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Whey Powder
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Production and Manufacturing Technology
  • Whey: Value Chain
  • Supply–Demand analysis
  • Cost Structure Analysis

Production Size

Global Supply

Whey: 2.9 MMT

North America

23%

Western Europe

71%

APAC

2%

Table of contents

  1. Whey Powder Executive Summary
  2. Summary of the Key Highlights
  3.  COVID-19 Impact
  1. Whey Powder Value Chain Analysis
  2. Dairy Derivatives: Value Chain
  3. Whey: Value Chain
  4. Whey: Value Addition and
  5. Commoditization
  6. Production and Manufacturing Technology
  1. Whey Powder Global Market Analysis
  2. Supply–Demand analysis
  3. Trade Dynamics
  1.  Whey Powder Regional Market Analysis
  2. North America
  3. Europe
  4. Asia
  5. Oceania
  1. Whey Powder Cost and Price Analysis
  2. Cost Structure Analysis
  3. Price Trend Analysis

 

  1. Industry Analysis
  2. Porter’s Five Forces Analysis

 

  1. Cost and Pricing Analysis
  2. Cost Structure Analysis
  3. Price Trend Analysis

 

  1. Impact of Brexit
  2. Trading Relationships and UK’s Import Dependency
  3. Supplier Base
  4. Price Movements

 

  1. Purchasing Process:RFP/RFI Questionnaire
  2. RFP/RFI Questionnaire

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Global Market Outlook on Whey Powder

  • The global supply–demand dynamics scenario is stabilizing in both milk and dairy derivatives, as the oversupplied condition in the market is lightening. The regional differences and skewed trade dynamics are expected to govern the global price volatility in the near term
  • Oceania is a key market, as it produces only 5 percent of the global milk, but contributes to more than 40 percent of the milk derivatives export market
  • With the removal of milk quota system, Europe is expected to increase its production of milk and milk powders until 2018. The high output of dairy products will be directed to export, mainly to Asian countries

 

Whey Processing Overview

Evaporation and filtration play a vital role in the process, due to the presence of high water content in whey (94%). Initial composition of whey depends on cheese type. Along the process, whey products' compositions are subjected to changes, based on treatment methods.

Whey Value Addition

Functionality and value of whey products improve with concentration levels. Sweet whey powder at bottom of the pyramid is more commoditized, hence, experiences highly volatility in prices, majorly driven by US, EU and NZ trade trends.

Sourcing Recommendation For buyer

Whey powder is a commoditized product with presence in both spot and financial markets (CME futures and EU futures market). Major buyers in the US and EU adopt a mixed procurement strategy by procuring partially from suppliers and the rest through commodity futures market. Buyer can adopt suitable hedging strategies to make more cost savings.

Global Market Dynamics

Global net supply was around 0.1 MMT (Undersupplied) in 2016, where ~90% of total supply is from EU and the US. Global production is growing ahead at a CAGR of 1.8%, closely followed by a demand growth at 1.73%. Future outlook of whey market would be balanced or remain undersupplied, largely depends on secondary derivatives' market.

Fundamental Analysis: Macro Factors-US

Gross Domestic Product

  • Rise in interest rates and strengthening of the US dollar will drive the 2017/18 GDP growth
  • Strong consumer spending, driven by wage and employment gains, buoyant stock market, are expected to support the economy in 2017

Consumer Price Index - Inflation

  • The inflation is expected to average out at 1.32% in 2016 and at 1.25% in 2017
  •  The Fed has a 2 percent inflation target and tracks an inflation measure, which is currently at 1.7 percent

Interest Rate

  • Federal Reserve is expected to announce an increase in the target range for its federal funds rate to between 0.5% and 0.75% up from 0.25% to 0.5%

Dairy Policies

  • Dairy producers enrolled in 2016 Margin Protection Program for Dairy at USD 6–8 margin trigger coverage level will receive payments 0.23723–0.23723 USD /cwt.
  • This is the highest MPP rate announced since 2014. The payment rates are expected to increase, favoring the producer margins.

Crude Oil Price

  • Prices are likely to be sustained at ~USD 50/barrel due to production caps implemented by OPEC
  • Increase in crude oil price may increase the dairy purchasing power of oil producing countries
  • Increase in crude oil price will increase the price of corn (alternative energy source). This will reflect in feed & energy cost of dairy production

Trade Agreements

As US implements TPP:

  • “U.S. dairy exports could grow by USD 131.2M/annum”- American Farm Bureau Federation
  • “Annual growth in U.S. dairy exports will be around USD 150-275M/annum” - OCE – VT-CAT analysis compared to the non-implementation of TPP

Whey Products: Supplier Production Mix Preference

Suppliers' preference to shift from whey powder production to secondary derivatives production is evident with the 5% decline in dry whey production during 2010–2016, which has been channelized to lactose production. Increasing number of plants for lactose and WPI production also substantiate the same.

Whey Powder Market Frequently Asked Questions

  1. What’s the average global production supply of the whey market?
  2. The average global supply of the whey market according to Beroe’s study is around 2.9 MMT out of which 71% is captured by Western Europe, 23% by North America and only 2% is with the APAC region.
  1. By what percentage is the global production and demand of the whey market increasing?
  2. According to Beroe’s analysis, global production of the whey market is growing with a CAGR of 1.78 percent, while the demand is growing at 1.73 percent.
  1. What makes whey product a low-cost dairy derivative product?
  2. The whey production is in line with the cheese and casein production as it gets produced as a by-product of both the production processes and since the yield rate is high, the product is a low-cost dairy derivative product.
  1. What makes whey powder the most produced product in the whey market?
  2. According to Beroe's whey analysis report done by, whey powder is the most produced product because it finds application across nutrition products and infant formulae.
  1. At what rate is the capita consumption of whey expected to increase in developing countries?
  2. The capita consumption of whey in developing countries is expected to increase on average by 0.4 percent/annum.
  1. Why are filtration and evaporation considered important in the whey production process?
  2. Both these processes (evaporation and filtration) play a vital role in the production process because whey contains nearly 94% of water content.
  1. What’s the one major procurement strategy applied by almost every whey supplier within the market?
  2. According to Beroe’s analysis, major buyers of whey from the U.S. and the E.U. region adopt a mixed procurement strategy by procuring partially from whey suppliers and the rest through the commodity futures market. Some buyers also prefer adopting suitable hedging strategies to increase their cost savings.
  1. How will the increase in crude oil prices affect the fundamental aspects of the U.S. market?
  2. As per Beroe’s analysis, the increase in crude oil price will: Increase the dairy purchasing power of oil-producing countries Increase the price of corn (alternative energy source) that will reflect in the feed and energy cost of dairy production
  1. How will the implementation of TPP affect the U.S. whey market?
  2. The implementation of TPP will affect the U.S. market in the following ways: U.S. dairy exports will grow by USD 131.2 M/annum (as per the American Farm Bureau Federation) The annual growth in the U.S. dairy exports will be around USD 150 – 275M/ annum (as per the OCE–VT–CAT analysis)
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