Week 49 2023 Food Beverage Weekly Market Watch

Mondo Finance Updated on 2024-01-29

1.The snack discount store in the county town has a turbulent undercurrent

Keywords: retail discount stores

Summary: Mass merchandising snack stores achieve low prices and scale effects by reducing costs, and maintain low costs with scale advantages, forming a virtuous circle. At present, the market is highly competitive, and brand and category differences lead to frequent integration. The merger brings management problems and the risk of declining profits for franchisees, and market saturation may lead to increased competition for passenger flow. Mass-selling snack stores need to create more explosive categories, strengthen user stickiness, increase investment and construction of their own ** chain, and strictly control product quality to cope with the fierce competition.

2.Snack foods: Brand building and differentiated competition are becoming increasingly prominent

Keywords: snack food

Summary: The snack food industry as a whole is developing well, and the competition is becoming increasingly fierce. Companies such as BESTORE, Three Squirrels, and Qiaqia Food are still in the leading position, but their growth rate has slowed down. Yanjin Shop, Jinzai Food, Ganyuan Food and other enterprises have benefited from the dividends of snack wholesale and have grown rapidly. Industry experts said that in the context of increasingly fierce competition in the snack food market, brand building and differentiated competition have become particularly important, and only by creating a unique brand image and product characteristics can we stand out in the market. Therefore, snack food companies should continue to innovate and improve product quality and service levels to meet the diversified needs of consumers and improve the market competitiveness of enterprises.

3.Cheese industry 1The end of the 0 era Dairy companies are looking for a new growth curve

Keywords: cheese industry

Summary: Cheese with cheese sticks as the main product1The era of 0 is over, which has become the consensus of the industry, with the concentration of the top five in the industry as high as 80%, and cheese 2The 0 era is on the rise. At this stage, cheese in China is seen more as a lifestyle than a daily necessity, and the growth in the penetration rate of the cheese sub-category is still mainly driven by attracting more people to try this category. Therefore, it is very important to innovate cheese products for different groups of people, subdivide categories, and consumption scenarios, so as to better convey the value of categories, let more people know about cheese, and directly help promote the growth of cheese categories and sales.

4.Community cafeterias are waiting for "evolution".

Keywords: community canteens.

Summary: While community cafeterias are closing, new canteens are popping up. However, problems such as profit difficulties, unclear crowd positioning, and undeveloped consumption Xi still plague community canteens. Some community canteens are actively exploring sustainable pathways, including improving their profit models, tapping more customers, and optimizing their services. As a project to benefit the people, the problem that needs to be solved is to improve the survival rate and make it more suitable for the market.

5.Three new food raw materials, yerba mate tea, yeast protein, and catechins were approved

Keywords: food raw materials

Summary: On December 1, the National Department of Food Safety Standards and Monitoring and Evaluation issued an announcement on 9 kinds of "three new foods" such as Paraguayan wintergreen leaves (yerba mate), yeast proteins, and catechins as new food raw materials.

6.Swire Coca-Cola sells beer and launched cooperation with Budweiser in Anhui and Hubei provinces

Keywords: cross-border cooperation, Budweiser, Swire Coca-Cola

Summary: On December 2, Swire Coca-Cola and Budweiser reached a cooperation agreement, which was first launched in Anhui and Hubei, and the distribution rights of Budweiser series products in the main channels of the two provinces are owned by Swire Coca-Cola. The partnership aims to increase value to customers, consumers and communities.

7.Cudi Coffee applied for the trademark of Ku Flash

Keywords: Ku flash send trademark, Cudi coffee

Summary: Tianyancha APP shows that recently, Cudi Technology (Hainan)** applied for the registration of two "Ku Flash" trademarks, which are internationally classified as transportation and storage, scientific instruments, and the current trademark status is pending substantive examination. It is reported that recently, Cudi has launched the "Ku Flash Send APP" on major software platforms. According to the introduction, Kushan Delivery is an application that provides delivery platform services for Cudi stores and cooperative crowdsourcing providers.

8.Zhong Xuegao established Zhong Fan Food Technology Company

Keywords: Establishment of a food technology company, Zhong Xuegao

Summary: Tianyancha APP shows that on November 30, Shanghai Zhongfan Food Technology was established, the legal representative is Zhou Bing, with a registered capital of 3 million yuan, and its business scope includes food sales (only sales of pre-packaged food), retail of edible agricultural products, sales of daily necessities, Internet sales, catering management, enterprise management consulting, etc. According to shareholder information, the company is wholly owned by Zhongxuegao Food (Shanghai)**.

9.Want Want Interim Results Release: Dairy and Beverage Revenue Growth Significantly, Snack Food Performance Weak

Keywords: financial report, Want Want

Summary: According to the latest earnings report released by Want Want China, the company's revenue reached 112 for the six months ended September 30, 20237.5 billion yuan, a year-on-year increase of 41%。During this period, dairy and beverages were a key part of the company's total revenue, accounting for 54% of the company's total revenue. Rice crackers and snack foods accounted for 45%. Dairy and beverage revenue increased by 71%, rice crackers increased by 4 year-on-year5%。However, revenue in the snack food category decreased by 15%。The main reason is that the main ice products are affected by the front-loading of the operation rhythm, and the income performance is weak. Judging from the data, the company's overall performance has maintained a stable growth trend.

10.Yanzhiwu will start offering shares on November 30 and is expected to be listed on December 12

Keywords: IPO, listing, swallow house

Summary: Yanzhiwu will be listed on the Hong Kong Stock Exchange on December 12 from November 30 to December 7, and is expected to be listed on the Hong Kong Stock Exchange on December 12, jointly sponsored by CICC and GF Capital (Hong Kong). Yanzhiwu plans to offer 32 million H shares globally, of which 90% are international offerings, 10% are public offerings, and 15% are over-allotment options. The offer price per share is between 880~11.HK$00, 400 shares per lot, up to about 3HK$5.2 billion.

11.Dingdong Grocery opened the country's first community fresh food discount store

Keywords: community fresh food discount store, Dingdong grocery shopping

Summary: The country's first "Dingdong Outlet" store recently opened in Jiuliting Street, Songjiang District, Shanghai. It is reported that "Dingdong Outlet" is another form of community supermarket that Dingdong is exploring to reach consumers based on the company's existing first-class chain and commodity development capabilities, mainly selling fresh and livelihood commodities, covering vegetables, fruits, meat, poultry and eggs, standard products, prefabricated dishes and other categories.

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