Peanut Butter Caramel Sauce

RECIPE BY: San

DATE: October 6, 2025

Total Time 10 minutes

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You’re only ten minutes away from peanut butter and caramel bliss. This quick and easy Peanut Butter Caramel Sauce comes together in no time, and the result is a rich, creamy topping you’ll want to drizzle over everything.

peanut butter caramel sauce being poured into a bowl

Peanut butter has been a favorite of mine since childhood. It was a staple of our go-to breakfast—peanut butter and banana toast—and I even found myself craving it throughout most of my pregnancies.

No wonder all my kids are peanut butter fans too! It’s no surprise this Peanut Butter Caramel Sauce is an instant favorite at our house.

Some of our favorite peanut butter recipes include No Bake Cookies are made with peanut butter and she loves my Chocolate Peanut Butter Fondue.

My husband’s late-night indulgence includes peanut butter, maple syrup and pecans heated up in a bowl and devoured with a spoon. I will have to admit it is a pretty amazing combination.

hard pretzel being dipped into a bowl of Peanut Butter Caramel Sauce

I adapted my White Chocolate Caramel Sauce recipe, one of my favorite sauces EVER! I just substituted the white chocolate with peanut butter and I got the perfect caramel sauce.

What I love most about this Peanut Butter Caramel Sauce is that it comes together in just 10 minutes. Drizzle it over ice cream, dip pretzels or cookies in it, or serve it as a fondue.

Peanut Butter Caramel Sauce in a gravy dish with a spoon

Now that I’ve made this Peanut Butter Caramel Sauce, I’m starting to wonder if my beloved Peanut Butter Fudge Sauce even stands a chance and that says a lot. This recipe is a must try for all peanut butter fans.

Peanut Butter Caramel Sauce in a bowl with 2 hard pretzels and a spoon

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collage image with recipe title on peanut butter caramel sauce

Peanut Butter Caramel Sauce

Prep: 2 minutes
Cook: 8 minutes
Total: 10 minutes
Servings: 8
Calories: 281 kcal
This Peanut Butter Caramel Sauce takes just 10 minutes and is the rich, creamy topping you’ll want on everything.

Ingredients
 

  • ¼ cup butter ½ stick
  • 1 cup brown sugar
  • 2 tablespoons white granulated sugar
  • ½ cup heavy cream
  • Pinch of sea salt
  • 1/3 cup creamy peanut butter

Instructions
 

  • Add all of the ingredients, except for the peanut butter in a medium sauce pan, heat over medium-low heat. Let it cook, while constantly whisking for about 4 minutes. Stir in peanut butter and cook while constantly whisking for another 3-4 minutes. Remove from heat, stir and serve. This caramel sauce you can serve immediately, my preference or let it cool, and refrigerate for later.

Notes

Recipe adapted from A Dash of Sanity White Chocolate Caramel Sauce

Calories: 281kcalCarbohydrates: 32gProtein: 3gFat: 16gSaturated Fat: 8gCholesterol: 35mgSodium: 113mgPotassium: 117mgSugar: 30gVitamin A: 395IUCalcium: 39mgIron: 0.4mg

Tried this recipe?Let us know what you think!

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4.65 from 14 votes (11 ratings without comment)

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31 Comments

    1. This recipe is for making the caramel, but with the addition of peanut butter. I hope you enjoy!

  1. 5 stars
    What an amazing recipe! Thank you for sharing!

    I made this into peanut butter caramel popcorn. I doubled the batch of PB Caramel, popped 2 bags of microwave popcorn, poured half the PB Caramel (so, 1 batch) over the popcorn, baked at 260F for 15 min, then let it dry. It is delicious!

    This recipe is great for popcorn as it doesn’t require corn syrup, which some people aren’t a fan of.

    Thank you so much! I have some PB Caramel sitting in the fridge to pour over ice cream, and some yummy PB Caramel Popcorn.

    1. Thank you for the review, Shannon. Putting it on popcorn sounds so amazingly addictive! That is such a great idea. I’m so glad you enjoyed the recipe!

    1. Hi Samna! I am not sure if using milk would work quite as well as heavy cream in this recipe. The fat content of cream is much higher than milk, meaning that the sauce may be a lot runnier and it may not combine as well, meaning it may turn out gritty. We have onlly tested the recipe with cream so we can not be sure if it would or would not work though. If you do give it a go, please let us know how it turns out!

      1. 5 stars
        Used 2% milk and use vegan butter…. Boiled it 4 minutes then reduced the heat to med low….added the peanut butter stirred till it was fully combined and then simmered for 5 minutes allowed it to cool…. It was perfect!!!!!!

  2. I am so excited to try this recipe since being in high school. The cooks made a peanut caramel sauce which they served over chocolate cake. I’ve tried seaverall times and different ways but did not get the taste I wanted. One of my main issues was adding the peanut butter after removing the saucee from heat. Thank you so much and I’m baking my cake and sauce today. Have you tried doubling the recipe?

  3. What peanut butter you use? Do you use natural 100% peanut butter or a peanut butter spread such as Reese’s creamy peanut butter? Thank you in advance.

  4. This sounds just wonderful but I’m just a bit confused on the directions. Is the mixture suppose to get thick? Is it supposed to boil at all? If you could please clarify. Thanks so much.

    1. This really doesn’t boil, like you boil water for noodles, more a slow rolling boil. While you are cooking over medium heat, you will be constantly stirring so that it doesn’t burn to the bottom. The mixture will thicken as it cooks. Does this help?

  5. 5 stars
    I’m excited about this recipe. I’m using it as a topping for my banana pudding cheesecake