Caramel smells like a warm, sweet, and buttery scent, similar to melted sugar or toffee. It's a rich, creamy smell that often reminds people of desserts. Caramel smells like fresh-baked cookies or those sweet caramel candies your grandma keeps. It's a gourmand scent, meaning it's in the family of fragrances that smell edible and adds a comforting sweetness to perfumes.