sweetened condensed milk? Leave a comment and let me know.

Table of Contents
Homemade Low Carb Sweetened Condensed Milk
Ingredients
- 2 cups nonfat dry milk
- 2 cup sugar free sweetener xylitol, erythritol, Splenda, etc
- 1 cup boiling water
- 1 1/2 teaspoons vanilla extract
- 1/2 cup unsalted butter
Instructions
- Put the dry milk and sweetener in the blender.
- Blend for 30 seconds on high.
- Add the boiling water, vanilla, and melted butter.
- Blend on high for one minute.
- Pour into a jar, cover tightly, and refrigerate overnight before using.
Notes
Nutrition
If you liked Homemade Low Carb Sweetened Condensed Milk you might also like:
Click on the picture or the name of the recipe to go straight to it, Low carb waffles, Almost Migas, Keto Egg Parmesan.



I’m trying this recipe today, but I wonder if it will make any difference if I use Swerve Confectioners Powder or the Swerve granules?
If you use the granules I’d add it to the blender to powder it some. It will dissolve better
The sweetened condensed milk is absolutely delicious! Great easy recipe thanks!!! Does the nonfat milk make it high carb and high sugar? Just curious! Im not veeeerrrry strict with my carbs, just try to be low and this is a treat for hubby’s birthday! Thanks for all your hard work!
Also I made this as a full pie with a crust. I baked it 350 for around around 20 something minutes and kept checking for those bubbles. Its chilling now. Ill report back with baking time result,
There are 4.8 carbs per 2 tablespoons. 🙂
Can you tell me if the calorie count is for the whole recipe or per serving? If per serving, what is the serving size?
Thanks!
Per serving. The serving size is 1 tablespoon and there are 32 tablespoons in the recipe.
Will this work with homemade ice-cream? For homemade ice-cream, you need double cream (heavy cream) and condensed milk, so could I replace the store bought condensed milk with this homemade one?
It should.
Did you ever post the other recipes for this? I’m not interested in doing low fat or calories.
No I haven’t. It’s on my list of things to do but it’s way down the line.