Group 1 - The global nutrition and health products market is expected to maintain a compound annual growth rate (CAGR) of over 5%, reaching $226.8 billion by 2027, driven by changes in economic levels, population structure, and health awareness [1] - The U.S., China, and Europe are the top three regional markets, accounting for nearly 70% of the total market share, with the Chinese market gradually improving [1] - Structural high-growth opportunities are emerging due to changes in consumer demographics, demand, and sales channels, including DTC brands and e-commerce [1] Group 2 - The nutrition and health products industry has developed a mature specialized division of labor, consisting of upstream raw material suppliers, midstream manufacturers and brand owners, and downstream distributors [2] - The upstream raw material market is expected to grow at a CAGR of over 6% over the next six years, benefiting from strong demand from downstream [2] - The online channel has become the largest sales channel for nutrition and health products globally, with China's online penetration rate nearing 60% and a long-term CAGR of around 20% for the online market [2] Group 3 - The industry has reached a turning point, with revenue, profit, and operational conditions gradually improving, and overall performance expected to grow by over 20% CAGR over the next three years [3] - The capital structure of the industry is relatively sound, with low financial risk, supporting a gradual recovery in valuation levels [3] - The long-term growth potential of the nutrition and health products industry is significant, with short-term fundamentals likely to see a strong recovery, highlighting the increasing value of sector allocation [3]