Surging whey protein prices drive food manufacturers toward plant alternatives
Rising demand for protein has driven whey prices sharply higher, prompting beverage and bar manufacturers to seek plant-based and dairy alternatives despite functional challenges.
FTMQ Food, written by our newsroom0 views
High consumer demand for protein has tightened the global whey supply and pushed ingredient prices significantly higher, Food Business News reported. In response, food and beverage manufacturers are actively seeking alternative ingredients, including proteins derived from pea, fava beans, and non-whey dairy sources. [1]
Data from commodity intelligence platform Ves showed that whey protein concentrate 34 traded between $2.40 and $2.70 per lb on October 9, up from $1.70 per lb a year earlier. Prices for whey protein concentrate 80 experienced a larger surge, reaching $10.50 per lb on October 6, which represents an increase of nearly 88 percent from the previous year. [1]
Food Business News reported that alternative protein sources often struggle to match the specific functionality of whey. Manufacturers face formulation difficulties because substitute proteins may fail to replicate the taste, texture, and nutritional attributes provided by whey in bar and beverage applications. [1]
In short
- Whey protein concentrate 80 reached $10.50 per lb on October 6, an 88 percent increase year on year.
- Whey protein concentrate 34 traded between $2.40 and $2.70 per lb on October 9.
- Manufacturers are testing pea and fava bean proteins as alternatives due to high whey costs.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]High whey prices create opening for alternativesFood Business News, 11h ago (the report this story comes from)
Our newsroom writes these reports with the help of software, from the 1 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Food
Earlier reports of ours on the same people and subjects.
- Pharma demand drives global bulk sweeteners market expansion through 2035Top Stories, 4d ago
- Plant based meat manufacturers shift strategies to lower production costsTop Stories, 5d ago
- Global food commodity prices rose in September despite near record harvestGrocery & Prices, 2d ago
- United States grocery prices decreased by 0.1 percent in SeptemberGrocery & Prices, 2d ago
- Primo Brands opens Arkansas plant to boost Mountain Valley productionTop Stories, 1d ago
More in Food Industry
- Lindt board replaces chief executive Adalbert Lechner with former boss2h ago
- Mondelez appoints Othmane Nadifi as managing director for Gulf region2h ago
- Wegmans introduces Thanksgiving meal package following customer cost survey2h ago
- Kodama raises 7 million dollars to expand forestry technology1d ago
- Nigeria food import spend reaches 1.19 billion dollars in first half2d ago
- Indian authorities file case against retail executives over expired food3d ago
Get the day in one email
Reports like this one, the top news of the last 24 hours, every morning. Free, one email a day; readers can comment under every report.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.
Comments
Loading
Join the conversation
Comments are open to readers of our daily email: the top news of the last 24 hours, every morning, free. Sign up and the comment box opens.
Already on the list? Enter the same address and we will send a sign-in link.
By signing up you agree to our terms and privacy policy. Unsubscribe any time.