caramelized sugar vs caramel

caramelized sugar and caramel both are nouns.

Word	Noun	Adjective	Verb	Adverb
caramelized sugar	Yes	No	No	No
caramel	Yes	Yes	No	No

As nouns, caramelized sugar and caramel are synonyms defined as:

caramelized sugar and caramel: burnt sugar; used to color and flavor food

caramelized sugar (noun)	caramel (noun)
burnt sugar; used to color and flavor food	a medium to dark tan color
	firm chewy candy made from caramelized sugar and butter and milk
	burnt sugar; used to color and flavor food

caramelized sugar (adjective)	caramel (adjective)
	having the color of caramel; of a moderate yellow-brown