Organic Acids Market Key Players Analysis 2031
The organic acids market is expected to register a CAGR of 5% during 2023–2031. The rising Industrial applications growth and sustainability focus are likely to remain a key trend in the market.
Organic Acids Market Analysis
- In industries such as food and beverages, textiles and pharmaceuticals, these acids have a wide range of end uses.
- Growth of the organic acids market is driven by various characteristics such as sustainable, biocompatible and environmentally friendly.
- Expansion into new markets and access to international consumers can attract various opportunities for organic acids market.
- Organic acids maintain cellular integrity of the gut lining and improve the digestive process by maintaining normal gut flora.
- The absorption rate of proteins, amino acids and minerals can be improved by adding organic acids to the diet.
- The organic acids market presents significant growth opportunity through enhanced consumer awareness about the diverse health benefits of organic acids.
Organic Acids Market Overview
- The key driver for the use of feed organic acid is a growing demand for antibiotics free animal byproduct, driven by the growing global consumption of animal derived food and predicted to increase further in future.
- Traces of antibiotics in the animal byproducts and their negative effect on human health are alarming reasons to eliminate the use of antibiotics in animal feed.
- These could be replaced by feed organic acid which provides the same benefits and with its antimicrobial properties, it also prevents the grains from damaging during storage which upsurges the self-life of the feed driving the demand for the feed organic acid.
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Organic Acids Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Organic Acids Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Organic Acids Market Drivers and Opportunities
Increasing awareness of health benefits of organic acids is expected to drive the growth of the organic acids market
- The organic acids market is poised for growth, driven largely by increasing consumer awareness of their health benefits.
- These compounds, including citric, acetic, and lactic acids, are gaining recognition for their nutritional value, potential gut health improvements, and natural antimicrobial properties.
- As consumers become more health-conscious, organic acids are being incorporated into functional foods, beverages, and supplements, aligning well with the clean label trend and the demand for natural food preservation methods.
- Some organic acids are also being studied for their potential roles in weight management and metabolism, further increasing their appeal.
- This growing awareness is supported by ongoing research and consumer education, which may lead to more regulatory support for health claims.
Technological advancements
- Innovations in production methods are set to revolutionize the organic acids market, promising more cost-effective and efficient manufacturing processes.
- These advancements are expected to reduce production costs, increase yields, and improve sustainability by minimizing energy consumption and waste.
- Biotechnological breakthroughs are enabling the production of organic acids from renewable resources, decreasing reliance on petrochemical feedstocks.
- Enhanced scalability and improved product quality are additional benefits of these innovative methods.
Organic Acids Market Report Segmentation Analysis
Key segments that contributed to the derivation of the organic acids market analysis are type, and application.
- Based on type, the organic acids market is segmented into acetic acid, citric acid, formic acid, lactic acid, propionic acid, ascorbic acid, gluconic acid, fumaric acid, malic acid and others.
- Based on application, the organic acids market is segmented into food and beverages, feed, pharmaceuticals, industrial.
Organic Acids Market Share Analysis by Geography
- Organic Acids Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering organic acids market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the organic acids market in these regions.
Organic Acids Market Report Scope
Organic Acids Market News and Recent Developments
The organic acids market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the organic acids market are listed below:
- Addcon are thrilled to announce the successful introduction of three organic acid products in Indonesia through their esteemed distributor, Novindo. (Source: Newsletter, Addcon, Feb 2024)
- Solugen and ADM Announce Strategic Partnership to Meet Increasing Demand for Sustainable Products with New Biomanufacturing Facility in the U.S. Midwest. (Source: Newsletter, Solugen, Oct 2023)
Organic Acids Market Report Coverage and Deliverables
The “Organic Acids Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Organic acids market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Organic acids market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Organic acids market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the organic acids market
- Detailed company profiles
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
This text is related
to country scope.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the organic acids market are BASF SE; Cargill, Incorporated; Corbion N.V.; E. I. du Pont de Nemours and Company; Eastman Chemical Company; Henan Jindan Lactic Acid Technology Co. Ltd; Koninklijke DSM N.V.; Myriant Corporation; Tate & Lyle PLC; The Archer Daniels Midland Company.
The rising Industrial applications growth and sustainability focus to play a significant role in the global organic acids market in the coming years.
The global organic acids market is expected to grow at a CAGR of 5% during the forecast period 2023 - 2031.
Increasing awareness of health benefits of organic acids is expected to drive the growth of the organic acids market.
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 Organic Acids Market - By Type
1.3.2 Organic Acids Market - By Application
1.3.3 Organic Acids Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ORGANIC ACIDS 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. ORGANIC ACIDS 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ORGANIC ACIDS MARKET - GLOBAL MARKET ANALYSIS
6.1. ORGANIC ACIDS - GLOBAL MARKET OVERVIEW
6.2. ORGANIC ACIDS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ORGANIC ACIDS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACETIC ACID
7.3.1. Overview
7.3.2. Acetic acid Market Forecast and Analysis
7.4. CITRIC ACID
7.4.1. Overview
7.4.2. Citric acid Market Forecast and Analysis
7.5. FORMIC ACID
7.5.1. Overview
7.5.2. Formic acid Market Forecast and Analysis
7.6. LACTIC ACID
7.6.1. Overview
7.6.2. Lactic acid Market Forecast and Analysis
7.7. PROPIONIC ACID
7.7.1. Overview
7.7.2. Propionic acid Market Forecast and Analysis
7.8. ASCORBIC ACID
7.8.1. Overview
7.8.2. Ascorbic acid Market Forecast and Analysis
7.9. GLUCONIC ACID
7.9.1. Overview
7.9.2. Gluconic acid Market Forecast and Analysis
7.10. FUMARIC ACID
7.10.1. Overview
7.10.2. Fumaric acid Market Forecast and Analysis
7.11. MALIC ACID AND OTHER ACIDS
7.11.1. Overview
7.11.2. Malic acid and other acids Market Forecast and Analysis
8. ORGANIC ACIDS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. FEED
8.4.1. Overview
8.4.2. Feed Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. INDUSTRIAL
8.6.1. Overview
8.6.2. Industrial Market Forecast and Analysis
9. ORGANIC ACIDS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Organic Acids Market Overview
9.1.2 North America Organic Acids Market Forecasts and Analysis
9.1.3 North America Organic Acids Market Forecasts and Analysis - By Type
9.1.4 North America Organic Acids Market Forecasts and Analysis - By Application
9.1.5 North America Organic Acids Market Forecasts and Analysis - By Countries
9.1.5.1 United States Organic Acids Market
9.1.5.1.1 United States Organic Acids Market by Type
9.1.5.1.2 United States Organic Acids Market by Application
9.1.5.2 Canada Organic Acids Market
9.1.5.2.1 Canada Organic Acids Market by Type
9.1.5.2.2 Canada Organic Acids Market by Application
9.1.5.3 Mexico Organic Acids Market
9.1.5.3.1 Mexico Organic Acids Market by Type
9.1.5.3.2 Mexico Organic Acids Market by Application
9.2. EUROPE
9.2.1 Europe Organic Acids Market Overview
9.2.2 Europe Organic Acids Market Forecasts and Analysis
9.2.3 Europe Organic Acids Market Forecasts and Analysis - By Type
9.2.4 Europe Organic Acids Market Forecasts and Analysis - By Application
9.2.5 Europe Organic Acids Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Organic Acids Market
9.2.5.1.1 Germany Organic Acids Market by Type
9.2.5.1.2 Germany Organic Acids Market by Application
9.2.5.2 France Organic Acids Market
9.2.5.2.1 France Organic Acids Market by Type
9.2.5.2.2 France Organic Acids Market by Application
9.2.5.3 Italy Organic Acids Market
9.2.5.3.1 Italy Organic Acids Market by Type
9.2.5.3.2 Italy Organic Acids Market by Application
9.2.5.4 United Kingdom Organic Acids Market
9.2.5.4.1 United Kingdom Organic Acids Market by Type
9.2.5.4.2 United Kingdom Organic Acids Market by Application
9.2.5.5 Russia Organic Acids Market
9.2.5.5.1 Russia Organic Acids Market by Type
9.2.5.5.2 Russia Organic Acids Market by Application
9.2.5.6 Rest of Europe Organic Acids Market
9.2.5.6.1 Rest of Europe Organic Acids Market by Type
9.2.5.6.2 Rest of Europe Organic Acids Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Organic Acids Market Overview
9.3.2 Asia-Pacific Organic Acids Market Forecasts and Analysis
9.3.3 Asia-Pacific Organic Acids Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Organic Acids Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Organic Acids Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Organic Acids Market
9.3.5.1.1 Australia Organic Acids Market by Type
9.3.5.1.2 Australia Organic Acids Market by Application
9.3.5.2 China Organic Acids Market
9.3.5.2.1 China Organic Acids Market by Type
9.3.5.2.2 China Organic Acids Market by Application
9.3.5.3 India Organic Acids Market
9.3.5.3.1 India Organic Acids Market by Type
9.3.5.3.2 India Organic Acids Market by Application
9.3.5.4 Japan Organic Acids Market
9.3.5.4.1 Japan Organic Acids Market by Type
9.3.5.4.2 Japan Organic Acids Market by Application
9.3.5.5 South Korea Organic Acids Market
9.3.5.5.1 South Korea Organic Acids Market by Type
9.3.5.5.2 South Korea Organic Acids Market by Application
9.3.5.6 Rest of Asia-Pacific Organic Acids Market
9.3.5.6.1 Rest of Asia-Pacific Organic Acids Market by Type
9.3.5.6.2 Rest of Asia-Pacific Organic Acids Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Organic Acids Market Overview
9.4.2 Middle East and Africa Organic Acids Market Forecasts and Analysis
9.4.3 Middle East and Africa Organic Acids Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Organic Acids Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Organic Acids Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Organic Acids Market
9.4.5.1.1 South Africa Organic Acids Market by Type
9.4.5.1.2 South Africa Organic Acids Market by Application
9.4.5.2 Saudi Arabia Organic Acids Market
9.4.5.2.1 Saudi Arabia Organic Acids Market by Type
9.4.5.2.2 Saudi Arabia Organic Acids Market by Application
9.4.5.3 U.A.E Organic Acids Market
9.4.5.3.1 U.A.E Organic Acids Market by Type
9.4.5.3.2 U.A.E Organic Acids Market by Application
9.4.5.4 Rest of Middle East and Africa Organic Acids Market
9.4.5.4.1 Rest of Middle East and Africa Organic Acids Market by Type
9.4.5.4.2 Rest of Middle East and Africa Organic Acids Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Organic Acids Market Overview
9.5.2 South and Central America Organic Acids Market Forecasts and Analysis
9.5.3 South and Central America Organic Acids Market Forecasts and Analysis - By Type
9.5.4 South and Central America Organic Acids Market Forecasts and Analysis - By Application
9.5.5 South and Central America Organic Acids Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Organic Acids Market
9.5.5.1.1 Brazil Organic Acids Market by Type
9.5.5.1.2 Brazil Organic Acids Market by Application
9.5.5.2 Argentina Organic Acids Market
9.5.5.2.1 Argentina Organic Acids Market by Type
9.5.5.2.2 Argentina Organic Acids Market by Application
9.5.5.3 Rest of South and Central America Organic Acids Market
9.5.5.3.1 Rest of South and Central America Organic Acids Market by Type
9.5.5.3.2 Rest of South and Central America Organic Acids Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ORGANIC ACIDS MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARGILL, INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CORBION N.V.,
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. E. I. DU PONT DE NEMOURS AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EASTMAN CHEMICAL COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HENAN JINDAN LACTIC ACID TECHNOLOGY CO. LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KONINKLIJKE DSM N.V.,
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MYRIANT CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TATE AND LYLE PLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE ARCHER DANIELS MIDLAND COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.BASF SE
2.Cargill, Incorporated
3.Corbion N.V.,
4.E. I. du Pont de Nemours and Company
5.Eastman Chemical Company
6.Henan Jindan Lactic Acid Technology Co. Ltd
7.Koninklijke DSM N.V.,
8.Myriant Corporation
9.Tate and Lyle PLC
10.The Archer Daniels Midland Company
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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