1、食品安全风险。餐饮行业属于食品加工制造行业，一旦加工环节出现纰漏导致食品安全事故，将对整个行业造成负 面影响。 2、宏观经济下行风险。餐饮行业属于消费行业，其发展依赖居民收入水平。若宏观经济出现大幅波动影响居民收入水 平，将对整体行业造成不利的影响。

)2024年10月28日-31日，天风食品团队深入深圳糖酒会现场进行调查问卷收集，从115份样本看，大部分受访者所在公司实现了销售收入的同比提升， 但仍然有相当数量的企业销售收入未恢复至疫情前的水平。针对未来消费力恢复的走势情况，绝大部分受访者认为消费力有望恢复至疫情前甚至超越疫情 前的水平，占比超八成。 2)休闲食品:1空间广阔，细分赛道孕育新机遇。目前市场规模已突破万亿，呈现长期稳定增长。细分品类众多，其中糖果巧克力、膨化食品、饼干等 西式零食，外资介入早+头部品牌成型，格局难颠覆;坚果、卤制品等中式传统品类，未形成头部垄断，或存在新品牌孕育机会，重视具备产品创新基因 的龙头公司。重点推荐【盐津铺子】、【甘源食品】、【劲仔食品】等。2渠道变革浪潮下，积极拥抱变化的品牌有望挖掘增量空间。重视积极把握行业 风口、布局零食渠道且具备强供应链的生产商。重点推荐【盐津铺子】， 建议关注【万辰集团】。 3)乳制品:从总量角度，在行业保持稳步增长的情况下，乳制品动销有望延续双节趋势进一步改善。我们建议关注拥有优质奶源供给壁垒的龙头【伊利 股份】【蒙牛乳业】，目前对应2024年业绩均仅为15-16x(wind一致预期数据)。成本端来看，原奶价格阶段性底部，已跌破成本线。我们建议关注盈利 能力持续提升、利润高速增长的【新乳业】。其他乳制品赛道来看，奶酪消费仍处培育阶段，未来增长前景广阔，我们建议关注奶酪行业龙头、新品创新 能力突出的【妙可蓝多】等。 4)速冻制品:1传统速冻行业集中度加速提升;2新兴预制菜板块处于高速成长期;3冷冻烘焙市场仍然处于高速成长阶段，据欧睿国际预计，2025 年 有望超 3000 亿元，再加上烘焙渗透率低而烘焙比例高于其他国家，我们预计渗透率存在较大提升空间，重点推荐【安井食品】、【千味央厨】、【立高 食品】、【圣农发展】(农林牧渔组覆盖)等。 5)保健品:我国VDS行业发展时间短，居民相关消费意识和习惯尚未成型，人均消费水平存在较高增长空间。主要市场增长驱动因素有三:1国民健康 意识提升叠加生活改善带来健康需求跃升;2人口老龄化程度加深，银发经济带来新增长;3青年人心态转变，带来消费新势力。据欧睿国际，VDS市场 2028年将达到2931.53亿元，未来增长空间可期。我们建议关注VDS龙头【汤臣倍健】、CDMO龙头【仙乐健康】、辅酶Q10供应商【金达威】(医药组 联合覆盖)等。

创新驱动走出经济困境，推动日本文旅发展。上世纪 90 年代日本地产 泡沫破裂导致了投资和消费双重下降，对日本经济带来了深远的负面影响， 使得日本经济陷入长达十年的停滞期，中产阶级经济状况的急剧恶化导致 日本社会消费水平大幅下降。面对经济困境，日本积极推动技术创新和产 业升级来重振经济，并大力发展文化产业刺激旅游经济发展。得益于日元 贬值和旅游推广，吸引了大量国际游客，同时本土文娱 IP 的兴起吸引大量 国内消费者，有效缓解了经济危机对日本旅游业带来的冲击。  酒店业多样化发展度过危机，旅游市场回暖引领酒店业发展。消费水 平降低使消费者更注重性价比，酒店业采取市场细分和多样化策略，高性 价比的有限服务型酒店的兴起给行业带来新增长。全球旅游市场的发展和 日元贬值使得国际入境日本旅游需求激增，结合政府振兴政策，推动了酒 店业蓬勃发展。随着通货膨胀带来的房价上涨，强劲游客需求下日本酒店 业投资环境理想，2023 年海外投资者在日本酒店领域的交易费总额约达 20 亿美元，海外投资者对日本酒店的支出创下近十年来最快增速。 市场精细划分，注重用户体验是日本酒店业成功秘诀

Processed vegetables are fresh vegetables converted into the ready-to-eat format. Canned, frozen, and fresh cut are the three common types of processed vegetables. Market size estimates include revenue generated from the sales of processed vegetables such as canned, frozen, and fresh cut. These estimates exclude revenue generated from the sales of other processed vegetable products such as dried vegetables, sauces, baked foods, and snacks.

Pectin is a polysaccharide starch and an amorphous, white, colloidal carbohydrate of high molecular weight found in the cell walls of vegetables and fruits. It is widely used for its thickening, gelling, and emulsifying properties for pharmaceutical, food & beverage, cosmetic, and other applications.

Filtration systems are used in the food and beverage industry for clarifying products, removing spoilage microorganisms, and stabilizing products and other applications, which in turn, ensure the quality of edible products.

Food prep tables, also known as prep stations or worktables, are indispensable fixtures in commercial kitchens across sectors, including restaurants, hotels, and other industries. These tables provide dedicated workspaces for chefs and kitchen staff to prepare, assemble, and store ingredients efficiently, contributing to the smooth operation of food service establishments. Available in various types and configurations, food prep tables are designed to meet different specific culinary needs and kitchen setup establishments.

Citric acid is a naturally occurring organic acid produced through fermentation. The scope of the report includes market segmentation by form, which is further segmented into liquid and anhydrous. The report covers the application segment by food and beverages, pharmaceutical, personal care and other applications.

Carbon fibers are fibers composed mostly of carbon atoms and have a diameter of about 3-15 micrometers. The carbon atoms are bonded together in crystals, which are aligned parallel to the long axis of the fiber. This alignment gives the fiber a high strength-to-volume ratio.

Makreo Research has released a detailed analysis titled “Global Banana Powder Market Size and Forecast (2019-2028) - By Type (Organic and Inorganic), Application, Distribution, Process,andGeography”, providing a comprehensive overview of the global market. The report delves into how trade impacts the market, examining import and export dynamics, and assesses the various demand and supply factors shaping the market. It analyzes the market's historical and current performance, including pricing trends and regional analysis. The report also highlights key players in the banana powder market, offering an in-depth examination of major companies, recent developments and detailed profiles. This comprehensive analysis empowers stakeholders and industry experts with a deep understanding of the evolving dynamics within this rapidly growing sector.