每经AI快讯，1月7日，中信证券研报表示，我国量贩零食行业发展迅速，估算2024/2025年门店同比翻 倍/增长超30%至4.2万/5.6万家，2025年行业销售规模有望达2200+亿元。2024年行业竞争加剧，头部量 贩零食企业通过加大门店和价格战补贴推动加速拓店。2025年行业竞争缓和，不过由于门店快速加密， 2025H1头部量贩零食企业同店销售下滑多，2025H2同店跌幅已环比改善。研报称，看好国内硬折扣零 售业态可以穿越经济周期、保持韧性增长，头部量贩零食企业未来还有超50%的开店空间，品类扩展、 自有品牌产品运营、店型优化、精细化运营是未来重要发展任务。 ...

Core Insights - The rapid development of China's snack retail industry is highlighted, with projections indicating that the number of stores will double year-on-year in 2024 and grow over 30% to 42,000 and 56,000 stores by 2025, respectively [1] - The industry sales scale is expected to exceed 220 billion yuan by 2025 [1] - Increased competition is anticipated in 2024, with leading snack retail companies accelerating store expansion through store openings and price wars [1] - Competition is expected to ease in 2025, although same-store sales for leading companies are projected to decline in the first half of 2025, with improvements in the second half [1] - The resilience of hard discount retail formats in China is supported by a review of Turkey's leading hard discount retailer BIM, suggesting that these formats can withstand economic cycles [1] - There remains over 50% potential for store openings among leading snack retail companies, with key future development tasks including category expansion, private label product management, store format optimization, and refined operations [1]