这是新消费智库第 2 7 4 1 期文章 新消费导读 健 康 食 品 难 吃 ， 似 乎 是 一 条 铁 律 。 但 当 一 家 公 司 的 产 品 ， 先 是 救 活 了 ICU 里的重症患者，又帮数万"糖妈妈"平稳度过孕期，最后竟然还能成 为 年 轻 人 抢 购 的 零 食 —— 这 件 事 就 开 始 变 得 有 意 思 了 。 玛 士 撒 拉 创 始 人 唐黎明 向我们揭示了一条反常规的路径：用做药的严肃，来解决吃零食 的 快 乐 问 题 。 这 背 后 不 是 励 志 故 事 ， 而 是 一 场 关 于 如 何 " 欺 骗 " 人 体 本 能、同时说服供应链的谈判。 本文为 新消费智库专访玛士撒拉创始人 唐 黎 明第一人称口述，深度揭 示如何将 "好吃"从一个奢望，变为一款低 GI 食品必须攻克的技术与哲 学高地。 作者 ：龙猫君 来源：新消费智库 这些准妈妈们面对的，是长达数月的、味同嚼蜡的饮食控制，这本身就会带来巨大的心理压力。我们意识到，对于她们而言，一款能 稳定血 糖、营养均衡 的产品只是及格线；在此之上，能否提供 进食的愉悦感和满足感 ，决定了她们能否长期坚持，从而真正保障母婴安全。在这 ...

华东医院 临床营养科 吴江（主任医师）赵安达（主管营养师） 荤菜：品种首选富含Omega-3脂肪酸的深海鱼（如三文鱼），它们是顶级的抗炎明星；其次选择鸡、 鸭、虾等白肉；猪、牛、羊等红肉可以吃，但建议选择瘦肉部分，并每周最好不要超过3次。尽量避免 香肠、培根、火腿等加工肉制品，它们因含有较高的盐分、饱和脂肪及添加剂，是明确的促炎食物。推 荐荤菜每餐差不多一个掌心大小的量正好，摄入过多会加重肝肾负担，摄入过少无法满足身体需要。 蔬菜和水果：水果和蔬菜中含有丰富的维生素和矿物质，都是抗炎的好帮手。特别是深绿色蔬菜（如菠 菜、西蓝花）、橙黄色蔬果（如胡萝卜、南瓜、橙子）、紫色食物（如蓝莓、紫甘蓝）含有更多对人体 有益的成分，抗炎能力更强。 一个简单有效的执行策略是：确保蔬菜体积占到每餐食物的一半以上，差不多2个拳头大小的量，其中 深色蔬菜（深绿、橙黄、紫色）占蔬菜总量1/2以上；水果每天有一个拳头大小的量。 茶：绿茶和红茶具有很好的抗炎能力，建议可以根据个人习惯和健康状况喝淡茶，但是不要加糖。 烹饪方式：很重要！高温烹调或煎炸可产生促炎成分，应以烩、炒、蒸、煮为主，少用煎、炸、烤等方 式。 抗炎饮食四大误区 ■ 迷 ...

首席联合电话会-消费专场 20251225 摘要 国补政策收紧，补贴品类聚焦于黑白电等核心品类，对美的、海尔、 TCL 电子和海信视像等企业形成支撑，但需关注海信家电和格力电器等 竞争激烈品牌，一季度后或有更佳投资时机。 宠物行业保持高单位数增长，线上渠道增长显著，但产品创新进入瓶颈 期。头部品牌增长高于行业平均水平，小品牌生存承压，行业集中度提 升。人民币升值对出口企业有汇率损失，但影响可控。 中国东方教育受益于疫后扩张和国家对就业的重视，招生人数双位数增 长，新培训项目增长迅速。公司专注职业教育，就业率高，长期看具备 竞争优势，并积极拓展新兴领域业务。 中国东方教育积极布局"一带一路"项目，预期未来几年将显著提升业 绩，当前估值较低，分红率高，预计明年业绩可达 10 亿元，未来三年 复合利润增长率预计为 15%-20%。 医药行业关注小核酸产业链，诺华英克司兰进入医保但产能不足，利好 国内供应链企业。建议关注符合 FDA 审计标准并进入跨国公司供应链的 企业，如联化科技、辰大药业等。 Q&A 2026 年家电行业以旧换新政策有哪些变化？ 2026 年家电行业以旧换新政策将更加聚焦于传统大家电品类，如彩电、 ...

人民网北京12月25日电 （记者乔业琼）据中疾控微信公众号消息，每年冬天，当气温骤降、大衣 裹身，很多想要减重的朋友都发现：体重下降变慢了，甚至不降反增……您或许没有多吃，运动也没偷 懒，但体重秤上的数字就是纹丝不动。这不是错觉，也不是意志力不足——冬季减重确实面临特有的生 理挑战。下面就从科学角度来解开冬季减重困局。 为什么冬季减重更难？ 代谢的季节微变化。从生物进化角度看，冬季意味着食物可能短缺和生活环境寒冷。我们的身体会 启动"节能模式"：基础代谢率可能轻微下降，以保存能量，抵御严寒。同时，维持体温需要消耗更多能 量，可能会增加一部分能量消耗，但对于久坐少动的现代人来说，整体能量平衡往往倾向于"储 备"＞"消耗"。 身体活动的季节性改变。户外活动减少：寒冷天气让很多人不愿外出跑步、散步等活动，日常活动 消耗显著减少；运动强度下降：厚重的衣物、僵硬的身体会不自觉地让很多减重人士降低运动强度，减 重动力不足。 膳食的季节性变化。高能量食物诱惑增多：节日聚餐、火锅、烤肉、热饮、甜点等高能量密度食物 更受欢迎；生理性食欲增加：身体本能地渴望摄入更多能量来御寒，尤其是对碳水化合物和脂肪的渴求 增加；饮水减少：因气 ...

Core Insights - Many people consider consuming coarse grains as a healthy choice for controlling blood sugar, especially for those with high blood sugar or diabetes, but some coarse grains can actually cause blood sugar levels to rise more quickly than white rice or steamed buns [1] Group 1: High Glycemic Index Coarse Grains - Glutinous corn has a glycemic index (GI) of approximately 70-80, which is classified as high, leading to a faster increase in blood sugar levels compared to other grains [2] - Yellow millet porridge, particularly made from glutinous varieties, can raise blood sugar levels faster than white rice porridge, making it important for those with blood sugar issues to limit its consumption [2] - Baked sweet potatoes have a GI of 94, significantly higher than steamed ones (GI of 77), due to the conversion of some sucrose into faster-acting maltose during baking [2] Group 2: Factors Contributing to High Glycemic Response - The breeding of sweeter varieties of foods like sweet potatoes and pumpkins has resulted in higher sugar content and GI values compared to older varieties [3] - Overcooking grains increases the gelatinization of starch, leading to faster absorption in the intestines and a quicker rise in blood sugar [3] - Excessive processing, such as making mashed potatoes or grain pastes, removes dietary fiber that helps slow down sugar absorption, resulting in a doubled glycemic response [3] Group 3: Recommended Coarse Grains for Stable Blood Sugar - Whole grain cereals like oats, barley, and buckwheat have lower GI values compared to refined grains, aiding in better blood sugar control for diabetic patients [5] - Legumes such as red beans, green beans, and chickpeas have a milder GI, providing essential nutrients while avoiding excessive saturated fats and cholesterol [6] - Bran products, including oat bran and whole grain bread, are rich in dietary fiber, which helps slow digestion and sugar absorption, making them beneficial for diabetes management [7] - Germ foods like wheat germ and corn germ are nutrient-dense, containing vitamins, minerals, and healthy fats that support overall health, particularly for diabetic patients [7]

八百里河套平原上，如何让传统农牧业迸发出千亿级产业能量？连续七年牛奶产量全国第一的背后，蕴 藏着怎样的发展密码？绿波起伏的苜蓿田与成排的光伏电站交相辉映，一幅"产业强、农民富、乡村 美"的振兴画卷正在内蒙古大地上徐徐展开。 转自：中国经济导报 本报记者 | 刘丹阳 作为国家重要的农畜产品生产基地，2024年内蒙古以粮食年产量突破800亿斤、年外调粮食超500亿斤的 坚实贡献，成为国家粮食安全的"北疆压舱石"；以奶业全产业链产值突破2500亿元的产业规模，打造出 享誉中外的"内蒙古名片"。从"靠天吃饭"到"科技兴农"，从分散经营到产业集群，内蒙古正以一场深刻 的产业变革，书写着新时代乡村振兴的答卷。 高标准农田建设守护"北疆粮仓" （来源：中国经济导报） 粮食安全是"国之大者"。内蒙古始终把粮食生产摆在农业农村工作的首要位置，2024年全区粮食播种面 积达到1.05亿亩，产量首次突破800亿斤大关，达到820亿斤，稳居全国第六位。值得一提的是，在自 1961年有气象记录以来最严重的洪涝灾害面前，通过全面落实12项防灾减灾措施，全区预计挽回粮食损 失约8亿斤，展现了"北疆粮仓"的韧性。 乡村振兴不仅依赖于传统产业 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The overall operation of China's commodity market in 2025 was stable, with obvious characteristics of new and old kinetic energy conversion. The average value of the China Commodity Price Index was expected to be 112.1 points, a decrease of 0.1% compared to the previous year [4]. - The Chinese bond market showed a positive trend, with the yields of interest - rate bonds declining. The year - end bond market might continue to fluctuate, and the market was cautious about the overall space of the bond market next year [26]. - A - share market entered a critical window for cross - year layout, and structural opportunities would focus on the tracks where policy orientation and industrial prosperity resonated, with the subsequent spring market worth looking forward to [36]. 3. Summary by Directory 3.1 Macro Data Overview - GDP growth in Q3 2025 was 4.8% year - on - year, slightly lower than the previous quarter's 5.2% but higher than the same period last year's 4.6% [1]. - In November 2025, the manufacturing PMI was 49.2%, and the non - manufacturing PMI for business activities was 49.5%, both showing a certain decline [1]. - Social financing scale in November 2025 increased compared to the same period last year, and M0, M1, and M2 growth rates showed different trends [1]. 3.2 Commodity Investment Reference 3.2.1 Comprehensive - Guangzhou Futures Exchange restricted the daily opening volume of lithium carbonate futures contracts [2]. - Dalian Commodity Exchange adjusted the premium and discount of designated delivery warehouses for coking coal futures [2]. - Shanghai International Energy Trading Center planned to revise the standard contract of the Container Shipping Index (European Line) futures [3]. - The Ministry of Commerce launched a final review investigation on anti - dumping measures for imported ethylene - propylene - diene monomer rubber from the US, South Korea, and the EU [3]. 3.2.2 Metals - Platinum prices soared in 2025, with a year - to - date increase of over 110%, far exceeding that of gold [6]. - Gold and silver prices rose under the new round of interest - rate cuts, with silver prices increasing by over 130% this year [6]. - There was an obvious surplus of refined copper in the first ten months of 2025 [6]. 3.2.3 Coal, Coke, Steel, and Minerals - Dalian Commodity Exchange adjusted the premium and discount of designated delivery warehouses for coking coal futures [2][9]. - China's steel consumption in 2025 was expected to be 8.08 billion tons, a year - on - year decrease of 5.4%, and the global steel consumption was expected to be 17.19 billion tons, a year - on - year decrease of 1.8% [9]. - Indonesia proposed to significantly reduce nickel ore production in 2026 [11]. 3.2.4 Energy and Chemicals - Bohai Oilfield's cumulative production of oil and gas equivalent in 2025 exceeded 40 million tons, reaching a record high [12]. - China's energy key projects in 2025 were expected to complete an investment of 3.54 trillion yuan, a year - on - year increase of 11% [12]. - The price of polysilicon increased, but there was a situation of "high price but no market" [13]. 3.2.5 Agricultural Products - Manzhouli Port achieved a "zero breakthrough" in importing Russian agricultural products [15]. - The Philippines extended the import ban on sugar until December 2026 [15]. 3.3 Financial News Compilation 3.3.1 Open Market - This week, 4575 billion yuan of reverse repurchases in the central bank's open market were due, along with 1200 billion yuan of treasury cash fixed - term deposits and 3000 billion yuan of MLF [16]. - On December 19, the central bank conducted 562 billion yuan of 7 - day reverse repurchases and 1000 billion yuan of 14 - day reverse repurchases, with a net investment of 357 billion yuan on that day [16][17]. 3.3.2 Important News and Information - The market generally expected that the LPR in December would remain stable [18]. - The State Council Executive Meeting arranged the implementation of the decisions and deployments of the Central Economic Work Conference [18]. - The General Administration of Market Regulation revised the "Regulations on Prohibiting Monopoly Agreements" [18]. 3.3.3 Bond Market Summary - The yields of interest - rate bonds in the Chinese bond market declined, and the 30 - year active bond "25 Super Long Special Treasury Bond 06" performed prominently [26]. - Most of Vanke's bonds rose in the exchange bond market [26]. 3.3.4 Foreign Exchange Market Express - The on - shore RMB against the US dollar closed at 7.041 on December 22, up 9 basis points from the previous trading day [30]. - The US dollar index rose 0.28% in late New York trading, and most non - US currencies fell [30]. 3.3.5 Research Report Highlights - CITIC Securities believed that the factors driving the RMB appreciation were increasing, and investors should adapt to asset allocation in a RMB - appreciating environment [32]. - CITIC Securities thought that Japan's benign inflation cycle was stable, and the Bank of Japan was about to raise interest rates again [32]. - CITIC Construction Investment considered that the concentrated release of pessimistic sentiment at the end of the year brought potential space for financial bonds [32]. 3.4 Stock Market Important News - A - share market was in a high - level oscillation state near the end of the year, and the Shanghai Composite Index turned positive last week [36]. - As of December 19, the net inflow of subscription and redemption funds of CSI A500 exceeded that of CSI 300 in December, with the net inflow scale exceeding 46 billion yuan [36]. - By December 18, more than 454 listed companies had received institutional research in December, and the hard - tech track became the main focus [37].

"劣质碳水是慢性炎症推手"的话题近日登上热搜，引发广泛关注。碳水化合物本是人体不可或缺的 营养素，却因"优劣"之分对健康产生截然不同的影响。长期摄入劣质碳水，不仅扰乱代谢、诱发慢性炎 症，还可能拉低颜值、增加患病风险。 那么，如何科学吃碳水？科技日报记者12月16日专访了国家注册营养师王亚卓，试图揭开碳水背后 的健康密码。 "'劣质碳水'并非专业术语，而是对加工精细、膳食纤维匮乏、升糖指数高、营养素流失严重的碳 水食物的俗称，含糖饮料、甜点、精制米面制品等均在此列。"王亚卓指出，这类食物成为慢性炎症"导 火索"，主要通过三大机制起作用。 一是扰乱血糖代谢，催生炎症因子。含糖饮料会让血糖在10分钟内飙升，剧烈波动刺激胰腺大量分 泌胰岛素，长期反复刺激会导致细胞胰岛素抵抗。身体为稳住血糖只能分泌更多胰岛素，过量胰岛素会 促使免疫细胞释放炎症因子，形成"高糖摄入—胰岛素抵抗—炎症暴发"的恶性循环。 二是破坏肠道菌群平衡，诱发"肠漏"。膳食纤维是肠道有益菌群的"口粮"，但劣质碳水在加工中几 乎剔除了所有纤维。长期食用会让有益菌锐减、有害菌疯长，打破菌群平衡，削弱肠道黏膜屏障，使其 出现"小缝隙"。有害菌产生的毒素进入 ...

Core Viewpoint - New consumption categories, represented by health food, are identified as a core investment theme for the food and beverage sector in 2025, with expectations for continuity into 2026 and beyond. The focus will be on health food as a key investment direction due to its rich SKU variety and long-tail structure, similar to the snack sector investment logic [1] Industry Overview - The health food market, including natural and nutritional health foods, has a combined market size of approximately 600 billion yuan. Since 2025, there have been profound changes in external demand and distribution channels, driven by a shift in consumer demographics from the elderly to younger groups and an expansion of consumption scenarios from disease prevention to personalized needs such as emotional relief and weight management. Additionally, the rise of interest e-commerce, cross-border e-commerce, and membership supermarkets has addressed issues of consumer trust and category recognition [1] Category Insights - The investment logic for health food is similar to that of the snack sector, focusing on selecting listed companies that are well-positioned in key categories. The "function-scenario-price" triangle is crucial for identifying potential best-selling products. Recommended categories include: - Oats: Market size of 10 billion yuan, low GI characteristics, and versatile usage in breakfast and snacks [2] - Corn: Market size of approximately 200 billion yuan, low GI, and broad acceptance as both a staple and snack [2] - Walnuts: Market size of 80 billion yuan, beneficial for heart and brain health, with a competitive price among tree nuts [2] - Black sesame: Beneficial for hair nourishment, priced around 1 yuan per bag, with applications in traditional and baking scenarios [2] - Sports health: Market size of approximately 6 billion yuan, expected to grow with the increasing number of fitness enthusiasts [2] - Gut health: Online market size estimated at 4 billion yuan, with probiotics accounting for over 75% [2] Key Companies - Companies that are strategically positioned in potential categories are expected to achieve rapid growth: - Ximai Food: Leading in the domestic cereal industry with a revenue CAGR of approximately 18% over the past three years [3] - October Rice Field: A new consumption brand with a revenue CAGR of about 17% over the past three years [3] - Wugu Mofang: Leading in walnut and sesame powder, recovering from a low point with a revenue CAGR of around 9% [3] - Xianle Health: A leading CDMO in China with a revenue CAGR of approximately 21% over the past three years [3] - Junyao Health: A pioneer in probiotic foods with a revenue CAGR of about 17% over the past three years [3]

Investment Rating - The report maintains a "Recommended" rating for the food and beverage industry [1] Core Insights - The health food market is approximately 600 billion yuan, with significant growth potential driven by changing consumer demographics and preferences [3][5] - The report emphasizes the importance of new consumption trends, particularly in the health food sector, which is expected to continue its growth trajectory into 2026 and beyond [3] - Key product categories identified for growth include oats, corn, walnuts, and other health foods, which are expected to thrive due to their health benefits and consumer acceptance [3][5] Summary by Sections 1. Demand and Channel Transformation - The health food market is divided into natural health foods (over 300 billion yuan) and nutritional health foods (approximately 250 billion yuan) [5] - Consumer demand is shifting from older demographics to younger groups, with a focus on personalized health needs such as emotional relief and weight management [5][9] - New sales channels, including e-commerce and membership supermarkets, are enhancing consumer trust and product awareness [14][15] 2. Natural Health Foods - Key categories include oats, corn, nuts, and other health foods, which are expected to see significant growth due to their health benefits and consumer recognition [18][27] - Oats are projected to have a market size of 10.1 billion yuan in 2024, while corn is expected to reach 220.9 billion yuan [29][30] - Walnuts are anticipated to have a market size of 78.7 billion yuan in 2024, benefiting from increased consumer awareness of their health properties [36] 3. Nutritional Health Foods - The nutritional health food segment includes dietary supplements, weight management products, and sports nutrition [42] - The market for sports nutrition is projected to reach approximately 6.4 billion yuan in 2024, driven by the growing fitness trend [49] - Weight management products are expected to grow to around 16.9 billion yuan, supported by increasing consumer awareness of health and wellness [54] 4. Key Companies - Notable companies in the natural health food sector include West麦食品, 十月稻田, and 五谷磨坊, which are positioned for rapid growth due to their innovative products and market strategies [61] - In the nutritional health food sector, companies like 汤臣倍健 and 仙乐健康 are highlighted for their strong market presence and growth potential [61]