基金前二十大重仓股配置情况：从前二十大重仓股情况来看，基金配置的前二十大重仓股持股市值占基金股票投资市值延续上一季度的环比回落趋势。2021Q4 前二十大重仓股持股市值占基金股票投资市值比为17.34%，环比21Q3 下降1.20pct，持仓集中度有所下降。

品牌入局预制菜，品质升级成关键。消费者居家烹饪的意愿度高，预制菜有助于平衡消费者对食品品质和烹饪便捷度的双重要求。多品牌入局预制菜赛道，未来继续关注包装技术和配送模式升级，打造更好的品质。压力、失眠相关的情绪困扰受到重视，含有相关营养成分的功能性食品被消费者的关注。国内，新品品类正朝多样化趋势发展，需重视成分同质化和产品功能沟通难的问题。

The global Macarons market is evolving and a greater number of organisations are leveraging them to their advantage due to the demand. As the market is growing, many local and international players are having their focus onto the Macarons and claim the benefits of the growing opportunity. Hence, more than the threat of new entrants, existing players would be more of a threat during the forecasted period for this market. This also makes a good opportunity to new entrants to only focus on the particular macarons product type or flavor type and make their own niche.

Low calorie snack foods are aiding to more specific roles in food lives as customers continue to look for ways to balance nutrient-dense, healthy and purposeful snacking with the aim for emotionally satisfying and indulgent snacks, especially when indulgent snacks are of higher quality. Low calorie snacks have the potential to offer several health benefits without impacting the health as it is prepared from natural and free from ingredients. The base year of the global low calorie snacks market is 2020, wherein the forecast period is 2021-2030. The report scope includes various types of low calorie snacks, including sweet snacks, and savory snacks. The packaging types of low calorie snacks considered in the scope of the study include pouches, cans, jars, and others. By distribution channel, it is divided into business to business, and business to customer. The distribution channel of low calorie snacks considered in the scope of the study include business to business and business to customer.

Texturized plant-based meat or plant-based meat are structured plant-derived products designed to directly replace animal meat, including poultry and seafood. These products are obtained through texturized vegetable proteins (TVPs), which are formed through extrusion or fiber spinning technologies. •Different types of TVPs are available; they are used either as meat extenders or as meat analogs and include the following:

Meat substitutes are products that resemble actual meat in terms of taste, flavor, and appearance but are healthier than meat. Such products are increasingly being used as substitutes for regular meat and meat products. They are primarily composed of ingredients such as soy, wheat, and others. The report covers the detailed analysis of the trends, future estimations, and a thorough study of the global meat substitute market on the basis of product type, source, and category. It analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting the market growth. These factors include raw material prices, intense competition, sources, manufacturers, and suppliers. To understand the market, drivers, restraints, and opportunities are explained in the report. Furthermore, it includes the revenue generated by the meat substitute market from the sales of meat substitute products across North America, Europe, Asia-Pacific, and LAMEA.

根据魔镜数据，2021 年 12 月阿里系休闲食品行业线上销售额达 92.2 亿元，同比降 2.0%。拆分量价来看，销售量同比降 11.7%，销售均价同比增加 11.0%，价增量跌。分子行业来看，2021 年 12 月子行业销售额巧克力类增长最快，同比增48.4%。三只松鼠、百草味销售额提升主要由于均价增长；良品铺子则量价齐降。休闲食品行业 CR3 环比降 1.77pct 至 15.6%，行业集中度有所下降。

12 月阿里线上电商数据披露，我们重点对白酒、乳制品、调味品、保健食品、休闲食品及奶粉等子板块线上销售情况进行分析。阿里渠道数据显示，2021 全年依旧不改量减价增趋势，但量减幅度大于价增幅度，多数板块销售额有所下滑。单12 月来看，主要板块线上需求依旧疲软。

白酒：21 年顺利收官，22 年目标稳中有进，高端酒需求韧性仍足，次高端略分化，疫情反复整体冲击预判有限，短看春季旺季行情仍有支撑，开门红仍可期，长看需求坚挺与结构升级主线。

近期多地奥密克戎疫情扰动，近两周新增病例再创新高，各地防疫政策收紧，预计春节仍以就地过年、居家消费为主基调，建议关注受益宅家经济的速冻食品；同时建议关注预制菜概念标的，优选具备渠道和供应链优势的公司布局。