Whey Powder Price Trend and Forecast

Whey Powder Regional Price Overview

Get the latest insights on price movement and trend analysis of Whey Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Whey Powder Price Trend for the Second Half of 2023

Product Category Region Price Time Period
Whey Powder Healthcare Europe 732 USD/MT July 2023
Whey Powder Healthcare Europe 905 USD/MT December 2023

Stay updated with the latest Whey Powder prices, historical data, and tailored regional analysis

Whey powder prices were observed to be following a positively inclined trajectory throughout the second half of the year 2023. In the European market, the monthly average prices went from about 732 USD/MT in July’23 to around 905 USD/MT in December’23. This rise imparted an approximate 23% incline in whey powder prices in Europe. This incline was witnessed parallelly with the rise in prices of milk and milk products in the region.

Whey Powder Price Chart

Whey Powder Price Trends

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An increase in downstream demands for whey powder from the health and wellness sectors as a healthy protein source also fueled the prices. The feedstock milk prices were also rising in Europe, which pushed the upstream manufacturing costs for whey powder. The supply chain interruptions in the region due to the ongoing Russia and Ukraine conflict were complicated further by the commencement of the Israel and Palestine conflict. Overall, largely positive market sentiments were experienced.

Analyst Insight

According to Procurement Resource, after some increment, the Whey Powder prices are likely to stabilize moving forward. The gap between the supply and demand dynamics is expected to reduce in the coming months.

Whey Powder Price Trend for the First Half of 2023

Whey Powder prices continued their depressing run well into the first two quarters of 2023. The European Whey Powder market witnessed the average Spot prices falling from around 892 USD/MT to about 762 USD/MT, registering a depreciation of about 14% within the first six months.

This dip in price trend was attributed to the eased feedstock costs and eased upstream situations.

A dip in demand from the downstream sectors was crucial for faltering price trend. The rising influence of veganism also impacted the Whey Powder market fundamentals. Overall, negative market sentiments were observed.

Analyst Insight

According to Procurement Resource, a fluctuating price trend is anticipated in the coming months as the demand projection does not look very supportive.

Whey Powder Price Trend for the Second Half of 2022

Whey Powder is manufactured by drying the milk residue after separating the cheese from it. It is rich in milk proteins. This makes Whey Powder a good part of the workout foods to build muscles. Also, along with the food industry, the pharmaceutical and nutraceutical sectors also use Whey Powder to manufacture protein and other dietary supplements.

During H2’22, the Whey Powder prices showed a consistent depreciation as the prices fell by around 18% in the European markets. As the high inflation in the region had pushed Whey Powder prices to unsustainable heights, the market attempted normalization. Along with this, the consumer interest in Whey Powder had also dipped. Overall, dull market sentiments were observed.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Whey Powder market going further because of a dull demand outlook.

Whey Powder Price Trend for the First Half of 2022


During the said period, the approximate price range for China’s Whey was between 2.29 USD/kg and 3.26 USD/kg. The average price for a tonne was 2289.31 USD in Shanghai and Beijing. The approximate price range for India’s  Whey is 1,798 INR/kg (?179.80 /100 g).


Since the UK, Germany, France, and Spain have taken the lead in terms of market share and growth, Europe has demonstrated tremendous promise as a whey protein market. The largest market shares for whey protein are found in the UK. In the said period, the approximate price range for EU Whey was between 100-140 EUROS/100KG.

North America

The United States leads the North American whey protein market, followed by Mexico and Canada. An increase in wealth causes people to switch from eating foods high in carbohydrates to foods high in protein. This has led to an increase in the use of whey protein, especially in a variety of food and beverage items, thereby directly influencing the price trend for whey.

Whey Powder Price Trend For the Fourth Quarter of 2021


The price range of Western European whey was mostly stable. Both sides of the pricing range were close to 2021 highs. Unlike in some other dairy product markets, manufacturers expected 2021 to end with more whey output than 2020. Buyers fought for the available whey as demand was high. Non-hygroscopic whey powder prices were in the range of 1250-1400 USD/MT.

Whey Powder Price Trend For First, Second and Third Quarters of 2021


According to China Customs data, China imported 126,200 MT of whey in January-February 2021, a 50.3% rise year on year (y-o-y). Imports totaled USD 156 million, a 55.4% rise y-o-y. The average price per tonne was 1,236 USD, up 3.4% year on year. Among them, 48,700 MT were imported from the EU, accounting for 38.6%, 46,900 MT from the United States, accounting for 37.2%, and 12,100 tonnes from Belarus, accounting for 9.6% of the total imports.


The price of bulk whey powder in Netherlands was 860 EUR/MT in January which rose to 1024 EUR/MT in June before it fell to 970 EUR/MT in September. Lactose-intolerant individuals in Europe are becoming increasingly interested in dairy alternatives. In addition, the country's growing food industry saw a demand from consumers for high-quality protein ingredients, which boosted the use of whey protein in the region.

North America

As a result of increased fuel prices and shipping expenses, as well as other supply chain bottlenecks including a shortage of truck drivers and shipping containers, milk prices continued to grow. Pandemic-related transportation and logistics challenges, as well as severe weather in major producing areas were some other factors leading to an increase in milk prices.

In the United States, the price of milk and milk products had increased by 6.66%. This was due to global supply chain disruptions, harsh weather, and rising energy prices, which were putting a significant financial strain on people all around the world. In the last week of August, the price of US Whey Protein Concentrate-34 (WPC 34) soared by 35% y-o-y to 2,551 USD/MT. The use of WPC 34 as an ingredient in newborn formula, as well as efforts by the Chinese government to boost local infant formula production, were the key reasons for the price hike.

Whey Powder Price Trend For the Year 2020


The volume of whey powder imported into China in 2020 was 626k MT, representing an almost 40% rise over the previous year. Imports of various dairy products, such as butter and fat-filled milk powder, surged in China.

The price range for milk solids was increased from 3.59 to 4.59 USD/kg. This was a huge price hike compared to previous years, primarily attributed to rising dairy prices in China as a result of increased demand. The public's notion that dairy consumption can promote immunity was another factor leading to the price hike.


European whey powder prices were constant, with the exception of a modest increase at the bottom of the price range. While farm milk supply was decreasing and, with it, cheese production, the volumes of whey solids accessible for sweet whey powder manufacturing were decreasing. Inventories, on the other hand, were in good balance with demand.

Whey powder demand was constant in both the food and feed industries. According to industry sources, the scarcity of shipping equipment and the high cost of freight remain a source of concern. As a result, the majority of whey demand comes from within Europe. The average whey powder prices in Netherlands were near about 730 EUR/MT.

North America

The United States is also the world's largest provider of whey protein, shipping a significant amount of protein and whey protein products to the global market. According to a 2019 article published by the Institute of Food Technologists, roughly 55% of consumers in the United States agreed that high protein content influenced their food purchasing preferences.

Procurement Resource provides latest prices of Whey Powder. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Whey Powder

Whey Powder is basically a powdered form of whey, which is the left over liquid formed during the production of cheese from cow's milk. It has numerous industrial uses. Further, whey protein powder is utilised to enhance protein intake, and thus, it serves as a protein supplement.

Whey Powder Product Details

Report Features Details
Product Name Whey Powder
Industrial Uses Chocolates, Biscuits, Cheese, Soups, Meat, Baking agent, Protein supplement, Dishes
Supplier Database Fonterra Co-operative Group, wheyco GmbH, Carbery Group, Valio Ltd, Lactalis Ingredients, Saputo Inc
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Whey Powder Production Processes

  • Production of Whey Powder via Reverse Osmosis (RO) and Drying

The elimination of moisture content is a crucial step in the Whey Powder production.  Reverse Osmosis or RO is often utilised to improve and boost the dry content of the whey so that it can be efficiently converted to a powdered form.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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