Selected research
Market Analysis & Forecast
Global Chocolate Powdered Drinks Market Analysis and Forecast 2026-2032
Market perspective
The global Chocolate Powdered Drinks 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 Chocolate Powdered Drinks 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 Chocolate Powdered Drinks 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 Chocolate Powdered Drinks 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 Chocolate Powdered Drinks 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 Chocolate Powdered Drinks include Nestlé, Maxwell House, Mount Hagen, Douwe Egberts, Folgers, G7, UCC, OWL and LAVAZZA, etc. In 2025, the world's top three vendors accounted for approximately % of the revenue.
This report presents an overview of global market for Chocolate Powdered Drinks, 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 Chocolate Powdered Drinks, also provides the sales of main regions and countries. Of the upcoming market potential for Chocolate Powdered Drinks, 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 Chocolate Powdered Drinks sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Chocolate Powdered Drinks 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 Chocolate Powdered Drinks sales, projected growth trends, production technology, application and end-user industry.
Chocolate Powdered Drinks Segment by Company
Nestlé
Maxwell House
Mount Hagen
Douwe Egberts
Folgers
G7
UCC
OWL
LAVAZZA
Moccona
Kopiko
Grandos
GEROGIA
Chocolate Powdered Drinks Segment by Type
Freeze Dried
Spray Dried
Chicory Based
Chocolate Powdered Drinks Segment by Application
Household
Commerical
Chocolate Powdered Drinks 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 Chocolate Powdered Drinks 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 Chocolate Powdered Drinks 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 Chocolate Powdered Drinks.
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 Chocolate Powdered Drinks 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 Chocolate Powdered Drinks 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, Chocolate Powdered Drinks 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
- Freeze Dried
- Spray Dried
- Chicory Based
Applications
- Household
- Commerical
Companies covered
- Nestlé
- Maxwell House
- Mount Hagen
- Douwe Egberts
- Folgers
- G7
- UCC
- OWL
- LAVAZZA
- Moccona
- Kopiko
- Grandos
- GEROGIA
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Chocolate Powdered Drinks Market by Type
- 1.2.1 Global Chocolate Powdered Drinks Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Freeze Dried
- 1.2.3 Spray Dried
- 1.2.4 Chicory Based
- 1.3 Chocolate Powdered Drinks Market by Application
- 1.3.1 Global Chocolate Powdered Drinks Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Household
- 1.3.3 Commerical
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 Chocolate Powdered Drinks Market Dynamics
- 2.1 Chocolate Powdered Drinks Industry Trends
- 2.2 Chocolate Powdered Drinks Industry Drivers
- 2.3 Chocolate Powdered Drinks Industry Opportunities and Challenges
- 2.4 Chocolate Powdered Drinks Industry Restraints
3 Global Market Growth Prospects
- 3.1 Global Chocolate Powdered Drinks Revenue Estimates and Forecasts (2021-2032)
- 3.2 Global Chocolate Powdered Drinks Revenue by Region
- 3.2.1 Global Chocolate Powdered Drinks Revenue by Region: 2021 VS 2025 VS 2032
- 3.2.2 Global Chocolate Powdered Drinks Revenue by Region (2021-2026)
- 3.2.3 Global Chocolate Powdered Drinks Revenue by Region (2027-2032)
- 3.2.4 Global Chocolate Powdered Drinks Revenue Market Share by Region (2021-2032)
- 3.3 Global Chocolate Powdered Drinks Sales Estimates and Forecasts 2021-2032
- 3.4 Global Chocolate Powdered Drinks Sales by Region
- 3.4.1 Global Chocolate Powdered Drinks Sales by Region: 2021 VS 2025 VS 2032
- 3.4.2 Global Chocolate Powdered Drinks Sales by Region (2021-2026)
- 3.4.3 Global Chocolate Powdered Drinks Sales by Region (2027-2032)
- 3.4.4 Global Chocolate Powdered Drinks 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 Chocolate Powdered Drinks Revenue by Manufacturers
- 4.1.1 Global Chocolate Powdered Drinks Revenue by Manufacturers (2021-2026)
- 4.1.2 Global Chocolate Powdered Drinks Revenue Market Share by Manufacturers (2021-2026)
- 4.1.3 Global Chocolate Powdered Drinks Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 4.2 Global Chocolate Powdered Drinks Sales by Manufacturers
- 4.2.1 Global Chocolate Powdered Drinks Sales by Manufacturers (2021-2026)
- 4.2.2 Global Chocolate Powdered Drinks Sales Market Share by Manufacturers (2021-2026)
- 4.2.3 Global Chocolate Powdered Drinks Manufacturers Sales Share Top 10 and Top 5 in 2025
- 4.3 Global Chocolate Powdered Drinks Sales Price by Manufacturers (2021-2026)
- 4.4 Global Chocolate Powdered Drinks Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 4.5 Global Chocolate Powdered Drinks Key Manufacturers Manufacturing Sites & Headquarters
- 4.6 Global Chocolate Powdered Drinks Manufacturers, Product Type & Application
- 4.7 Global Chocolate Powdered Drinks Manufacturers' Establishment Date
- 4.8 Market Competitive Analysis
- 4.8.1 Global Chocolate Powdered Drinks Market CR5 and HHI
- 4.8.2 2025 Chocolate Powdered Drinks Tier 1, Tier 2, and Tier 3
5 Chocolate Powdered Drinks Market by Type
- 5.1 Global Chocolate Powdered Drinks Revenue by Type
- 5.1.1 Global Chocolate Powdered Drinks Revenue by Type (2021 VS 2025 VS 2032)
- 5.1.2 Global Chocolate Powdered Drinks Revenue by Type (2021-2032) & (US$ Million)
- 5.1.3 Global Chocolate Powdered Drinks Revenue Market Share by Type (2021-2032)
- 5.2 Global Chocolate Powdered Drinks Sales by Type
- 5.2.1 Global Chocolate Powdered Drinks Sales by Type (2021 VS 2025 VS 2032)
- 5.2.2 Global Chocolate Powdered Drinks Sales by Type (2021-2032) & (k units)
- 5.2.3 Global Chocolate Powdered Drinks Sales Market Share by Type (2021-2032)
- 5.3 Global Chocolate Powdered Drinks Price by Type
6 Chocolate Powdered Drinks Market by Application
- 6.1 Global Chocolate Powdered Drinks Revenue by Application
- 6.1.1 Global Chocolate Powdered Drinks Revenue by Application (2021 VS 2025 VS 2032)
- 6.1.2 Global Chocolate Powdered Drinks Revenue by Application (2021-2032) & (US$ Million)
- 6.1.3 Global Chocolate Powdered Drinks Revenue Market Share by Application (2021-2032)
- 6.2 Global Chocolate Powdered Drinks Sales by Application
- 6.2.1 Global Chocolate Powdered Drinks Sales by Application (2021 VS 2025 VS 2032)
- 6.2.2 Global Chocolate Powdered Drinks Sales by Application (2021-2032) & (k units)
- 6.2.3 Global Chocolate Powdered Drinks Sales Market Share by Application (2021-2032)
- 6.3 Global Chocolate Powdered Drinks Price by Application
7 Company Profiles
- 7.1 Nestlé
- 7.1.1 Nestlé Company Information
- 7.1.2 Nestlé Business Overview
- 7.1.3 Nestlé Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.1.4 Nestlé Chocolate Powdered Drinks Product Portfolio
- 7.1.5 Nestlé Recent Developments
- 7.2 Maxwell House
- 7.2.1 Maxwell House Company Information
- 7.2.2 Maxwell House Business Overview
- 7.2.3 Maxwell House Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.2.4 Maxwell House Chocolate Powdered Drinks Product Portfolio
- 7.2.5 Maxwell House Recent Developments
- 7.3 Mount Hagen
- 7.3.1 Mount Hagen Company Information
- 7.3.2 Mount Hagen Business Overview
- 7.3.3 Mount Hagen Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.3.4 Mount Hagen Chocolate Powdered Drinks Product Portfolio
- 7.3.5 Mount Hagen Recent Developments
- 7.4 Douwe Egberts
- 7.4.1 Douwe Egberts Company Information
- 7.4.2 Douwe Egberts Business Overview
- 7.4.3 Douwe Egberts Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.4.4 Douwe Egberts Chocolate Powdered Drinks Product Portfolio
- 7.4.5 Douwe Egberts Recent Developments
- 7.5 Folgers
- 7.5.1 Folgers Company Information
- 7.5.2 Folgers Business Overview
- 7.5.3 Folgers Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.5.4 Folgers Chocolate Powdered Drinks Product Portfolio
- 7.5.5 Folgers Recent Developments
- 7.6 G7
- 7.6.1 G7 Company Information
- 7.6.2 G7 Business Overview
- 7.6.3 G7 Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.6.4 G7 Chocolate Powdered Drinks Product Portfolio
- 7.6.5 G7 Recent Developments
- 7.7 UCC
- 7.7.1 UCC Company Information
- 7.7.2 UCC Business Overview
- 7.7.3 UCC Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.7.4 UCC Chocolate Powdered Drinks Product Portfolio
- 7.7.5 UCC Recent Developments
- 7.8 OWL
- 7.8.1 OWL Company Information
- 7.8.2 OWL Business Overview
- 7.8.3 OWL Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.8.4 OWL Chocolate Powdered Drinks Product Portfolio
- 7.8.5 OWL Recent Developments
- 7.9 LAVAZZA
- 7.9.1 LAVAZZA Company Information
- 7.9.2 LAVAZZA Business Overview
- 7.9.3 LAVAZZA Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.9.4 LAVAZZA Chocolate Powdered Drinks Product Portfolio
- 7.9.5 LAVAZZA Recent Developments
- 7.10 Moccona
- 7.10.1 Moccona Company Information
- 7.10.2 Moccona Business Overview
- 7.10.3 Moccona Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.10.4 Moccona Chocolate Powdered Drinks Product Portfolio
- 7.10.5 Moccona Recent Developments
- 7.11 Kopiko
- 7.11.1 Kopiko Company Information
- 7.11.2 Kopiko Business Overview
- 7.11.3 Kopiko Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.11.4 Kopiko Chocolate Powdered Drinks Product Portfolio
- 7.11.5 Kopiko Recent Developments
- 7.12 Grandos
- 7.12.1 Grandos Company Information
- 7.12.2 Grandos Business Overview
- 7.12.3 Grandos Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.12.4 Grandos Chocolate Powdered Drinks Product Portfolio
- 7.12.5 Grandos Recent Developments
- 7.13 GEROGIA
- 7.13.1 GEROGIA Company Information
- 7.13.2 GEROGIA Business Overview
- 7.13.3 GEROGIA Chocolate Powdered Drinks Sales, Revenue, Price and Gross Margin (2021-2026)
- 7.13.4 GEROGIA Chocolate Powdered Drinks Product Portfolio
- 7.13.5 GEROGIA Recent Developments
8 North America
- 8.1 North America Chocolate Powdered Drinks Market Size by Type
- 8.1.1 North America Chocolate Powdered Drinks Revenue by Type (2021-2032)
- 8.1.2 North America Chocolate Powdered Drinks Sales by Type (2021-2032)
- 8.1.3 North America Chocolate Powdered Drinks Price by Type (2021-2032)
- 8.2 North America Chocolate Powdered Drinks Market Size by Application
- 8.2.1 North America Chocolate Powdered Drinks Revenue by Application (2021-2032)
- 8.2.2 North America Chocolate Powdered Drinks Sales by Application (2021-2032)
- 8.2.3 North America Chocolate Powdered Drinks Price by Application (2021-2032)
- 8.3 North America Chocolate Powdered Drinks Market Size by Country
- 8.3.1 North America Chocolate Powdered Drinks Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 8.3.2 North America Chocolate Powdered Drinks Sales by Country (2021 VS 2025 VS 2032)
- 8.3.3 North America Chocolate Powdered Drinks Price by Country (2021-2032)
- 8.3.4 United States
- 8.3.5 Canada
- 8.3.6 Mexico
9 Europe
- 9.1 Europe Chocolate Powdered Drinks Market Size by Type
- 9.1.1 Europe Chocolate Powdered Drinks Revenue by Type (2021-2032)
- 9.1.2 Europe Chocolate Powdered Drinks Sales by Type (2021-2032)
- 9.1.3 Europe Chocolate Powdered Drinks Price by Type (2021-2032)
- 9.2 Europe Chocolate Powdered Drinks Market Size by Application
- 9.2.1 Europe Chocolate Powdered Drinks Revenue by Application (2021-2032)
- 9.2.2 Europe Chocolate Powdered Drinks Sales by Application (2021-2032)
- 9.2.3 Europe Chocolate Powdered Drinks Price by Application (2021-2032)
- 9.3 Europe Chocolate Powdered Drinks Market Size by Country
- 9.3.1 Europe Chocolate Powdered Drinks Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 Europe Chocolate Powdered Drinks Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 Europe Chocolate Powdered Drinks 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 Chocolate Powdered Drinks Market Size by Type
- 10.1.1 China Chocolate Powdered Drinks Revenue by Type (2021-2032)
- 10.1.2 China Chocolate Powdered Drinks Sales by Type (2021-2032)
- 10.1.3 China Chocolate Powdered Drinks Price by Type (2021-2032)
- 10.2 China Chocolate Powdered Drinks Market Size by Application
- 10.2.1 China Chocolate Powdered Drinks Revenue by Application (2021-2032)
- 10.2.2 China Chocolate Powdered Drinks Sales by Application (2021-2032)
- 10.2.3 China Chocolate Powdered Drinks Price by Application (2021-2032)
11 Asia (Excluding China)
- 11.1 Asia Chocolate Powdered Drinks Market Size by Type
- 11.1.1 Asia Chocolate Powdered Drinks Revenue by Type (2021-2032)
- 11.1.2 Asia Chocolate Powdered Drinks Sales by Type (2021-2032)
- 11.1.3 Asia Chocolate Powdered Drinks Price by Type (2021-2032)
- 11.2 Asia Chocolate Powdered Drinks Market Size by Application
- 11.2.1 Asia Chocolate Powdered Drinks Revenue by Application (2021-2032)
- 11.2.2 Asia Chocolate Powdered Drinks Sales by Application (2021-2032)
- 11.2.3 Asia Chocolate Powdered Drinks Price by Application (2021-2032)
- 11.3 Asia Chocolate Powdered Drinks Market Size by Country
- 11.3.1 Asia Chocolate Powdered Drinks Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 11.3.2 Asia Chocolate Powdered Drinks Sales by Country (2021 VS 2025 VS 2032)
- 11.3.3 Asia Chocolate Powdered Drinks 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 Chocolate Powdered Drinks Market Size by Type
- 12.1.1 SAMEA Chocolate Powdered Drinks Revenue by Type (2021-2032)
- 12.1.2 SAMEA Chocolate Powdered Drinks Sales by Type (2021-2032)
- 12.1.3 SAMEA Chocolate Powdered Drinks Price by Type (2021-2032)
- 12.2 SAMEA Chocolate Powdered Drinks Market Size by Application
- 12.2.1 SAMEA Chocolate Powdered Drinks Revenue by Application (2021-2032)
- 12.2.2 SAMEA Chocolate Powdered Drinks Sales by Application (2021-2032)
- 12.2.3 SAMEA Chocolate Powdered Drinks Price by Application (2021-2032)
- 12.3 SAMEA Chocolate Powdered Drinks Market Size by Country
- 12.3.1 SAMEA Chocolate Powdered Drinks Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 SAMEA Chocolate Powdered Drinks Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 SAMEA Chocolate Powdered Drinks 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 Chocolate Powdered Drinks Value Chain Analysis
- 13.1.1 Chocolate Powdered Drinks Key Raw Materials
- 13.1.2 Raw Materials Key Suppliers
- 13.1.3 Manufacturing Cost Structure
- 13.1.4 Chocolate Powdered Drinks Production Mode & Process
- 13.2 Chocolate Powdered Drinks Sales Channels Analysis
- 13.2.1 Direct Comparison with Distribution Share
- 13.2.2 Chocolate Powdered Drinks Distributors
- 13.2.3 Chocolate Powdered Drinks 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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