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Home » Recipe Index » Milky Way Ice Cream Recipe (Caramel Chocolate Ice Cream)

Milky Way Ice Cream Recipe (Caramel Chocolate Ice Cream)

April 24, 2020 by Kara Cook 12 Comments

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homemade milky way ice cream collage
Milky Way ice cream recipe Pinterest Pin
homemade caramel milky way ice cream

Milky Way Ice Cream – a decadent chocolate caramel ice cream made with melted candy bars. A rich and creamy homemade ice cream unlike any other!

milky way ice cream title photo

My boys started school this morning. I am less than thrilled about it. I know some moms can’t wait to get their kids back to school and out of the house, but I’m not one of them.

I like having my boys around. And not just because they help out with their baby sister. I actually enjoy them. Sure we get on each others’ nerves sometimes, but dang I hate to see them go.

They are growing up so stinkin’ fast! My oldest actually drove to school for the first time this morning. Drove! Aaak, how did that happen?

chocolate caramel ice cream being scooped

Summer may be officially over, but that doesn’t mean I can’t make homemade ice cream anymore. I made this Milky Way ice cream a couple weeks ago, and I’m wishing I had the ingredients to make it again today.

It is smooth and creamy and oh so good. It doesn’t have a strong chocolate flavor, so you can taste the carmel-y goodness. Yep, a bowl of homemade ice cream would definitely cheer me up today. 

HOW TO MAKE HOMEMADE MILKY WAY ICE CREAM

(To skip my tips and just see the full recipe card, simply scroll to the bottom of the post.)

Ingredients needed:

  • Milky Way candy bars (Any size will work, you will be chopping them up. You just need about twelve ounces total.)
  • sweetened condensed milk (not to be confused with evaporated milk)
  • heavy whipping cream
  • milk (I used 2%, but whole milk will also work. I don’t recommend skim, but it will work in a pinch. Your ice cream just won’t be as creamy.)
  • dash of salt (enhances flavor and balances out the sweetness)
  • vanilla extract
tips for making homemade chocolate caramel ice cream

MELT CHOCOLATE: Combine chopped candy bars and sweetened condensed milk in a heavy saucepan. Cook and stir over medium heat till the candy bars are melted.

COOL: Let chocolate caramel mixture cool to room temperature. You can speed up the process by placing in the refrigerator.

COMBINE: Whisk the cream, milk, salt, and vanilla into the caramel mixture till smooth.

CHILL: Cover the ice cream mixture and chill it for several hours, overnight is fine. You can also speed up this process by placing it in the freezer, but you have to stir it often and make sure it doesn’t start to freeze.

PROCESS: Pour your chilled ice cream mixture into an ice cream maker of your choice, and freeze according to the manufacturer’s directions. I have a Cuisinart, and I love it because I don’t have to use ice or salt!

ice cream cone filled with chocolate caramel ice cream and topped with a Milky Way candy bar

SOFT SERVE OR SCOOPED ICE CREAM

After removing from the ice cream maker, you will have soft serve that is ready to eat. If you prefer your ice cream scoopable, place it in an airtight container and freeze for several hours.

PRO TIP: Freeze the container before adding the soft serve ice cream so that it doesn’t melt as you pour it into the container. 

If you have any leftovers, they will keep in the freezer for up to two months.

milky way ice cream recipe collage

MORE TASTY FROZEN TREATS:

  • Frozen German Chocolate Pie
  • Blueberry Ice Cream
  • Butterfinger Ice Cream
  • Tin Roof Sundae
  • Chocolate Cookie Dough Ice Cream
  • Strawberry Ice Cream
  • Peanut Butter Ice Cream
  • Oreo Ice Cream Dessert

OTHER TASTY RECIPES USING CANDY BARS:

  • Kit Kat Cookies
  • Butterfinger Poke Cake
  • Quick and Easy Toffee Bars
  • Best Ever Heath Cake
  • Symphony Brownies

(originally published 9/22/2011, updated April 2020)

bowl of ice cream with milky way candy bars

Milky Way Ice Cream

Rich and creamy homemade ice cream made with melted Milky Way bars.
4.70 from 13 votes
Print Recipe Pin Recipe
Prep Time 20 minutes mins
Additional Time 6 hours hrs
Total Time 6 hours hrs 20 minutes mins
Course Dessert: Frozen
Cuisine American
Servings 6 servings
Calories 791 kcal

Equipment

  • Ice Cream Scoop, Mint
  • Stainless Steel Wire Whisk Set, Dishwasher Safe, 3 Piece
  • Cuisinart 1.5 Quart Ice Cream Maker

Ingredients
  

  • 12 oz. bag Milky Way candy bars chopped
  • 14 oz can sweetened condensed milk
  • 2 cups cream
  • 2 cups milk
  • 1 dash salt
  • 1 tsp vanilla extract

Instructions
 

  • Combine chopped candy bars and sweetened condensed milk in a small saucepan. Heat over medium low heat till Milky Ways are melted, stirring often.
  • Cool to room temperature and add cream, milk, salt, and vanilla. Whisk till smooth.
  • Chill for several hours or overnight.
  • Freeze in an ice cream maker according to manufacturer’s instructions.
  • Place in an airtight container and freeze for several hours or until hard enough to scoop.

Nutrition

Serving: 1gCalories: 791kcalCarbohydrates: 82gProtein: 12gFat: 47gSaturated Fat: 30gPolyunsaturated Fat: 2gMonounsaturated Fat: 11gTrans Fat: 0.1gCholesterol: 127mgSodium: 238mgPotassium: 514mgFiber: 1gSugar: 76gVitamin A: 1537IUVitamin C: 3mgCalcium: 406mgIron: 0.5mg
Keyword milky way ice cream
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Filed Under: Dessert: Frozen, Recipe Index Tagged With: candy bars, cream, sweetened condensed milk

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Reader Interactions

Comments

  1. Glenda Keller

    August 31, 2025 at 9:11 am

    My experience was, that if you let the milky way mixture cool to room temperature, it is too thick to whisk with the cream and milk. I even tried an immersion blender, and it was too thick. I suggest cooling to lukewarm. I had to heat it back up to get it to blend together.

    Reply
    • Kara Cook

      September 11, 2025 at 8:57 am

      Thanks for the tip Glenda, I’m sure other readers will find it helpful! I haven’t had that problem before, but it could be that my room temp is warmer than yours. 🙂

      Reply
  2. Anna

    July 18, 2025 at 7:15 pm

    How many quarts of ice cream does one recipe make? I’m just trying to decide how many batches to mix for my 8-quart ice cream freezer…

    Reply
    • Kara Cook

      July 22, 2025 at 1:26 pm

      It should make about 2 quarts.

      Reply
  3. Susan

    June 26, 2022 at 11:26 pm

    Oh this sounds so good, can it be made with coconut milk or almond milk? My daughter can’t have milk.

    Reply
    • Kara Cook

      June 28, 2022 at 5:36 am

      Almond milk would make for very icy ice cream, so I don’t recommend that. Coconut milk is thicker and creamier, so I’d try that instead. You won’t get the same creamy ice cream, but it should still be tasty.

      Reply
  4. MsP

    January 28, 2021 at 11:48 am

    I made this with vanilla ice cream. Just melt the ice cream, prepare the Milky Way & condensed milk, then combine with the melted ice cream, put in a container and freeze. The best part is not needing an ice cream maker!

    Reply
    • Kara Cook

      February 6, 2021 at 12:11 pm

      Thanks for sharing your variation, I have never heard of that method! I always assumed that melting and refreezing ice cream would totally ruin the texture.

      Reply
  5. Eden

    May 18, 2020 at 10:31 am

    This was So good!! We ALL loved it and can’t even wait to make another batch!

    Reply
    • Kara Cook

      May 23, 2020 at 8:54 am

      So happy to hear that Eden! It is pretty addicting. 😉

      Reply
  6. Matt Taylor

    May 18, 2020 at 9:11 am

    Milkyways are my favorite candy bars! This ice cream looks amazing. 🙂

    Reply
    • Kara Cook

      May 23, 2020 at 8:55 am

      I’ve got a son who loves Milky Ways as well, so he was in heaven with this ice cream!

      Reply
4.70 from 13 votes (13 ratings without comment)

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Hi. I’m Kara, and I've loved cooking since I was about 10. Great food brings people together and can create some amazing memories. I hope you will use my family friendly recipes to make memories with your loved ones!
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