Dulce de leche (pronounced “DOOL-se de LE-che,” meaning candy of milk) is a rich syrup similar in flavor to caramel. It is a common ingredient in South American desserts. If you want to add a delicious sweet flavor to your desserts, it’s easy to make your own dulce de leche at home. Most recipes involve boiling or baking condensed milk until it reduces into a syrup. You can also use regular milk mixed with sugar to produce dulce de leche.