瑞财经 严明会近日,中国银河证券发布研报表示,若2026年宏观经济恢复节奏仍然偏温和,认为食品饮料行业仍以结构性机会为主:1)新消费仍具持续性,但板块内部或有轮动;2)部分传统消费供给逐渐出清,需求改善有望推动板块修复,例如乳制品、速冻食品等。与市场观点不同,其认为2026年新消费将出现内部轮动:1)新渠道方向,山姆与零食量贩将从高速开店逻辑切换至格局优化逻辑,而渠道自有品牌与多品类折扣业态有望...
Source Link瑞财经 严明会近日,中国银河证券发布研报表示,若2026年宏观经济恢复节奏仍然偏温和,认为食品饮料行业仍以结构性机会为主:1)新消费仍具持续性,但板块内部或有轮动;2)部分传统消费供给逐渐出清,需求改善有望推动板块修复,例如乳制品、速冻食品等。与市场观点不同,其认为2026年新消费将出现内部轮动:1)新渠道方向,山姆与零食量贩将从高速开店逻辑切换至格局优化逻辑,而渠道自有品牌与多品类折扣业态有望...
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