Industry Overview:Milk is considered to be a complete food for human diet. For any mammal, milk is the primary source of nutrition, especially for infants, since this white liquid is easily digestible. Numerous health benefits associated with the consumption of milk include, but not limited to improved bone strength, stronger immune system, reduced risk of cardiovascular diseases, and healthier skin. Adequate consumption also aids in the deterrence of diseases such as dental decay, dehydration, obesity, and many other chronic diseases. Milk contains nutrients including Calcium, Vitamin A, B12, D, Phosphorus, Magnesium, Selenium, Protein, Riboflavin, Zinc, Carbohydrates, etc.Milk accounts for around 14% of modern agricultural trade, along with its other products. Skimmed Milk Powder (SMP) and Whole Milk Powder (WMP) are the most demanded and traded commodities, whereas fresh milk accounts for only less than 1% of production traded. Infant Formula Milk is another highly demanded commodity with products such as Starting Milk Formula, Follow-on Milk Formula, Toddlers Milk Formula, and Special Milk Formula. According to Food and Agriculture Organization of the UN, by production tonnage, milk ranked third with a production of 770 billion liters and was the most demanded agricultural commodity in terms of value globally in 2013.Global milk industry depends on breeding animals such as cows, goats, sheep, buffaloes, and camels for milk production. However, lactose-free alternatives such as soy milk and almond milk are also of significant demand in the milk industry. However, cow milk is estimated to hold an 80% share of the global milk production. Buffalo milk, although produced in fewer quantities than cow milk, is produced and traded mainly in countries such as Pakistan and India. The milk production system can be categorized into four, namely specialized landless system, market-oriented system, subsistence-oriented integrated dairy-crop systems, and pastoral systems.Market Dynamics, Trends, and Outlook:The global milk industry is driven by the substantial demand from countries with dietary guidelines recommending milk as a staple food. Milk provides an average 134 kilocalorie of energy per capita per day. It is also an affordable source of nutrition to meet the daily recommended levels. For instance, in the United States, 100 kilocalorie milk costs only around US$ 0.23, whereas other sources such as egg, vegetables, and poultry cost around US$ 0.41.North America accounts for a major share in the global milk industry with the U.S, Canada, and Mexico contributing significantly to the growth. Whereas, in South America, Brazil and Argentina dominate the industry and countries such as Uruguay and Chile are projected to exhibit slow growth.The milk industry in Russia exhibits a stunning growth with around 40% of the gross product of animal husbandry. The largest milk producer in the world is India followed by the U.S., China, and Pakistan, among others.Long-term demand for milk and its products is projected to register a substantial growth, which in turn will result in price volatility. The industry is expected to witness erratic changes in prices in the upcoming years. The changing lifestyle, food habits, population growth, etc. are some of the factors bolstering the growth of the global milk industry. In a nutshell, the hike in milk production and consumption worldwide is the key factor boosting the global milk industry growth.For instance, the European Union was regulated by a milk quota system until 2015, according to which every member state had a national production quota. In case if any state exceeded its quota, it must pay a set penalty to the EU. The abolishment of this system has been affecting the global milk industry on a positive note, which in turn is expected to spur the growth of the global milk industry in the near future.Introduction of a variety of flavors, attractive packaging, and availability in different forms elevate the consumption of milk globally. For example, in March 2016, Prairie Dairy Farms introduced two fresh flavors, namely Strawberry Créme and Orange Crème, of its Peeps flavored milk. The packaged milk with new flavors and colors has gained strong market demand in the developed countries. The key participants in the global milk industry are slowly shifting their focus toward the developing countries in order to explore the market opportunities.Busy life schedule of citizens in developing countries opens up a gargantuan scope for the multinational companies to gain a foothold in such markets focusing on breakfast products. Selling products through advertisements highlighting easy breakfast and on-the-go options will propel the growth of the global milk industry. Growing health concerns encourage the consumers from abstaining from carbonated soft drinks and other juices, which in turn creates an opportunity for the milk industry.Apart from the aforementioned factors driving flavored milk market, the rising awareness on healthy diet hinders the market growth to an extent. However, the unflavored milk market witness a steady growth in the global milk industry and the trend is expected to continue over the upcoming years as well.Key Participants:The global milk industry is highly competitive and dynamic in nature. The competition among the key participants of the global milk industry results in the betterment of product quality, pricing, innovation, distribution, etc.Like in any other industry, in order to succeed, the brand must stand out from other products with a distinct and unique value proposition.Some of the key participants in the global milk industry include, but not limited to China Mengniu Dairy Company, Nestlé, Lactalis, Amul, Associated Milk Producers, Dairy Farmers of America, Darigold, Dean Foods, Arla Foods, Groupe Even, DMK DeutschesMilchkontor GmbH, Bright Food, Grupo Lala, Meg Milk Snow Brand, FrieslandCampina, Meiji Dairies Corporation, Morinaga Milk Industry, SpoldzielniaMleczarskaMlekovita, Muller, Saputo, Sodiaal, and Yili Group.
Just defining education in today’s world is a complex endeavor. Technology has redefined what it means to be literate and educated. The same technology has also brought about immense changes in the education industry, which was modelled after the needs of the industrial age. The challenges to the industry are many, including, most recently, from free online courses.However, no matter how much technology provides the basic infrastructure to facilitate learning, the role of individual teachers and tutors cannot be underestimated. The role is increasingly important in a rapidly changing education ecosystem. When an industry undergoes a fundamental transformation, there are bound to be casualties.Private tutors have contributed to the education industry in the past and their role is now being threatened. Most private tutors are self-employed and don’t have a set mission. Now, more than ever, the private tutoring industry needs to come together.In addition to facing a rapidly changing industry, private tutors need to address the age-old problem of supply and demand. As more people enter the industry and demand either stagnates or worse, falls, there is a natural stress on wages. This isn’t just for those entering the industry but also for the established tutors.Another problem of increasing supply of private tutors is the questionable marketing methods they tend to use. Parents and students are bombarded with all kinds of promotional material, which hinders rather than easing their decision making process.Therefore to protect the interests of the people employed by the private tutoring industry and to ensure adequate professional standards, there is an increasing need for a professional organization that can oversee professional standards, and help parents find the right tutor for their kids. The organization needs to care for the future of the students and thus the country in providing quality education.Private tutors provide a great service to the education industry, and a few bad apples cannot change that. However, an increase in the number of people entering the profession has certainly diluted the standards. This organization should make sure that they can weed out the serious tutors from the amateurs.Such an organization should be able to provide parents with information that will genuinely aid their search for a quality tutor. It is important to remove the role of chance and guesswork in the process of finding the right tutor, because it is the future of our children that is at stake here. Such an organization should be able to certify the best tutors and ensure rigorous standards.