白酒：单月整体销售额同比上升157.2%。2020 年5 月白酒的淘系平台线上销售额同比上升157.2%至5.27 亿元，其中销售量同比提升100.4%至252.84 万件，销售均价同比提升28.3%至208.5 元/件。整体来看，2020 年5 月白酒呈现出量价齐升的态势。市占率角度来看，高端白酒品牌茅台市占率领先。

下半年餐饮渠道企稳复苏，餐饮通路动销加快回归正常区间，餐饮占比较高的海天和中炬有望在H2 恢复两位数增长。Q1 调味品家庭端收入增速达30%以上，明显提速，且后疫情时期家庭做饭等习惯可能延续，预期家庭消费增长仍可保持较快速度，将成为今年调味品行业增长的主要驱动力。

2020 年5 月，各行业延续线上靓丽表现，膳食营养补充剂、休闲食品、乳制品、酒类销售均实现双位数以上强势增长，各行业龙头表现分化。疫情影响下居民部分消费转为线上，驱动线上各行业整体高速增长。

行情回顾：板块H1 表现亮眼，内部子板块出现分化，防御性凸显获资金青睐。截至5 月29 日，申万食品饮料指数自年初上涨14%，跑赢沪深300 19pct，位居申万28 个一级行业第2 位。食品综合、肉制品、调味发酵品子板块自疫情爆发初期显著跑赢大盘，啤酒、白酒自3 月底-4 月初反弹。外资食饮板块话语权较大，且食饮板块持仓比例也居首位。

受宽松经济环境、消费刺激政策下餐饮渠道消费场景恢复等因素影响，近期白酒终端消费需求加速回升，其中高端名优白酒动销表现积极，整体价格水平坚挺向上，茅台批价上涨至2350-2400 元，普五批价920 元左右，后续价格带势能打开，近期老窖、汾酒、酒鬼酒、西凤酒、剑南春纷纷提价动作或计划，名优酒企在渠道库存消化较好的基础上、淡季通过提价站稳次高端价格定位，抬升品牌形象利于承接对应消费需求，也将支撑渠道销售信心、加快打款进货节奏，为端午节及其后节庆消费形成支撑。郎酒披露招股说明书，作为两大酱香白酒之一，通过重点发展青花郎成功站稳高端及次高端市场，募资项目将继续强化长期竞争力。

From ancient times, there has been a requirement for kitchens to eliminate the smoke, dust, and oil from the cooking areas. While people were using traditional brick range hoods to eliminate the smoke, changes in the construction of buildings led to the use of exhaust and ventilation fans. These fans are smaller in size and are installed to draw the smoke out of the kitchens. Even now, these fans are widely used across households of low-income earners. In the modern world, there have been numerous advancements in the kitchen layout. With the rising disposable income and increased demand for convenience goods, the carpenter-made kitchens have been replaced by modular kitchens. They are also referred to as ready-to-install cabinets that can be customized to a certain extent according to consumer preference. The modular kitchens come in various types like U-shaped, L-shaped, Parallel, Island, Straight, and Peninsula.

With the increasing technological advancements, many companies are emphasizing on the implementation of quality management systems in the restaurant industry. The restaurant owners and the chefs are being made aware of the latest culinary technologies, thereby propelling the sales of sous vide in the market. Sous vide technique of cooking food has proven to be useful for the foodservice segment. Various operational and nutritional benefits offered by sous vide is expected to increase its prominence among the residential, industrial, and commercial users. With increasing health consciousness among consumers for affordable, convenient, and processed food, the usage of high-end technology such as sous vide in restaurants and hotels is expected to increase in application. The food prepared with this technology retains all the nutritional value along with the natural sensory qualities. Besides this, the equipment acts as one of the significant sources for the foodservice operator for the meal provision, but at a cost of much higher standard in terms of quality management to overcome the microbiological risks. Factors such as shifting preferences towards the adoption of innovative food processing methods are expected to open avenues for the overall sous vide machine demand in the market.

婴儿辅助食品，又称婴儿补充食品或婴儿断奶期（转奶期)食品，主要包括婴儿营养米粉、 婴儿面条、婴儿饼干、 泥状辅食等等。随着婴儿的长大和消化功能的增强， 单纯喂食奶类食物无法满足其正常生长发育的需要，需逐步添加各种婴儿辅助食品以保证婴儿的正常生长。添加上述辅助食品可以为婴儿补充热量、矿物质、维生素等，预防贫血、佝偻病、坏血病、干眼症等疾病的发生，锻炼孩子的咀嚼和消化功能，培养孩子摄取多种食物的习惯，避免偏、挑食出现。

The dairy free is a leading category in the global marketplace, followed by others, that include products devoid from artificial colors, artificial flavor, preservatives, starch, MSG – mono sodium glutamate, and caffeine. The dairy-free products market is driven by the growing trend of veganism, popularity of plant- based ingredients, increase prevalence of lactose intolerance, and value-addition, in terms of micronutrients for such specialized dairy-free products. Consumers are increasingly choosing dairy-free products, due to the shift in perception, making them believe that the dairy free is better for them. The non-dairy beverages are gaining immense popularity among millennial and the Generation-Z consumers, who are increasingly opting for almonds, peas, oats, and hemp-based drink substitutes. The trend has prompted dairy companies to move into the space of dairy-free products. For instance, in 2017, Danone acquired WhiteWave, a leading company in dairy alternatives. The gluten-free food products market is driven majorly by free-from consumers, who are choosing to cut certain ingredients from their diet for health, diet, or lifestyle reasons. The innovation and portfolio expansion in the gluten-free space is retaining its growth.