Global Food Traceability Market Analysis Report, 2021

Global Food Traceability Market Analysis, 2021

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marknteladvisors.com

Document Outline

02

Research Scope

18

Sample Illustration

62

Research Process & Methodology

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Report Particulars, Key Questions Answered, Market Segmentation, Table of Content

Global Food Traceability Market Analysis, 2021

Research Approach, Research Methodology

Commercials Company Profile About the Company

Disclaimer & Contact Details

2

Report Particulars Global Food Traceability Market Report Basics Sr. No

Particulars

1

Report Published

April 2021

2

Number of Research Hours

292

3

Total Number of Pages in the Final Report

250+

4

Research Period

2016-2026 Historical Years

5

Currency Used Throughout the Report

6

Market Measurement

7

Number of Regions/Markets Covered in the Report

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2016-2019

Base Year

2020

Estimated Year

2021

Forecast Year

2026

The United States Dollars OR USD Value in USD million 5 Regions, 17 Countries

3

Key Questions Answered in the Report

What is the market size (value) along with the current and future trends of the Global Food Traceability Market?

How the industry has been evolving in each region, and which segments would dominate the market during the forecast period?

What are the key opportunity areas that companies foresee in the next five years (2021-26)?

Who are the key players in the market, and What are their competitive strengths?

What are the key growth drivers and challenges associated with the market and how would they impact the market through the forecast period?

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4

Market Segmentation

Global Food Traceability Market

By Equipment • • • •

PDA with GPS Thermal Printers 2D & 1D Scanners Tags and Labels

By Application • • • • •

Meat, Seafood and Poultry Vegetables and Fruits Dairy Products Beverages Others

By Region • North America o The US o Canada

•

By Technology

By End Users

• Barcodes • Radio Frequency Identification (RFID) devices • Warehouse Management Systems (WMS) • Blockchain-Based Applications • Food-Sensing Technologies • Infrared • Internet of Things (IoT)

• • • • •

o Mexico South America o Argentina o Brazil o Others

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• Europe o The UK o Germany o France o Italy

Food Manufacturers Warehouse/Pack Farms Food Retailers Government Departments Others

o Spain o Others • Asia-Pacific o China o India

• Bcfooderp • Merit Track • Honeywell • CH Robinson Inc • Food Decision Software • Intelex • JustFoodERP Technologies

By Company

• SAP • Bio Rad Laboratories • IBM • Intertek • Cognex • Harvest Mark

o Japan o Australia o Others • Middle East and Africa o Israel

• Optel • Others

o Saudi Arabia o South Africa o Others

5

Study Background – Project Outline

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Table of Content 1.

Introduction 1.1. Product Definition

1.2. Research Process 1.3. Assumptions 1.4. Market Segmentation 2.

Preface

3.

Executive Summary

4.

Impact of COVID-19 on Global Food Traceability Market

5.

Global Food Traceability Market Dynamics 5.1. Growth Drivers 5.2. Challenges 5.3. Hotspots & Opportunities

6.

Global Food Traceability Market Trends & Insights

7.

Global Food Traceability Market Value Chain Analysis

8.

Global Food Traceability Market Government Regulations

9.

Global Food Traceability Market Intellectual Property Rights Analysis 9.1. Year on Year Patents Issued and Applied For 9.2. Patents Allocation to Top Companies

10. Global Food Traceability Market Analysis, 2016-2026F 10.1. Market Size & Analysis

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Table of Content 10.1.1. By Revenue 10.2. Market Share & Analysis

10.2.1. By Equipment 10.2.1.1.

PDA with GPS

10.2.1.2.

Thermal Printers

10.2.1.3.

2D & 1D Scanners

10.2.1.4.

Tags and Labels

10.2.2. By Technology 10.2.2.1.

Barcodes

10.2.2.2.

Radio Frequency Identification (RFID) devices

10.2.2.3.

Warehouse Management Systems (WMS)

10.2.2.4.

Blockchain-Based Applications

10.2.2.5.

Food-Sensing Technologies

10.2.2.6.

Infrared

10.2.2.7.

Internet of Things (IoT)

10.2.3. By Application 10.2.3.1.

Meat, Seafood and Poultry

10.2.3.2.

Vegetables and Fruits

10.2.3.3.

Dairy Products

10.2.3.4.

Beverages

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Table of Content 10.2.3.5.

Others

10.2.4. By End-User

10.2.4.1.

Food Manufacturers

10.2.4.2.

Warehouse/Pack Farms

10.2.4.3.

Food Retailers

10.2.4.4.

Government Departments

10.2.4.5.

Others

10.2.5. By Region 10.2.5.1.

North America

10.2.5.2.

South America

10.2.5.3.

Europe

10.2.5.4.

Middle East & Africa

10.2.5.5.

Asia Pacific

11. North America Food Traceability Market Analysis, 2016-2026F 11.1. Market Size & Analysis 11.1.1. By Revenue 11.2. Market Share & Analysis 11.2.1. By Equipment 11.2.2. By Technology 11.2.3. By Application

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Table of Content 11.2.4. By End Users 11.2.5. By Country

11.2.5.1. The United States Food Traceability Market Analysis, 2016-2026F 11.2.5.1.1. Market Size & Analysis 11.2.5.1.1.1. By Revenue 11.2.5.1.2. Market Share & Analysis 11.2.5.1.2.1. By Application 11.2.5.1.2.2. By End Users 11.2.5.2. Canada Food Traceability Market Analysis, 2016-2026F 11.2.5.2.1. Market Size & Analysis 11.2.5.2.1.1. By Revenue 11.2.5.2.2. Market Share & Analysis 11.2.5.2.2.1. By Application 11.2.5.2.2.2. By End Users 11.2.5.3. Mexico Food Traceability Market Analysis, 2016-2026F 11.2.5.3.1. Market Size & Analysis 11.2.5.3.1.1. By Revenue 11.2.5.3.2. Market Share & Analysis 11.2.5.3.2.1. By Application 11.2.5.3.2.2. By End Users

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Table of Content 12. South America Food Traceability Market Analysis, 2016-2026F 12.1. Market Size & Analysis

12.1.1. By Revenue 12.2. Market Share & Analysis 12.2.1. By Equipment 12.2.2. By Technology 12.2.3. By Application 12.2.4. By End Users 12.2.5. By Country 12.2.5.1. Brazil Food Traceability Market Analysis, 2016-2026F 12.2.5.1.1. Market Size & Analysis 12.2.5.1.1.1. By Revenue 12.2.5.1.2. Market Share & Analysis 12.2.5.1.2.1. By Application 12.2.5.1.2.2. By End Users 12.2.5.2. Argentina Food Traceability Market Analysis, 2016-2026F 12.2.5.2.1. Market Size & Analysis 12.2.5.2.1.1. By Revenue 12.2.5.2.2. Market Share & Analysis 12.2.5.2.2.1. By Application

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Table of Content 12.2.5.2.2.2. By End Users 13. Europe Food Traceability Market Analysis, 2016-2026F

13.1. Market Size & Analysis 13.1.1. By Revenue 13.2. Market Share & Analysis 13.2.1. By Equipment 13.2.2. By Technology 13.2.3. By Application 13.2.4. By End Users 13.2.5. By Country 13.2.5.1. The UK Food Traceability Market Analysis, 2016-2026F 13.2.5.1.1. Market Size & Analysis 13.2.5.1.1.1. By Revenue 13.2.5.1.2. Market Share & Analysis 13.2.5.1.2.1. By Application 13.2.5.1.2.2. By End Users 13.2.5.2. Germany Food Traceability Market Analysis, 2016-2026F 13.2.5.2.1. Market Size & Analysis 13.2.5.2.1.1. By Revenue 13.2.5.2.2. Market Share & Analysis

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Table of Content 13.2.5.2.2.1. By Application 13.2.5.2.2.2. By End Users

13.2.5.3. France Food Traceability Market Analysis, 2016-2026F 13.2.5.3.1. Market Size & Analysis 13.2.5.3.1.1. By Revenue 13.2.5.3.2. Market Share & Analysis 13.2.5.3.2.1. By Application 13.2.5.3.2.2. By End Users 13.2.5.4. Spain Food Traceability Market Analysis, 2016-2026F 13.2.5.4.1. Market Size & Analysis 13.2.5.4.1.1. By Revenue 13.2.5.4.2. Market Share & Analysis 13.2.5.4.2.1. By Application 13.2.5.4.2.2. By End Users 13.2.5.5. Italy Food Traceability Market Analysis, 2016-2026F 13.2.5.5.1. Market Size & Analysis 13.2.5.5.1.1. By Revenue 13.2.5.5.2. Market Share & Analysis 13.2.5.5.2.1. By Application 13.2.5.5.2.2. By End Users

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Table of Content 14. Middle East & Africa Food Traceability Market Analysis, 2016-2026F 14.1. Market Size & Analysis

14.1.1. By Revenue 14.2. Market Share & Analysis 14.2.1. By Equipment 14.2.2. By Technology 14.2.3. By Application 14.2.4. By End Users 14.2.5. By Country 14.2.5.1. South Africa Food Traceability Market Analysis, 2016-2026F 14.2.5.1.1. Market Size & Analysis 14.2.5.1.1.1. By Revenue 14.2.5.1.2. Market Share & Analysis 14.2.5.1.2.1. By Application 14.2.5.1.2.2. By End Users 14.2.5.2. Saudi Arabia Food Traceability Market Analysis, 2016-2026F 14.2.5.2.1. Market Size & Analysis 14.2.5.2.1.1. By Revenue 14.2.5.2.2. Market Share & Analysis 14.2.5.2.2.1. By Application

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Table of Content 14.2.5.2.2.2. By End Users 14.2.5.3. Israel Food Traceability Market Analysis, 2016-2026F

14.2.5.3.1. Market Size & Analysis 14.2.5.3.1.1. By Revenue 14.2.5.3.2. Market Share & Analysis 14.2.5.3.2.1. By Application 14.2.5.3.2.2. By End Users 15. Asia Pacific Food Traceability Market Analysis, 2016-2026F 15.1. Market Size & Analysis 15.1.1. By Revenue 15.2. Market Share & Analysis 15.2.1. By Equipment 15.2.2. By Technology 15.2.3. By Application 15.2.4. By End Users 15.2.5. By Country 15.2.5.1. China Food Traceability Market Analysis, 2016-2026F 15.2.5.1.1. Market Size & Analysis 15.2.5.1.1.1. By Revenue 15.2.5.1.2. Market Share & Analysis

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Table of Content 15.2.5.1.2.1. By Application 15.2.5.1.2.2. By End Users

15.2.5.2. Japan Food Traceability Market Analysis, 2016-2026F 15.2.5.2.1. Market Size & Analysis 15.2.5.2.1.1. By Revenue 15.2.5.2.2. Market Share & Analysis 15.2.5.2.2.1. By Application 15.2.5.2.2.2. By End Users 15.2.5.3. India Food Traceability Market Analysis, 2016-2026F 15.2.5.3.1. Market Size & Analysis 15.2.5.3.1.1. By Revenue 15.2.5.3.2. Market Share & Analysis 15.2.5.3.2.1. By Application 15.2.5.3.2.2. By End Users 15.2.5.4. Australia Food Traceability Market Analysis, 2016-2026F 15.2.5.4.1. Market Size & Analysis 15.2.5.4.1.1. By Revenue 15.2.5.4.2. Market Share & Analysis 15.2.5.4.2.1. By Application 15.2.5.4.2.2. By End Users

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Table of Content 16. Global Food Traceability Market Key Strategic Imperatives for Success & Growth 17. Competition Outlook

17.1. Competition Matrix 17.1.1. Technology Portfolio 17.1.2. Brand Specialization 17.1.3. Target Markets 17.1.4. Target Technology 17.1.5. Research & Development 17.1.6. Strategic Alliances 17.1.7. Strategic Initiatives 17.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans) 17.2.1. Honeywell 17.2.2. CH Robinson Inc 17.2.3. Intelex Technologies 17.2.4. SAP 17.2.5. Bio Rad Laboratories 17.2.6. IBM 17.2.7. Intertek 17.2.8. Cognex 17.2.9. Harvest Mark

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Table of Content 17.2.10. Bcfooderp 17.2.11. Merit Track

17.2.12. Food Decision Software 17.2.13. JustFoodERP 17.2.14. Optel 17.2.15. Others 18. Disclaimer

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17

Document Outline

02

Research Scope

18

Sample Illustration

62

Research Process & Methodology

71 73 75 © 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

Report Particulars, Key Questions Answered, Market Segmentation, Table of Content

Global Food Traceability Market Analysis, 2021

Research Approach, Research Methodology

Commercials Company Profile About the Company

Disclaimer & Contact Details

18

Global Food Traceability Market Outlook, 2016-2026F

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19

Global Food Traceability Market, By Revenues

(1/3)

Figure XX: Global Food Traceability Market Revenues (USD Million), 2016- 2026F

CAGR

2016

2017

CAGR

Revenues: XX.XX%

2018

2019

2020

2021F

2022F

2023F

Revenues: XX.XX%

2024F

2025F

2026F

Charts not meant to scale Source: MarkNtel Advisors

•

Food traceability systems have a lot of benefits for the consumers one of which is easy decision making. With traceability systems, consumer can purchase the product according to their requirement. New and advanced traceability technology in the food industry helps the farmers, food manufacturers and retailers in tracing their

product throughout the supply chain. Having a traceability system is a must as it will boost consumer loyalty and confidence on different firms in the food industry.

•

There has been a growth in overall usage of food traceability systems in different countries across the globe however, there are certain regions that have not fully adopted food traceability solutions due to lesser food safety awareness and complex regulations. Companies in the food traceability industry have developed a keen interest to expand in emerging markets with the help of collaborations, acquisitions, partnerships, and expansions.

•

Key players in the food traceability market like Honeywell International Inc, C.H. Robinson, and DuPont Nutrition and Biosciences, among others are keen on acquiring

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20

Global Food Traceability Market, By Equipment

(1/7)

Figure XX: Global Food Traceability Market Share and Revenues (USD Million), By Equipment, 2016- 2026F Revenue Share (Percentage)

Market Size (USD Million), 2016-2020-2026F

PDA with GPS Thermal Printers

2020

2D & 1D Scanners

2026

Tags and Labels

2020 PDA with GPS

Thermal Printers

2026F 2D & 1D Scanners Tags and Labels

Charts not meant to scale Source: MarkNtel Advisors

•

In the food industry, freshness and quality of the product can make or break your business. Food safety and traceability go hand in hand. If a business does not follow safety protocols and the food ends up in the hands of the consumer, the outcome will be dissatisfying and would result in loss of the customers and income, and possibly

sickness or injury to the end user. Even worse is potential damage to the company’s brand and reputation.

•

This results in an increase in the cases of food recall because consumers face issues with their food. As per a report from the Public Interest Research Group, food recalls because of E. coli, salmonella, and different microbes rose 10% from 2013 to 2018, without any indications of easing back down, putting public wellbeing in danger and undermining the reputation of the worldwide food industry. For food and beverage cultivators, makers, processors, and retailers, this can have crushing results on client dependability, incomes, and notoriety

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21

Global Food Traceability Market, By Technology

(1/5)

Figure XX: Global Food Traceability Market Share and Revenues (USD Million), By Technology, 2016- 2026F Revenue Share (Percentage)

Market Size (USD Million), 2016-2020-2026F

Barcodes

2020

Radio Frequency Identification (RFID) devices

2026

Warehouse Management Systems (WMS)

2020

Blockchain-Based Applications

2026

Food-Sensing Technologies

Infrared Barcodes

IoT

Radio Frequency Identification (RFID) devices

Warehouse Management Systems (WMS)

Blockchain-Based Applications

Food-Sensing Technologies

Infrared

IoT

Charts not meant to scale Source: MarkNtel Advisors

•

The global population, which is 7.3 billion at present, is expected to reach 9.1 billion by 2050. The Food and Agriculture Organization (FAO) has predicted that 70% more food will be required by 2050 to meet the growing population's demand, which is a significant challenge due to the limitations of resources and arable land. With the

increase in food demand comes a greater need for its safety. With an increase in food adulteration incidents and foodborne diseases, it has become a necessity to have a check on what food a consumer is consuming, and the consumer should be aware of the life cycle of the product. With the development in technology and an increase in the use of technical devices, food traceability has become an achievable process.

•

Radio frequency identification (RFID) is one of the most used technologies for achieving traceability in food industries for better food safety and reliability. At present, it is considered a great improvement to the standardized tag technology and it has features for checking products in the food supply chain.

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22

Global Food Traceability Market, By Application

(1/6)

Figure XX: Global Food Traceability Market Share and Revenues (USD Million), By Application, 2016- 2026F Revenue Share (Percentage)

Market Size (USD Million), 2016-2020-2026F 2020

Meat, Seafood and Poultry

2026

Vegetables and Fruits

2020

Dairy Products

2026

Beverages

Others

Meat, Seafood and Vegetables and Poultry Fruits

Dairy Products

Beverages

Others

Charts not meant to scale Source: MarkNtel Advisors

•

The food traceability technologies are incorporated by the companies inside the food industry with an aim to decrease food recalls and ensure food security across the global market. The traceability technology depends on the nature of the type of food product such as meat, dairy, seafood, fresh produce, and others. The food traceability

market has pulled in a lot of interest by major application segments, owing to the various benefits emerging from the traceability technologies. Some of the prominent industry players are Honeywell International Inc, C.H. Robinson Inc, IBM, and DuPont Nutrition and Biosciences. There has been a substantial increase in the use of food traceability systems, especially in the dairy products industry. Regulatory bodies are working continuously on establishing a traceability system for dairy products in the supply chain systems because of the short life span of these products such as milk, butter, and tofu. The short life span is one of the reasons for increased adulteration activities in dairy products. With an increase in the sales and demand for dairy products, it creates an opportunity as well as a challenge for companies in the global market. © 2021 | Reproduction is forbidden unless authorized | All Rights Reserved

23

Global Food Traceability Market, By End Users

(1/4)

Figure XX: Global Food Traceability Market Share and Revenues (USD Million), By End Users, 2016- 2026F Revenue Share (Percentage)

Market Size (USD Million), 2016-2020-2026F 2020

Food Manufacturers

2026

Warehouse/Pack Farms

2020

Food Retailers

2026

Government Departments Others

Food Manufacturers

Warehouse/Pack Farms

Food Retailers

Government Departments

Others

Charts not meant to scale Source: MarkNtel Advisors

•

The food traceability technology is broadly utilized by the food producers, retailers, and warehouses, for tracing food supply chain products. Currently, their use has been expanding in other divisions as well, such as agriculture, defense, and security. The food traceability market has pulled in significant interest by major segments because

of the benefits that the technology brings. Food producers, retailers, and farmers have strong confidence that food traceability technologies have sufficient potential to change and improve the business in the food industry. This chapter of the report deals with the market size of food traceability in different end user types such as food manufacturers, food retailers, government departments, warehouses, and others.

•

Recent activities in the food industry have turned the focus on the importance of traceability inside the food supply chains. The challenges faced by food producers around the world creates an increasing concern relating to the food supply and safety.

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24

Global Food Traceability Market, By Competitors

(1/1)

Figure XX: Global Food Traceability Market Share (Percentage), By Competitors, 2020

Others ($XX Million)

IBM ($XX Million)  IBM Food Trust creates a secure, permissioned, and shared record of

 XX

food transactions. This enables visibility during each step of food supply chain. IBM Food Chain technology provides end-to-end food traceability and ensures safety

 XX

 In October 2019, IBM Food Trust announced its partnership with Raw

Seafoods to bring its blockchain technology to the seafood industry.

BioRad Labs ($XX Million)

Honeywell ($XX Million)

USDXX Million

 XX  XX

 XX  XX

DuPont ($XX Million)

CH Robinson ($XX Million)

 XX

 XX

 XX

 XX

Charts not meant to scale

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Source: MarkNtel Advisors

25

North America Food Traceability Market Outlook, 2016-2026F

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North America Food Traceability Market, By Revenues

(1/2)

Figure XX: North America Food Traceability Market Revenues (USD Million), 2016- 2026F

CAGR

2016

2017

CAGR

Revenues: XX.XX%

2018

Charts not meant to scale

2019

2020

2021F

2022F

2023F

Revenues: XX.XX%

2024F

2025F

2026F

Revenue (USD Million) Source: MarkNtel Advisors

•

North America comprises regional markets of the U.S., Canada, and Mexico. North America accounted for the highest share in the global food traceability market in 2019.

The high growth in the region is due to the rising concerns related to food fraud/recalls, and the consequent increase in food safety practices. In addition to this, new

technologies are being employed by the companies in order to track the food product from its origin in various parts of Canada and the U.S. all these factors are supporting the increasing usage of traceability solutions used in the food industry.

•

Food recalls, which is one of the driving factors for the growth of the industry, is also a major challenge being faced by the food manufacturers in the region. To help overcome the increasing issue of food recalls in the region, rapid use of traceability could be the ideal solution.

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27

The US Food Traceability Market Outlook, 2016-2026F

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The US Food Traceability Market, By Revenues

(1/2)

Figure XX: The US Food Traceability Market Revenues (USD Million), 2016- 2026F

CAGR

2016

2017

CAGR

Revenues: XX.XX%

2018

2019

2020

Charts not meant to scale

2021F

2022F

2023F

Revenues: XX.XX%

2024F

2025F

2026F

Revenue (USD Million) Source: MarkNtel Advisors

•

The U.S. is one of the leading countries in the North America food traceability market. The increasing consumer focus toward food safety and quality has led to more usage of traceability software across the food supply chain and also led to technological advancements in the country. The increasing mandatory traceability schemes

have led to an increased market within the North America region.

•

The U.S. traceability systems tend to be motivated not only by the governmental regulations in the traceability system but also by economic incentives. The companies in the country are building traceability systems for improving supply-side management and for increasing safety and quality control. These traceability systems will benefit the companies in providing lower-cost distribution systems, reduced recall expenses, and expanding sales of high-value products. These benefits are driving the widespread development of traceability systems across the country’s food supply chain.

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29

Disclaimer •

MarkNtel Advisors LLP provides valuable market intelligence to an exclusive group of customers in response to orders. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth. This document and its contents are confidential and may not be further distributed, published, or reproduced, in whole or in part, by any medium or in any form for any purpose, without the written consent of MarkNtel Advisors. The customer will not disclose the contents of the report, whether directly through any medium or indirectly through incorporation in a database, marketing list, report or otherwise, or use or permit the use of information to generate any statistical or other information that is or will be provided to third parties, or voluntarily produce information in legal proceedings.

•

Market reports are based on expectations, estimates and projections as of the date such information is available. Any recommendation contained in this report may not be suitable for all investors or

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