中国是全球第二大婴童消费市场，婴幼儿奶粉行业发展有着天然优势， 市场规模更是逐年递增。据数据统计显示：中国婴幼儿配方奶粉市场零售额从 2013年的911亿元增至2017年的1650亿元，年均复合增长率达到16%。随着“全 面二孩”政策的落实后，中国在2016-2018年期间将出现一个生育堆积集中释 放高峰，“全面二孩”政策为婴幼儿奶粉行业提供巨大契机。                                 

6月，食品三大子行业工业增加值增速较上月呈“两升一降”态势。食品制造业工业增加值同比增长6.7%，农副食品加工业增加值同比增长2.5%，酒、饮料和精制茶制造业工业增加值同比增长10.4%。食品工业主要产品中，乳制品和白酒产量增长提速，鲜、冷藏肉产量跌幅进一步收窄。行业固定资产投资增速与 1～5月相比均有所改善，其中，酒、饮料和精制茶制造业固定资产同比增长4.3%，食品制造业固定资产投资同比增长0.4%，农副食品加工业固定资产投资同比减少7.4%。

2013-2014年我国月饼市场出现销售平淡、销售高峰期缩短、品牌跨区域营销等市场特点，众多烘焙厂商首尝行业困局滋味。到2015-2017年月饼市场整体回温并且开始呈现增长态势，中秋市场也逐渐步入稳定发展态势。2017年月饼市场规模为146亿元，同比增长8.15%。                                

Increasing demand for premium chocolates among developing economies is accelerating the global premium chocolate market (henceforth, referred to as the market studied), as consumers feel encouraged to purchase premium chocolates, which are perceived as less detrimental to health than sugar confectionery. This is providing a lucrative opportunity for the players to enter into the market studied.  Furthermore, the demand for limited edition chocolates plays an important role in the market studied. Various companies are launching a wide range of premium and luxury chocolate varieties during occasions, like Easter. Factors, such as shape and packaging of chocolates, are the key strategies adopted by companies to attain maximum sales during a festive season.

The global farm fish industry has been challenged by shortage in the supply of feed for cultivated fish, which has been fulfilled by wild fish for long. Owing to unsustainability involved in this food system, the industry has started pursuing the replacement of fishmeal with proteins from plants, such as soy, wheat, pea, and additives, such as methionine and other amino acids and fatty acids.

There is a wide variety of fruit and vegetable juices in varied packaging formats available across the world. This, in turn, attracts consumers to buy fruits juices based on their taste preference and convenience. Attractive and innovative packaging is considered as one of the best ways to pull new consumers and create a good demand. Convenient, single-serving, and portable features, along with better packaging are becoming important parameters for consumers to judge a brand and its offerings. Currently, many players are coming up with attractive and innovative packaging in their juices offerings. 

The global sweet biscuits market was valued at USD 80,447.86 million in 2018, and it is projected to reach USD 109,418.27 million by 2024, witnessing a CAGR of 5.35% during the forecast period, 2019-2024. The growing preference for convenient snacking, coupled with easier consumer accessibility through the advancing retail sector, is one of the few factors augmenting the growth of sweet biscuits market, globally. Moreover, the booming demand for healthy snacking has led many manufacturers to introduce health-efficient biscuits with fortified active ingredients, mainly protein, fibre, and vitamins. For instance, United Biscuits offers a range of fortified biscuits through its brand, McVities. In 2017, the brand launched McVitie’s Digestive Thins, with the innovation of digestive biscuits covered with milk chocolate.

The global freeze-dried food market was valued at USD 54,548.2 million in 2018, and is expected to reach USD 85,306.2 million by 2024, registering a CAGR of 8.03%. The increasing consumer awareness about the ill-effects of artificial food additives used for food preservation is fueling the demand for natural and healthy food products. By type, the freeze-dried fruit market held the largest share in 2018, followed by the vegetable segment. The growth can be attributed to the increased demand for highquality and natural foods with higher nutrient content, which compliment the healthy lifestyles of consumers.

The oat protein market is expected to show an increase in the future owing to the drivers and opportunities, which is being foreseen by the market. The popularity of vegan diet and consumers inclination towards more plant based protein, which provide them with extra health benefits such as protein intake, is expected to increase the size of the market during the forecast period (2019-2024). Moreover, oat protein is finding increasing application in the food & beverage and cosmetic segment, which is being increasingly fortified/included with this type of protein, thus increasing the opportunity of oats protein to be in further in fluxed in different application area.

Cookies made from oatmeal and lentils are witnessing significant demand in the United States, as they are rich in energy, carbohydrate, and fat, and contains more protein, iron, folate, and total dietary fiber. This is driving the demand for raw materials, such as oatmeal and lentils. • Canada, Poland, and Australia are major oat-producing countries in the world. All key players in the United States have increased their import of oats from Canada and Poland, which has affected the raw material prices for cookie manufacturers.

Russia’s food and beverage sector features a medium-to-high level of competition with about 45,000 companies operating in the sector as of October 2018, according to the latest figures provided by the statistics office. The food subsector is more fragmented, with a large number (38,400 enterprises) of both small and large-scale companies. The top 10 companies earned 17% of the subsector’s total sales in 2017. The high fragmentation calls for consolidation and creates opportunities for acquisitions. The beverage subsector is more consolidated, with the top 10 players generating 53% of total sales in 2017. Foreign companies are well-established in the sector, occupying leading market positions. Still, in line with the government’s increasingly protectionist policy, the M&A market is dominated by local players with Russian buyers responsible for nearly 77% of the M&A deals in the 2017-2018 period.

The global tuna and algae omega-3 ingredients market has evolved significantly over the past few years. Omega-3 deficiency remains a major health issue across the world. Hence, major companies involved in the production and manufacturing of omega-3 ingredients are either making strategic technological innovations or are up holding attentive attitude toward extension of their product lines. Some of most recent examples of technological and product innovations are:

The increasing demand for collagen as a key ingredient in various applications, such as dietary supplements, food additives (collagen is used in a wide spectrum of applications as a food additives, right from storage stability of confectionery and dairy products, to enhancing process and organoleptic properties of packaged food products), beverages, and meat products, has been driving the collagen market. Growing awareness of consumers regarding personal health, presence of established players, and increased investments in research activities are leading to numerous product launches, both in food and personal care applications, which is expected to drive the growth of the collagen market in Europe.

Booming urbanization, changing lifestyle, and improved purchasing power are few factors driving the Brazilians to look for health and wellness food options. The geriatric population of the country is estimated to get tripled by 2050, covering around 66 million Brazilians. With the growing source of concern, the consumers are increasingly getting involved in the fitness and sports activities, which in turn is zoning-in the non-athletic population along with the target consumers of dietary supplements augmenting the whey protein market.

Inflight food is the food served to passengers on board by commercial airliners. They are prepared by specialist airline catering firm, and are normally served during the cruise to the passengers. Confectionery category has a comprehensive appeal in the travel sector. With the ban on LAGs (liquids, aerosols, and gels) and with an accumulative number of passengers using low-cost carriers, the growth of confectionary category in these carriers has significantly increased, to become one of the most critical categories in the industry.  The beverage segment comprises coffee, tea, hot chocolate, milk, cold-drink, and alcohol.

Consumers demand clean labels on products to gain knowledge about the product that they are about to consume and at what level. Their interest in identifying the ingredients present in the food and beverage products has triggered the growth of the clean-label ingredient market. The demand for natural color is rising at a fast rate, due to the adverse health effects of artificial colorants, specifically in dairy and beverage products. The starch segment holds a significant share in the clean-label ingredient market, as more consumer goods companies are beginning to use simpler starches in their products.

Food products, such as fruits, are highly heat sensitive. Their chemical composition, structure, texture, taste, and nutrient content changes drastically and quickly, when exposed to higher temperatures. Food preservation methods, such as drying, boiling, and smoking require high temperature exposure, which are not suitable for quickly perishable food items, such as fruits.

8 月模拟组合为：五粮液（25%）、顺鑫农业（25%）、伊利股份（25%）和绝味食品（25%）。上周我们模拟组合收益率为+2.80%，跑输沪深300 指数（涨跌幅+2.97%），跑输中信食品饮料指数（涨跌幅+3.95%）。

啤酒之王欲分拆亚太资产上市，中国市场是皇冠上的明珠。百威英博是全球最大的啤酒集团，旗下啤酒品牌超过500 个，2018 年啤酒销量567 亿升，销量占全球市场份额超过30%。亚太是全球最大的啤酒消费市场，2018 年占全球啤酒消费量的37%，作为新兴市场代表，相比于发达国家成熟市场量利成长空间大，是百威英博重点战略市场。而中国区在百威亚太销量占比73%，收入端占比58.5%，更是皇冠上的明珠。国内啤酒市场高端化趋势加速，百威英博在高端及超高端啤酒市场消费量占比46.6%把握主动权，国内本土啤酒企业通过产品结构升级抢占更高价格带。

山东是人口大省，白酒产销大省。山东人口数量庞大，拥有将近一亿人口，且饮酒文化浓厚，2017 年山东白酒产量为115 万千升，位列全国第三。地产酒盘踞百元价格带，全国化品牌攻势猛烈。山东有500 多家当地酒企，2017 年营收超过20 亿元以上的10 家左右，但是鲜少有品牌突破百元价格带。全国化酒企近年来攻势猛烈，高端酒寡头垄断，茅五份额优势明显，国窖起势较快。次高端品牌习酒、梦之蓝、青花汾酒、水井坊、舍得、剑南春等均有一定的消费群体。