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).
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.
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 trends for whey.
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.
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.
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.
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.
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.
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.
|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.
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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