APO RESEARCH · REPORT
Puffed and Extruded Snack
Puffed and extruded snacks obtain a defined expanded structure through a controlled cooking and forming process; feed composition, moisture and process conditions determine texture.

Product & engineering
Understand the product.
The supplied food or ingredient must be defined by composition, processing and storage form. Product labels such as natural, reduced sugar or high protein do not by themselves establish a uniform formulation, nutritional result or market boundary.
What turns activity into demand
Accepted recipes and sold servings create ingredient or finished-food purchases through inclusion, yield and storage loss. Ingredient mass, finished-product sales and food-service revenue are different measurement bases.
The commercial boundary
For Puffed and Extruded Snack, distinguish the supplied product from its inputs and the complete application. Report types and applications may overlap; retain the selected edition's product definition, geography, period, unit and transaction basis when comparing estimates.
What defines the supplied puffed and extruded snack offering?
Puffed and extruded snacks obtain a defined expanded structure through a controlled cooking and forming process; feed composition, moisture and process conditions determine texture. Compare moisture or solids, ingredient content, packaging and shelf-life conditions on the same basis. Separate ingredient deliveries from finished-food sales and retain the relevant manufacturing yield; retail value cannot substitute for ingredient volume.
Selected research
Market Analysis & Forecast
Global Puffed and Extruded Snack Market Analysis and Forecast 2026-2032
Market perspective
The global Puffed and Extruded Snack market is projected to grow from US$ million in 2026 to US$ million by 2032, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Puffed and Extruded Snack is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Europe market for Puffed and Extruded Snack is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
Read the full market overview
Asia-Pacific market for Puffed and Extruded Snack is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The China market for Puffed and Extruded Snack is estimated to increase from $ million in 2026 to reach $ million by 2032, at a CAGR of % during the forecast period of 2026 through 2032.
The major global manufacturers of Puffed and Extruded Snack include Frito Lay Inc., PepsiCo, Inc., ITC,, Kellogg’s, Calbee, Old Dutch Foods, Modalez International Inc, Robina Corporation and JFC International, etc. In 2025, the world's top three vendors accounted for approximately % of the revenue.
This report presents an overview of global market for Puffed and Extruded Snack, sales, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Puffed and Extruded Snack, also provides the sales of main regions and countries. Of the upcoming market potential for Puffed and Extruded Snack, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Puffed and Extruded Snack sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Puffed and Extruded Snack market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Puffed and Extruded Snack sales, projected growth trends, production technology, application and end-user industry.
Puffed and Extruded Snack Segment by Company
Frito Lay Inc.
PepsiCo, Inc.
ITC,
Kellogg’s
Calbee
Old Dutch Foods
Modalez International Inc
Robina Corporation
JFC International
Puffed and Extruded Snack Segment by Type
Filled Pillow Puffs Snack
Crispy Chips Snack
Sticks Snack
Other
Puffed and Extruded Snack Segment by Application
Hypermarkets and Supermarkets
Independent Retailers
Convenience Stores
E-commerce Platforms
Puffed and Extruded Snack Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, sales, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Puffed and Extruded Snack market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Puffed and Extruded Snack and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in sales and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Puffed and Extruded Snack.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Sales (consumption), revenue of Puffed and Extruded Snack in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Puffed and Extruded Snack manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Puffed and Extruded Snack sales, revenue, price, gross margin, and recent development, etc.
Chapter 8: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 9: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 10: China type, by application, sales, and revenue for each segment.
Chapter 11: Asia (excluding China) type, by application and by region, sales, and revenue for each segment.
Chapter 12: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: The main concluding insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Filled Pillow Puffs Snack
- Crispy Chips Snack
- Sticks Snack
- Other
Applications
- Hypermarkets and Supermarkets
- Independent Retailers
- Convenience Stores
- E-commerce Platforms
Companies covered
- Frito Lay Inc.
- PepsiCo, Inc.
- ITC,
- Kellogg’s
- Calbee
- Old Dutch Foods
- Modalez International Inc
- Robina Corporation
- JFC International
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Puffed and Extruded Snack Market by Type
- 1.2.1 Global Puffed and Extruded Snack Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Filled Pillow Puffs Snack
- 1.2.3 Crispy Chips Snack
- 1.2.4 Sticks Snack
- 1.2.5 Other
- 1.3 Puffed and Extruded Snack Market by Application
- 1.3.1 Global Puffed and Extruded Snack Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Hypermarkets and Supermarkets
- 1.3.3 Independent Retailers
- 1.3.4 Convenience Stores
- 1.3.5 E-commerce Platforms
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Puffed and Extruded Snack Market Dynamics
- 2.1 Puffed and Extruded Snack Industry Trends
- 2.2 Puffed and Extruded Snack Industry Drivers
- 2.3 Puffed and Extruded Snack Industry Opportunities and Challenges
- 2.4 Puffed and Extruded Snack Industry Restraints
3 Global Market Growth Prospects
- 3.1 Global Puffed and Extruded Snack Revenue Estimates and Forecasts (2021-2032)
- 3.2 Global Puffed and Extruded Snack Revenue by Region
- 3.2.1 Global Puffed and Extruded Snack Revenue by Region: 2021 VS 2025 VS 2032
- 3.2.2 Global Puffed and Extruded Snack Revenue by Region (2021-2026)
- 3.2.3 Global Puffed and Extruded Snack Revenue by Region (2027-2032)
- 3.2.4 Global Puffed and Extruded Snack Revenue Market Share by Region (2021-2032)
- 3.3 Global Puffed and Extruded Snack Sales Estimates and Forecasts 2021-2032
- 3.4 Global Puffed and Extruded Snack Sales by Region
- 3.4.1 Global Puffed and Extruded Snack Sales by Region: 2021 VS 2025 VS 2032
- 3.4.2 Global Puffed and Extruded Snack Sales by Region (2021-2026)
- 3.4.3 Global Puffed and Extruded Snack Sales by Region (2027-2032)
- 3.4.4 Global Puffed and Extruded Snack Sales Market Share by Region (2021-2032)
- 3.5 US & Canada & Mexico
- 3.6 Europe
- 3.7 China
- 3.8 Asia (Excluding China)
- 3.9 South America, Middle East and Africa
4 Market Competitive Landscape by Manufacturers
- 4.1 Global Puffed and Extruded Snack Revenue by Manufacturers
- 4.1.1 Global Puffed and Extruded Snack Revenue by Manufacturers (2021-2026)
- 4.1.2 Global Puffed and Extruded Snack Revenue Market Share by Manufacturers (2021-2026)
- 4.1.3 Global Puffed and Extruded Snack Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 4.2 Global Puffed and Extruded Snack Sales by Manufacturers
- 4.2.1 Global Puffed and Extruded Snack Sales by Manufacturers (2021-2026)
- 4.2.2 Global Puffed and Extruded Snack Sales Market Share by Manufacturers (2021-2026)
- 4.2.3 Global Puffed and Extruded Snack Manufacturers Sales Share Top 10 and Top 5 in 2025
- 4.3 Global Puffed and Extruded Snack Sales Price by Manufacturers (2021-2026)
- 4.4 Global Puffed and Extruded Snack Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 4.5 Global Puffed and Extruded Snack Key Manufacturers Manufacturing Sites & Headquarters
- 4.6 Global Puffed and Extruded Snack Manufacturers, Product Type & Application
- 4.7 Global Puffed and Extruded Snack Manufacturers' Establishment Date
- 4.8 Market Competitive Analysis
- 4.8.1 Global Puffed and Extruded Snack Market CR5 and HHI
- 4.8.2 2025 Puffed and Extruded Snack Tier 1, Tier 2, and Tier 3
5 Puffed and Extruded Snack Market by Type
- 5.1 Global Puffed and Extruded Snack Revenue by Type
- 5.1.1 Global Puffed and Extruded Snack Revenue by Type (2021 VS 2025 VS 2032)
- 5.1.2 Global Puffed and Extruded Snack Revenue by Type (2021-2032) & (US$ Million)
- 5.1.3 Global Puffed and Extruded Snack Revenue Market Share by Type (2021-2032)
- 5.2 Global Puffed and Extruded Snack Sales by Type
- 5.2.1 Global Puffed and Extruded Snack Sales by Type (2021 VS 2025 VS 2032)
- 5.2.2 Global Puffed and Extruded Snack Sales by Type (2021-2032) & (k units)
- 5.2.3 Global Puffed and Extruded Snack Sales Market Share by Type (2021-2032)
- 5.3 Global Puffed and Extruded Snack Price by Type
6 Puffed and Extruded Snack Market by Application
- 6.1 Global Puffed and Extruded Snack Revenue by Application
- 6.1.1 Global Puffed and Extruded Snack Revenue by Application (2021 VS 2025 VS 2032)
- 6.1.2 Global Puffed and Extruded Snack Revenue by Application (2021-2032) & (US$ Million)
- 6.1.3 Global Puffed and Extruded Snack Revenue Market Share by Application (2021-2032)
- 6.2 Global Puffed and Extruded Snack Sales by Application
- 6.2.1 Global Puffed and Extruded Snack Sales by Application (2021 VS 2025 VS 2032)
- 6.2.2 Global Puffed and Extruded Snack Sales by Application (2021-2032) & (k units)
- 6.2.3 Global Puffed and Extruded Snack Sales Market Share by Application (2021-2032)
- 6.3 Global Puffed and Extruded Snack Price by Application
7 Company Profiles
- 7.1 Frito Lay Inc.
- 7.1.1 Frito Lay Inc. Company Information
- 7.1.2 Frito Lay Inc. Business Overview
- 7.1.3 Frito Lay Inc. Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.1.4 Frito Lay Inc. Puffed and Extruded Snack Product Portfolio
- 7.1.5 Frito Lay Inc. Recent Developments
- 7.2 PepsiCo, Inc.
- 7.2.1 PepsiCo, Inc. Company Information
- 7.2.2 PepsiCo, Inc. Business Overview
- 7.2.3 PepsiCo, Inc. Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.2.4 PepsiCo, Inc. Puffed and Extruded Snack Product Portfolio
- 7.2.5 PepsiCo, Inc. Recent Developments
- 7.3 ITC,
- 7.3.1 ITC, Company Information
- 7.3.2 ITC, Business Overview
- 7.3.3 ITC, Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.3.4 ITC, Puffed and Extruded Snack Product Portfolio
- 7.3.5 ITC, Recent Developments
- 7.4 Kellogg’s
- 7.4.1 Kellogg’s Company Information
- 7.4.2 Kellogg’s Business Overview
- 7.4.3 Kellogg’s Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.4.4 Kellogg’s Puffed and Extruded Snack Product Portfolio
- 7.4.5 Kellogg’s Recent Developments
- 7.5 Calbee
- 7.5.1 Calbee Company Information
- 7.5.2 Calbee Business Overview
- 7.5.3 Calbee Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.5.4 Calbee Puffed and Extruded Snack Product Portfolio
- 7.5.5 Calbee Recent Developments
- 7.6 Old Dutch Foods
- 7.6.1 Old Dutch Foods Company Information
- 7.6.2 Old Dutch Foods Business Overview
- 7.6.3 Old Dutch Foods Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.6.4 Old Dutch Foods Puffed and Extruded Snack Product Portfolio
- 7.6.5 Old Dutch Foods Recent Developments
- 7.7 Modalez International Inc
- 7.7.1 Modalez International Inc Company Information
- 7.7.2 Modalez International Inc Business Overview
- 7.7.3 Modalez International Inc Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.7.4 Modalez International Inc Puffed and Extruded Snack Product Portfolio
- 7.7.5 Modalez International Inc Recent Developments
- 7.8 Robina Corporation
- 7.8.1 Robina Corporation Company Information
- 7.8.2 Robina Corporation Business Overview
- 7.8.3 Robina Corporation Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.8.4 Robina Corporation Puffed and Extruded Snack Product Portfolio
- 7.8.5 Robina Corporation Recent Developments
- 7.9 JFC International
- 7.9.1 JFC International Company Information
- 7.9.2 JFC International Business Overview
- 7.9.3 JFC International Puffed and Extruded Snack Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.9.4 JFC International Puffed and Extruded Snack Product Portfolio
- 7.9.5 JFC International Recent Developments
8 North America
- 8.1 North America Puffed and Extruded Snack Market Size by Type
- 8.1.1 North America Puffed and Extruded Snack Revenue by Type (2021-2032)
- 8.1.2 North America Puffed and Extruded Snack Sales by Type (2021-2032)
- 8.1.3 North America Puffed and Extruded Snack Price by Type (2021-2032)
- 8.2 North America Puffed and Extruded Snack Market Size by Application
- 8.2.1 North America Puffed and Extruded Snack Revenue by Application (2021-2032)
- 8.2.2 North America Puffed and Extruded Snack Sales by Application (2021-2032)
- 8.2.3 North America Puffed and Extruded Snack Price by Application (2021-2032)
- 8.3 North America Puffed and Extruded Snack Market Size by Country
- 8.3.1 North America Puffed and Extruded Snack Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 8.3.2 North America Puffed and Extruded Snack Sales by Country (2021 VS 2025 VS 2032)
- 8.3.3 North America Puffed and Extruded Snack Price by Country (2021-2032)
- 8.3.4 United States
- 8.3.5 Canada
- 8.3.6 Mexico
9 Europe
- 9.1 Europe Puffed and Extruded Snack Market Size by Type
- 9.1.1 Europe Puffed and Extruded Snack Revenue by Type (2021-2032)
- 9.1.2 Europe Puffed and Extruded Snack Sales by Type (2021-2032)
- 9.1.3 Europe Puffed and Extruded Snack Price by Type (2021-2032)
- 9.2 Europe Puffed and Extruded Snack Market Size by Application
- 9.2.1 Europe Puffed and Extruded Snack Revenue by Application (2021-2032)
- 9.2.2 Europe Puffed and Extruded Snack Sales by Application (2021-2032)
- 9.2.3 Europe Puffed and Extruded Snack Price by Application (2021-2032)
- 9.3 Europe Puffed and Extruded Snack Market Size by Country
- 9.3.1 Europe Puffed and Extruded Snack Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 Europe Puffed and Extruded Snack Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 Europe Puffed and Extruded Snack Price by Country (2021-2032)
- 9.3.4 Germany
- 9.3.5 France
- 9.3.6 U.K.
- 9.3.7 Italy
- 9.3.8 Russia
- 9.3.9 Spain
- 9.3.10 Netherlands
10 China
- 10.1 China Puffed and Extruded Snack Market Size by Type
- 10.1.1 China Puffed and Extruded Snack Revenue by Type (2021-2032)
- 10.1.2 China Puffed and Extruded Snack Sales by Type (2021-2032)
- 10.1.3 China Puffed and Extruded Snack Price by Type (2021-2032)
- 10.2 China Puffed and Extruded Snack Market Size by Application
- 10.2.1 China Puffed and Extruded Snack Revenue by Application (2021-2032)
- 10.2.2 China Puffed and Extruded Snack Sales by Application (2021-2032)
- 10.2.3 China Puffed and Extruded Snack Price by Application (2021-2032)
11 Asia (Excluding China)
- 11.1 Asia Puffed and Extruded Snack Market Size by Type
- 11.1.1 Asia Puffed and Extruded Snack Revenue by Type (2021-2032)
- 11.1.2 Asia Puffed and Extruded Snack Sales by Type (2021-2032)
- 11.1.3 Asia Puffed and Extruded Snack Price by Type (2021-2032)
- 11.2 Asia Puffed and Extruded Snack Market Size by Application
- 11.2.1 Asia Puffed and Extruded Snack Revenue by Application (2021-2032)
- 11.2.2 Asia Puffed and Extruded Snack Sales by Application (2021-2032)
- 11.2.3 Asia Puffed and Extruded Snack Price by Application (2021-2032)
- 11.3 Asia Puffed and Extruded Snack Market Size by Country
- 11.3.1 Asia Puffed and Extruded Snack Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 11.3.2 Asia Puffed and Extruded Snack Sales by Country (2021 VS 2025 VS 2032)
- 11.3.3 Asia Puffed and Extruded Snack Price by Country (2021-2032)
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 India
- 11.3.7 Australia
- 11.3.8 Taiwan
- 11.3.9 Southeast Asia
12 South America, Middle East and Africa
- 12.1 SAMEA Puffed and Extruded Snack Market Size by Type
- 12.1.1 SAMEA Puffed and Extruded Snack Revenue by Type (2021-2032)
- 12.1.2 SAMEA Puffed and Extruded Snack Sales by Type (2021-2032)
- 12.1.3 SAMEA Puffed and Extruded Snack Price by Type (2021-2032)
- 12.2 SAMEA Puffed and Extruded Snack Market Size by Application
- 12.2.1 SAMEA Puffed and Extruded Snack Revenue by Application (2021-2032)
- 12.2.2 SAMEA Puffed and Extruded Snack Sales by Application (2021-2032)
- 12.2.3 SAMEA Puffed and Extruded Snack Price by Application (2021-2032)
- 12.3 SAMEA Puffed and Extruded Snack Market Size by Country
- 12.3.1 SAMEA Puffed and Extruded Snack Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 SAMEA Puffed and Extruded Snack Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 SAMEA Puffed and Extruded Snack Price by Country (2021-2032)
- 12.3.4 Brazil
- 12.3.5 Argentina
- 12.3.6 Chile
- 12.3.7 Colombia
- 12.3.8 Peru
- 12.3.9 Saudi Arabia
- 12.3.10 Israel
- 12.3.11 UAE
- 12.3.12 Turkey
- 12.3.13 Iran
- 12.3.14 Egypt
13 Value Chain and Sales Channels Analysis
- 13.1 Puffed and Extruded Snack Value Chain Analysis
- 13.1.1 Puffed and Extruded Snack Key Raw Materials
- 13.1.2 Raw Materials Key Suppliers
- 13.1.3 Manufacturing Cost Structure
- 13.1.4 Puffed and Extruded Snack Production Mode & Process
- 13.2 Puffed and Extruded Snack Sales Channels Analysis
- 13.2.1 Direct Comparison with Distribution Share
- 13.2.2 Puffed and Extruded Snack Distributors
- 13.2.3 Puffed and Extruded Snack Customers
14 Concluding Insights
15 Appendix
- 15.1 Reasons for Doing This Study
- 15.2 Research Methodology
- 15.3 Research Process
- 15.4 Authors List of This Report
- 15.5 Data Source
- 15.5.1 Secondary Sources
- 15.5.2 Primary Sources
- 15.6 Disclaimer
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