Sweetened condensed milk contains a high quantity of added sugar, which makes it ideal for preparation of desserts, especially pies and cheesecake. After whole milk has been evaporated by 50 percent by weight, 15 percent sugar in the form of dextrose or corn syrup is added. Sweetened condensed milk is defined as containing at least 28 percent total milk solids and about 8 percent milk fat. Read more »