中信建投：看好国产乳制品深加工品类进入高增长阶段

Core Viewpoint - The domestic dairy product industry is entering a new stage of development in deep processing, with a focus on increasing production capacity and domestic brand growth driven by low milk prices and cost reduction demands from downstream sectors [1] Industry Summary - The production capacity for deep processing in the dairy sector is expected to exceed 700,000 tons in the future [1] - The B-end deep processing demand scale is projected to surpass 26 billion yuan, with high growth driven by baking, ready-to-drink beverages, and Western fast food sectors [1] - Domestic brands are expected to enter a high growth phase due to advantages in product cost-performance, local supply chains, and market services [1]