糖果甜点加工设备市场－全球产业规模、份额、趋势、机会及预测（按类型、产品、操作模式、地区及竞争格局划分，2021-2031年）

全球糖果甜点加工设备市场预计将从 2025 年的 59.8 亿美元成长到 2031 年的 108.8 亿美元，复合年增长率为 10.49%。

此细分市场包括用于製备、加热、成型和冷却巧克力、硬糖、口香糖和果冻等甜食产品的专用机械。这一市场扩张的主要驱动力是全球快速的都市化和不断增长的可支配收入，这导致消费者对工业化生产的高品质糖果甜点产品的需求日益增长。製造商正大规模投资自动化生产线，以确保产品卫生并满足现代零售供应链的大规模生产需求。德国机械设备製造业联合会（VDMA）食品加工与包装器材协会强调了这一强劲的行业活动，并指出，2024年至2025年，该类机械的全球贸易量将达到545亿欧元的暂定高峰。

然而，由于先进的加工系统需要大量的资本投入，市场面临严峻的挑战。购买和安装尖端设备的巨额成本构成了中小企业的准入壁垒，阻碍了它们从手动或半自动化操作升级。这种资金限制在对价格敏感的新兴市场尤为突出，因为原物料价格波动不定，製造商往往难以证明投资报酬的合理性。因此，儘管最终产品的需求强劲，但设备的资本密集特性限制了潜在基本客群，并抑制了整体市场成长。

市场驱动因素

全球巧克力和糖果甜点消费量的成长是推动机械市场发展的主要动力，需要扩大生产能力以满足不断增长的消费者需求。可支配收入的增加和都市化的加速促使生产商从间歇式生产转向连续式生产，以确保稳定的供应。近期行业趋势也支撑了这项需求的激增。根据美国糖果甜点协会于2025年3月发布的《2025年糖果甜点产业状况》报告，预计到2024年，糖果甜点销售额（涵盖所有销售管道）将超过540亿美元，显示该品类具有强大的韧性。为了抓住这一市场机会，主要加工商正大力投资产能。该行业领导者百乐嘉利宝(Barry Callebaut)报告称，其2024年的销售额将增长28.1%，达到104亿瑞士法郎。这凸显了推动加工基础设施资本投资的巨大经济效益。

此外，先进自动化和工业4.0技术的整合是关键驱动力，它将传统的製造环境转变为智慧互联的生态系统。为了应对劳动力短缺并提高营运效率，製造商正在加速采用机器人系统、物联网感测器和数据分析技术。这些技术能够精确控制复杂的配方并最大限度地减少废弃物，因此对于在竞争激烈的环境中维持利润率至关重要。全球对这些高科技解决方案的依赖也反映在贸易趋势中。根据德国机械设备包装器材联合会（VDMA）在2025年6月为drinktec 2025展会发布的新闻稿，预计2024年德国食品加工和包装器材出口将成长6%，达到106亿欧元。这项出口成长证实了国际上对欧洲先进加工技术在糖果甜点生产线现代化的广泛应用。

市场挑战

自动化糖果甜点加工系统所需的大量资本投入是市场扩张的一大障碍。对许多中小企业而言，购置和安装先进设备的成本构成了一道难以逾越的进入门槛。这种财务压力在价格敏感地区尤其突出，这些地区的製造商利润率较低，难以证明高成本设备的投资回报。因此，该行业的大部分企业仍然依赖人工或半自动化方法，这有效地抑制了先进技术的普及，并将基本客群限制在资金雄厚的大型企业。

这种不愿进行如此大规模支出的态度直接影响了产业绩效指标。由于成本担忧导致製造商推迟设备升级，市场机械生产和销售量明显放缓。根据德国机械设备製造业联合会（VDMA）食品加工和包装器材协会预测，投资活动的显着放缓将导致2025年食品加工和包装器材行业的产值较2024年下降约2%，至161亿欧元。这一萎缩凸显了高额资本需求加上经济谨慎情绪如何直接阻碍设备市场的整体扩张。

市场趋势

为了满足注重健康的消费者的需求，功能性和无糖配料加工机械的创新正在从根本上改变生产线。加工多元醇和甜菊糖等糖替代品需要专门的设备，这些设备能够处理与传统蔗糖不同的流变特性和更低的熔点。这种变化推动了高精度称重和温控混合系统的发展，以确保改良配方糖果甜点的质地一致性。根据美国国家糖果甜点协会 (NCA) 于 2025 年 3 月发布的《2025 年糖果甜点业现状》报告，62% 的消费者认为“存在更健康的糖果甜点选择”，这表明市场环境正在成熟。这迫使製造商提升其技术能力，以整合功能性配料。

同时，在能源成本波动和环境法规日益严格的背景下，转型为节能环保的永续加工系统正成为设备采购的关键因素。製造商优先引进整合式热回收装置、水循环系统和优化驱动系统的设备，以降低营运成本和碳排放。这种向永续性的策略转变正直接影响领先技术供应商的设备销售表现。根据GEA集团于2025年3月发布的《2024年度报告》，预计销售额将成长0.9%，达到54亿欧元。该公司明确将此业绩归功于其提供创新且永续的技术解决方案所带来的竞争优势。

目录

第一章概述

第二章调查方法

第三章执行摘要

第四章：客户评价

第五章 全球糖果甜点加工设备市场展望

• 市场规模及预测
  • 按金额
• 市占率及预测
  • 依类型（热处理设备、挤压设备、混合机、搅拌/切割机、冷却设备、涂布设备、其他设备）
  • 依产品类型（糖果甜点、硬糖、口香糖、软糖/果冻、其他）
  • 按下操作模式（自动、半自动）
  • 按地区
  • 按公司（2025 年）
• 市场地图

第六章：北美糖果甜点加工设备市场展望

• 市场规模及预测
• 市占率及预测
• 北美洲：国家分析
  • 我们
  • 加拿大
  • 墨西哥

第七章：欧洲糖果甜点加工设备市场展望

• 市场规模及预测
• 市占率及预测
• 欧洲：国家分析
  • 德国
  • 法国
  • 英国
  • 义大利
  • 西班牙

第八章 亚太地区糖果甜点加工设备市场展望

• 市场规模及预测
• 市占率及预测
• 亚太地区：国家分析
  • 中国
  • 印度
  • 日本
  • 韩国
  • 澳洲

第九章：中东和非洲糖果甜点加工设备市场展望

• 市场规模及预测
• 市占率及预测
• 中东和非洲：国家分析
  • 沙乌地阿拉伯
  • 阿拉伯聯合大公国
  • 南非

第十章：南美洲糖果甜点加工设备市场展望

• 市场规模及预测
• 市占率及预测
• 南美洲：国家分析
  • 巴西
  • 哥伦比亚
  • 阿根廷

第十一章 市场动态

• 司机
• 任务

第十二章 市场趋势与发展

• 併购
• 产品发布
• 最新进展

第十三章 全球糖果甜点加工设备市场：SWOT分析

第十四章：波特五力分析

• 产业竞争
• 新进入者的可能性
• 供应商电力
• 顾客权力
• 替代品的威胁

第十五章 竞争格局

• Baker Perkins
• Heat and Control, Inc.
• BCH Ltd.
• Sollich
• Tanis Confectionery
• Alfa Laval
• JBT Corporation
• Bosch
• Aasted
• BUhler AG

第十六章 策略建议

第十七章：关于研究公司及免责声明

The Global Confectionery Processing Equipment Market is projected to experience significant growth, rising from USD 5.98 Billion in 2025 to USD 10.88 Billion by 2031, representing a CAGR of 10.49%. This market segment includes specialized machinery designed for the preparation, cooking, forming, and cooling of sweet goods such as chocolate, hard candies, gums, and jellies. The expansion is largely driven by rapid global urbanization and increasing disposable incomes, which have amplified consumer demand for high-quality, industrially produced confectionery. Manufacturers are responding by investing heavily in automated production lines to guarantee consistent product hygiene and meet the high-volume requirements of modern retail supply chains. The robustness of this industrial activity is highlighted by the VDMA Food Processing and Packaging Machinery Association, which noted that in 2025, the global trade volume for this machinery reached a preliminary peak of €54.5 billion for the year 2024.

However, the market faces a substantial challenge due to the high capital investment needed for advanced processing systems. The significant costs associated with procuring and installing state-of-the-art machinery frequently create a barrier to entry for small and medium-sized enterprises, restricting their ability to upgrade from manual or semi-automatic operations. This financial constraint is particularly severe in price-sensitive emerging markets, where manufacturers often struggle to justify the return on investment given the fluctuation in raw material prices. Consequently, despite strong demand for end-products, the capital-intensive nature of the equipment limits the potential customer base and constrains the overall market growth rate.

Market Driver

The rising global consumption of chocolate and sugar confectionery acts as a primary catalyst for the machinery market, requiring an expansion of manufacturing capabilities to satisfy escalating consumer appetites. As disposable incomes increase and urbanization accelerates, producers are transitioning from batch to continuous processing methods to ensure consistent supply. This surge in demand is supported by recent industry performance; according to the National Confectioners Association's "2025 State of Treating" report released in March 2025, confectionery sales exceeded $54 billion in 2024 across all outlets, demonstrating the category's resilience. To capture this value, major processors are investing heavily in capacity, with industry leader Barry Callebaut reporting a 28.1% surge in sales revenue to CHF 10.4 billion in 2024, highlighting the high financial stakes driving capital expenditure in processing infrastructure.

Furthermore, the integration of Advanced Automation and Industry 4.0 Technologies serves as a critical driver, transforming traditional manufacturing floors into smart, connected ecosystems. Manufacturers are increasingly adopting robotic systems, IoT-enabled sensors, and data analytics to address labor shortages and improve operational efficiency. These technologies allow for precise control over complex recipes and minimize waste, which is essential for maintaining profit margins in a cost-competitive environment. The global reliance on such high-tech solutions is evident in trade flows; according to a June 2025 press release by the VDMA Food Processing and Packaging Machinery Association regarding "drinktec 2025," German exports of food processing and packaging machinery rose by 6% to €10.6 billion in 2024. This export growth underscores the widespread international adoption of sophisticated European processing technologies to modernize confectionery production lines.

Market Challenge

The substantial capital investment required for automated confectionery processing systems constitutes a primary impediment to market scalability. For many small and medium-sized enterprises, the procurement and installation costs of modern machinery create a prohibitive barrier to entry. This financial strain is especially pronounced in price-sensitive regions where manufacturers operate on thin margins, making the return on investment for high-cost equipment difficult to justify. As a result, a significant portion of the industry remains reliant on manual or semi-automatic methods, effectively capping the adoption rate of advanced technology and limiting the customer base to large, capital-rich corporations.

This hesitation to commit to heavy expenditures directly affects industrial performance metrics. When manufacturers delay upgrades due to cost concerns, the market experiences a tangible slowdown in machinery output and sales volume. According to the VDMA Food Processing and Packaging Machinery Association, in 2025, production in the food processing and packaging machinery sector declined by nearly 2% to €16.1 billion for the year 2024, driven by significantly weaker investment activity. This contraction underscores how high capital requirements, coupled with economic caution, directly hamper the broader expansion of the equipment market.

Market Trends

Innovation in machinery for processing functional and sugar-free ingredients is fundamentally altering production lines as manufacturers respond to health-conscious consumer demands. Processing sugar substitutes, such as polyols or stevia, requires specialized equipment capable of managing distinct rheological properties and lower melting points compared to traditional sucrose. This shift is driving the development of high-precision dosing and temperature-controlled mixing systems to ensure texture consistency in reformulated treats. According to the National Confectioners Association's "2025 State of Treating" report from March 2025, 62% of consumers now believe that better-for-you confectionery options exist, indicating a mature market readiness that compels producers to upgrade their technical capabilities for functional ingredient integration.

Concurrently, the shift towards energy-efficient and sustainable processing systems has become a decisive factor in equipment procurement, driven by volatile energy costs and stringent environmental mandates. Manufacturers are prioritizing machinery with integrated heat recovery units, water recycling loops, and optimized drive systems to reduce operational expenditures and carbon footprints. This strategic pivot towards sustainability is directly influencing machinery sales performance for major technology providers. According to GEA Group's "Annual Report 2024" released in March 2025, revenue grew by 0.9% to €5.4 billion, a performance the company explicitly attributed to its competitive advantage in delivering innovative, sustainable technology solutions.

Key Market Players

• Baker Perkins
• Heat and Control, Inc.
• BCH Ltd.
• Sollich
• Tanis Confectionery
• Alfa Laval
• JBT Corporation
• Bosch
• Aasted
• BUhler AG

Report Scope

In this report, the Global Confectionery Processing Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Confectionery Processing Equipment Market, By Type

• Thermal Equipment
• Extrusion Equipment
• Mixers
• Blenders & Cutters
• Cooling Equipment
• Coating Equipment
• Other Equipment

Confectionery Processing Equipment Market, By Product

• Soft Confectionery
• Hard Candies
• Chewing Gums
• Gummies & Jellies
• Others

Confectionery Processing Equipment Market, By Mode of Operation

• Automatic
• Semi-Automatic

Confectionery Processing Equipment Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Confectionery Processing Equipment Market.

Available Customizations:

Global Confectionery Processing Equipment Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Confectionery Processing Equipment Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Thermal Equipment, Extrusion Equipment, Mixers, Blenders & Cutters, Cooling Equipment, Coating Equipment, Other Equipment)
  • 5.2.2. By Product (Soft Confectionery, Hard Candies, Chewing Gums, Gummies & Jellies, Others)
  • 5.2.3. By Mode of Operation (Automatic, Semi-Automatic)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Confectionery Processing Equipment Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Product
  • 6.2.3. By Mode of Operation
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Confectionery Processing Equipment Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Product
      • 6.3.1.2.3. By Mode of Operation
  • 6.3.2. Canada Confectionery Processing Equipment Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Product
      • 6.3.2.2.3. By Mode of Operation
  • 6.3.3. Mexico Confectionery Processing Equipment Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Product
      • 6.3.3.2.3. By Mode of Operation

7. Europe Confectionery Processing Equipment Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Product
  • 7.2.3. By Mode of Operation
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Confectionery Processing Equipment Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Product
      • 7.3.1.2.3. By Mode of Operation
  • 7.3.2. France Confectionery Processing Equipment Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Product
      • 7.3.2.2.3. By Mode of Operation
  • 7.3.3. United Kingdom Confectionery Processing Equipment Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Product
      • 7.3.3.2.3. By Mode of Operation
  • 7.3.4. Italy Confectionery Processing Equipment Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Product
      • 7.3.4.2.3. By Mode of Operation
  • 7.3.5. Spain Confectionery Processing Equipment Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Product
      • 7.3.5.2.3. By Mode of Operation

8. Asia Pacific Confectionery Processing Equipment Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Product
  • 8.2.3. By Mode of Operation
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Confectionery Processing Equipment Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Product
      • 8.3.1.2.3. By Mode of Operation
  • 8.3.2. India Confectionery Processing Equipment Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Product
      • 8.3.2.2.3. By Mode of Operation
  • 8.3.3. Japan Confectionery Processing Equipment Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Product
      • 8.3.3.2.3. By Mode of Operation
  • 8.3.4. South Korea Confectionery Processing Equipment Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Product
      • 8.3.4.2.3. By Mode of Operation
  • 8.3.5. Australia Confectionery Processing Equipment Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Product
      • 8.3.5.2.3. By Mode of Operation

9. Middle East & Africa Confectionery Processing Equipment Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Product
  • 9.2.3. By Mode of Operation
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Confectionery Processing Equipment Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Product
      • 9.3.1.2.3. By Mode of Operation
  • 9.3.2. UAE Confectionery Processing Equipment Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Product
      • 9.3.2.2.3. By Mode of Operation
  • 9.3.3. South Africa Confectionery Processing Equipment Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Product
      • 9.3.3.2.3. By Mode of Operation

10. South America Confectionery Processing Equipment Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Product
  • 10.2.3. By Mode of Operation
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Confectionery Processing Equipment Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Product
      • 10.3.1.2.3. By Mode of Operation
  • 10.3.2. Colombia Confectionery Processing Equipment Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Product
      • 10.3.2.2.3. By Mode of Operation
  • 10.3.3. Argentina Confectionery Processing Equipment Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Product
      • 10.3.3.2.3. By Mode of Operation

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Confectionery Processing Equipment Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Baker Perkins
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Heat and Control, Inc.
• 15.3. BCH Ltd.
• 15.4. Sollich
• 15.5. Tanis Confectionery
• 15.6. Alfa Laval
• 15.7. JBT Corporation
• 15.8. Bosch
• 15.9. Aasted
• 15.10. BUhler AG

16. Strategic Recommendations

17. About Us & Disclaimer