Geographically, Europe accounted for the largest share, 34%, of the global natural colorant and flavor market in 2015. The market in Europe is expected to reach $2.62 billion by 2020. Mature economy and stable governments in Europe are the key reasons for the growth of the market.Consumer preference toward natural food products generates the demand for natural colorant and flavor. Stringent regulations and guidelines suppress the use of artificial food ingredients in food processing, which supports the growth of the global natural colorant and flavor market.In 2015, the natural flavor segment accounted for 83% of the global natural colorant and flavor market. On the basis of product, essential oils/natural extract led the natural flavor market with a share of 44% in 2015.Food application is the major application of natural colorant. The food industry accounted for a share of 66% of the market in 2015. Among the food applications, application for savory snacks is the major application area of natural colorant and flavor.

上游产品价格方面，仔猪价格反弹中断，再次下跌，猪肉价格降幅扩大。仔猪 价格下降 0.17 元，生猪价格下降 0.36 元，猪肉价格下降 0.42 元。奶制品价格 周内整体上涨，牛奶价格上涨 0.01 元，酸奶价格上涨 0.01 元，国外品牌婴儿 奶粉上涨 0.32 元，国内品牌婴儿奶粉上涨 0.18 元，中老年奶粉价格上涨 0.21 元。小麦价格 2628.80 元/吨，环比上涨 5.80 元/吨。玉米价格 1504.10 元/吨， 环比上涨 32.30 元/吨。黄豆价格 4174.20 元，环比上涨 29.80 元/吨。白砂糖 价格周内价格上涨 0.02 元，本周价格 11 元/公斤。

The demand for flavored milk is expected to increase during the forecast period mainly due to the fact that flavored milk is increasingly being preferred as a drink to be consumed after workout sessions. Researches have shown that chocolate milk contains the perfect ratio of carbohydrate to protein to hasten the recovery after an intense workout. Some of the famous sports personalities such as Mo Farah prefer chocolate milk after races and intense training sessions. The US Olympic swimming team also prefers chocolate milk after training sessions. There are other factors that will drive the growth of the market such as increasing investments by players, increasing milk production, and increasing mergers and acquisitions in the market.

The increase in demand for healthy food and beverages is driving the growth of the market. The adoption of healthy lifestyle by the consumers will also trigger a demand for healthy food and beverages such as aloe vera-based drinks.The majority of the consumers are not aware of the benefits of consuming aloe vera-based drinks. However, they are aware of the benefits of external use of aloe vera-based products on the skin.High price of aloe vera-based drinks will prove to be a deterrent to the growth of the market during the forecast period. They are positioned as a lifestyle product and thus commands a premium price than ordinary juice products.Aloe vera-based drinks are relatively new in Western markets such as the US. It is more popular in Asia-Pacific (APAC). During the forecast period, the market for aloe vera-based drinks will continue to grow in APAC.

谈谈茅台的自驱动——不同的动因，一样的演绎。我们回顾一下去年 6月起茅台批价飙涨的路径，华东仓失窃及定制开发酒挤占包装产能等综合因素提供了最初的动因，之后茅台进入了涨价自循环，华东仓失窃/定制开发酒挤占包装产能等综合因素→华东短期供给紧张→涨价→买涨不买跌的心态下增加购买，终端库存增加→供给更紧张→继续涨价。

上周食品饮料板块指数上涨 1.79%（上一周为下跌0.87%），涨幅在排名第 3 名（共 28 个一级子行业），领先上证综指1.96pct，领先沪深 300 指数 1.79pct，板块日均成交额 153.71 亿元（上周为 120.00 亿元）。

茅台批价强反弹，全年股价仍可期！3 月 6-10 日，食品饮料行业（+2.0%）跑赢沪深 300 挃数。平安观测食品饮料子板块中，葡萄酒(+3.3%)、一线白酒(+3.1%)、其他价值类(+1.7%)、调味品（+1.6%）涨幅居前，或受益于市场对估值不高消费品热度再升，及茅台批价淡季强反弹。

食品饮料板冲高后在高位震荡整理，食品饮料板块全周上涨 1.70%，跑赢上证指数 1.96 个百分点。从一级行业来看，食品饮料板块在申万一级行业板块中排名第 3 位，表现较好。从食品饮料二级子行业来看，当周二级子行业整体收涨。仅有黄酒（-1.52%）收跌。葡萄酒（3.57%）、白酒（2.54%）、食品综合（1.31%）、乳品（1.09%）、调味品（1.07%）涨幅居前。 

Digestive health food and drinks are products designed to ease the symptoms or discomfort associated with an overburdened digestive tract. These products improve the health of the digestive tract and help prevent many digestive health disorders such as gastroesophageal reflux disease, peptic ulcer disease, irritable bowel disease, ulcerative colitis, and Crohn's disease.

Aged premium single malt whiskies are short in demand and players in the market are resorting to other methods such as releasing no age statement whiskies to meet the demand.European Union (EU) is the largest export market for single malt Scotch whisky and the exit of the UK from EU will affect the exports from UK.Emergence of no age statement whiskey products is the main trend in the global single malt whiskey market. Whiskey-based tourism is increasing in countries such as Scotland, India, and others, and this trend is expected to increase during the forecast period.