Analyst Perspective
The global cocoa butter market is estimated to register a CAGR of 7%. The cocoa butter market is experiencing growth, primarily driven by the rising demand for cocoa products in the confectionary sector, spurred by innovative confectionary items. Cocoa butter is valued for preventing hair loss, addressing skin irritation, and promoting overall skin health. Fluctuations in price, sustainability concerns, and competition from substitutes are significant challenges faced by the cocoa butter market, which may hamper the growth of the cocoa butter market. Growing demand for chocolate, rising consumer awareness, and a focus on sustainability are growth-driven opportunities for the cocoa butter market. Product innovation and technology also drive the cocoa butter market's growth. The cocoa butter market is characterized by its versatility, with applications from confectionery to skincare products.
Market Overview
Cocoa butter is an edible vegetable fat extracted from the cocoa beans. Novelty confectionary items have fuelled the demand for cocoa products like cocoa butter, liquor, and cocoa powder. With increased cocoa bean processing, cocoa butter, a by-product, is expected to grow. Advancements in processing technologies improve efficiency, reduce waste, and ensure consistent quality, potentially lowering production costs and boosting supply. Increasing consumer awareness regarding cocoa butter's nutritional and therapeutic benefits and rising demand for chocolate, frozen desserts, and nutritional drinks are expected to drive market growth.
Market Drivers
- Chocolate is the largest and most important application for cocoa butter. The growth is driven by several factors, including rising disposable incomes, increasing urbanization, and growing awareness of the health benefits of dark chocolate.
- Cocoa butter is a popular cosmetic ingredient due to its moisturizing and emollient properties. It is used in many products, including lotions, creams, soaps, and lipsticks. The rising demand for natural and organic cosmetics is also driving the use of cocoa butter in the market.
- Cocoa butter is a good source of healthy fats, including oleic acid, which has been shown to have several health benefits, such as reducing the risk of heart disease and stroke. This growing awareness increases the demand for cocoa butter in food and pharmaceuticals.
Market Segmentation
The global cocoa butter market is segmented based on form, category, and application. The global cocoa butter market is segmented based on form into solid and liquid. The global cocoa butter market is segmented based on category into organic and conventional. The global cocoa butter market is segmented based on application into food and beverage, pharmaceuticals and nutraceuticals, personal care, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global cocoa butter market based on several segments. It also provides market size and forecast estimates from 2020 to 2030 concerning five major regions: North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The Cocoa butter market by region is also sub-segmented by respective countries and segments. The cocoa butter market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the cocoa butter market from both the demand and supply sides. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the cocoa butter market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the cocoa butter market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations, and acquisitions. These activities have paved the way for the development of the business and customer base of market players. The market players in the Cocoa butter market are anticipated to have lucrative growth opportunities with the increasing demand for versatile products in the global market.
The report includes key companies' profiles, SWOT analysis, and Cocoa butter market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the cocoa butter market.
- Cargill inc
- Barry Callebaut Ag
- Cocoafamily
- Dutch Cocoa B.V
- Ephoka
- Jb Foods Limited
- Jindal Cocoa
- Moner Coca S.A.
- Natra
- Olam International Limited
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cocoa Butter Market - By Category
1.3.2 Cocoa Butter Market - By Form
1.3.3 Cocoa Butter Market - By Application
1.3.4 Cocoa Butter Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COCOA BUTTER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. COCOA BUTTER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COCOA BUTTER MARKET - GLOBAL MARKET ANALYSIS
6.1. COCOA BUTTER - GLOBAL MARKET OVERVIEW
6.2. COCOA BUTTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. COCOA BUTTER MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. COCOA BUTTER MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. BLOCKS
8.3.1. Overview
8.3.2. Blocks Market Forecast and Analysis
8.4. POWDER
8.4.1. Overview
8.4.2. Powder Market Forecast and Analysis
8.5. LIQUID
8.5.1. Overview
8.5.2. Liquid Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. COCOA BUTTER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. BAKERY AND CONFECTIONERY
9.3.1. Overview
9.3.2. Bakery and Confectionery Market Forecast and Analysis
9.4. DAIRY AND FROZEN DESSERTS
9.4.1. Overview
9.4.2. Dairy and Frozen Desserts Market Forecast and Analysis
9.5. BEVERAGES
9.5.1. Overview
9.5.2. Beverages Market Forecast and Analysis
9.6. SWEET AND SAVORY SNACKS
9.6.1. Overview
9.6.2. Sweet and Savory Snacks Market Forecast and Analysis
9.7. DIPS
9.7.1. Overview
9.7.2. Dips Market Forecast and Analysis
9.8. SAUCES AND DRESSINGS
9.8.1. Overview
9.8.2. Sauces and Dressings Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. COCOA BUTTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Cocoa Butter Market Overview
10.1.2 North America Cocoa Butter Market Forecasts and Analysis
10.1.3 North America Cocoa Butter Market Forecasts and Analysis - By Category
10.1.4 North America Cocoa Butter Market Forecasts and Analysis - By Form
10.1.5 North America Cocoa Butter Market Forecasts and Analysis - By Application
10.1.6 North America Cocoa Butter Market Forecasts and Analysis - By Countries
10.1.6.1 United States Cocoa Butter Market
10.1.6.1.1 United States Cocoa Butter Market by Category
10.1.6.1.2 United States Cocoa Butter Market by Form
10.1.6.1.3 United States Cocoa Butter Market by Application
10.1.6.2 Canada Cocoa Butter Market
10.1.6.2.1 Canada Cocoa Butter Market by Category
10.1.6.2.2 Canada Cocoa Butter Market by Form
10.1.6.2.3 Canada Cocoa Butter Market by Application
10.1.6.3 Mexico Cocoa Butter Market
10.1.6.3.1 Mexico Cocoa Butter Market by Category
10.1.6.3.2 Mexico Cocoa Butter Market by Form
10.1.6.3.3 Mexico Cocoa Butter Market by Application
10.2. EUROPE
10.2.1 Europe Cocoa Butter Market Overview
10.2.2 Europe Cocoa Butter Market Forecasts and Analysis
10.2.3 Europe Cocoa Butter Market Forecasts and Analysis - By Category
10.2.4 Europe Cocoa Butter Market Forecasts and Analysis - By Form
10.2.5 Europe Cocoa Butter Market Forecasts and Analysis - By Application
10.2.6 Europe Cocoa Butter Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Cocoa Butter Market
10.2.6.1.1 Germany Cocoa Butter Market by Category
10.2.6.1.2 Germany Cocoa Butter Market by Form
10.2.6.1.3 Germany Cocoa Butter Market by Application
10.2.6.2 France Cocoa Butter Market
10.2.6.2.1 France Cocoa Butter Market by Category
10.2.6.2.2 France Cocoa Butter Market by Form
10.2.6.2.3 France Cocoa Butter Market by Application
10.2.6.3 Italy Cocoa Butter Market
10.2.6.3.1 Italy Cocoa Butter Market by Category
10.2.6.3.2 Italy Cocoa Butter Market by Form
10.2.6.3.3 Italy Cocoa Butter Market by Application
10.2.6.4 United Kingdom Cocoa Butter Market
10.2.6.4.1 United Kingdom Cocoa Butter Market by Category
10.2.6.4.2 United Kingdom Cocoa Butter Market by Form
10.2.6.4.3 United Kingdom Cocoa Butter Market by Application
10.2.6.5 Russia Cocoa Butter Market
10.2.6.5.1 Russia Cocoa Butter Market by Category
10.2.6.5.2 Russia Cocoa Butter Market by Form
10.2.6.5.3 Russia Cocoa Butter Market by Application
10.2.6.6 Rest of Europe Cocoa Butter Market
10.2.6.6.1 Rest of Europe Cocoa Butter Market by Category
10.2.6.6.2 Rest of Europe Cocoa Butter Market by Form
10.2.6.6.3 Rest of Europe Cocoa Butter Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Cocoa Butter Market Overview
10.3.2 Asia-Pacific Cocoa Butter Market Forecasts and Analysis
10.3.3 Asia-Pacific Cocoa Butter Market Forecasts and Analysis - By Category
10.3.4 Asia-Pacific Cocoa Butter Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Cocoa Butter Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Cocoa Butter Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Cocoa Butter Market
10.3.6.1.1 Australia Cocoa Butter Market by Category
10.3.6.1.2 Australia Cocoa Butter Market by Form
10.3.6.1.3 Australia Cocoa Butter Market by Application
10.3.6.2 China Cocoa Butter Market
10.3.6.2.1 China Cocoa Butter Market by Category
10.3.6.2.2 China Cocoa Butter Market by Form
10.3.6.2.3 China Cocoa Butter Market by Application
10.3.6.3 India Cocoa Butter Market
10.3.6.3.1 India Cocoa Butter Market by Category
10.3.6.3.2 India Cocoa Butter Market by Form
10.3.6.3.3 India Cocoa Butter Market by Application
10.3.6.4 Japan Cocoa Butter Market
10.3.6.4.1 Japan Cocoa Butter Market by Category
10.3.6.4.2 Japan Cocoa Butter Market by Form
10.3.6.4.3 Japan Cocoa Butter Market by Application
10.3.6.5 South Korea Cocoa Butter Market
10.3.6.5.1 South Korea Cocoa Butter Market by Category
10.3.6.5.2 South Korea Cocoa Butter Market by Form
10.3.6.5.3 South Korea Cocoa Butter Market by Application
10.3.6.6 Rest of Asia-Pacific Cocoa Butter Market
10.3.6.6.1 Rest of Asia-Pacific Cocoa Butter Market by Category
10.3.6.6.2 Rest of Asia-Pacific Cocoa Butter Market by Form
10.3.6.6.3 Rest of Asia-Pacific Cocoa Butter Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Cocoa Butter Market Overview
10.4.2 Middle East and Africa Cocoa Butter Market Forecasts and Analysis
10.4.3 Middle East and Africa Cocoa Butter Market Forecasts and Analysis - By Category
10.4.4 Middle East and Africa Cocoa Butter Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Cocoa Butter Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Cocoa Butter Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Cocoa Butter Market
10.4.6.1.1 South Africa Cocoa Butter Market by Category
10.4.6.1.2 South Africa Cocoa Butter Market by Form
10.4.6.1.3 South Africa Cocoa Butter Market by Application
10.4.6.2 Saudi Arabia Cocoa Butter Market
10.4.6.2.1 Saudi Arabia Cocoa Butter Market by Category
10.4.6.2.2 Saudi Arabia Cocoa Butter Market by Form
10.4.6.2.3 Saudi Arabia Cocoa Butter Market by Application
10.4.6.3 U.A.E Cocoa Butter Market
10.4.6.3.1 U.A.E Cocoa Butter Market by Category
10.4.6.3.2 U.A.E Cocoa Butter Market by Form
10.4.6.3.3 U.A.E Cocoa Butter Market by Application
10.4.6.4 Rest of Middle East and Africa Cocoa Butter Market
10.4.6.4.1 Rest of Middle East and Africa Cocoa Butter Market by Category
10.4.6.4.2 Rest of Middle East and Africa Cocoa Butter Market by Form
10.4.6.4.3 Rest of Middle East and Africa Cocoa Butter Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Cocoa Butter Market Overview
10.5.2 South and Central America Cocoa Butter Market Forecasts and Analysis
10.5.3 South and Central America Cocoa Butter Market Forecasts and Analysis - By Category
10.5.4 South and Central America Cocoa Butter Market Forecasts and Analysis - By Form
10.5.5 South and Central America Cocoa Butter Market Forecasts and Analysis - By Application
10.5.6 South and Central America Cocoa Butter Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Cocoa Butter Market
10.5.6.1.1 Brazil Cocoa Butter Market by Category
10.5.6.1.2 Brazil Cocoa Butter Market by Form
10.5.6.1.3 Brazil Cocoa Butter Market by Application
10.5.6.2 Argentina Cocoa Butter Market
10.5.6.2.1 Argentina Cocoa Butter Market by Category
10.5.6.2.2 Argentina Cocoa Butter Market by Form
10.5.6.2.3 Argentina Cocoa Butter Market by Application
10.5.6.3 Rest of South and Central America Cocoa Butter Market
10.5.6.3.1 Rest of South and Central America Cocoa Butter Market by Category
10.5.6.3.2 Rest of South and Central America Cocoa Butter Market by Form
10.5.6.3.3 Rest of South and Central America Cocoa Butter Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. COCOA BUTTER MARKET, KEY COMPANY PROFILES
12.1. BARRY CALLEBAUT AG
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BOLMAY COCOA
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CARGILL, INCORPORATED
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CHOCOLATE ALCHEMY
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. DUTCH COCOA B.V.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. JB FOODS LIMITED
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. JINDAL COCOA
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NATRA S.A.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. NOW HEALTH GROUP, INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. OLAM INTERNATIONAL LIMITED
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Barry Callebaut AG
2. Bolmay Cocoa
3. Cargill, Incorporated
4. Chocolate Alchemy
5. Dutch Cocoa B.V.
6. JB Foods Limited
7. Jindal Cocoa
8. Natra S.A.
9. NOW Health Group, Inc.
10. Olam International Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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