Edible, non-ionic, water dispersible surfactants such as polyoxyethylene (20) mono-diglyceride and polyoxyethylene (20) sorbitan monostearate are combined with whey in a water based concentrate and the resultant composition is dried. The treated whey solids, when introduced into doughs for yeast-raised products, imparts increased water holding capacity and improved physical quality over products containing untreated whey.