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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.
You can thaw frozen condensed milk overnight in the refrigerator, and then use as directed. Alternatively, warming the condensed milk in a water bath will help to thaw it. Condensed milk can be frozen for up to three months without any noticeable flavor or texture changes, so long as the container is tightly sealed.