Home Advanced Materials Food Blenders and Mixers Market Size, Share and Forecast to 2033

Food Blenders and Mixers Market Size & Outlook, 2025-2033

Food Blenders and Mixers Market Size, Share & Trends Analysis Report By Type (High Shear Mixer, Shaft Mixer, Ribbon Blender, Double Cone Blender, Planetary Mixer, Screw Mixer and Blender, Others), By Application (Bakery Products, Dairy Products, Beverages, Confectionery, Others), By Technology (Batch, Continuous), By Mode of Operation (Automatic, Semi-automatic), By End-User (Household, Commercial), By Distribution Channel (B2B, B2C) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Report Code: SRAM1148DR
Last Updated : May, 2025
Pages : 110
Author : Anantika Sharma
Format : PDF, Excel

Table Of Content

  1. Executive Summary

    1. Research Objectives
    2. Limitations & Assumptions
    3. Market Scope & Segmentation
    4. Currency & Pricing Considered
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Technology Factors
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    1. North America
    2. Europe
    3. APAC
    4. Middle East and Africa
    5. LATAM
  2. ESG Trends

    1. Global Food Blenders and Mixers Market Introduction
    2. By Type
      1. Introduction
        1. Type By Value
      2. High Shear Mixer
        1. By Value
      3. Shaft Mixer
        1. By Value
      4. Ribbon Blender
        1. By Value
      5. Double Cone Blender
        1. By Value
      6. Planetary Mixer
        1. By Value
      7. Screw Mixer and Blender
        1. By Value
      8. Others
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Bakery Products
        1. By Value
      3. Dairy Products
        1. By Value
        2. Milk
          1. Milk By Value
        3. Yogurt
          1. Yogurt By Value
        4. Ice-cream and Frozen Desserts
          1. Ice-cream and Frozen Desserts By Value
        5. Others
          1. Others By Value
      4. Beverages
        1. By Value
        2. Alcoholic Beverages
          1. Alcoholic Beverages By Value
        3. Non-Alcoholic Beverages
          1. Non-Alcoholic Beverages By Value
      5. Confectionery
        1. By Value
      6. Others
        1. By Value
    4. By Technology
      1. Introduction
        1. Technology By Value
      2. Batch
        1. By Value
      3. Continuous
        1. By Value
    5. By Mode of Operation
      1. Introduction
        1. Mode of Operation By Value
      2. Automatic
        1. By Value
      3. Semi-automatic
        1. By Value
    6. By End-User
      1. Introduction
        1. End-User By Value
      2. Household
        1. By Value
      3. Commercial
        1. By Value
    7. By Distribution Channel
      1. Introduction
        1. Distribution Channel By Value
      2. B2B
        1. By Value
      3. B2C
        1. By Value
        2. Store-based Retail
          1. Store-based Retail By Value
          2. Hypermarkets/Supermarkets
            1. Hypermarkets/Supermarkets By Value
          3. Specialty Stores
            1. Specialty Stores By Value
          4. Others
            1. Others By Value
        3. Online Retail
          1. Online Retail By Value
    1. Introduction
    2. By Type
      1. Introduction
        1. Type By Value
      2. High Shear Mixer
        1. By Value
      3. Shaft Mixer
        1. By Value
      4. Ribbon Blender
        1. By Value
      5. Double Cone Blender
        1. By Value
      6. Planetary Mixer
        1. By Value
      7. Screw Mixer and Blender
        1. By Value
      8. Others
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Bakery Products
        1. By Value
      3. Dairy Products
        1. By Value
        2. Milk
          1. Milk By Value
        3. Yogurt
          1. Yogurt By Value
        4. Ice-cream and Frozen Desserts
          1. Ice-cream and Frozen Desserts By Value
        5. Others
          1. Others By Value
      4. Beverages
        1. By Value
        2. Alcoholic Beverages
          1. Alcoholic Beverages By Value
        3. Non-Alcoholic Beverages
          1. Non-Alcoholic Beverages By Value
      5. Confectionery
        1. By Value
      6. Others
        1. By Value
    4. By Technology
      1. Introduction
        1. Technology By Value
      2. Batch
        1. By Value
      3. Continuous
        1. By Value
    5. By Mode of Operation
      1. Introduction
        1. Mode of Operation By Value
      2. Automatic
        1. By Value
      3. Semi-automatic
        1. By Value
    6. By End-User
      1. Introduction
        1. End-User By Value
      2. Household
        1. By Value
      3. Commercial
        1. By Value
    7. By Distribution Channel
      1. Introduction
        1. Distribution Channel By Value
      2. B2B
        1. By Value
      3. B2C
        1. By Value
        2. Store-based Retail
          1. Store-based Retail By Value
          2. Hypermarkets/Supermarkets
            1. Hypermarkets/Supermarkets By Value
          3. Specialty Stores
            1. Specialty Stores By Value
          4. Others
            1. Others By Value
        3. Online Retail
          1. Online Retail By Value
    8. U.S.
      1. By Type
        1. Introduction
          1. Type By Value
        2. High Shear Mixer
          1. By Value
        3. Shaft Mixer
          1. By Value
        4. Ribbon Blender
          1. By Value
        5. Double Cone Blender
          1. By Value
        6. Planetary Mixer
          1. By Value
        7. Screw Mixer and Blender
          1. By Value
        8. Others
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Bakery Products
          1. By Value
        3. Dairy Products
          1. By Value
          2. Milk
            1. Milk By Value
          3. Yogurt
            1. Yogurt By Value
          4. Ice-cream and Frozen Desserts
            1. Ice-cream and Frozen Desserts By Value
          5. Others
            1. Others By Value
        4. Beverages
          1. By Value
          2. Alcoholic Beverages
            1. Alcoholic Beverages By Value
          3. Non-Alcoholic Beverages
            1. Non-Alcoholic Beverages By Value
        5. Confectionery
          1. By Value
        6. Others
          1. By Value
      3. By Technology
        1. Introduction
          1. Technology By Value
        2. Batch
          1. By Value
        3. Continuous
          1. By Value
      4. By Mode of Operation
        1. Introduction
          1. Mode of Operation By Value
        2. Automatic
          1. By Value
        3. Semi-automatic
          1. By Value
      5. By End-User
        1. Introduction
          1. End-User By Value
        2. Household
          1. By Value
        3. Commercial
          1. By Value
      6. By Distribution Channel
        1. Introduction
          1. Distribution Channel By Value
        2. B2B
          1. By Value
        3. B2C
          1. By Value
          2. Store-based Retail
            1. Store-based Retail By Value
            2. Hypermarkets/Supermarkets
              1. Hypermarkets/Supermarkets By Value
            3. Specialty Stores
              1. Specialty Stores By Value
            4. Others
              1. Others By Value
          3. Online Retail
            1. Online Retail By Value
    9. Canada
    1. Introduction
    2. By Type
      1. Introduction
        1. Type By Value
      2. High Shear Mixer
        1. By Value
      3. Shaft Mixer
        1. By Value
      4. Ribbon Blender
        1. By Value
      5. Double Cone Blender
        1. By Value
      6. Planetary Mixer
        1. By Value
      7. Screw Mixer and Blender
        1. By Value
      8. Others
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Bakery Products
        1. By Value
      3. Dairy Products
        1. By Value
        2. Milk
          1. Milk By Value
        3. Yogurt
          1. Yogurt By Value
        4. Ice-cream and Frozen Desserts
          1. Ice-cream and Frozen Desserts By Value
        5. Others
          1. Others By Value
      4. Beverages
        1. By Value
        2. Alcoholic Beverages
          1. Alcoholic Beverages By Value
        3. Non-Alcoholic Beverages
          1. Non-Alcoholic Beverages By Value
      5. Confectionery
        1. By Value
      6. Others
        1. By Value
    4. By Technology
      1. Introduction
        1. Technology By Value
      2. Batch
        1. By Value
      3. Continuous
        1. By Value
    5. By Mode of Operation
      1. Introduction
        1. Mode of Operation By Value
      2. Automatic
        1. By Value
      3. Semi-automatic
        1. By Value
    6. By End-User
      1. Introduction
        1. End-User By Value
      2. Household
        1. By Value
      3. Commercial
        1. By Value
    7. By Distribution Channel
      1. Introduction
        1. Distribution Channel By Value
      2. B2B
        1. By Value
      3. B2C
        1. By Value
        2. Store-based Retail
          1. Store-based Retail By Value
          2. Hypermarkets/Supermarkets
            1. Hypermarkets/Supermarkets By Value
          3. Specialty Stores
            1. Specialty Stores By Value
          4. Others
            1. Others By Value
        3. Online Retail
          1. Online Retail By Value
    8. U.K.
      1. By Type
        1. Introduction
          1. Type By Value
        2. High Shear Mixer
          1. By Value
        3. Shaft Mixer
          1. By Value
        4. Ribbon Blender
          1. By Value
        5. Double Cone Blender
          1. By Value
        6. Planetary Mixer
          1. By Value
        7. Screw Mixer and Blender
          1. By Value
        8. Others
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Bakery Products
          1. By Value
        3. Dairy Products
          1. By Value
          2. Milk
            1. Milk By Value
          3. Yogurt
            1. Yogurt By Value
          4. Ice-cream and Frozen Desserts
            1. Ice-cream and Frozen Desserts By Value
          5. Others
            1. Others By Value
        4. Beverages
          1. By Value
          2. Alcoholic Beverages
            1. Alcoholic Beverages By Value
          3. Non-Alcoholic Beverages
            1. Non-Alcoholic Beverages By Value
        5. Confectionery
          1. By Value
        6. Others
          1. By Value
      3. By Technology
        1. Introduction
          1. Technology By Value
        2. Batch
          1. By Value
        3. Continuous
          1. By Value
      4. By Mode of Operation
        1. Introduction
          1. Mode of Operation By Value
        2. Automatic
          1. By Value
        3. Semi-automatic
          1. By Value
      5. By End-User
        1. Introduction
          1. End-User By Value
        2. Household
          1. By Value
        3. Commercial
          1. By Value
      6. By Distribution Channel
        1. Introduction
          1. Distribution Channel By Value
        2. B2B
          1. By Value
        3. B2C
          1. By Value
          2. Store-based Retail
            1. Store-based Retail By Value
            2. Hypermarkets/Supermarkets
              1. Hypermarkets/Supermarkets By Value
            3. Specialty Stores
              1. Specialty Stores By Value
            4. Others
              1. Others By Value
          3. Online Retail
            1. Online Retail By Value
    9. Germany
    10. France
    11. Spain
    12. Italy
    13. Russia
    14. Nordic
    15. Benelux
    16. Rest of Europe
    1. Introduction
    2. By Type
      1. Introduction
        1. Type By Value
      2. High Shear Mixer
        1. By Value
      3. Shaft Mixer
        1. By Value
      4. Ribbon Blender
        1. By Value
      5. Double Cone Blender
        1. By Value
      6. Planetary Mixer
        1. By Value
      7. Screw Mixer and Blender
        1. By Value
      8. Others
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Bakery Products
        1. By Value
      3. Dairy Products
        1. By Value
        2. Milk
          1. Milk By Value
        3. Yogurt
          1. Yogurt By Value
        4. Ice-cream and Frozen Desserts
          1. Ice-cream and Frozen Desserts By Value
        5. Others
          1. Others By Value
      4. Beverages
        1. By Value
        2. Alcoholic Beverages
          1. Alcoholic Beverages By Value
        3. Non-Alcoholic Beverages
          1. Non-Alcoholic Beverages By Value
      5. Confectionery
        1. By Value
      6. Others
        1. By Value
    4. By Technology
      1. Introduction
        1. Technology By Value
      2. Batch
        1. By Value
      3. Continuous
        1. By Value
    5. By Mode of Operation
      1. Introduction
        1. Mode of Operation By Value
      2. Automatic
        1. By Value
      3. Semi-automatic
        1. By Value
    6. By End-User
      1. Introduction
        1. End-User By Value
      2. Household
        1. By Value
      3. Commercial
        1. By Value
    7. By Distribution Channel
      1. Introduction
        1. Distribution Channel By Value
      2. B2B
        1. By Value
      3. B2C
        1. By Value
        2. Store-based Retail
          1. Store-based Retail By Value
          2. Hypermarkets/Supermarkets
            1. Hypermarkets/Supermarkets By Value
          3. Specialty Stores
            1. Specialty Stores By Value
          4. Others
            1. Others By Value
        3. Online Retail
          1. Online Retail By Value
    8. China
      1. By Type
        1. Introduction
          1. Type By Value
        2. High Shear Mixer
          1. By Value
        3. Shaft Mixer
          1. By Value
        4. Ribbon Blender
          1. By Value
        5. Double Cone Blender
          1. By Value
        6. Planetary Mixer
          1. By Value
        7. Screw Mixer and Blender
          1. By Value
        8. Others
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Bakery Products
          1. By Value
        3. Dairy Products
          1. By Value
          2. Milk
            1. Milk By Value
          3. Yogurt
            1. Yogurt By Value
          4. Ice-cream and Frozen Desserts
            1. Ice-cream and Frozen Desserts By Value
          5. Others
            1. Others By Value
        4. Beverages
          1. By Value
          2. Alcoholic Beverages
            1. Alcoholic Beverages By Value
          3. Non-Alcoholic Beverages
            1. Non-Alcoholic Beverages By Value
        5. Confectionery
          1. By Value
        6. Others
          1. By Value
      3. By Technology
        1. Introduction
          1. Technology By Value
        2. Batch
          1. By Value
        3. Continuous
          1. By Value
      4. By Mode of Operation
        1. Introduction
          1. Mode of Operation By Value
        2. Automatic
          1. By Value
        3. Semi-automatic
          1. By Value
      5. By End-User
        1. Introduction
          1. End-User By Value
        2. Household
          1. By Value
        3. Commercial
          1. By Value
      6. By Distribution Channel
        1. Introduction
          1. Distribution Channel By Value
        2. B2B
          1. By Value
        3. B2C
          1. By Value
          2. Store-based Retail
            1. Store-based Retail By Value
            2. Hypermarkets/Supermarkets
              1. Hypermarkets/Supermarkets By Value
            3. Specialty Stores
              1. Specialty Stores By Value
            4. Others
              1. Others By Value
          3. Online Retail
            1. Online Retail By Value
    9. Korea
    10. Japan
    11. India
    12. Australia
    13. Taiwan
    14. South East Asia
    15. Rest of Asia-Pacific
    1. Introduction
    2. By Type
      1. Introduction
        1. Type By Value
      2. High Shear Mixer
        1. By Value
      3. Shaft Mixer
        1. By Value
      4. Ribbon Blender
        1. By Value
      5. Double Cone Blender
        1. By Value
      6. Planetary Mixer
        1. By Value
      7. Screw Mixer and Blender
        1. By Value
      8. Others
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Bakery Products
        1. By Value
      3. Dairy Products
        1. By Value
        2. Milk
          1. Milk By Value
        3. Yogurt
          1. Yogurt By Value
        4. Ice-cream and Frozen Desserts
          1. Ice-cream and Frozen Desserts By Value
        5. Others
          1. Others By Value
      4. Beverages
        1. By Value
        2. Alcoholic Beverages
          1. Alcoholic Beverages By Value
        3. Non-Alcoholic Beverages
          1. Non-Alcoholic Beverages By Value
      5. Confectionery
        1. By Value
      6. Others
        1. By Value
    4. By Technology
      1. Introduction
        1. Technology By Value
      2. Batch
        1. By Value
      3. Continuous
        1. By Value
    5. By Mode of Operation
      1. Introduction
        1. Mode of Operation By Value
      2. Automatic
        1. By Value
      3. Semi-automatic
        1. By Value
    6. By End-User
      1. Introduction
        1. End-User By Value
      2. Household
        1. By Value
      3. Commercial
        1. By Value
    7. By Distribution Channel
      1. Introduction
        1. Distribution Channel By Value
      2. B2B
        1. By Value
      3. B2C
        1. By Value
        2. Store-based Retail
          1. Store-based Retail By Value
          2. Hypermarkets/Supermarkets
            1. Hypermarkets/Supermarkets By Value
          3. Specialty Stores
            1. Specialty Stores By Value
          4. Others
            1. Others By Value
        3. Online Retail
          1. Online Retail By Value
    8. UAE
      1. By Type
        1. Introduction
          1. Type By Value
        2. High Shear Mixer
          1. By Value
        3. Shaft Mixer
          1. By Value
        4. Ribbon Blender
          1. By Value
        5. Double Cone Blender
          1. By Value
        6. Planetary Mixer
          1. By Value
        7. Screw Mixer and Blender
          1. By Value
        8. Others
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Bakery Products
          1. By Value
        3. Dairy Products
          1. By Value
          2. Milk
            1. Milk By Value
          3. Yogurt
            1. Yogurt By Value
          4. Ice-cream and Frozen Desserts
            1. Ice-cream and Frozen Desserts By Value
          5. Others
            1. Others By Value
        4. Beverages
          1. By Value
          2. Alcoholic Beverages
            1. Alcoholic Beverages By Value
          3. Non-Alcoholic Beverages
            1. Non-Alcoholic Beverages By Value
        5. Confectionery
          1. By Value
        6. Others
          1. By Value
      3. By Technology
        1. Introduction
          1. Technology By Value
        2. Batch
          1. By Value
        3. Continuous
          1. By Value
      4. By Mode of Operation
        1. Introduction
          1. Mode of Operation By Value
        2. Automatic
          1. By Value
        3. Semi-automatic
          1. By Value
      5. By End-User
        1. Introduction
          1. End-User By Value
        2. Household
          1. By Value
        3. Commercial
          1. By Value
      6. By Distribution Channel
        1. Introduction
          1. Distribution Channel By Value
        2. B2B
          1. By Value
        3. B2C
          1. By Value
          2. Store-based Retail
            1. Store-based Retail By Value
            2. Hypermarkets/Supermarkets
              1. Hypermarkets/Supermarkets By Value
            3. Specialty Stores
              1. Specialty Stores By Value
            4. Others
              1. Others By Value
          3. Online Retail
            1. Online Retail By Value
    9. Turkey
    10. Saudi Arabia
    11. South Africa
    12. Egypt
    13. Nigeria
    14. Rest of MEA
    1. Introduction
    2. By Type
      1. Introduction
        1. Type By Value
      2. High Shear Mixer
        1. By Value
      3. Shaft Mixer
        1. By Value
      4. Ribbon Blender
        1. By Value
      5. Double Cone Blender
        1. By Value
      6. Planetary Mixer
        1. By Value
      7. Screw Mixer and Blender
        1. By Value
      8. Others
        1. By Value
    3. By Application
      1. Introduction
        1. Application By Value
      2. Bakery Products
        1. By Value
      3. Dairy Products
        1. By Value
        2. Milk
          1. Milk By Value
        3. Yogurt
          1. Yogurt By Value
        4. Ice-cream and Frozen Desserts
          1. Ice-cream and Frozen Desserts By Value
        5. Others
          1. Others By Value
      4. Beverages
        1. By Value
        2. Alcoholic Beverages
          1. Alcoholic Beverages By Value
        3. Non-Alcoholic Beverages
          1. Non-Alcoholic Beverages By Value
      5. Confectionery
        1. By Value
      6. Others
        1. By Value
    4. By Technology
      1. Introduction
        1. Technology By Value
      2. Batch
        1. By Value
      3. Continuous
        1. By Value
    5. By Mode of Operation
      1. Introduction
        1. Mode of Operation By Value
      2. Automatic
        1. By Value
      3. Semi-automatic
        1. By Value
    6. By End-User
      1. Introduction
        1. End-User By Value
      2. Household
        1. By Value
      3. Commercial
        1. By Value
    7. By Distribution Channel
      1. Introduction
        1. Distribution Channel By Value
      2. B2B
        1. By Value
      3. B2C
        1. By Value
        2. Store-based Retail
          1. Store-based Retail By Value
          2. Hypermarkets/Supermarkets
            1. Hypermarkets/Supermarkets By Value
          3. Specialty Stores
            1. Specialty Stores By Value
          4. Others
            1. Others By Value
        3. Online Retail
          1. Online Retail By Value
    8. Brazil
      1. By Type
        1. Introduction
          1. Type By Value
        2. High Shear Mixer
          1. By Value
        3. Shaft Mixer
          1. By Value
        4. Ribbon Blender
          1. By Value
        5. Double Cone Blender
          1. By Value
        6. Planetary Mixer
          1. By Value
        7. Screw Mixer and Blender
          1. By Value
        8. Others
          1. By Value
      2. By Application
        1. Introduction
          1. Application By Value
        2. Bakery Products
          1. By Value
        3. Dairy Products
          1. By Value
          2. Milk
            1. Milk By Value
          3. Yogurt
            1. Yogurt By Value
          4. Ice-cream and Frozen Desserts
            1. Ice-cream and Frozen Desserts By Value
          5. Others
            1. Others By Value
        4. Beverages
          1. By Value
          2. Alcoholic Beverages
            1. Alcoholic Beverages By Value
          3. Non-Alcoholic Beverages
            1. Non-Alcoholic Beverages By Value
        5. Confectionery
          1. By Value
        6. Others
          1. By Value
      3. By Technology
        1. Introduction
          1. Technology By Value
        2. Batch
          1. By Value
        3. Continuous
          1. By Value
      4. By Mode of Operation
        1. Introduction
          1. Mode of Operation By Value
        2. Automatic
          1. By Value
        3. Semi-automatic
          1. By Value
      5. By End-User
        1. Introduction
          1. End-User By Value
        2. Household
          1. By Value
        3. Commercial
          1. By Value
      6. By Distribution Channel
        1. Introduction
          1. Distribution Channel By Value
        2. B2B
          1. By Value
        3. B2C
          1. By Value
          2. Store-based Retail
            1. Store-based Retail By Value
            2. Hypermarkets/Supermarkets
              1. Hypermarkets/Supermarkets By Value
            3. Specialty Stores
              1. Specialty Stores By Value
            4. Others
              1. Others By Value
          3. Online Retail
            1. Online Retail By Value
    9. Mexico
    10. Argentina
    11. Chile
    12. Colombia
    13. Rest of LATAM
    1. Food Blenders and Mixers Market Share By Players
    2. M&A Agreements & Collaboration Analysis
    1. GEA Group Aktiengesellschaft (Germany)
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. SWOT Analysis
      6. Recent Developments
    2. Tetra Laval International S.A. (Switzerland)
    3. Krones AG (Germany)
    4. SPX Flow Inc (U.S.)
    5. Marel HF (Iceland)
    6. Sulzer Ltd. (Switzerland)
    7. Buhler Industries Inc (Switzerland)
    8. John Bean Technologies Corporation (U.S.)
    9. KHS GmbH (Germany)
    10. Hosokawa Micron Limited (Japan)
    11. Paul Mueller Co (U.S.)
    12. Alfa Laval Corporate AB (Sweden)
    13. EKATO Holding GmbH (Germany)
    14. Philadelphia Mixing Solutions Ltd. (U.S.)
    15. Diosna GmbH (Germany)
    16. SilversonMachines Inc. (United Kingdom)
    17. Fristam Pumps (U.S.)
    18. Pentair PLC (The Netherlands)
    19. ARDE Barinco (U.S.)
    20. General Machine Company (GEMCo) (U.S.)
    1. Research Data
      1. Secondary Data
        1. Major secondary sources
        2. Key data from secondary sources
      2. Primary Data
        1. Key data from primary sources
        2. Breakdown of primaries
      3. Secondary And Primary Research
        1. Key industry insights
    2. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    3. Research Assumptions
      1. Assumptions
    4. Limitations
    5. Risk Assessment
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  3. Disclaimer

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