Dairy Industry is Flourishing Fast
With a projection of producing 177 million tonnes of milk by 2025 that too at an average growth of 1.8% per year while increasing per capita consumption by 0.8% to 1.7% from 0.5% to 1.1% in the next 10 years, stating that dairy industry is growing fast won’t be wrong. It is because of the size of this sector that these growth rates can support big development payoffs for public health, environment, and livelihoods.
Milk is Local and Global
Did you know? Milk is amongst the top 5 agricultural commodities in terms of quantity and value. In fact, milk and other dairy products e account for almost 14% of agricultural trade, globally. Especially, whole milk powder, as well as skimmed milk powder, is the majorly traded commodities (agricultural).
Milk; One of the Most Valued Agricultural Commodities
Milk contributes about 27% to the value added of livestock globally, whereas 10% to agriculture. In 2013, it ranked third in terms of production tonnage with a total production of 770 billion liters, which was valued at USD 328 billion.
Dairy Industry is Heterogeneous
Cows, buffaloes, camels, and sheep are the ones from where the world derives milk. These animals are raised under different production systems, including specialized landless systems and pastoral systems. Where the first’s objective is mainly milk production, the second relies on the mobility of milk production.
Cattle Supporting Livelihoods
From contributing to crop productivity, providing social capital to being a daily source of food and cash for the farmers, cattle are a great support for the livelihoods. Often they are used as collateral for loans and transport for long distances.
Dairy Industry Generate Employment
Processing activities, right starting from pasteurization to manufacturing of yogurt, need manual labors aside high-end machines while creating jobs globally. It is estimated that 470 million jobs in the labor market are required for the new entrants. A recent report states that for trading per 100 liters of milk, a huge number of jobs are created.
