安德利：过去3年浓缩果汁行业整合始终围绕“集中度提升、头部企业主导”的逻辑，未出现本质改变

Group 1 - The core logic of industry consolidation in the concentrated juice sector remains unchanged, focusing on "increased concentration and dominance of leading enterprises" [2] - Over the past three years, traditional large manufacturers have faced operational difficulties, leading to debt issues, lawsuits, and even bankruptcy restructuring, while some small and medium-sized producers have exited the market due to financial and environmental pressures [2] - Leading enterprises are leveraging their financial strength, multi-regional production capacity, and economies of scale to capture market share, resulting in a stable competitive landscape dominated by two major players [2] Group 2 - The trend of industry consolidation is expected to continue for the next 3 to 5 years, adhering to the same logic of resource aggregation towards leading companies [2]