Caramello Koala is a brand of chocolate treat currently manufactured by Cadbury Australia.

It consists of a chocolate cartoon koala (named "George" in certain advertising material) with a caramel centre.

50 million Caramello Koalas are sold in Australia each year, making the product the second most popular in the Australian children's confectionery market, after the Freddo Frog.

Television advertisements for the chocolate in Australia featured Caramello and his cartoon friends sailing down a river or riding on a steam train to a modified version of Donovan's "Mellow Yellow".

Caramello's packaging and imagery was updated in 2000, after market research revealed the character was seen as daggy, one-dimensional and not sufficiently 'animated'.