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Cream of Coconut: Cream of Coconut works well as a sweetened condensed milk alternative, and can offer a wonderful tropical flavor to your desserts. Substitute it for sweetened condensed milk using a 1:1 ratio. Do not confuse this with Coconut Cream, Cream of Coconut is much sweeter, and sold in separate cans. Look for brands such as Coco Lopez, Roland, Coco Real, or Goya.
How to Know the Difference Between Evaporated Milk and Sweetened Condensed Milk. Both evaporated milk and sweetened condensed milk are useful in cooking, but they aren't interchangeable. Evaporated milk is made by heating raw milk in a vacuum until 50-60% of its water evaporates. It is then then homogenized; fortified w/vitamins, canned and sterilized.