Brazil Organic Food Market By Category (Fruits & Vegetables, Dairy Products, Meat, Fish & Poultry, and Others), By Process (Processed and Unprocessed), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online, and Others (

Brazil Organic Food Market By Category (Fruits & Vegetables, Dairy Products, Meat, Fish & Poultry, and Others), By Process (Processed and Unprocessed), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online, and Others (Direct Sales, etc.)), By Region, By Competition Forecast & Opportunities, 2018-2028F


Brazil Organic Food Market has valued at USD 2.55 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 19.91% through 2028. The organic food market in Brazil has witnessed remarkable growth in recent years, reflecting changing consumer preferences and increasing awareness of the importance of sustainable and healthy eating. With a diverse landscape and a rich agricultural tradition, Brazil is uniquely positioned to produce a wide variety of organic products.

Brazil's organic food market has experienced steady growth, driven by rising health consciousness and environmental concerns.

Increasing awareness about the harmful effects of chemical pesticides and synthetic additives in conventional food products has led many consumers to switch to organic alternatives. Brazilian consumers are becoming more informed about the benefits of organic food for their health and the environment.

Brazil's expansive geography and favorable climate allow for the production of a wide range of organic products, including coffee, fruits, vegetables, grains, meat, and dairy. This diversity contributes to the market's robustness.

The Brazilian government has implemented policies and regulations to support organic farming, including certification processes and financial incentives for organic producers. These initiatives have bolstered the growth of the organic sector.

Brazil is also a significant exporter of organic products. Its reputation for producing high-quality organic coffee, nuts, and fruits has positioned it as a key player in the global organic food market.

Major supermarket chains and specialty organic stores are expanding their organic product offerings to meet the increasing demand. Online platforms have also emerged as a convenient way for consumers to access organic products.

Despite the growth, challenges such as price premiums for organic products and the need for improved infrastructure in rural areas persist. Additionally, there is a need for stronger organic certification and labeling standards to enhance consumer trust.

Brazilian organic farmers prioritize sustainable farming practices, including crop rotation, reduced chemical use, and soil conservation. This aligns with global sustainability goals and resonates with eco-conscious consumers.

In conclusion, the organic food market in Brazil is experiencing robust growth, driven by consumer awareness, government support, and a diverse product range. As consumers continue to seek healthier and environmentally friendly options, the Brazilian organic food market is poised for continued expansion, making it a vital player in the global organic food industry. Organic farming practices, coupled with consumer demand, have the potential to drive positive change in the agricultural sector and contribute to a more sustainable and healthier future for Brazil and beyond.

Key Market Drivers

Health Consciousness and Wellness Trends

One of the primary drivers behind the growth of the organic food market in Brazil is the increasing health consciousness among consumers. Brazilian consumers are becoming more aware of the connection between their diet and overall well-being. As a result, they are seeking healthier and more natural alternatives to conventional food products.

Organic foods are perceived as healthier options as they are produced without the use of synthetic pesticides, herbicides, or genetically modified organisms (GMOs). Consumers are drawn to organic products because they offer the promise of lower chemical residues and a reduced risk of health issues associated with pesticide exposure. Additionally, organic foods are often richer in nutrients and antioxidants, further enhancing their appeal to health-conscious individuals.

The wellness trend has also played a significant role in the growth of the organic food market. Consumers are willing to invest in their health and are increasingly willing to pay a premium for organic products, viewing them as a way to support their overall well-being. This shift in consumer behavior has prompted both domestic and international producers to invest in organic farming and expand their organic product offerings in Brazil.

Environmental Awareness and Sustainable Agriculture

Brazil's organic food market growth is closely linked to increasing environmental awareness and a growing concern for sustainable agricultural practices. Consumers are recognizing the environmental impacts of conventional farming, such as soil degradation, water pollution, and deforestation, and are seeking alternatives that are more eco-friendly.

Organic farming practices emphasize sustainability by using natural fertilizers, crop rotation, and other techniques that minimize harm to the environment. This aligns with the values of consumers who are concerned about climate change and the preservation of natural ecosystems. As a result, many consumers are choosing organic products not only for their personal health but also to support environmentally friendly practices.

The Brazilian government has also recognized the importance of sustainable agriculture and has implemented policies to promote organic farming. This includes providing incentives for organic certification and supporting research on organic farming methods. These initiatives have further propelled the organic food market's growth by making it more accessible and appealing to both producers and consumers.

Expansion of Distribution Channels

The third driver fueling the growth of the organic food market in Brazil is the expansion of distribution channels. Traditionally, organic products were primarily available in specialty health food stores and farmers' markets. However, as consumer demand has increased, organic products have become more widely accessible.

Major supermarket chains and grocery stores have recognized the potential of the organic market and have started stocking organic products. This increased availability has made it easier for consumers to incorporate organic foods into their daily diets. Additionally, online shopping platforms have played a crucial role in expanding the reach of organic products, allowing consumers to conveniently purchase organic goods from the comfort of their homes.

Furthermore, Brazil has seen a rise in the number of organic food delivery services, making it even more convenient for consumers to access organic products. These expanded distribution channels have played a pivotal role in making organic foods more mainstream and accessible, thereby driving market growth.

Key Market Challenges

Regulatory and Certification Hurdles

One of the most significant challenges in the Brazilian organic food market is the complex and often inconsistent regulatory framework. To be certified organic, a product must adhere to rigorous standards and undergo thorough inspections. However, the regulatory landscape is fragmented, involving multiple government agencies, each with its own certification process. This lack of harmonization creates confusion and inefficiencies for both producers and consumers.

The inconsistency in certification standards is further exacerbated by the presence of fraudulent organic products in the market. Some unscrupulous producers label their products as organic without meeting the necessary criteria, undermining consumer trust and damaging the reputation of the entire industry. This challenge highlights the need for a unified, transparent, and stringent regulatory framework to ensure the authenticity of organic products.

Supply Chain and Distribution Challenges

The organic food supply chain in Brazil faces a range of challenges, primarily due to the country's vast size and diverse geography. Transporting organic products from remote regions to urban markets can be logistically challenging and costly. Furthermore, the lack of infrastructure and storage facilities in some areas can result in product spoilage and wastage.

Another issue relates to the limited availability of organic raw materials. Farmers often struggle to access organic seeds, fertilizers, and pest control methods, hindering the expansion of organic agriculture. Additionally, the distribution network for organic products is not as developed as that of conventional products, making it difficult for consumers to find a wide variety of organic options in supermarkets.

Consumer Awareness and Price Sensitivity

While awareness of organic products is on the rise in Brazil, many consumers are still relatively uninformed about the benefits and significance of organic foods. As a result, they may be reluctant to pay the premium prices often associated with organic products. This price sensitivity poses a significant challenge for organic producers who must balance the need for profitability with the need to attract a broader customer base.

Moreover, there is a misconception that organic products are exclusively for the affluent. This misconception further limits the market's potential for growth. Initiatives to educate consumers about the value of organic products, their health benefits, and their positive environmental impact are essential to overcome this challenge.

Key Market Trends

Growing Consumer Awareness and Health Consciousness

One of the most prominent trends in the Brazil organic food market is the growing consumer awareness and health consciousness. Brazilians are becoming more mindful of their food choices, seeking products that are free from synthetic pesticides, chemical additives, and genetically modified organisms (GMOs). This shift is driven by concerns about the potential health risks associated with conventional agriculture practices.

Consumers are increasingly opting for organic fruits, vegetables, dairy products, and meat due to the perception that they are healthier and more nutritious. This trend has led to an expansion of the organic food market, with more farmers and food producers adopting organic farming practices to meet the rising demand.

Additionally, the COVID-19 pandemic has reinforced the importance of a strong immune system, further driving the demand for organic foods believed to be healthier and safer. As a result, health-conscious consumers are willing to pay premium prices for organic products, boosting the profitability of the sector.

Sustainable and Ethical Consumption

Another significant trend in the Brazil organic food market is the emphasis on sustainability and ethical consumption. Consumers are increasingly concerned about the environmental impact of their food choices, leading to a preference for products that are produced in an environmentally friendly manner. Organic farming practices, which prioritize soil health and biodiversity, align with these sustainability goals.

Furthermore, ethical considerations are influencing purchasing decisions. Consumers want to support fair labor practices and companies that prioritize social responsibility. This has led to an interest in organic products that are certified not only for their environmental sustainability but also for fair labor practices.

The rise of sustainable and ethical consumption has encouraged organic food producers to adopt transparent supply chain practices, emphasizing their commitment to responsible sourcing and production. Brands that can effectively communicate their sustainability and ethical efforts often enjoy a competitive advantage in the market.

E-commerce and Digital Transformation

The digital transformation of the Brazil organic food market is the third significant trend we will explore. E-commerce has gained tremendous momentum, especially during the COVID-19 pandemic, as consumers increasingly turn to online platforms to purchase organic products. The convenience of online shopping, coupled with the ability to access a wider variety of organic products, has fueled this trend.

E-commerce platforms offer consumers the convenience of ordering organic foods from the comfort of their homes, with options for home delivery. Additionally, these platforms provide a wealth of information about products, certifications, and reviews, enabling consumers to make informed choices.

For organic food producers and retailers, e-commerce presents a lucrative opportunity to reach a broader customer base. Many organic brands are investing in their online presence, creating e-commerce websites and partnering with established online marketplaces. This trend is expected to continue, with technology and logistics advancements further enhancing the e-commerce experience for both consumers and businesses.

Segmental Insights

Category Insights

Organic fruits and vegetables have experienced a remarkable surge in popularity and demand in the Brazil organic food market. With consumers increasingly prioritizing health and sustainability, organic produce has captured a significant share of the market, reflecting a broader global trend towards more conscious and environmentally friendly food choices.

One of the key drivers behind the growing popularity of organic fruits and vegetables in Brazil is the increasing awareness of the potential health benefits they offer. Consumers are becoming more conscious of the harmful effects of pesticides, synthetic fertilizers, and genetically modified organisms (GMOs) present in conventional agriculture. Organic farming, on the other hand, avoids the use of synthetic chemicals, ensuring that fruits and vegetables are grown in a more natural and wholesome way. This has led to a surge in demand for organic options among health-conscious consumers.

Moreover, the Brazilian government has implemented policies and regulations to support the organic farming sector, making it more accessible and viable for farmers. This has encouraged more farmers to transition to organic practices, leading to increased availability and variety of organic fruits and vegetables in the market. As a result, consumers have more choices when it comes to purchasing organic produce.

Another significant factor contributing to the growth of organic fruits and vegetables in Brazil is the emphasis on sustainability and environmental responsibility. Consumers are increasingly concerned about the impact of conventional agriculture on the environment, such as soil degradation, water pollution, and deforestation. Organic farming practices, which prioritize soil health, biodiversity, and sustainable land management, align better with these environmental concerns, appealing to eco-conscious consumers.

The rise of e-commerce platforms and specialty organic stores has also made it easier for consumers to access organic produce, further boosting its market share. These platforms provide a convenient way for consumers to order organic fruits and vegetables directly from farmers or certified organic suppliers, expanding the reach of organic products beyond traditional brick-and-mortar stores.

Furthermore, the COVID-19 pandemic has underscored the importance of a strong immune system, driving many consumers to opt for nutrient-rich organic fruits and vegetables to support their health. The pandemic has highlighted the importance of a resilient food supply chain, leading consumers to seek out local and organic options as a more sustainable and reliable choice.

In conclusion, organic fruits and vegetables have gained a significant share in the Brazil organic food market due to increasing health consciousness, government support, sustainability concerns, improved accessibility, and the impact of the COVID-19 pandemic. This trend is likely to continue as consumers prioritize both their well-being and the health of the planet, making organic produce a vital and growing segment of the Brazilian food market.

Sales Channel Insights

Online sales channels have experienced remarkable growth in the Brazil Organic Food Market, occupying a substantial share in recent years. This trend can be attributed to several factors that have converged to create a thriving online marketplace for organic food products.

First and foremost, the increasing awareness of health and sustainability among consumers has driven the demand for organic foods. As people become more conscious of the potential harm posed by pesticides and genetically modified organisms (GMOs), they are seeking healthier and environmentally friendly food alternatives. This heightened awareness has significantly contributed to the growth of the organic food market in Brazil.

The convenience and accessibility offered by online sales channels have played a pivotal role in their success. In a vast country like Brazil, where physical stores might not always be easily accessible, online platforms provide consumers with a convenient way to access a wide range of organic products from the comfort of their homes. This convenience has proven especially crucial during the COVID-19 pandemic when many consumers turned to online shopping to minimize physical interactions.

Moreover, the online sales channel has leveraged technological advancements to enhance the shopping experience. Mobile apps, user-friendly websites, and secure payment options have made it easier for consumers to browse, select, and purchase organic products. Additionally, many online retailers offer detailed product descriptions, reviews, and certifications, helping consumers make informed choices about their organic purchases.

Price competitiveness has also contributed to the significant share of online sales in the Brazil Organic Food Market. Online retailers can often offer competitive prices due to reduced overhead costs compared to brick-and-mortar stores. Frequent discounts, special promotions, and loyalty programs further entice consumers to shop online for organic foods.

Furthermore, the ability to reach a broader audience through e-commerce has enabled organic food producers and suppliers to expand their market reach. Small-scale farmers and artisanal producers, who might have struggled to gain visibility in traditional retail settings, can now reach a nationwide and even international customer base through online sales channels.

In conclusion, the online sales channel's significant share in the Brazil Organic Food Market reflects a combination of factors, including increased consumer awareness, convenience, technology-driven enhancements, price competitiveness, and expanded market reach for producers. As the demand for organic food continues to rise and as online shopping becomes more ingrained in consumers' habits, this sales channel is poised to maintain and potentially expand its dominance in the Brazilian organic food sector. It is an exciting time for both consumers seeking healthier choices and producers looking to tap into the growing organic market.

Regional Insights

The Southeast region of Brazil is emerging as a dominant player in the country's organic food market, holding a significant share that reflects a growing trend towards healthier and more sustainable food choices. Comprising the states of São Paulo, Rio de Janeiro, Minas Gerais, and Espírito Santo, this region is not only the economic and industrial powerhouse of Brazil but is also becoming a hub for organic agriculture and food production.

Several factors contribute to the Southeast's prominence in the Brazilian organic food market. First and foremost, the region's favorable climate and diverse geography provide an ideal environment for organic farming. With ample sunshine and ample rainfall, the Southeast offers a variety of agricultural landscapes, from fertile plains to lush hillsides, making it possible to cultivate a wide range of organic crops and livestock.

São Paulo, the largest city in Brazil and the economic epicenter of the country, is home to a growing number of health-conscious consumers who are increasingly turning to organic foods. This demand is being met by a burgeoning community of organic farmers and producers in the surrounding countryside. São Paulo State alone boasts numerous organic farms, producing everything from fruits and vegetables to dairy products and meat.

Moreover, the region's transportation and infrastructure networks make it easier for organic products to reach urban markets efficiently. The well-developed road and rail systems facilitate the movement of goods from rural areas to urban centers, ensuring that fresh organic produce remains accessible to a broad consumer base.

Additionally, the Southeast's universities and research institutions are actively engaged in promoting organic agriculture. They provide valuable support through research, training, and knowledge dissemination to farmers interested in adopting sustainable and organic farming practices. This collaboration has led to innovations in organic farming techniques, further boosting the region's organic food production.

The Southeast's commitment to sustainability extends beyond agriculture to include eco-friendly packaging and distribution methods. This holistic approach resonates with consumers who are not only seeking organic products but also demanding environmentally responsible practices throughout the supply chain.

In conclusion, the Southeast region of Brazil has become a significant player in the country's organic food market due to its conducive climate, robust infrastructure, growing consumer demand, and a proactive approach to sustainability. As more consumers prioritize health and environmental concerns, the Southeast's prominence in the organic food sector is likely to continue expanding, making it a key contributor to the broader global organic food movement. This region's dedication to organic agriculture not only benefits the local economy but also sets an inspiring example for sustainable food production nationwide.

Key Market Players

Apis Vida Industria e Comercio Produtos Farmaceuticos Ltda

Be Ingredient (Britvic PLC)

Camil Alimentos SA (Camil Investimentos SA)

Jatobá Produtos Agroecológicas

KORIN Agricultura Natural

Jasmine Alimentos Ltda. (Otsuka Pharmaceutical Co. Ltd)

Mae Terra Produtos Naturais Ltda (SOLO ATS Participações do Brasil S.A)

Usina São Francisco SA (Balbo Economic Group)

Native Organics

Grupo Pão de Açúcar (GPA)

Report Scope:

In this report, the Brazil Organic Food market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • Brazil Organic Food Market, By Category:
  • Fruits & Vegetables
  • Dairy Products
  • Meat
  • Fish & Poultry
  • Others
  • Brazil Organic Food Market, By Process:
  • Processed
  • Unprocessed
  • Brazil Organic Food Market, By Sales Channel:
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online
  • Others
  • Brazil Organic Food Market, By Region:
  • South
  • Southeast
  • North
  • Northeast
  • Central-West
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Brazil organic food market.

Brazil Organic Food Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Challenges Faced Post Purchase
4.3. Brand Awareness
5. Brazil Organic Food Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Category Market Share Analysis (Fruits & Vegetables, Dairy Products, Meat, Fish & Poultry, and Others)
5.2.2. By Process Market Share Analysis (Processed and Unprocessed)
5.2.3. By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online, and Others (Direct Sales, etc.))
5.2.4. By Regional Market Share Analysis
5.2.4.1. North Market Share Analysis
5.2.4.2. Northeast Market Share Analysis
5.2.4.3. South Market Share Analysis
5.2.4.4. Southeast Market Share Analysis
5.2.4.5. Central-West Market Share Analysis
5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Brazil Organic Food Market Mapping & Opportunity Assessment
5.3.1. By Category Market Mapping & Opportunity Assessment
5.3.2. By Process Market Mapping & Opportunity Assessment
5.3.3. By Sales Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. Brazil Organic Fruits & Vegetables Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Process Market Share Analysis
6.2.2. By Sales Channel Market Share Analysis
6.2.3. By Region Market Share Analysis
7. Brazil Organic Dairy Products Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Process Market Share Analysis
7.2.2. By Sales Channel Market Share Analysis
7.2.3. By Region Market Share Analysis
8. Brazil Organic Meat Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Process Market Share Analysis
8.2.2. By Sales Channel Market Share Analysis
8.2.3. By Region Market Share Analysis
9. Brazil Organic Fish & Poultry Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Process Market Share Analysis
9.2.2. By Sales Channel Market Share Analysis
9.2.3. By Region Market Share Analysis
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Impact of COVID-19 on Brazil Organic Food Market
11.1. Impact Assessment Model
11.1.1. Key Segments Impacted
11.1.2. Key Regions Impacted
12. Market Trends & Developments
13. Porter’s Five Forces Model
13.1. Competitive Rivalry
13.2. Bargaining Power of Buyers
13.3. Bargaining Power of Suppliers
13.4. Threat of New Entrants
13.5. Threat of Substitutes
14. SWOT Analysis
14.1. Strengths
14.2. Weaknesses
14.3. Opportunities
14.4. Threats
15. Policy and Regulatory Landscape
16. Brazil Economic Profile
17. Competitive Landscape
17.1. Company Profiles
17.1.1. Apis Vida Industria e Comercio Produtos Farmaceuticos Ltda
17.1.1.1. Company Details
17.1.1.2. Product & Services
17.1.1.3. Financials (As Per Availability)
17.1.1.4. Key market Focus & Geographical Presence
17.1.1.5. Recent Developments
17.1.1.6. Key Management Personnel
17.1.2. Be Ingredient (Britvic PLC)
17.1.2.1. Company Details
17.1.2.2. Product & Services
17.1.2.3. Financials (As Per Availability)
17.1.2.4. Key market Focus & Geographical Presence
17.1.2.5. Recent Developments
17.1.2.6. Key Management Personnel
17.1.3. Camil Alimentos SA (Camil Investimentos SA)
17.1.3.1. Company Details
17.1.3.2. Product & Services
17.1.3.3. Financials (As Per Availability)
17.1.3.4. Key market Focus & Geographical Presence
17.1.3.5. Recent Developments
17.1.3.6. Key Management Personnel
17.1.4. Jatobá Produtos Agroecológicas
17.1.4.1. Company Details
17.1.4.2. Product & Services
17.1.4.3. Financials (As Per Availability)
17.1.4.4. Key market Focus & Geographical Presence
17.1.4.5. Recent Developments
17.1.4.6. Key Management Personnel
17.1.5. KORIN Agricultura Natural
17.1.5.1. Company Details
17.1.5.2. Product & Services
17.1.5.3. Financials (As Per Availability)
17.1.5.4. Key market Focus & Geographical Presence
17.1.5.5. Recent Developments
17.1.5.6. Key Management Personnel
17.1.6. Jasmine Alimentos Ltda. (Otsuka Pharmaceutical Co. Ltd)
17.1.6.1. Company Details
17.1.6.2. Product & Services
17.1.6.3. Financials (As Per Availability)
17.1.6.4. Key market Focus & Geographical Presence
17.1.6.5. Recent Developments
17.1.6.6. Key Management Personnel
17.1.7. Mae Terra Produtos Naturais Ltda (SOLO ATS Participações do Brasil S.A)
17.1.7.1. Company Details
17.1.7.2. Product & Services
17.1.7.3. Financials (As Per Availability)
17.1.7.4. Key market Focus & Geographical Presence
17.1.7.5. Recent Developments
17.1.7.6. Key Management Personnel
17.1.8. Usina São Francisco SA (Balbo Economic Group)
17.1.8.1. Company Details
17.1.8.2. Product & Services
17.1.8.3. Financials (As Per Availability)
17.1.8.4. Key market Focus & Geographical Presence
17.1.8.5. Recent Developments
17.1.8.6. Key Management Personnel
17.1.9. Native Organics
17.1.9.1. Company Details
17.1.9.2. Product & Services
17.1.9.3. Financials (As Per Availability)
17.1.9.4. Key market Focus & Geographical Presence
17.1.9.5. Recent Developments
17.1.9.6. Key Management Personnel
17.1.10. Grupo Pão de Açúcar (GPA)
17.1.10.1. Company Details
17.1.10.2. Product & Services
17.1.10.3. Financials (As Per Availability)
17.1.10.4. Key market Focus & Geographical Presence
17.1.10.5. Recent Developments
17.1.10.6. Key Management Personnel
18. Strategic Recommendations
18.1. Key Focus Areas
18.2. Target Category
18.3. Target Sales Channel
19. About Us & Disclaimer

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