休闲零食行业界定：当前市场口径不统一，边界混淆严重。Mob研究院定义：“携带方便、满足多维度需求和消费场景、非正餐的即食类食品”。休闲零食行业发展现状快速发展后的早期成熟阶段，市场容量巨大、市场份额集中度低。

据国家统计局数据显示，2019年1-10月，中国食品行业主要食品产量有增有减。具体来看，1-10月食用植物油产量为4330.5万吨。

截止2019年9月底，我国食品行业规模以上企业数量达到8214家。其中，亏损企业数量1408家，亏损面17.1%。

截止2019年8月底，我国食品行业规模以上企业数量达到8195家。其中，亏损企业数量1443家，亏损面17.6%，亏损面环比缩小1.25个百分点。

截止2019年7月底，我国食品行业规模以上企业数量达到8194家。其中，亏损企业数量1519家，亏损面18.85%，亏损面环比缩小0.31个百分点。

截止2019年11月底，我国食品行业规模以上企业数量达到8272家。其中，亏损企业数量1368家，亏损面16.5%，亏损面环比缩小0.4个百分点。

For the purpose of the report, the meat substitute market is defined as the market for artificial meats (raw artificial meats) and that of wide variety of meat substitute based food & snack products (breakfast, lunch, and dinner). Meat substitutes prepared from tofu, Tempeh, textured vegetable proteins, seitan, Quorn, and other plant-based sources are covered in the report. Moreover, the market is studied under three major categories— frozen, refrigerated, and shelf-stable. Raw materials used in the preparation of meat substitutes are primarily certified as organic, Non-Genetically Modified (Non- GMO), and plant based, containing high level of proteins and low in cholesterol content.

The global malt ingredients market report (henceforth, referred to as the market studied) offers key insights into the latest developments. It analyzes the recent trends, drivers, and challenges affecting the market. Opportuni ties pertaining to the market have also been taken into consideration. The market has been segmented by source, application, and geography. By source, the market can be segmented into barley, wheat, and other sources. By application, the market can be segmented into alcoholic beverages, non- alcoholic beverages, food, pharmaceutical, and animal feed. By geography, the market covers major countries in the region North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report also gives insights on the barley and wheat production and its impact on the demand and prices of malt ingredients.

本周各家酒企经销商大会陆续召开，基调稳中求进，力求高质量增长。分价格带看，高端白酒三强强基固本，再启征程，其中茅台规划打消市场担忧，次高端名企跑马圈地，目标调低兼顾质量，区域龙头立足本埠深耕，寻求省外战略布局。

18 年板块触底后，食品饮料板块在2019 取得良好表现，稳健的经营业绩是食品饮料行业获得资本市场认可的核心原因之一，由此推动的板块估值水平的恢复，目前食品饮料估值已恢复到历史估值中枢偏上分位。本轮食品饮料行业业绩的增长主要由需求端推动，因此，具有较强的持续性。虽然食品饮料行业景气度下降，营收和利润增速均放缓，且分化加大，但仍稳中前进，存在结构性机会。