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Weight-Loss Drugs Fuel Protein-Rich Whey Craving
StoneX said whey protein concentrate prices have risen almost 90% in a year as dairy firms add capacity and launch higher-protein products.
On Tuesday, FrieslandCampina announced an investment of more than 90 million euros to accelerate growth in high-value whey proteins, joining global dairy firms expanding capacity.
Driven by GLP-1 weight-loss drug usage, whey—traditionally pig feed—has become essential for consumers seeking to prevent muscle loss, fueling unprecedented demand across the sector.
Data from StoneX consultancy shows whey protein concentrate prices surged almost 90% last year to €20,000 a metric ton. Dairy Farmers of America launched MULU cottage cheese with 18 grams of complete protein last month.
French startup Verley's CEO Stephane Mac Millan called the GLP-1 impact "insane," while Bel Group's North America CEO Peter McGuinness warned, "In this protein race, we've lost deliciousness."
John Lancaster, head of EMEA dairy and food consulting at StoneX, warned infrastructure cannot keep pace: "There's a shortage of the capacity to turn into what is required by the market at the moment.