Feed Enzymes Global Market Opportunities And Strategies To 2033

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,000	289 Pages	The Business Research Company	November, 2024	BRC19338221

Best Price Guarantee
Price	from $4,000
Length	289 Pages
Publisher	The Business Research Company
Published Date	November, 2024
SKU	BRC19338221

Feed Enzymes Global Market Opportunities And Strategies To 2033

Including: 1) By Type: Protease; Phytase; Carbohydrase2) By Form: Dry; Liquid 3) By Livestock: Swine; Poultry; Ruminants; Aquatic Animals4) By Source: Microorganism; Plant; AnimalCovering: Elanco Animal Health Inc; Koninklijke DSM N.V; Archer Daniel Midland Co; Novus International Inc; BASF SE

Feed Enzymes Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global feed enzymes market as it emerges from the COVID-19 shut down.

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Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
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Description:

Where is the largest and fastest-growing market for feed enzymes? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The feed enzymes market global report from The Business Research Company answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider feed enzymes market; and compares it with other markets.

The report covers the following chapters

Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by source, by form and by livestock.
Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the feed enzymes market.
Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by source, by form and by livestock in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
Competitive Dashboard- Briefs on competitive dashboard of major players.
Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations- This section includes recommendations for feed enzymes providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

1) By Type: Protease; Phytase; Carbohydrase; Other Types

2) By Form: Dry; Liquid

3) By Livestock: Swine; Poultry; Ruminants; Aquatic Animals; Other Livestock

4) By Source: Microorganism; Plant; Animal

Companies Mentioned: Elanco Animal Health Inc; Koninklijke DSM N.V; Archer Daniel Midland Co; Novus International Inc; BASF SE

Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time-series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; feed enzymes indicators comparison.

Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

1 Executive Summary: 1.1 Feed Enzymes – Market Attractiveness And Macro economic Landscape
2 Table Of Contents
3 List Of Tables
4 List Of Figures
5 Report Structure
6 Market Characteristics: 6.1 General Market Definition; 6.2 Summary; 6.3 Feed Enzymes Market Definition And Segmentations; 6.4 Market Segmentation By Type; 6.4.1 Protease; 6.4.2 Phytase; 6.4.3 Carbohydrase; 6.4.4 Other Types; 6.5 Market Segmentation By Source; 6.5.1 Microorganism; 6.5.2 Plant; 6.5.3 Animal; 6.6 Market Segmentation By Form; 6.6.1 Dry; 6.6.2 Liquid; 6.7 Market Segmentation By Livestock; 6.7.1 Swine; 6.7.2 Poultry; 6.7.3 Ruminants; 6.7.4 Aquatic Animals; 6.7.5 Other Livestock
7 Major Market Trends: 7.1 Advancements In Xylanase Technology Enhancing Nutrient Availability In Animal Feed; 7.2 Regulatory Approvals To Enhance Production Efficiency And Promote Sustainable Practices; 7.3 Strategic Partnerships Among Major Players To Enhance Product Offerings
8 Feed Enzymes Market – Macro-Economic Scenario: 8.1 COVID-19 Impact On The Feed Enzymes Market; 8.2 Impact Of The War In Ukraine On The Feed Enzymes Market; 8.3 Impact Of High Inflation On The Feed Enzymes Market
9 Global Market Size And Growth: 9.1 Market Size; 9.2 Historic Market Growth, 2018 – 2023, Value ($ Million); 9.2.1 Market Drivers 2018 – 2023; 9.2.2 Market Restraints 2018 – 2023; 9.3 Forecast Market Growth, 2023 – 2028, 2033F Value ($ Million); 9.3.1 Market Drivers 2023 – 2028; 9.3.2 Market Restraints 2023 – 2028
10 Global Feed Enzymes Market Segmentation: 10.1 Global Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 10.2 Global Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 10.3 Global Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 10.4 Global Feed Enzymes Market, Segmentation By Source, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
11 Feed Enzymes Market, Regional and Country Analysis: 11.1 Global Feed Enzymes Market, By Region, Historic and Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 11.2 Global Feed Enzymes Market, By Country, Historic and Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
12 Asia-Pacific Market: 12.1 Summary; 12.2 Market Overview; 12.2.1 Region Information; 12.2.2 Market Information; 12.2.3 Background Information; 12.2.4 Government Initiatives; 12.2.5 Regulations; 12.2.6 Regulatory Bodies; 12.2.7 Major Associations; 12.2.8 Taxes Levied; 12.2.9 Corporate Tax Structure; 12.2.10 Investments; 12.2.11 Major Companies; 12.3 Asia-Pacific Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.4 Asia-Pacific Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.5 Asia-Pacific Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.6 Asia-Pacific Feed Enzymes Market: Country Analysis; 12.7 China Market; 12.8 Summary; 12.9 Market Overview; 12.9.1 Country Information; 12.9.2 Market Information; 12.9.3 Background Information; 12.9.4 Government Initiatives; 12.9.5 Regulations; 12.9.6 Regulatory Bodies; 12.9.7 Major Associations; 12.9.8 Taxes Levied; 12.9.9 Corporate Tax Structure; 12.9.10 Investments; 12.9.11 Major Companies; 12.10 China Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.11 China Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.12 China Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.13 India Market; 12.14 India Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.15 India Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.16 India Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.17 Japan Market; 12.18 Japan Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.19 Japan Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.20 Japan Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.21 Australia Market; 12.22 Australia Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.23 Australia Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.24 Australia Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.25 Indonesia Market; 12.26 Indonesia Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.27 Indonesia Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.28 Indonesia Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.29 South Korea Market; 12.30 South Korea Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.31 South Korea Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 12.32 South Korea Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
13 Western Europe Market: 13.1 Summary; 13.2 Market Overview; 13.2.1 Region Information; 13.2.2 Market Information; 13.2.3 Background Information; 13.2.4 Government Initiatives; 13.2.5 Regulations; 13.2.6 Regulatory Bodies; 13.2.7 Major Associations; 13.2.8 Taxes Levied; 13.2.9 Corporate Tax Structure; 13.2.10 Investments; 13.2.11 Major Companies; 13.3 Western Europe Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.4 Western Europe Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.5 Western Europe Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.6 Western Europe Feed Enzymes Market: Country Analysis; 13.7 UK Market; 13.8 UK Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.9 UK Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.10 UK Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.11 Germany Market; 13.12 Germany Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.13 Germany Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.14 Germany Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.15 France Market; 13.16 France Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.17 France Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.18 France Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.19 Italy Market; 13.20 Italy Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.21 Italy Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.22 Italy Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.23 Spain Market; 13.24 Spain Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.25 Spain Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 13.26 Spain Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
14 Eastern Europe Market: 14.1 Summary; 14.2 Market Overview; 14.2.1 Region Information; 14.2.2 Market Information; 14.2.3 Background Information; 14.2.4 Government Initiatives; 14.2.5 Regulations; 14.2.6 Regulatory Bodies; 14.2.7 Major Associations; 14.2.8 Taxes Levied; 14.2.9 Corporate Tax Structure; 14.2.10 Investments; 14.2.11 Major Companies; 14.3 Eastern Europe Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 14.4 Eastern Europe Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 14.5 Eastern Europe Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 14.6 Eastern Europe Feed Enzymes Market: Country Analysis; 14.7 Russia Market; 14.8 Russia Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 14.9 Russia Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 14.10 Russia Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
15 North America Market: 15.1 Summary; 15.2 Market Overview; 15.2.1 12.1.1 Region Information; 15.2.2 12.1.2 Market Information; 15.2.3 12.1.3 Background Information; 15.2.4 Government Initiatives; 15.2.5 Regulations; 15.2.6 Regulatory Bodies; 15.2.7 Major Associations; 15.2.8 Taxes Levied; 15.2.9 Corporate Tax Structure; 15.2.10 Investments; 15.2.11 Major Companies; 15.3 North America Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.4 North America Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.5 North America Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.6 North America Feed Enzymes Market: Country Analysis; 15.7 USA Market; 15.8 Summary; 15.9 Market Overview; 15.9.1 Country Information; 15.9.2 Market Information; 15.9.3 Background Information; 15.9.4 Government Initiatives; 15.9.5 Regulations; 15.9.6 Regulatory Bodies; 15.9.7 Major Associations; 15.9.8 Taxes Levied; 15.9.9 Corporate Tax Structure; 15.9.10 Investments; 15.9.11 Major Companies; 15.10 USA Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.11 USA Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.12 USA Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.13 Canada Market; 15.14 Canada Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.15 Canada Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 15.16 Canada Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
16 South America Market: 16.1 Summary; 16.2 Market Overview; 16.2.1 Region Information; 16.2.2 Market Information; 16.2.3 Background Information; 16.2.4 Government Initiatives; 16.2.5 Regulations; 16.2.6 Regulatory Bodies; 16.2.7 Major Associations; 16.2.8 Taxes Levied; 16.2.9 Corporate Tax Structure; 16.2.10 Investments; 16.2.11 Major Companies; 16.3 South America Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 16.4 South America Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 16.5 South America Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 16.6 South America Feed Enzymes Market: Country Analysis; 16.7 Brazil Market; 16.8 Brazil Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 16.9 Brazil Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 16.10 Brazil Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
17 Middle East Market: 17.1 Summary; 17.2 Market Overview; 17.2.1 Region Information; 17.2.2 Market Information; 17.2.3 Background Information; 17.2.4 Government Initiatives; 17.2.5 Regulations; 17.2.6 Regulatory Bodies; 17.2.7 Major Associations; 17.2.8 Taxes Levied; 17.2.9 Corporate Tax Structure; 17.2.10 Investments; 17.2.11 Major Companies; 17.3 Middle East Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 17.4 Middle East Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 17.5 Middle East Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
18 Africa Market: 18.1 Summary; 18.2 Market Overview; 18.2.1 Region Information; 18.2.2 Market Information; 18.2.3 Background Information; 18.2.4 Government Initiatives; 18.2.5 Regulations; 18.2.6 Regulatory Bodies; 18.2.7 Major Associations; 18.2.8 Taxes Levied; 18.2.9 Corporate Tax Structure; 18.2.10 Investments; 18.2.11 Major Companies; 18.3 Africa Feed Enzymes Market, Segmentation By Type, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 18.4 Africa Feed Enzymes Market, Segmentation By Form, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million); 18.5 Africa Feed Enzymes Market, Segmentation By Livestock, Historic And Forecast, 2018 – 2023, 2028F, 2033F, Value ($ Million)
19 Competitive Landscape And Company Profiles: 19.1 Company Profiles; 19.2 Elanco Animal Health Incorporated; 19.2.1 Company Overview; 19.2.2 Products And Services; 19.2.3 Business Strategy; 19.2.4 Financial Overview; 19.3 Koninklijke DSM N.V.; 19.3.1 Company Overview; 19.3.2 Products And Services; 19.3.3 Business Strategy; 19.3.4 Financial Overview; 19.4 Archer Daniels Midland Company; 19.4.1 Company Overview; 19.4.2 Products And Services; 19.4.3 Business Strategy; 19.4.4 Financial Overview; 19.5 Novus International Inc; 19.5.1 Company Overview; 19.5.2 Products And Services; 19.5.3 Business Strategy; 19.5.4 Financial Overview; 19.6 BASF SE; 19.6.1 Company Overview; 19.6.2 Products And Services; 19.6.3 Business Strategy; 19.6.4 Financial Overview
20 Competitive Benchmarking
21 Competitive Dashboard
22 Key Mergers And Acquisitions: 22.1 Novus Acquired BioResource International; 22.2 ForFarmers Acquired Pasze Sp. z o.o.; 22.3 Kerry Group Acquired Lactase Enzymes Business; 22.4 Archer Daniels Midland (ADM) Acquired PT Trouw Nutrition Indonesia; 22.5 Novus Acquired Agrivida; 22.6 Royal DSM-Firmenich Acquired Prodap; 22.7 Kerry Group Acquired Enmex
23 Opportunities And Strategies: 23.1 Global Feed Enzymes Market In 2028 – Countries Offering Most New Opportunities; 23.2 Global Feed Enzymes Market In 2028 – Segments Offering Most New Opportunities; 23.3 Global Feed Enzymes Market In 2028 – Growth Strategies; 23.3.1 Market Trend Based Strategies; 23.3.2 Competitor Strategies
24 Feed Enzymes Market, Conclusions And Recommendations: 24.1 Conclusions; 24.2 Recommendations; 24.2.1 Product; 24.2.2 Place; 24.2.3 Price; 24.2.4 Promotion; 24.2.5 People
25 Appendix: 25.1 Geographies Covered; 25.2 Market Data Sources; 25.3 Research Methodology; 25.4 Currencies; 25.5 The Business Research Company; 25.6 Copyright and Disclaimer