Technavio estimates that the PET plastic packaging market by thermoformed process will post a CAGR of 4.55% during the forecast period. The growth is mainly driven by the growing demand from end-users, including the food and beverage sector.North America is the dominant player in the market, and the region accounted for a share of 48% in 2015. This is mainly because of the presence of large plastic packaging companies such as Pactiv LLC, Sonoco Plastics, Berry Plastics, and Winpak. The average sales of thermoformed packaged products per company was $50.5 million in 2015.The thermoformed plastic packaging market in Europe is estimated to post a CAGR of 4.31% during the forecast period. The growth of the plastic sheet market in Europe is the major reason for the growth of the thermoformed packaging market in Europe. The plastic sheet market in Europe was valued at $393 billion in 2015 and is expected to post a CAGR of 1.2% during the forecast period.There is a growing demand for thermoformed packaging for food products from food manufacturers, as this packaging helps eliminate the waste material by 35%-40%. The amount of raw material that goes into the making of this packages is reduced by almost 50%. In addition, smaller packages cut down the shipping costs by 35%.

The popularity of sparkling water in Asian economies and the availability of product and flavor variants have contributed to market growth. Sparkling water has garnered attention because it is thought to have numerous health benefits and has no artificial sugar content.Soft drinks, carbonated drinks, ready-to-drink (RTD) tea, and coffee are substitutes in the global sparkling water market. Furthermore, fruit juices are other alternatives.Although not of a similar category, they do pose some threat to the global sparkling water market.Sparkling water in 250-ml and tin formats will be key to the growth of the market during the forecast period as they are small, easy to carry, and the most convenient form of consumption.Hypermarkets and supermarkets will continue to be the most preferred destinations globally for the purchase of sparkling water. This is because these retail formats are large in size and can allocate more shelf space to house more products of different brands than other retail formats. Attractive offers and discounts provided by these stores will continue to attract more consumers during the forecast period.

3 月 31 日生猪价格 15.89 元/公斤，环比下降 0.56%，同比下降 20.15%；猪肉价格 24.01元/公斤，环比下降 1.96%，同比下降 14.95%。3 月 22 日，国内生鲜乳平均价格 3.53元/公斤，环比持平，同比下降 0.3%；3 月 21 日，新一轮恒天然奶粉拍卖价格中全脂奶粉 2855 美元/吨，环比上升 2.90%；脱脂奶粉 1948 美元/吨，环比下降 10.10%。

3 月 27 -31 日，食品饮料行业（-2.1%）跑输沪深 300 挃数（-1.0%）。平安观测食品饮料子板块中，一线白酒（-1.0%）、调味品（-1.2%）、啤酒（-1.4%）、乳制品（-1.8%）表现领先。本周食品饮料板块回落，低估值行业龙头跌幅最小，但市场似有风格切换迹象。除累计涨幅外，无论 PE 估值或是业务现状、前景，茅台、五粮液等一线白酒为代表低估值龙头谈泡沫似乎仍早。

受整体市场调整及春糖会催化暂告段落等影响，本周白酒板块调整，我们理解为预期、资金、持仓变动等因素综合作用下的反应。但年报季报期，业绩关注空前，白酒板块有基本面支持，一季报大部分以符合预期为主，市场风险偏好低位的情况下，对白酒关注将有继续增强的空间。

上周食品饮料板块指数下跌 1.85%（上一周为上涨2.93%），涨幅在排名第 10 名（共 28 个一级子行业），落后上证综指0.42pct，落后沪深 300 指数 0.89pct，板块日均成交额 134.58 亿元（上周为 181.34 亿元）。从估值来看，截至上周五，食品饮料板块市盈率（TTM）为 31.57，同期上证综指和沪深 300 市盈率（TTM）分别为 16.33 和 13.50。

2 月中金公司独家的零研数据公布（受春节提前至 1 月影响，我们参考 1-2 月合并数据）：相比 16 年 1-2 月，乳制品、肉制品、酱油、醋、包装水、茶饮料营收有所改善，速冻米面、啤酒、方便面、蛋白质饮料、果汁饮料营收有所下滑。

美国、日本休闲食品行业在婴儿潮 10 年后迎来消费升级的黄金 30 年，消费者对进口类、方便、健康、新潮休闲食品消费支出持续增加，我们判断中国休闲食品行业正处于黄金发展期，未来至少有 2 倍以上增长空间，坚定看好连锁经营和电商模式未来发展。

Instant coffee is prepared by vaporizing brewed coffee beans. It is available in the form of powder and differs from freshly brewed coffee in terms of flavor and aroma. The main advantage of instant coffee is the convenience in preparing it. Also, it requires less equipment for preparation. Although fresh coffee dominates the overall coffee market, instant coffee continues to gain share, due to its greater appeal among new coffee drinkers. The convenience and versatility, in terms of flavor and aroma, of instant coffee make it an attractive drink in developing countries. On the other hand, in developed countries, instant coffee seeks to shed its commodity image to sustain consumer interest. Sales of instant coffee, the kind of coffee that dissolves in hot water and has been popularized by brands like Nescafé, have nearly tripled since 2000.