Condensed milk is a thick, sweetened milk product made by removing most of the water from regular milk and adding sugar, giving it a rich, creamy texture and a sweet, caramel-like flavor. Its velvety consistency makes it a popular ingredient in both desserts and beverages worldwide, from as a key component in Korean sweetened milk drinks to a caramelizing agent in Latin American treats like cajeta. Historically, condensed milk became widely used in the 19th century as a long-lasting alternative before refrigeration, and it continues to be treasured in many culinary traditions for its warmth and sweetness. Its versatility and distinctive richness have helped maintain its place as a staple ingredient in kitchens across the globe.