Global White Spirits Market (2025-2031) | Growth, Pricing Analysis, Segments, Drivers, Share, Analysis, Revenue, Strategic Insights, Value, Size, Competitive, Restraints, Investment Trends, Companies, Challenges, Industry, Strategy, Trends, Consumer Insights, Opportunities, Segmentation, Competition, Outlook, Demand, Forecast, Supply

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Product (Rum, Vodka, Gin, Tequila, Others), By Distribution Channel (Food Retail, Food Service) And Competitive Landscape
Product Code: ETC13234834 Publication Date: Apr 2025 Updated Date: Jul 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Shubham Deep No. of Pages: 190 No. of Figures: 80 No. of Tables: 40

Global White Spirits Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Global White Spirits Market was valued at USD 4.9 Billion in 2024 and is expected to reach USD 8.6 Billion by 2031, growing at a compound annual growth rate of 14.10% during the forecast period (2025-2031).

Global White Spirits Market Overview

The global white spirits market is expected to witness steady growth due to the increasing demand for alcoholic beverages, especially in emerging economies. White spirits, such as vodka and gin, are popular choices among consumers for their versatility in cocktails and mixed drinks. The market is driven by changing consumer preferences towards premium and flavored spirits, as well as the growing trend of socializing and dining out. Key players in the market are focusing on product innovation, packaging, and marketing strategies to attract a wider consumer base. Regulatory challenges and increasing competition are some of the factors that may impact market growth. Overall, the global white spirits market is projected to expand further as consumers look for new and exciting drinking experiences.

Global White Spirits Market Trends and Opportunities

The Global White Spirits Market is experiencing growth due to the increasing demand for alcoholic beverages, particularly vodka and gin, as consumers seek premium and craft varieties. Health-conscious consumers are also driving the demand for low-calorie and low-sugar options in the white spirits segment. The market is witnessing a shift towards flavored white spirits, offering innovative and unique taste experiences. Additionally, the rise of cocktail culture and mixology trends is creating opportunities for white spirits manufacturers to develop new products and target the younger demographic. With the growing trend of at-home cocktail making and the expanding market for ready-to-drink cocktails, there is a significant opportunity for white spirits brands to capitalize on convenience and innovation to cater to evolving consumer preferences.

Global White Spirits Market Challenges

The Global White Spirits Market faces several challenges, including increasing competition from alternative alcoholic beverages, changing consumer preferences towards flavored spirits, and stringent regulations governing the production and distribution of alcoholic products. Additionally, economic uncertainties, fluctuating raw material prices, and environmental concerns related to the production processes also pose challenges for the industry. Adapting to evolving consumer trends, maintaining product quality and consistency, and ensuring compliance with regulatory requirements are key challenges that white spirits manufacturers and marketers need to address to remain competitive in the global market. Furthermore, the rise of craft spirits and the growing popularity of premium and artisanal spirits present both opportunities and challenges for traditional white spirits producers to differentiate their products and appeal to a diverse consumer base.

Global White Spirits Market Drivers

The Global White Spirits Market is primarily driven by the increasing demand for alcoholic beverages, growth in the food and beverage industry, and rising disposable incomes leading to higher consumer spending on premium spirits. White spirits, such as vodka and gin, are versatile and commonly used in cocktails, making them popular among consumers. Additionally, the growing trend of socializing and dining out has propelled the demand for white spirits in bars and restaurants. Furthermore, the expansion of the hospitality sector, especially in emerging economies, is fueling the market growth as these establishments stock a wide range of white spirits to cater to diverse consumer preferences. Innovations in flavors and packaging, as well as strategic marketing campaigns by key players, are also contributing to the market expansion.

Global White Spirits Market Government Policy

Government policies related to the Global White Spirits Market typically focus on regulations surrounding production, distribution, and consumption of white spirits such as vodka, gin, and white rum. These policies often include guidelines for labeling, quality control, and taxation to ensure consumer safety and fair competition among producers. Additionally, governments may impose restrictions on advertising and marketing practices to prevent underage consumption and promote responsible drinking habits. Some regions also have specific regulations regarding the use of certain ingredients in white spirits production to protect public health. Overall, government policies play a crucial role in shaping the white spirits market by balancing industry growth with public safety and consumer interests.

Global White Spirits Market Future Outlook

The Global White Spirits Market is expected to witness steady growth in the coming years, driven by factors such as increasing demand for alcoholic beverages, particularly in emerging markets, and the rising popularity of cocktails and mixed drinks. Additionally, the use of white spirits in various industries such as paints, coatings, and cleaning products is projected to contribute to market growth. With changing consumer preferences towards premium and flavored white spirits, manufacturers are likely to focus on product innovation and marketing strategies to capture a larger market share. However, challenges such as stringent regulations on alcohol consumption and production, as well as the growing trend towards healthier lifestyles, may impact the market to some extent. Overall, the Global White Spirits Market is anticipated to expand, with opportunities for growth in both traditional and new markets.

Global White Spirits Market Regional Insights

In the Global White Spirits Market, Asia is expected to witness significant growth due to the increasing consumption of white spirits in countries like China and India. North America is a mature market with steady demand driven by the popularity of white spirits in the region. In Europe, stringent regulations regarding alcohol production impact market growth, although there is a growing trend towards premium and craft white spirits. The Middle East and Africa region is experiencing a rise in demand for white spirits due to changing consumer preferences and increasing disposable income. Latin America is a key market for white spirits, particularly in countries like Brazil and Mexico, where the consumption of rum and vodka is high. Overall, the Global White Spirits Market is diverse, with each region offering unique opportunities and challenges for market players.

Key Highlights of the Report:

  • Global White Spirits Market Outlook
  • Market Size of Global White Spirits Market, 2024
  • Forecast of Global White Spirits Market, 2031
  • Historical Data and Forecast of Global White Spirits Revenues & Volume for the Period 2021 - 2031
  • Global White Spirits Market Trend Evolution
  • Global White Spirits Market Drivers and Challenges
  • Global White Spirits Price Trends
  • Global White Spirits Porter's Five Forces
  • Global White Spirits Industry Life Cycle
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Rum for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Vodka for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Gin for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Tequila for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Distribution Channel for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Food Retail for the Period 2021 - 2031
  • Historical Data and Forecast of Global White Spirits Market Revenues & Volume By Food Service for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Rum for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Vodka for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Gin for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Tequila for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Distribution Channel for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Food Retail for the Period 2021 - 2031
  • Historical Data and Forecast of North America White Spirits Market Revenues & Volume By Food Service for the Period 2021 - 2031
  • Historical Data and Forecast of United States of America White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Canada White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of North America White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Rum for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Vodka for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Gin for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Tequila for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Distribution Channel for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Food Retail for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) White Spirits Market Revenues & Volume By Food Service for the Period 2021 - 2031
  • Historical Data and Forecast of Brazil White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Mexico White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Argentina White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of LATAM White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Rum for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Vodka for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Gin for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Tequila for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Distribution Channel for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Food Retail for the Period 2021 - 2031
  • Historical Data and Forecast of Asia White Spirits Market Revenues & Volume By Food Service for the Period 2021 - 2031
  • Historical Data and Forecast of China White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of India White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Japan White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Asia White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Rum for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Vodka for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Gin for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Tequila for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Distribution Channel for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Food Retail for the Period 2021 - 2031
  • Historical Data and Forecast of Africa White Spirits Market Revenues & Volume By Food Service for the Period 2021 - 2031
  • Historical Data and Forecast of South Africa White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Nigeria White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Egypt White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Africa White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Rum for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Vodka for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Gin for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Tequila for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Distribution Channel for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Food Retail for the Period 2021 - 2031
  • Historical Data and Forecast of Europe White Spirits Market Revenues & Volume By Food Service for the Period 2021 - 2031
  • Historical Data and Forecast of United Kingdom White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of France White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Germany White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Europe White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Rum for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Vodka for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Gin for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Tequila for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Distribution Channel for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Food Retail for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East White Spirits Market Revenues & Volume By Food Service for the Period 2021 - 2031
  • Historical Data and Forecast of Saudi Arabia White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of UAE White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Turkey White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Middle East White Spirits Market Revenues & Volume for the Period 2021 - 2031
  • Global White Spirits Market - Key Performance Indicators
  • Global White Spirits Market - Import Export Trade Statistics
  • Global White Spirits Market - Opportunity Assessment By Countries
  • Global White Spirits Market - Opportunity Assessment By Product
  • Global White Spirits Market - Opportunity Assessment By Distribution Channel
  • Global White Spirits Market - Top Companies Market Share
  • Global White Spirits Market - Top Companies Profiles
  • Global White Spirits Market - Comparison of Players in Technical and Operating Parameters
  • Global White Spirits Market - Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

The Global White Spirits Market size was valued USD 4.9 Billion in 2024 and is projected to reach USD 8.6 Billion by 2031.
The expected growth rate of the Global White Spirits Market is 14.10% during the forecast period.
6Wresearch actively monitors the Global White Spirits Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Global White Spirits Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Global White Spirits Market

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Global White Spirits Market Overview

3.1 Global Regional Macro Economic Indicators

3.2 Global White Spirits Market Revenues & Volume, 2021 & 2031F

3.3 Global White Spirits Market - Industry Life Cycle

3.4 Global White Spirits Market - Porter's Five Forces

3.5 Global White Spirits Market Revenues & Volume Share, By Regions, 2021 & 2031F

3.6 Global White Spirits Market Revenues & Volume Share, By Product, 2021 & 2031F

3.7 Global White Spirits Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Global White Spirits Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Global White Spirits Market Trends

6 Global White Spirits Market, 2021 - 2031

6.1 Global White Spirits Market, Revenues & Volume, By Product, 2021 - 2031

6.1.1 Overview & Analysis

6.1.2 Global White Spirits Market, Revenues & Volume, By Rum, 2021 - 2031

6.1.3 Global White Spirits Market, Revenues & Volume, By Vodka, 2021 - 2031

6.1.4 Global White Spirits Market, Revenues & Volume, By Gin, 2021 - 2031

6.1.5 Global White Spirits Market, Revenues & Volume, By Tequila, 2021 - 2031

6.1.6 Global White Spirits Market, Revenues & Volume, By Others, 2021 - 2031

6.2 Global White Spirits Market, Revenues & Volume, By Distribution Channel, 2021 - 2031

6.2.1 Overview & Analysis

6.2.2 Global White Spirits Market, Revenues & Volume, By Food Retail, 2021 - 2031

6.2.3 Global White Spirits Market, Revenues & Volume, By Food Service, 2021 - 2031

6.3.1 Overview & Analysis

7 North America White Spirits Market, Overview & Analysis

7.1 North America White Spirits Market Revenues & Volume, 2021 - 2031

7.2 North America White Spirits Market, Revenues & Volume, By Countries, 2021 - 2031

7.2.1 United States (US) White Spirits Market, Revenues & Volume, 2021 - 2031

7.2.2 Canada White Spirits Market, Revenues & Volume, 2021 - 2031

7.2.3 Rest of North America White Spirits Market, Revenues & Volume, 2021 - 2031

7.3 North America White Spirits Market, Revenues & Volume, By Product, 2021 - 2031

7.4 North America White Spirits Market, Revenues & Volume, By Distribution Channel, 2021 - 2031

8 Latin America (LATAM) White Spirits Market, Overview & Analysis

8.1 Latin America (LATAM) White Spirits Market Revenues & Volume, 2021 - 2031

8.2 Latin America (LATAM) White Spirits Market, Revenues & Volume, By Countries, 2021 - 2031

8.2.1 Brazil White Spirits Market, Revenues & Volume, 2021 - 2031

8.2.2 Mexico White Spirits Market, Revenues & Volume, 2021 - 2031

8.2.3 Argentina White Spirits Market, Revenues & Volume, 2021 - 2031

8.2.4 Rest of LATAM White Spirits Market, Revenues & Volume, 2021 - 2031

8.3 Latin America (LATAM) White Spirits Market, Revenues & Volume, By Product, 2021 - 2031

8.4 Latin America (LATAM) White Spirits Market, Revenues & Volume, By Distribution Channel, 2021 - 2031

9 Asia White Spirits Market, Overview & Analysis

9.1 Asia White Spirits Market Revenues & Volume, 2021 - 2031

9.2 Asia White Spirits Market, Revenues & Volume, By Countries, 2021 - 2031

9.2.1 India White Spirits Market, Revenues & Volume, 2021 - 2031

9.2.2 China White Spirits Market, Revenues & Volume, 2021 - 2031

9.2.3 Japan White Spirits Market, Revenues & Volume, 2021 - 2031

9.2.4 Rest of Asia White Spirits Market, Revenues & Volume, 2021 - 2031

9.3 Asia White Spirits Market, Revenues & Volume, By Product, 2021 - 2031

9.4 Asia White Spirits Market, Revenues & Volume, By Distribution Channel, 2021 - 2031

10 Africa White Spirits Market, Overview & Analysis

10.1 Africa White Spirits Market Revenues & Volume, 2021 - 2031

10.2 Africa White Spirits Market, Revenues & Volume, By Countries, 2021 - 2031

10.2.1 South Africa White Spirits Market, Revenues & Volume, 2021 - 2031

10.2.2 Egypt White Spirits Market, Revenues & Volume, 2021 - 2031

10.2.3 Nigeria White Spirits Market, Revenues & Volume, 2021 - 2031

10.2.4 Rest of Africa White Spirits Market, Revenues & Volume, 2021 - 2031

10.3 Africa White Spirits Market, Revenues & Volume, By Product, 2021 - 2031

10.4 Africa White Spirits Market, Revenues & Volume, By Distribution Channel, 2021 - 2031

11 Europe White Spirits Market, Overview & Analysis

11.1 Europe White Spirits Market Revenues & Volume, 2021 - 2031

11.2 Europe White Spirits Market, Revenues & Volume, By Countries, 2021 - 2031

11.2.1 United Kingdom White Spirits Market, Revenues & Volume, 2021 - 2031

11.2.2 Germany White Spirits Market, Revenues & Volume, 2021 - 2031

11.2.3 France White Spirits Market, Revenues & Volume, 2021 - 2031

11.2.4 Rest of Europe White Spirits Market, Revenues & Volume, 2021 - 2031

11.3 Europe White Spirits Market, Revenues & Volume, By Product, 2021 - 2031

11.4 Europe White Spirits Market, Revenues & Volume, By Distribution Channel, 2021 - 2031

12 Middle East White Spirits Market, Overview & Analysis

12.1 Middle East White Spirits Market Revenues & Volume, 2021 - 2031

12.2 Middle East White Spirits Market, Revenues & Volume, By Countries, 2021 - 2031

12.2.1 Saudi Arabia White Spirits Market, Revenues & Volume, 2021 - 2031

12.2.2 UAE White Spirits Market, Revenues & Volume, 2021 - 2031

12.2.3 Turkey White Spirits Market, Revenues & Volume, 2021 - 2031

12.3 Middle East White Spirits Market, Revenues & Volume, By Product, 2021 - 2031

12.4 Middle East White Spirits Market, Revenues & Volume, By Distribution Channel, 2021 - 2031

13 Global White Spirits Market Key Performance Indicators

14 Global White Spirits Market - Export/Import By Countries Assessment

15 Global White Spirits Market - Opportunity Assessment

15.1 Global White Spirits Market Opportunity Assessment, By Countries, 2021 & 2031F

15.2 Global White Spirits Market Opportunity Assessment, By Product, 2021 & 2031F

15.3 Global White Spirits Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

16 Global White Spirits Market - Competitive Landscape

16.1 Global White Spirits Market Revenue Share, By Companies, 2024

16.2 Global White Spirits Market Competitive Benchmarking, By Operating and Technical Parameters

17 Top 10 Company Profiles

18 Recommendations

19 Disclaimer

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