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レポート概要
| 新型コロナウイルス感染症とロシア・ウクライナ戦争の影響により、ミルクビールのグローバル市場は 2022にxxxドルと推定され、2028年までにxxxドルの規模に達し、2022年から2028年の予測期間中にxxx%のCAGRで成長すると予測されています。 ミルクビールのアメリカ市場は、2023年から2028年の予測期間中にxxx%のCAGRで、2022年xxxドルから2028年xxxドルに達すると推定されています。 ミルクビールの中国市場は、2023年から2028年の予測期間中にxxx%のCAGRで、2022年xxxドルから2028年xxxドルに達すると推定されています。 ミルクビールのヨーロッパ市場は、2023年から2028年の予測期間中にxxx%のCAGRで、2022年xxxドルから2028年xxxドルに達すると推定されています。 生産面において、本レポートは2017年から2022年までのミルクビールの生産、成長率、メーカー別市場シェア、地域別市場シェア、および2028年までの予測を調査しています。販売面において、本レポートは2017年から2022年までの地域別、企業別、タイプ別、アプリケーション別のミルクビールの売上および2028年までの予測に焦点を当てています。 ミルクビールのグローバル主要企業には、Terun、Xiyuchun、Jinhe Milk、New Hope Group、Helens、Ruiyuan、Qiulin、Alilong、Yanjing、Blueribbon、Yiliなどがあります。2021年、世界のトップ5プレイヤーは売上ベースで約xxx％の市場シェアを占めています。 ミルクビール市場は、タイプとアプリケーションによって区分されます。世界のミルクビール市場のプレーヤー、利害関係者、およびその他の参加者は、当レポートを有益なリソースとして使用することで優位に立つことができます。セグメント分析は、2017年～2028年期間のタイプ別およびアプリケーション別の販売量、売上、予測に焦点を当てています。 【タイプ別セグメント】 24槽/ケース、12槽/ケース、その他 【アプリケーション別セグメント】 スーパーマーケット、コンビニエンスストア、その他 【掲載地域】 北米：アメリカ、カナダ ヨーロッパ：ドイツ、フランス、イギリス、イタリア、ロシア アジア太平洋：日本、中国、韓国、インド、オーストラリア、台湾、インドネシア、タイ、マレーシア 中南米：メキシコ、ブラジル、アルゼンチン 中東・アフリカ：トルコ、サウジアラビア、UAE 【目次（一部）】 ・調査の範囲 - ミルクビール製品概要 - タイプ別市場（24槽/ケース、12槽/ケース、その他） - アプリケーション別市場（スーパーマーケット、コンビニエンスストア、その他） - 調査の目的 ・エグゼクティブサマリー - 世界のミルクビール販売量予測2017-2028 - 世界のミルクビール売上予測2017-2028 - ミルクビールの地域別販売量 - ミルクビールの地域別売上 - 北米市場 - ヨーロッパ市場 - アジア太平洋市場 - 中南米市場 - 中東・アフリカ市場 ・メーカーの競争状況 - 主要メーカー別ミルクビール販売量 - 主要メーカー別ミルクビール売上 - 主要メーカー別ミルクビール価格 - 競争状況の分析 - 企業M&A動向 ・タイプ別市場規模（24槽/ケース、12槽/ケース、その他） - ミルクビールのタイプ別販売量 - ミルクビールのタイプ別売上 - ミルクビールのタイプ別価格 ・アプリケーション別市場規模（スーパーマーケット、コンビニエンスストア、その他） - ミルクビールのアプリケーション別販売量 - ミルクビールのアプリケーション別売上 - ミルクビールのアプリケーション別価格 ・北米市場 - 北米のミルクビール市場規模（タイプ別、アプリケーション別） - 主要国別のミルクビール市場規模（アメリカ、カナダ） ・ヨーロッパ市場 - ヨーロッパのミルクビール市場規模（タイプ別、アプリケーション別） - 主要国別のミルクビール市場規模（ドイツ、フランス、イギリス、イタリア、ロシア） ・アジア太平洋市場 - アジア太平洋のミルクビール市場規模（タイプ別、アプリケーション別） - 主要国別のミルクビール市場規模（日本、中国、韓国、インド、オーストラリア、台湾、インドネシア、タイ、マレーシア） ・中南米市場 - 中南米のミルクビール市場規模（タイプ別、アプリケーション別） - 主要国別のミルクビール市場規模（メキシコ、ブラジル、アルゼンチン） ・中東・アフリカ市場 - 中東・アフリカのミルクビール市場規模（タイプ別、アプリケーション別） - 主要国別のミルクビール市場規模（トルコ、サウジアラビア） ・企業情報 Terun、Xiyuchun、Jinhe Milk、New Hope Group、Helens、Ruiyuan、Qiulin、Alilong、Yanjing、Blueribbon、Yili ・産業チェーン及び販売チャネル分析 - ミルクビールの産業チェーン分析 - ミルクビールの原材料 - ミルクビールの生産プロセス - ミルクビールの販売及びマーケティング - ミルクビールの主要顧客 ・マーケットドライバー、機会、課題、リスク要因分析 - ミルクビールの産業動向 - ミルクビールのマーケットドライバー - ミルクビールの課題 - ミルクビールの阻害要因 ・主な調査結果 |
A milk drink containing alcohol
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Product Name estimated at US$ million in the year 2022, is projected to reach a revised size of US$ million by 2028, growing at a CAGR of % during the forecast period 2022-2028.
The USA market for Milk Beer is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The China market for Milk Beer is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The Europe market for Milk Beer is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The global key manufacturers of Milk Beer include Terun, Xiyuchun, Jinhe Milk, New Hope Group, Helens, Ruiyuan, Qiulin, Alilong and Yanjing, etc. In 2021, the global top five players had a share approximately % in terms of revenue.
Report Scope
This latest report researches the industry structure, sales, revenue, price and gross margin. Major producers’ production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Milk Beer manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases.
This report also includes a discussion of the major players across each regional Milk Beer market. Further, it explains the major drivers and regional dynamics of the global Milk Beer market and current trends within the industry.
Key Companies Covered
In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section. Additionally, the specialists have done an all-encompassing analysis of each player. They have also provided reliable sales, revenue, price, market share and rank data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:
Terun
Xiyuchun
Jinhe Milk
New Hope Group
Helens
Ruiyuan
Qiulin
Alilong
Yanjing
Blueribbon
Yili
Market Segments
This report has explored the key segments: by Type and by Application. The lucrativeness and growth potential have been looked into by the industry experts in this report. This report also provides sales, revenue and average price forecast data by specification and by application segments based on sales, price, and value for the period 2017-2028.
Milk Beer Segment by Specification
24Tank/Case
12Tank/Case
Other
Milk Beer Segment by Application
Supermarket
Convenience Stores
Other
Key Regions & Countries
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the value and sales data of each region and country for the period 2017-2028.
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE
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.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Milk Beer market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Report Includes:
This report presents an overview of global market for Milk Beer, sales, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2017 – 2021, estimates for 2022, and projections of CAGR through 2028.
This report researches the key producers of Milk Beer, also provides the sales of main regions and countries. Highlights of the upcoming market potential for Milk Beer, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Milk Beer sales, revenue, market share and industry ranking of main manufacturers, data from 2017 to 2022. Identification of the major stakeholders in the global Milk Beer market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by type and by application, sales, revenue, and price, from 2017 to 2028. Evaluation and forecast the market size for Milk Beer sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Terun, Xiyuchun, Jinhe Milk, New Hope Group, Helens, Ruiyuan, Qiulin, Alilong and Yanjing, etc.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales (consumption), revenue of Milk Beer in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 3: Detailed analysis of Milk Beer manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments according to product types, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments according to application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America by specification, by application and by country, sales and revenue for each segment.
Chapter 7: Europe by specification, by application and by country, sales and revenue for each segment.
Chapter 8: Asia Pacific by specification, by application and by country, sales and revenue for each segment.
Chapter 9: Latin America by specification, by application and by country, sales and revenue for each segment.
Chapter 10: Middle East and Africa by specification, by application and by country, sales and revenue for each segment.
Chapter 11: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Milk Beer sales, revenue, price, gross margin, and recent development, etc.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 13: 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 14: The main points and conclusions of the report.
1 Study Coverage
1.1 Milk Beer Product Introduction
1.2 Market by Specification
1.2.1 Global Milk Beer Market Size Growth Rate by Specification, 2017 VS 2021 VS 2028
1.2.2 24Tank/Case
1.2.3 12Tank/Case
1.2.4 Other
1.3 Market by Application
1.3.1 Global Milk Beer Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
1.3.2 Supermarket
1.3.3 Convenience Stores
1.3.4 Other
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Milk Beer Sales Estimates and Forecasts 2017-2028
2.2 Global Milk Beer Revenue Estimates and Forecasts 2017-2028
2.3 Global Milk Beer Revenue by Region: 2017 VS 2021 VS 2028
2.4 Global Milk Beer Sales by Region
2.4.1 Global Milk Beer Sales by Region (2017-2022)
2.4.2 Global Sales Milk Beer by Region (2023-2028)
2.5 Global Milk Beer Revenue by Region
2.5.1 Global Milk Beer Revenue by Region (2017-2022)
2.5.2 Global Milk Beer Revenue by Region (2023-2028)
2.6 North America
2.7 Europe
2.8 Asia-Pacific
2.9 Latin America
2.10 Middle East & Africa
3 Competition by Manufacturers
3.1 Global Milk Beer Sales by Manufacturers
3.1.1 Global Top Milk Beer Manufacturers by Sales (2017-2022)
3.1.2 Global Milk Beer Sales Market Share by Manufacturers (2017-2022)
3.1.3 Global Top 10 and Top 5 Largest Manufacturers of Milk Beer in 2021
3.2 Global Milk Beer Revenue by Manufacturers
3.2.1 Global Milk Beer Revenue by Manufacturers (2017-2022)
3.2.2 Global Milk Beer Revenue Market Share by Manufacturers (2017-2022)
3.2.3 Global Top 10 and Top 5 Companies by Milk Beer Revenue in 2021
3.3 Global Milk Beer Sales Price by Manufacturers (2017-2022)
3.4 Analysis of Competitive Landscape
3.4.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Milk Beer Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4.3 Global Milk Beer Manufacturers Geographical Distribution
3.5 Mergers & Acquisitions, Expansion Plans
4 Market Size by Specification
4.1 Global Milk Beer Sales by Specification
4.1.1 Global Milk Beer Historical Sales by Specification (2017-2022)
4.1.2 Global Milk Beer Forecasted Sales by Specification (2023-2028)
4.1.3 Global Milk Beer Sales Market Share by Specification (2017-2028)
4.2 Global Milk Beer Revenue by Specification
4.2.1 Global Milk Beer Historical Revenue by Specification (2017-2022)
4.2.2 Global Milk Beer Forecasted Revenue by Specification (2023-2028)
4.2.3 Global Milk Beer Revenue Market Share by Specification (2017-2028)
4.3 Global Milk Beer Price by Specification
4.3.1 Global Milk Beer Price by Specification (2017-2022)
4.3.2 Global Milk Beer Price Forecast by Specification (2023-2028)
5 Market Size by Application
5.1 Global Milk Beer Sales by Application
5.1.1 Global Milk Beer Historical Sales by Application (2017-2022)
5.1.2 Global Milk Beer Forecasted Sales by Application (2023-2028)
5.1.3 Global Milk Beer Sales Market Share by Application (2017-2028)
5.2 Global Milk Beer Revenue by Application
5.2.1 Global Milk Beer Historical Revenue by Application (2017-2022)
5.2.2 Global Milk Beer Forecasted Revenue by Application (2023-2028)
5.2.3 Global Milk Beer Revenue Market Share by Application (2017-2028)
5.3 Global Milk Beer Price by Application
5.3.1 Global Milk Beer Price by Application (2017-2022)
5.3.2 Global Milk Beer Price Forecast by Application (2023-2028)
6 North America
6.1 North America Milk Beer Market Size by Specification
6.1.1 North America Milk Beer Sales by Specification (2017-2028)
6.1.2 North America Milk Beer Revenue by Specification (2017-2028)
6.2 North America Milk Beer Market Size by Application
6.2.1 North America Milk Beer Sales by Application (2017-2028)
6.2.2 North America Milk Beer Revenue by Application (2017-2028)
6.3 North America Milk Beer Market Size by Country
6.3.1 North America Milk Beer Sales by Country (2017-2028)
6.3.2 North America Milk Beer Revenue by Country (2017-2028)
6.3.3 United States
6.3.4 Canada
7 Europe
7.1 Europe Milk Beer Market Size by Specification
7.1.1 Europe Milk Beer Sales by Specification (2017-2028)
7.1.2 Europe Milk Beer Revenue by Specification (2017-2028)
7.2 Europe Milk Beer Market Size by Application
7.2.1 Europe Milk Beer Sales by Application (2017-2028)
7.2.2 Europe Milk Beer Revenue by Application (2017-2028)
7.3 Europe Milk Beer Market Size by Country
7.3.1 Europe Milk Beer Sales by Country (2017-2028)
7.3.2 Europe Milk Beer Revenue by Country (2017-2028)
7.3.3 Germany
7.3.4 France
7.3.5 U.K.
7.3.6 Italy
7.3.7 Russia
8 Asia Pacific
8.1 Asia Pacific Milk Beer Market Size by Specification
8.1.1 Asia Pacific Milk Beer Sales by Specification (2017-2028)
8.1.2 Asia Pacific Milk Beer Revenue by Specification (2017-2028)
8.2 Asia Pacific Milk Beer Market Size by Application
8.2.1 Asia Pacific Milk Beer Sales by Application (2017-2028)
8.2.2 Asia Pacific Milk Beer Revenue by Application (2017-2028)
8.3 Asia Pacific Milk Beer Market Size by Region
8.3.1 Asia Pacific Milk Beer Sales by Region (2017-2028)
8.3.2 Asia Pacific Milk Beer Revenue by Region (2017-2028)
8.3.3 China
8.3.4 Japan
8.3.5 South Korea
8.3.6 India
8.3.7 Australia
8.3.8 China Taiwan
8.3.9 Indonesia
8.3.10 Thailand
8.3.11 Malaysia
9 Latin America
9.1 Latin America Milk Beer Market Size by Specification
9.1.1 Latin America Milk Beer Sales by Specification (2017-2028)
9.1.2 Latin America Milk Beer Revenue by Specification (2017-2028)
9.2 Latin America Milk Beer Market Size by Application
9.2.1 Latin America Milk Beer Sales by Application (2017-2028)
9.2.2 Latin America Milk Beer Revenue by Application (2017-2028)
9.3 Latin America Milk Beer Market Size by Country
9.3.1 Latin America Milk Beer Sales by Country (2017-2028)
9.3.2 Latin America Milk Beer Revenue by Country (2017-2028)
9.3.3 Mexico
9.3.4 Brazil
9.3.5 Argentina
9.3.6 Colombia
10 Middle East and Africa
10.1 Middle East and Africa Milk Beer Market Size by Specification
10.1.1 Middle East and Africa Milk Beer Sales by Specification (2017-2028)
10.1.2 Middle East and Africa Milk Beer Revenue by Specification (2017-2028)
10.2 Middle East and Africa Milk Beer Market Size by Application
10.2.1 Middle East and Africa Milk Beer Sales by Application (2017-2028)
10.2.2 Middle East and Africa Milk Beer Revenue by Application (2017-2028)
10.3 Middle East and Africa Milk Beer Market Size by Country
10.3.1 Middle East and Africa Milk Beer Sales by Country (2017-2028)
10.3.2 Middle East and Africa Milk Beer Revenue by Country (2017-2028)
10.3.3 Turkey
10.3.4 Saudi Arabia
11 Company Profiles
11.1 Terun
11.1.1 Terun Corporation Information
11.1.2 Terun Overview
11.1.3 Terun Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.1.4 Terun Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.1.5 Terun Recent Developments
11.2 Xiyuchun
11.2.1 Xiyuchun Corporation Information
11.2.2 Xiyuchun Overview
11.2.3 Xiyuchun Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.2.4 Xiyuchun Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.2.5 Xiyuchun Recent Developments
11.3 Jinhe Milk
11.3.1 Jinhe Milk Corporation Information
11.3.2 Jinhe Milk Overview
11.3.3 Jinhe Milk Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.3.4 Jinhe Milk Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.3.5 Jinhe Milk Recent Developments
11.4 New Hope Group
11.4.1 New Hope Group Corporation Information
11.4.2 New Hope Group Overview
11.4.3 New Hope Group Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.4.4 New Hope Group Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.4.5 New Hope Group Recent Developments
11.5 Helens
11.5.1 Helens Corporation Information
11.5.2 Helens Overview
11.5.3 Helens Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.5.4 Helens Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.5.5 Helens Recent Developments
11.6 Ruiyuan
11.6.1 Ruiyuan Corporation Information
11.6.2 Ruiyuan Overview
11.6.3 Ruiyuan Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.6.4 Ruiyuan Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.6.5 Ruiyuan Recent Developments
11.7 Qiulin
11.7.1 Qiulin Corporation Information
11.7.2 Qiulin Overview
11.7.3 Qiulin Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.7.4 Qiulin Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.7.5 Qiulin Recent Developments
11.8 Alilong
11.8.1 Alilong Corporation Information
11.8.2 Alilong Overview
11.8.3 Alilong Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.8.4 Alilong Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.8.5 Alilong Recent Developments
11.9 Yanjing
11.9.1 Yanjing Corporation Information
11.9.2 Yanjing Overview
11.9.3 Yanjing Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.9.4 Yanjing Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.9.5 Yanjing Recent Developments
11.10 Blueribbon
11.10.1 Blueribbon Corporation Information
11.10.2 Blueribbon Overview
11.10.3 Blueribbon Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.10.4 Blueribbon Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.10.5 Blueribbon Recent Developments
11.11 Yili
11.11.1 Yili Corporation Information
11.11.2 Yili Overview
11.11.3 Yili Milk Beer Sales, Price, Revenue and Gross Margin (2017-2022)
11.11.4 Yili Milk Beer Product Model Numbers, Pictures, Descriptions and Specifications
11.11.5 Yili Recent Developments
12 Industry Chain and Sales Channels Analysis
12.1 Milk Beer Industry Chain Analysis
12.2 Milk Beer Key Raw Materials
12.2.1 Key Raw Materials
12.2.2 Raw Materials Key Suppliers
12.3 Milk Beer Production Mode & Process
12.4 Milk Beer Sales and Marketing
12.4.1 Milk Beer Sales Channels
12.4.2 Milk Beer Distributors
12.5 Milk Beer Customers
13 Market Drivers, Opportunities, Challenges and Risks Factors Analysis
13.1 Milk Beer Industry Trends
13.2 Milk Beer Market Drivers
13.3 Milk Beer Market Challenges
13.4 Milk Beer Market Restraints
14 Key Findings in The Global Milk Beer Study
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer