This presentation discusses whey-based functional beverages. It begins by defining functional beverages and outlining the market structure, including growth in whey product imports. It then discusses various types of whey beverages including fruit juice mixtures, dairy-type drinks, carbonated beverages, and others. Key ingredients used in whey beverages are outlined such as whey protein concentrates and isolates, acids, sweeteners, flavors, and stabilizers. Example formulations are provided for an isotonic sports drink and meal replacement drink. The presentation concludes by noting considerations for beverage formulations.