Development of a Mexican caramel jam, which can be consumed directly or used in confectionery and bakery, was made on the present research as an alternative for cheese whey valorization. Raw materials (cheese whey and cow milk) were obtained from different cheese producers in the central region of the state of Veracruz, Mexico. Samples were pasteurized at 65 °C, 30min and kept at 8 °C until they were used. To prepare the caramel jam all the compounds were obtained as food-grade from a local supplier. The Mexican caramel jam products were made by different ratios of cheese whey and milk. Physicochemical analyzes were performed on all samples. Besides, color, viscosity, and sensorial evaluation were also analyzed. Protein, fat, and lactose percentages were 3.2±0.98, 0.54±0.21, 5.2±1.42, respectively; pH had values above 7.1. In sensory evaluation, almost all the panelists attributed acceptance values between 6 and 9 for all formulations.