奶业上游正在加速去产能，预计 2H16 奶价将逐步触底，但拐点仍有待时日。奶价低迷将使下游企业继续在成本端受益，考虑下游液体乳龙头业绩增长的确定性、资金对必选消费的偏好、以及乳品板块仍具提升空间的估值水平，继续推荐伊利股份与光明乳业。

The coffee market in Mexico comprises fresh roasted and ground coffee, instant coffee, RTD coffee, and coffee pods. It is expected to witness steady growth at a CAGR of 5.83% during the forecast period. Increasing demand from the millennial population has contributed to the rise in demand for coffee in Mexico. An improved economy and increased job opportunities have made different types of coffee more affordable for younger consumers.

Bottled water comes from sources such as wells, springs, artesian wells, and the municipal water supply. It typically undergoes a purification process before being packaged in plastic or glass bottles. Bottled water can be categorized into mineral water, still water, flavored water, and sparkling water. However, its two primary forms are still and sparkling. Still water is similar to ordinary tap water and has not undergone any carbonation. Sparkling water, also known as carbonated water, soda water, seltzer water, or fizzy water, is water that has been artificially carbonated.

Beer is the highest consumed alcoholic beverage and the third-most consumed beverage after water and tea in the world. The global beer market is directly proportional to global economic conditions. Beer is also an integral part of the heritage and traditional cuisines of many countries, especially in Europe and the Americas.