居家过日子，柴米油盐酱醋茶，必不可少。 从核心经营指标的综合体量来看，海天味业、梅花生物与安琪酵母三家企业始终保持领先优势，其营收 规模与利润水平长期稳居行业前三名，属于该领域的"头部阵营"；若从营收增速角度来看，营收同比增 速前三的公司依次为莲花控股、恒顺醋业与安琪酵母，展现出显著的规模扩张势头；而从利润增速角度 来看，排名前三的公司分别为加加食品、莲花控股及安记食品，在行业内属于盈利水平提升最快的代表 企业。 一个行业有"优等生"，自然也有差等生。其中，苏盐井神、雪天盐业、中炬高新等6家公司营收、净利 双下滑，涪陵榨菜则是增收不增利。 然而，随着消费需求日趋多元化，调味品行业也进入了存量时代。这个一向以稳健闻名的行业，也陷入 了激烈的竞争中。 最近，国内调味品上市公司相继发布了半年报，绝对是几家欢喜，几家忧愁。 从行业整体来看，上半年表现趋于向好，大部分企业保持营收、净利润双增长的趋势，但部分企业面临 压力大也是不争的事实。 面对行业未来存在诸多不确定性，如何平稳穿越行业周期，成了所有企业要思考的问题。 冰火两重天，一份"分裂"的业绩单 在近期披露的半年财报中，海天味业交出了一份自2022年以来最为强劲的 ...

Investment Rating - The report does not explicitly provide an investment rating for the jelly industry Core Insights - The Chinese large cup mixed jelly industry has experienced rapid growth, capturing a significant share of the snack food market, particularly favored by the younger generation due to its diverse flavors and unique textures [4] - The market is characterized by a shift towards health-oriented products, with the proportion of healthy jelly options increasing from 12% in 2018 to 28% in 2023, driven by consumer demand for low-sugar and functional ingredients [7][10] - The competitive landscape is evolving, with established brands facing challenges from emerging and cross-industry brands that leverage innovation and differentiation strategies [28] Market Background - The large cup mixed jelly is defined as a product containing multiple flavors in a single large package, typically over 150 grams, made from ingredients like water, sugar, and konjac powder [5] - The industry has evolved through several stages, from its nascent phase in the 1980s to becoming the largest jelly market globally by the early 21st century, with a focus on health and personalization in recent years [6] Market Status - The market size reached 22.4 billion yuan in 2023, with a compound annual growth rate (CAGR) of 2.29% from 2018 to 2023, indicating steady expansion [7] - The demand is primarily driven by female consumers, who contribute over 65% of online sales, and the average price point for high-end products is between 15-25 yuan, with a repurchase rate of 60% [10] Market Competition - The competitive landscape is tiered, with leading brands like Xianzhibao and Crayon Shin-chan in the first tier, and brands like Hiyori and Qinqin in the second tier, each leveraging production capacity and innovation to maintain market share [15] - The evaluation of brands is based on product quality, brand strength, and technological capabilities, with a focus on natural ingredients and innovative production methods [11][14] Development Trends - Health innovation is becoming a consumer favorite, with a growing emphasis on low-sugar and natural ingredient products, leading to the adoption of advanced preservation technologies [26] - Personalization and premiumization are driving market trends, with brands collaborating with popular IPs and focusing on high-quality ingredients and unique flavor combinations to attract discerning consumers [27]