Gluten-free food refers to food items that do not contain gluten, a type of protein found in wheat, barley, rye, and hybrids of these grains. The purpose of gluten-free diets is to avoid triggering adverse reactions in individuals with gluten-related disorders, such as celiac disease, gluten sensitivity, or wheat allergy. People following a gluten-free diet need to ensure that their food does not contain any gluten ingredients or any cross-contamination from gluten￾containing products.

Owing to the rising awareness about meat safety worldwide, the global feed testing market has witnessed high demand. The regulatory bodies have been implementing several feed testing regulations to manufacture safe and high-quality feed. For instance, in 2023, the Innovative Feed Enhancement and Economic Development Act (Innovative FEED Act) was proposed by the United States to enhance the safety and quality of animal feed while promoting innovation in animal nutrition.

The global emulsified shortenings market is a part of the global packaged foods and meats market. The global packaged foods and meats market was valued at $5,988.64 billion in 2021 and reached $7,124.2 billion in 2023.

据海通国际预测，25 年 1 月重点跟踪的 8 个行业中 4 个保持正增长，4 个 负增长。个位数增长的行业包括餐饮、调味品、速冻食品和软饮料；个位 数下降的行业包括次高端及以上白酒、乳制品和啤酒；大众及以下白酒出 现双位数下降。与上月相比，5 个行业增速下滑，3 个增速改善。尽管有 春节因素带动，但是去年基数较高，而且居民消费重心转向出行、旅游、 影视等可选消费领域，以食品饮料为代表的必选消费反而受到挤压。 >

The global crab market is a part of the global packaged foods and meats market. The global packaged foods and meats market was valued at $5,988.64 billion in 2021 and reached $7,124.2 billion in 2023.

Pretzels are crisp, brittle, and salted baked snack foods made of flour dough. These are available in various shapes and have shiny outer surfaces. Raw materials that are used to produce pretzels are flour, yeast, leavening agents, and shortenings. Different varieties of pretzels are available in the market in terms of shape and flavor. Companies sell pretzels as on- the-go snacks in packages, and some sell freshly made pretzels at foodservice outlets. The modern production process of pretzels is completely automated. It involves multiple steps, such as mixing the dough, forming pretzels, dipping, and salting, cooking, and packaging. These steps vary depending on the type of pretzel.

Nutraceuticals are considered the future of intelligent foods that have medicinal benefits. Functional foods, nutritional supplements, clinically formulated foods, and sports & energy drinks dramatically accelerate the market growth.

Proteins produce amino acids essential for a range of bodily functions, including the building, maintaining, and repairing muscle fibers. High-protein food items include fish, chicken, nuts, lentils, beans, eggs, and soy. Pre-workout protein consumption helps in improving athletic performance, according to experts. The consumption of protein (alone or with carbs) before exercise increases muscle protein synthesis. In addition, it helps in better anabolic response or muscle growth, improved muscle recovery, increased strength and lean body mass, and increased muscle performance. Protein is the building block for muscles in the human body. Muscles are depressed during workouts. The body requires dietary protein to rebuild muscles. Protein consumption depends on the type of activities and the rest given to the body. It is recommended to take 20 to 40 grams of protein after exercise.

In 2022, the global market for specialty food ingredients was valued at $71.00 billion, projected to increase to $104.79 billion by 2028. Specialty food ingredients are additives used in the food industry to provide a different taste, flavor, texture, and other ingredients. High-quality specialty food ingredients contain fewer calories, resulting in zero or low-calorie content. Specialty ingredients are used with high-quality ingredients to create specialty, high-value food. These ingredients can be produced through chemical synthesis or extracted from plants and are accessible to consumers in various forms, such as packets, powders, or small tablets. These foods are generally in small amounts yet are more nutritious than other foods. However, these specialty foods are comparatively more expensive than other foods.

大众品整体:我们梳理出大众品2025年两条投资主线，渠道变迁结构性机会下受益的真成长公司与餐饮加速修复下受益的子板块。具体看:一 是选品模式商超迅速发展带来的渠道变迁结构性机会下，可能受益的板块及公司(详见我们此前外发的深度报告《从渠道变迁角度挖掘优质消 费品企业投资机会》);二是刺激政策落地带动餐饮端消费加速修复下，率先受益的餐饮供应链、调味品板块。具体看,各细分子行业: 休闲食品:高势能渠道&健康化浪潮兴起，利好优质供应商。整体看，各公司在自身优势单品基础上，坚持全渠道覆盖，积极拥抱山姆&零食量 贩&抖音等新渠道，并持续夯实供应链优势(提升自动化程度&积极布局上游原材料)。在优势单品外，各家持续打造创新单品，为后续发展提 供储备。建议关注:【盐津铺子】、【卫龙美味】、【三只松鼠】、【有友食品】。