Spout pouches are advanced versions of stand-up pouches. The global spout pouch market is growing due to the superior quality,transportation convenience,and ease of usage of these pouches.Spout pouches are widely used for baby foods. This is because they offer the convenience of feeding. The global baby food packaging market for flexible packaging is estimated to grow at a CAGR of around 7%-8% during the forecast period.An improvement in economic conditions, an increase in health concerns,advancements in technology and innovations, and strict environmental protection guidelines have increased the use of lightweight, high barrier plastic packaging products such as spout pouches that are bio degradable and cost efficient.The demand for stand-up pouches with reclosability features from emerging markets such as China and India is growing. In 2016, APAC witnessed massive growth in the demand for stand-up pouches from the food and beverage sector.

In the US food and beverage market, private labels are no longer seen as supplying low-cost and low-quality products, but as credible and viable alternatives to national brands. People look for value for money, irrespective of whether the product is being offered by a national brand or a private label. Private labels are traditionally more successful in segments where product differentiation is low, such as meat products and fresh produce items.In this Technavio report, we cover the present scenario and the growth prospects ofthe private-label food and beverage market in the US for 2016-2020.

Increasing awareness of the benefits of being healthy and fit will propel the demand for sports nutrition products during the forecast period.Plant-based products will gain importance during the forecast period. The most popular protein ingredients used in the production of sports nutrition products were soy and whey as of 2015.Bodybuilders and athletes are the main consumers of sports nutrition products in US. Furthermore, rise in new groups of consumers like women and working people for sports nutrition products is one of the key drivers of the market.The vendors are increasingly promoting their product offerings through nontraditional marketing strategies.

Functional foods and beverages are those foods and beverages to which special ingredients are added so that they provide additional health benefits. Regular food items such as cereals, bread, yogurts, snacks, and beverages are converted into functional foods by fortifying them with vitamins, herbs, or other nutrient-rich ingredients. The common ingredients that are added to functional foods and beverages include probiotics, prebiotics, and plant stanol and sterol. Several factors are supporting the growth of the global functional foods and beverages market. The growing awareness of the benefits of functional foods is one such factor. Another major factor driving the growth of the market is the increased demand for probiotic products.

 月 12 日-6 月 16日，食品饮料行业（-0.9%）跑赢沪深 300 指数（-1.6%）。平安观测食品饮料子板块中，高估值类（2.4%）、肉制品（2.2%）、葡萄酒（1.4%）、其他类（0.0%）涨幅最大。过去一周，高估值类继续高歌猛进，肉制品、葡萄酒涨幅较大，主要由于前期深跌股持续修复带动股价上涨。

食品饮料上半年整体走出震荡上行走势，上涨 16.51%，跑赢沪深 300 指数 8.11个百分点，在申万一级行业中排名第 2 位，仅次于家用电器板块的表现。白酒以 35.91%的涨幅领涨二级板块，乳品（9.64%）、调味品（4.3%）涨幅居前。随着板块上涨，食品饮料估值中枢逐步回升，但整体估值依然不高，可关注其中安全边际较高的优质品种。开源食品年策略投资组合涨幅 25.14%，跑赢申万食品饮料指数 8.63 个百分点。 

上市白酒企业景气向上趋势再次得以确认，2017Q1 白酒板块收入、归母净利同比分别增长 18.5%、15.2%，2016Q4白酒板块收入、归母净利同比分别增长 22.6%、11.8%。1）贵州茅台：自 5 月 3 日茅台高层召集全国经销商联谊会长及经销商代表召开紧急会议以来，飞天茅台一批价稳定在 1199 元，但经销商观望气氛浓厚，由于终端门店供给紧张，部分终端价已突破 1300 元。

阿里渠道五月增速回升至 30%，平均客单价在 143 元。具体到品牌上，茅台（+65%，增速略有下滑主要是因为缺货问题）、古井贡（+242%）、洋河（+137%）、水井坊（+115%）的增速远超行业水平，五粮液增速有所恢复。预调鸡尾酒 RIO 增速保持在 50%以上，5 月增速提升至 72%，终端渠道调研显示线下动销有明显好转，市场表现相对稳定。