Parents are increasingly concerned about what they feed their babies and seek highquality baby foods. Living standards and birth rates have a major influence on the global baby food and infant formula market. In 2015, parents spent $57.06 billion on baby food and infant formula products globally.

Dairy is one of the most popular food categories with a global market and diverse demographic. Dairy products are consumed worldwide by people of all age groups. However, in recent years, the global dairy market has been affected by factors like:

Processed meat is any meat that is treated through processes like curing, salting, fermentation, and smoking to either improve its taste or texture or to extend its shelf life. The rising consumption of meat products worldwide and the demand for convenience foods are the major drivers of the market. The growth of organized retail has led to increased product availability for consumers and has also been a key factor in market growth.

食品饮料上周整体呈现稳步走高走势。食品饮料指数全周收于 11530.96 点，当周上涨 4.02%，跑赢上证指数 3.07 个百分点。从一级行业来看，食品饮料在申万一级行业板块涨幅继续保持第一的位置。食品饮料二级子行业整体收涨，仅有软饮料（-2.37%）、食品综合（-0.36%）两板块收跌。

12 月 17 日五粮液召开了投资者交流会，会上传递出积极信号。公司管理层阐述了 2018 目标、 2020 规划，其中比较具体的披露了 2020 年集团千亿规划中酒业目标，并分解了五粮液和系列酒的贡献。

我们在 2016 年底収布了 2017年食品饮料行业十大猜想，回顾当初猜想部分已兑现或逐步兑现。17 年岁末之际，我们提出 18 年十大猜想，对 2018 年可能収生且会引収行业深度变革的十件大亊迚行展望。