Sweet whey powder (henceforth "SWP") is a byproduct of making cheese and is a commodity.
The protein content of SWP is 13.1% protein by weight. The rest of it is largely sugar (74.5%). See its nutrition fact sheet here.
One can buy SWP at $50 for 55 pounds from a bulk foods co-op, like Azure Standard, and thus the price per pound of protein would be:
$50 1 unit SWP $6.94
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55 lbs 0.131 units protein 1 lbs protein
Conversely, for whey concentrate:
$96.48 30.4g WC $12.22
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10 lbs 24 g protein 1 lbs protein
I did the analysis for simple whole milk, but I've forgotten the price per gallon. The number my wife gave me last night yielded a higher price per pound of protein than using the SWP:
$??? gallon 453.5g $????
----------- * ------------ * ------- = -------------
Gallon Milk 128 g protein 1 lbs 1 lbs protein
All that said, the price per pound of protein of SWP is about half that of whey concentrate.
Previously I have fermented out the lactose with kefir grains, but it was disgusting. If I must have a lactic acid in the output, I'd like the concentration to be yogurt-level or less.
Is there an easy, at-home method to separate the protein from sweet whey powder?