Covid-19 Impact on Global Flavonoids Industry Research Report 2020 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2026

  • Report Code : 368821
  • Pages : 134
  • Published On : Aug 2020
  • Industry : Chemicals and Materials
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The research team projects that the Flavonoids market size will grow from XXX in 2019 to XXX by 2026, at an estimated CAGR of XX. The base year considered for the study is 2019, and the market size is projected from 2020 to 2026.

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 30 major countries. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

By Market Players:
Zhejiang Conler Pharmaceutical
Chengdu Shuxi Pharmaceutical
Hunan Kang Biotech
Chengdu Okay
SANREN Bio-Technology
Sichuan Deebio Pharmaceutical
Chengdu Yazhong Bio-pharmaceutical
Shaanxi Huifeng Pharmaceutical
Sichuan Xieli Pharmaceutical
Hunan Yuantong Pharmaceutical
Hunan Kingti Bio-Tech
Shaanxi Huike
Chengdu Runde Pharmaceutical
Jiangxi Shun Tiancheng
ADM
Chongqing Zhuliu Bioengineering
Quzhou Tiansheng Plant Extract
Xi'an Desheng yuan
Frutarom Health
Chengdu Hawk Bio-Engineering
Guangdong Yilong Industry Group
Taiyo Green Power
Hunan Nutramax
Infré
Shanghai Novanat Bioresources
Hunan Sunfull Bio-tech
Chengdu Wagott Bio-Tech
DSM
Hangzhou Qinyuan Natural Plant High-tech
TEAREVO

By Type
Hesperidin
Daidzein
Catechin
Genistein
Others

By Application
Pharmaceutical
Food & Beverages
Dietary Supplements
Feed Additives
Others

By Regions/Countries:
North America
United States
Canada
Mexico

East Asia
China
Japan
South Korea

Europe
Germany
United Kingdom
France
Italy

South Asia
India

Southeast Asia
Indonesia
Thailand
Singapore

Middle East
Turkey
Saudi Arabia
Iran

Africa
Nigeria
South Africa

Oceania
Australia

South America


Points Covered in The Report
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.

The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Flavonoids 2015-2020, and development forecast 2021-2026 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2019.

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2020 & Sales by Product Types.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2021-2026. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
Market Analysis by Product Type: The report covers majority Product Types in the Flavonoids Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD).
Markat Analysis by Application Type: Based on the Flavonoids Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
Market Trends: Market key trends which include Increased Competition and Continious Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Flavonoids market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
1 Report Overview 1.1 Study Scope and Definition 1.2 Research Methodology 1.2.1 Methodology/Research Approach 1.2.2 Data Source 1.3 Key Market Segments 1.4 Players Covered: Ranking by Flavonoids Revenue 1.5 Market Analysis by Type 1.5.1 Global Flavonoids Market Size Growth Rate by Type: 2020 VS 2026 1.5.2 Hesperidin 1.5.3 Daidzein 1.5.4 Catechin 1.5.5 Genistein 1.5.6 Others 1.6 Market by Application 1.6.1 Global Flavonoids Market Share by Application: 2021-2026 1.6.2 Pharmaceutical 1.6.3 Food & Beverages 1.6.4 Dietary Supplements 1.6.5 Feed Additives 1.6.6 Others 1.7 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth 1.7.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections 1.7.2 Covid-19 Impact: Commodity Prices Indices 1.7.3 Covid-19 Impact: Global Major Government Policy 1.8 Study Objectives 1.9 Years Considered 2 Global Flavonoids Market Trends and Growth Strategy 2.1 Market Top Trends 2.2 Market Drivers 2.3 Market Challenges 2.4 Porter's Five Forces Analysis 2.5 Market Growth Strategy 2.6 SWOT Analysis 3 Global Flavonoids Market Players Profiles 3.1 Zhejiang Conler Pharmaceutical 3.1.1 Zhejiang Conler Pharmaceutical Company Profile 3.1.2 Zhejiang Conler Pharmaceutical Flavonoids Product Specification 3.1.3 Zhejiang Conler Pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.2 Chengdu Shuxi Pharmaceutical 3.2.1 Chengdu Shuxi Pharmaceutical Company Profile 3.2.2 Chengdu Shuxi Pharmaceutical Flavonoids Product Specification 3.2.3 Chengdu Shuxi Pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.3 Hunan Kang Biotech 3.3.1 Hunan Kang Biotech Company Profile 3.3.2 Hunan Kang Biotech Flavonoids Product Specification 3.3.3 Hunan Kang Biotech Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.4 Chengdu Okay 3.4.1 Chengdu Okay Company Profile 3.4.2 Chengdu Okay Flavonoids Product Specification 3.4.3 Chengdu Okay Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.5 SANREN Bio-Technology 3.5.1 SANREN Bio-Technology Company Profile 3.5.2 SANREN Bio-Technology Flavonoids Product Specification 3.5.3 SANREN Bio-Technology Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.6 Sichuan Deebio Pharmaceutical 3.6.1 Sichuan Deebio Pharmaceutical Company Profile 3.6.2 Sichuan Deebio Pharmaceutical Flavonoids Product Specification 3.6.3 Sichuan Deebio Pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.7 Chengdu Yazhong Bio-pharmaceutical 3.7.1 Chengdu Yazhong Bio-pharmaceutical Company Profile 3.7.2 Chengdu Yazhong Bio-pharmaceutical Flavonoids Product Specification 3.7.3 Chengdu Yazhong Bio-pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.8 Shaanxi Huifeng Pharmaceutical 3.8.1 Shaanxi Huifeng Pharmaceutical Company Profile 3.8.2 Shaanxi Huifeng Pharmaceutical Flavonoids Product Specification 3.8.3 Shaanxi Huifeng Pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.9 Sichuan Xieli Pharmaceutical 3.9.1 Sichuan Xieli Pharmaceutical Company Profile 3.9.2 Sichuan Xieli Pharmaceutical Flavonoids Product Specification 3.9.3 Sichuan Xieli Pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.10 Hunan Yuantong Pharmaceutical 3.10.1 Hunan Yuantong Pharmaceutical Company Profile 3.10.2 Hunan Yuantong Pharmaceutical Flavonoids Product Specification 3.10.3 Hunan Yuantong Pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.11 Hunan Kingti Bio-Tech 3.11.1 Hunan Kingti Bio-Tech Company Profile 3.11.2 Hunan Kingti Bio-Tech Flavonoids Product Specification 3.11.3 Hunan Kingti Bio-Tech Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.12 Shaanxi Huike 3.12.1 Shaanxi Huike Company Profile 3.12.2 Shaanxi Huike Flavonoids Product Specification 3.12.3 Shaanxi Huike Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.13 Chengdu Runde Pharmaceutical 3.13.1 Chengdu Runde Pharmaceutical Company Profile 3.13.2 Chengdu Runde Pharmaceutical Flavonoids Product Specification 3.13.3 Chengdu Runde Pharmaceutical Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.14 Jiangxi Shun Tiancheng 3.14.1 Jiangxi Shun Tiancheng Company Profile 3.14.2 Jiangxi Shun Tiancheng Flavonoids Product Specification 3.14.3 Jiangxi Shun Tiancheng Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.15 ADM 3.15.1 ADM Company Profile 3.15.2 ADM Flavonoids Product Specification 3.15.3 ADM Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.16 Chongqing Zhuliu Bioengineering 3.16.1 Chongqing Zhuliu Bioengineering Company Profile 3.16.2 Chongqing Zhuliu Bioengineering Flavonoids Product Specification 3.16.3 Chongqing Zhuliu Bioengineering Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.17 Quzhou Tiansheng Plant Extract 3.17.1 Quzhou Tiansheng Plant Extract Company Profile 3.17.2 Quzhou Tiansheng Plant Extract Flavonoids Product Specification 3.17.3 Quzhou Tiansheng Plant Extract Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.18 Xi'an Desheng yuan 3.18.1 Xi'an Desheng yuan Company Profile 3.18.2 Xi'an Desheng yuan Flavonoids Product Specification 3.18.3 Xi'an Desheng yuan Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.19 Frutarom Health 3.19.1 Frutarom Health Company Profile 3.19.2 Frutarom Health Flavonoids Product Specification 3.19.3 Frutarom Health Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.20 Chengdu Hawk Bio-Engineering 3.20.1 Chengdu Hawk Bio-Engineering Company Profile 3.20.2 Chengdu Hawk Bio-Engineering Flavonoids Product Specification 3.20.3 Chengdu Hawk Bio-Engineering Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.21 Guangdong Yilong Industry Group 3.21.1 Guangdong Yilong Industry Group Company Profile 3.21.2 Guangdong Yilong Industry Group Flavonoids Product Specification 3.21.3 Guangdong Yilong Industry Group Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.22 Taiyo Green Power 3.22.1 Taiyo Green Power Company Profile 3.22.2 Taiyo Green Power Flavonoids Product Specification 3.22.3 Taiyo Green Power Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.23 Hunan Nutramax 3.23.1 Hunan Nutramax Company Profile 3.23.2 Hunan Nutramax Flavonoids Product Specification 3.23.3 Hunan Nutramax Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.24 Infré 3.24.1 Infré Company Profile 3.24.2 Infré Flavonoids Product Specification 3.24.3 Infré Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.25 Shanghai Novanat Bioresources 3.25.1 Shanghai Novanat Bioresources Company Profile 3.25.2 Shanghai Novanat Bioresources Flavonoids Product Specification 3.25.3 Shanghai Novanat Bioresources Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.26 Hunan Sunfull Bio-tech 3.26.1 Hunan Sunfull Bio-tech Company Profile 3.26.2 Hunan Sunfull Bio-tech Flavonoids Product Specification 3.26.3 Hunan Sunfull Bio-tech Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.27 Chengdu Wagott Bio-Tech 3.27.1 Chengdu Wagott Bio-Tech Company Profile 3.27.2 Chengdu Wagott Bio-Tech Flavonoids Product Specification 3.27.3 Chengdu Wagott Bio-Tech Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.28 DSM 3.28.1 DSM Company Profile 3.28.2 DSM Flavonoids Product Specification 3.28.3 DSM Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.29 Hangzhou Qinyuan Natural Plant High-tech 3.29.1 Hangzhou Qinyuan Natural Plant High-tech Company Profile 3.29.2 Hangzhou Qinyuan Natural Plant High-tech Flavonoids Product Specification 3.29.3 Hangzhou Qinyuan Natural Plant High-tech Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 3.30 TEAREVO 3.30.1 TEAREVO Company Profile 3.30.2 TEAREVO Flavonoids Product Specification 3.30.3 TEAREVO Flavonoids Production Capacity, Revenue, Price and Gross Margin (2015-2020) 4 Global Flavonoids Market Competition by Market Players 4.1 Global Flavonoids Production Capacity Market Share by Market Players (2015-2020) 4.2 Global Flavonoids Revenue Market Share by Market Players (2015-2020) 4.3 Global Flavonoids Average Price by Market Players (2015-2020) 5 Global Flavonoids Production by Regions (2015-2020) 5.1 North America 5.1.1 North America Flavonoids Market Size (2015-2020) 5.1.2 Flavonoids Key Players in North America (2015-2020) 5.1.3 North America Flavonoids Market Size by Type (2015-2020) 5.1.4 North America Flavonoids Market Size by Application (2015-2020) 5.2 East Asia 5.2.1 East Asia Flavonoids Market Size (2015-2020) 5.2.2 Flavonoids Key Players in East Asia (2015-2020) 5.2.3 East Asia Flavonoids Market Size by Type (2015-2020) 5.2.4 East Asia Flavonoids Market Size by Application (2015-2020) 5.3 Europe 5.3.1 Europe Flavonoids Market Size (2015-2020) 5.3.2 Flavonoids Key Players in Europe (2015-2020) 5.3.3 Europe Flavonoids Market Size by Type (2015-2020) 5.3.4 Europe Flavonoids Market Size by Application (2015-2020) 5.4 South Asia 5.4.1 South Asia Flavonoids Market Size (2015-2020) 5.4.2 Flavonoids Key Players in South Asia (2015-2020) 5.4.3 South Asia Flavonoids Market Size by Type (2015-2020) 5.4.4 South Asia Flavonoids Market Size by Application (2015-2020) 5.5 Southeast Asia 5.5.1 Southeast Asia Flavonoids Market Size (2015-2020) 5.5.2 Flavonoids Key Players in Southeast Asia (2015-2020) 5.5.3 Southeast Asia Flavonoids Market Size by Type (2015-2020) 5.5.4 Southeast Asia Flavonoids Market Size by Application (2015-2020) 5.6 Middle East 5.6.1 Middle East Flavonoids Market Size (2015-2020) 5.6.2 Flavonoids Key Players in Middle East (2015-2020) 5.6.3 Middle East Flavonoids Market Size by Type (2015-2020) 5.6.4 Middle East Flavonoids Market Size by Application (2015-2020) 5.7 Africa 5.7.1 Africa Flavonoids Market Size (2015-2020) 5.7.2 Flavonoids Key Players in Africa (2015-2020) 5.7.3 Africa Flavonoids Market Size by Type (2015-2020) 5.7.4 Africa Flavonoids Market Size by Application (2015-2020) 5.8 Oceania 5.8.1 Oceania Flavonoids Market Size (2015-2020) 5.8.2 Flavonoids Key Players in Oceania (2015-2020) 5.8.3 Oceania Flavonoids Market Size by Type (2015-2020) 5.8.4 Oceania Flavonoids Market Size by Application (2015-2020) 5.9 South America 5.9.1 South America Flavonoids Market Size (2015-2020) 5.9.2 Flavonoids Key Players in South America (2015-2020) 5.9.3 South America Flavonoids Market Size by Type (2015-2020) 5.9.4 South America Flavonoids Market Size by Application (2015-2020) 5.10 Rest of the World 5.10.1 Rest of the World Flavonoids Market Size (2015-2020) 5.10.2 Flavonoids Key Players in Rest of the World (2015-2020) 5.10.3 Rest of the World Flavonoids Market Size by Type (2015-2020) 5.10.4 Rest of the World Flavonoids Market Size by Application (2015-2020) 6 Global Flavonoids Consumption by Region (2015-2020) 6.1 North America 6.1.1 North America Flavonoids Consumption by Countries 6.1.2 United States 6.1.3 Canada 6.1.4 Mexico 6.2 East Asia 6.2.1 East Asia Flavonoids Consumption by Countries 6.2.2 China 6.2.3 Japan 6.2.4 South Korea 6.3 Europe 6.3.1 Europe Flavonoids Consumption by Countries 6.3.2 Germany 6.3.3 United Kingdom 6.3.4 France 6.3.5 Italy 6.3.6 Russia 6.3.7 Spain 6.3.8 Netherlands 6.3.9 Switzerland 6.3.10 Poland 6.4 South Asia 6.4.1 South Asia Flavonoids Consumption by Countries 6.4.2 India 6.5 Southeast Asia 6.5.1 Southeast Asia Flavonoids Consumption by Countries 6.5.2 Indonesia 6.5.3 Thailand 6.5.4 Singapore 6.5.5 Malaysia 6.5.6 Philippines 6.6 Middle East 6.6.1 Middle East Flavonoids Consumption by Countries 6.6.2 Turkey 6.6.3 Saudi Arabia 6.6.4 Iran 6.6.5 United Arab Emirates 6.7 Africa 6.7.1 Africa Flavonoids Consumption by Countries 6.7.2 Nigeria 6.7.3 South Africa 6.8 Oceania 6.8.1 Oceania Flavonoids Consumption by Countries 6.8.2 Australia 6.9 South America 6.9.1 South America Flavonoids Consumption by Countries 6.9.2 Brazil 6.9.3 Argentina 6.10 Rest of the World 6.10.1 Rest of the World Flavonoids Consumption by Countries 7 Global Flavonoids Production Forecast by Regions (2021-2026) 7.1 Global Forecasted Production of Flavonoids (2021-2026) 7.2 Global Forecasted Revenue of Flavonoids (2021-2026) 7.3 Global Forecasted Price of Flavonoids (2021-2026) 7.4 Global Forecasted Production of Flavonoids by Region (2021-2026) 7.4.1 North America Flavonoids Production, Revenue Forecast (2021-2026) 7.4.2 East Asia Flavonoids Production, Revenue Forecast (2021-2026) 7.4.3 Europe Flavonoids Production, Revenue Forecast (2021-2026) 7.4.4 South Asia Flavonoids Production, Revenue Forecast (2021-2026) 7.4.5 Southeast Asia Flavonoids Production, Revenue Forecast (2021-2026) 7.4.6 Middle East Flavonoids Production, Revenue Forecast (2021-2026) 7.4.7 Africa Flavonoids Production, Revenue Forecast (2021-2026) 7.4.8 Oceania Flavonoids Production, Revenue Forecast (2021-2026) 7.4.9 South America Flavonoids Production, Revenue Forecast (2021-2026) 7.4.10 Rest of the World Flavonoids Production, Revenue Forecast (2021-2026) 7.5 Forecast by Type and by Application (2021-2026) 7.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2021-2026) 7.5.2 Global Forecasted Consumption of Flavonoids by Application (2021-2026) 8 Global Flavonoids Consumption Forecast by Regions (2021-2026) 8.1 North America Forecasted Consumption of Flavonoids by Country 8.2 East Asia Market Forecasted Consumption of Flavonoids by Country 8.3 Europe Market Forecasted Consumption of Flavonoids by Countriy 8.4 South Asia Forecasted Consumption of Flavonoids by Country 8.5 Southeast Asia Forecasted Consumption of Flavonoids by Country 8.6 Middle East Forecasted Consumption of Flavonoids by Country 8.7 Africa Forecasted Consumption of Flavonoids by Country 8.8 Oceania Forecasted Consumption of Flavonoids by Country 8.9 South America Forecasted Consumption of Flavonoids by Country 8.10 Rest of the world Forecasted Consumption of Flavonoids by Country 9 Global Flavonoids Sales by Type (2015-2026) 9.1 Global Flavonoids Historic Market Size by Type (2015-2020) 9.2 Global Flavonoids Forecasted Market Size by Type (2021-2026) 10 Global Flavonoids Consumption by Application (2015-2026) 10.1 Global Flavonoids Historic Market Size by Application (2015-2020) 10.2 Global Flavonoids Forecasted Market Size by Application (2021-2026) 11 Global Flavonoids Manufacturing Cost Analysis 11.1 Flavonoids Key Raw Materials Analysis 11.1.1 Key Raw Materials 11.2 Proportion of Manufacturing Cost Structure 11.3 Manufacturing Process Analysis of Flavonoids 12 Global Flavonoids Marketing Channel, Distributors, Customers and Supply Chain 12.1 Marketing Channel 12.2 Flavonoids Distributors List 12.3 Flavonoids Customers 12.4 Flavonoids Supply Chain Analysis 13 Analyst's Viewpoints/Conclusions 14 Disclaimer

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