The toasty, caramelized sweetness of powdered milk is hard to ignore. While bakers know the kind of richness it can lend to certain desserts, few realize just how much of a multitasker it really is.

Powdered milk, also called dry milk, is made by removing the moisture from regular milk, turning it into a powder (1, 2). Due to its low moisture content, powdered milk doesn’t have to be refrigerated ...