Selected research
Industry Growth & Trends
Global Lauric Specialty Fat Industry Growth and Trends Forecast to 2032
Market perspective
The global Lauric Specialty Fat market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Lauric Specialty Fat is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Lauric Specialty Fat is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Lauric Specialty Fat is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Lauric Specialty Fat include AAK AB, Bunge Ltd, Cargill Inc, Wilmar International Ltd, Musim Mas Group, Fuji Oil Holdings Inc, IOI Corporation Berhad, Mewah Group and Intercontinental Specialty Fats Sdn Bhd, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Lauric Specialty Fat market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Lauric Specialty Fat market size, estimates, and forecasts are presented in terms of sales volume (kt) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Lauric Specialty Fat market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Lauric Specialty Fat.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Lauric Specialty Fat market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Lauric Specialty Fat Market by Company
AAK AB
Bunge Ltd
Cargill Inc
Wilmar International Ltd
Musim Mas Group
Fuji Oil Holdings Inc
IOI Corporation Berhad
Mewah Group
Intercontinental Specialty Fats Sdn Bhd
IFFCO Group
3F Industries Ltd
Oleo Fats Inc
De Wit Specialty Oils
Apical Group Ltd
Golden Agri Resources Ltd
Liberty Oil Mills Ltd
Ventura Foods LLC
Adams Group
Lauric Specialty Fat Segment by Type
CBS and Compound Fats
Coating Fats
Filling and Cream Fats
Dairy Fat Replacer
Other Lauric Specialty Fat
Lauric Specialty Fat Segment by Application
Compound Chocolate
Bakery Filling
Ice Cream
Non Dairy Creamer
Other Processed Food
Lauric Specialty Fat 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
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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 Lauric Specialty Fat 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 Lauric Specialty Fat 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 volume 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 Lauric Specialty Fat.
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 study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
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: Detailed analysis of Lauric Specialty Fat manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Lauric Specialty Fat in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- CBS and Compound Fats
- Coating Fats
- Filling and Cream Fats
- Dairy Fat Replacer
- Other Lauric Specialty Fat
Applications
- Compound Chocolate
- Bakery Filling
- Ice Cream
- Non Dairy Creamer
- Other Processed Food
Companies covered
- AAK AB
- Bunge Ltd
- Cargill Inc
- Wilmar International Ltd
- Musim Mas Group
- Fuji Oil Holdings Inc
- IOI Corporation Berhad
- Mewah Group
- Intercontinental Specialty Fats Sdn Bhd
- IFFCO Group
- 3F Industries Ltd
- Oleo Fats Inc
- De Wit Specialty Oils
- Apical Group Ltd
- Golden Agri Resources Ltd
- Liberty Oil Mills Ltd
- Ventura Foods LLC
- Adams Group
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Lauric Specialty Fat Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Lauric Specialty Fat Sales Estimates and Forecasts (2021-2032)
- 1.3 Lauric Specialty Fat Market by Type
- 1.3.1 CBS and Compound Fats
- 1.3.2 Coating Fats
- 1.3.3 Filling and Cream Fats
- 1.3.4 Dairy Fat Replacer
- 1.3.5 Other Lauric Specialty Fat
- 1.4 Global Lauric Specialty Fat Market Size by Type
- 1.4.1 Global Lauric Specialty Fat Market Size Overview by Type (2021-2032)
- 1.4.2 Global Lauric Specialty Fat Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Lauric Specialty Fat Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Lauric Specialty Fat Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Lauric Specialty Fat Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Lauric Specialty Fat Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Lauric Specialty Fat Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Lauric Specialty Fat Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Lauric Specialty Fat Industry Trends
- 2.2 Lauric Specialty Fat Industry Drivers
- 2.3 Lauric Specialty Fat Industry Opportunities and Challenges
- 2.4 Lauric Specialty Fat Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Lauric Specialty Fat Revenue (2021-2026)
- 3.2 Global Top Players by Lauric Specialty Fat Sales (2021-2026)
- 3.3 Global Top Players by Lauric Specialty Fat Price (2021-2026)
- 3.4 Global Lauric Specialty Fat Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Lauric Specialty Fat Major Company Production Sites & Headquarters
- 3.6 Global Lauric Specialty Fat Company, Product Type & Application
- 3.7 Global Lauric Specialty Fat Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Lauric Specialty Fat Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Lauric Specialty Fat Players Market Share by Revenue in 2025
- 3.8.3 2025 Lauric Specialty Fat Tier 1, Tier 2, and Tier 3
4 Lauric Specialty Fat Regional Status and Outlook
- 4.1 Global Lauric Specialty Fat Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Lauric Specialty Fat Historic Market Size by Region
- 4.2.1 Global Lauric Specialty Fat Sales in Volume by Region (2021-2026)
- 4.2.2 Global Lauric Specialty Fat Sales in Value by Region (2021-2026)
- 4.2.3 Global Lauric Specialty Fat Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Lauric Specialty Fat Forecasted Market Size by Region
- 4.3.1 Global Lauric Specialty Fat Sales in Volume by Region (2027-2032)
- 4.3.2 Global Lauric Specialty Fat Sales in Value by Region (2027-2032)
- 4.3.3 Global Lauric Specialty Fat Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Lauric Specialty Fat by Application
- 5.1 Lauric Specialty Fat Market by Application
- 5.1.1 Compound Chocolate
- 5.1.2 Bakery Filling
- 5.1.3 Ice Cream
- 5.1.4 Non Dairy Creamer
- 5.1.5 Other Processed Food
- 5.2 Global Lauric Specialty Fat Market Size by Application
- 5.2.1 Global Lauric Specialty Fat Market Size Overview by Application (2021-2032)
- 5.2.2 Global Lauric Specialty Fat Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Lauric Specialty Fat Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Lauric Specialty Fat Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Lauric Specialty Fat Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Lauric Specialty Fat Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Lauric Specialty Fat Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Lauric Specialty Fat Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 AAK AB
- 6.1.1 AAK AB Company Information
- 6.1.2 AAK AB Business Overview
- 6.1.3 AAK AB Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 AAK AB Lauric Specialty Fat Product Portfolio
- 6.1.5 AAK AB Recent Developments
- 6.2 Bunge Ltd
- 6.2.1 Bunge Ltd Company Information
- 6.2.2 Bunge Ltd Business Overview
- 6.2.3 Bunge Ltd Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Bunge Ltd Lauric Specialty Fat Product Portfolio
- 6.2.5 Bunge Ltd Recent Developments
- 6.3 Cargill Inc
- 6.3.1 Cargill Inc Company Information
- 6.3.2 Cargill Inc Business Overview
- 6.3.3 Cargill Inc Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Cargill Inc Lauric Specialty Fat Product Portfolio
- 6.3.5 Cargill Inc Recent Developments
- 6.4 Wilmar International Ltd
- 6.4.1 Wilmar International Ltd Company Information
- 6.4.2 Wilmar International Ltd Business Overview
- 6.4.3 Wilmar International Ltd Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Wilmar International Ltd Lauric Specialty Fat Product Portfolio
- 6.4.5 Wilmar International Ltd Recent Developments
- 6.5 Musim Mas Group
- 6.5.1 Musim Mas Group Company Information
- 6.5.2 Musim Mas Group Business Overview
- 6.5.3 Musim Mas Group Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Musim Mas Group Lauric Specialty Fat Product Portfolio
- 6.5.5 Musim Mas Group Recent Developments
- 6.6 Fuji Oil Holdings Inc
- 6.6.1 Fuji Oil Holdings Inc Company Information
- 6.6.2 Fuji Oil Holdings Inc Business Overview
- 6.6.3 Fuji Oil Holdings Inc Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Fuji Oil Holdings Inc Lauric Specialty Fat Product Portfolio
- 6.6.5 Fuji Oil Holdings Inc Recent Developments
- 6.7 IOI Corporation Berhad
- 6.7.1 IOI Corporation Berhad Company Information
- 6.7.2 IOI Corporation Berhad Business Overview
- 6.7.3 IOI Corporation Berhad Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 IOI Corporation Berhad Lauric Specialty Fat Product Portfolio
- 6.7.5 IOI Corporation Berhad Recent Developments
- 6.8 Mewah Group
- 6.8.1 Mewah Group Company Information
- 6.8.2 Mewah Group Business Overview
- 6.8.3 Mewah Group Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Mewah Group Lauric Specialty Fat Product Portfolio
- 6.8.5 Mewah Group Recent Developments
- 6.9 Intercontinental Specialty Fats Sdn Bhd
- 6.9.1 Intercontinental Specialty Fats Sdn Bhd Company Information
- 6.9.2 Intercontinental Specialty Fats Sdn Bhd Business Overview
- 6.9.3 Intercontinental Specialty Fats Sdn Bhd Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Intercontinental Specialty Fats Sdn Bhd Lauric Specialty Fat Product Portfolio
- 6.9.5 Intercontinental Specialty Fats Sdn Bhd Recent Developments
- 6.10 IFFCO Group
- 6.10.1 IFFCO Group Company Information
- 6.10.2 IFFCO Group Business Overview
- 6.10.3 IFFCO Group Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 IFFCO Group Lauric Specialty Fat Product Portfolio
- 6.10.5 IFFCO Group Recent Developments
- 6.11 3F Industries Ltd
- 6.11.1 3F Industries Ltd Company Information
- 6.11.2 3F Industries Ltd Business Overview
- 6.11.3 3F Industries Ltd Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 3F Industries Ltd Lauric Specialty Fat Product Portfolio
- 6.11.5 3F Industries Ltd Recent Developments
- 6.12 Oleo Fats Inc
- 6.12.1 Oleo Fats Inc Company Information
- 6.12.2 Oleo Fats Inc Business Overview
- 6.12.3 Oleo Fats Inc Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Oleo Fats Inc Lauric Specialty Fat Product Portfolio
- 6.12.5 Oleo Fats Inc Recent Developments
- 6.13 De Wit Specialty Oils
- 6.13.1 De Wit Specialty Oils Company Information
- 6.13.2 De Wit Specialty Oils Business Overview
- 6.13.3 De Wit Specialty Oils Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 De Wit Specialty Oils Lauric Specialty Fat Product Portfolio
- 6.13.5 De Wit Specialty Oils Recent Developments
- 6.14 Apical Group Ltd
- 6.14.1 Apical Group Ltd Company Information
- 6.14.2 Apical Group Ltd Business Overview
- 6.14.3 Apical Group Ltd Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Apical Group Ltd Lauric Specialty Fat Product Portfolio
- 6.14.5 Apical Group Ltd Recent Developments
- 6.15 Golden Agri Resources Ltd
- 6.15.1 Golden Agri Resources Ltd Company Information
- 6.15.2 Golden Agri Resources Ltd Business Overview
- 6.15.3 Golden Agri Resources Ltd Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Golden Agri Resources Ltd Lauric Specialty Fat Product Portfolio
- 6.15.5 Golden Agri Resources Ltd Recent Developments
- 6.16 Liberty Oil Mills Ltd
- 6.16.1 Liberty Oil Mills Ltd Company Information
- 6.16.2 Liberty Oil Mills Ltd Business Overview
- 6.16.3 Liberty Oil Mills Ltd Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Liberty Oil Mills Ltd Lauric Specialty Fat Product Portfolio
- 6.16.5 Liberty Oil Mills Ltd Recent Developments
- 6.17 Ventura Foods LLC
- 6.17.1 Ventura Foods LLC Company Information
- 6.17.2 Ventura Foods LLC Business Overview
- 6.17.3 Ventura Foods LLC Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 Ventura Foods LLC Lauric Specialty Fat Product Portfolio
- 6.17.5 Ventura Foods LLC Recent Developments
- 6.18 Adams Group
- 6.18.1 Adams Group Company Information
- 6.18.2 Adams Group Business Overview
- 6.18.3 Adams Group Lauric Specialty Fat Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 Adams Group Lauric Specialty Fat Product Portfolio
- 6.18.5 Adams Group Recent Developments
7 North America by Country
- 7.1 North America Lauric Specialty Fat Sales by Country
- 7.1.1 North America Lauric Specialty Fat Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Lauric Specialty Fat Sales by Country (2021-2026)
- 7.1.3 North America Lauric Specialty Fat Sales Forecast by Country (2027-2032)
- 7.2 North America Lauric Specialty Fat Market Size by Country
- 7.2.1 North America Lauric Specialty Fat Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Lauric Specialty Fat Market Size by Country (2021-2026)
- 7.2.3 North America Lauric Specialty Fat Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Lauric Specialty Fat Sales by Country
- 8.1.1 Europe Lauric Specialty Fat Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Lauric Specialty Fat Sales by Country (2021-2026)
- 8.1.3 Europe Lauric Specialty Fat Sales Forecast by Country (2027-2032)
- 8.2 Europe Lauric Specialty Fat Market Size by Country
- 8.2.1 Europe Lauric Specialty Fat Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Lauric Specialty Fat Market Size by Country (2021-2026)
- 8.2.3 Europe Lauric Specialty Fat Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Lauric Specialty Fat Sales by Country
- 9.1.1 Asia-Pacific Lauric Specialty Fat Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Lauric Specialty Fat Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Lauric Specialty Fat Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Lauric Specialty Fat Market Size by Country
- 9.2.1 Asia-Pacific Lauric Specialty Fat Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Lauric Specialty Fat Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Lauric Specialty Fat Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Lauric Specialty Fat Sales by Country
- 10.1.1 South America Lauric Specialty Fat Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Lauric Specialty Fat Sales by Country (2021-2026)
- 10.1.3 South America Lauric Specialty Fat Sales Forecast by Country (2027-2032)
- 10.2 South America Lauric Specialty Fat Market Size by Country
- 10.2.1 South America Lauric Specialty Fat Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Lauric Specialty Fat Market Size by Country (2021-2026)
- 10.2.3 South America Lauric Specialty Fat Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Lauric Specialty Fat Sales by Country
- 11.1.1 Middle East and Africa Lauric Specialty Fat Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Lauric Specialty Fat Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Lauric Specialty Fat Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Lauric Specialty Fat Market Size by Country
- 11.2.1 Middle East and Africa Lauric Specialty Fat Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Lauric Specialty Fat Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Lauric Specialty Fat Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Lauric Specialty Fat Value Chain Analysis
- 12.1.1 Lauric Specialty Fat Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Lauric Specialty Fat Production Mode & Process
- 12.2 Lauric Specialty Fat Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Lauric Specialty Fat Distributors
- 12.2.3 Lauric Specialty Fat Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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