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Global Yeast and Yeast Extract Market Research Report - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2033)

Published Nov 19, 2025
Length 224 Pages
SKU # LOOK20641907

Description

Definition and Scope:

The global yeast and yeast extract market was valued at USD 2.573 billion in 2023 and is expected to reach USD 3.759 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period. Post-pandemic recovery has contributed significantly to the market's growth, as demand levels are returning to pre-COVID-19 levels. The increasing trend toward natural ingredients, the rising popularity of plant-based foods, and growing consumer interest in probiotics and nutritional supplements are key factors fueling the demand for yeast and yeast extract. Additionally, yeast extract's applications in the production of bioethanol, as well as its use in medicinal products like antibiotics, are further contributing to the market's expansion.

Emerging trends and innovations in the market

One emerging trend is the increasing demand for organic yeast products. As consumers become more health-conscious and demand more natural, organic ingredients, organic yeast offerings are gaining popularity. Organic yeast extracts are seen as a healthier alternative to synthetic additives and are widely used in vegan, vegetarian, and clean-label food products. Companies like Angel Yeast and Lesaffre have been actively expanding their organic yeast product lines to cater to this growing market.

Another significant innovation in the yeast extract market is its use in plant-based and vegan meat substitutes. With the rising trend toward plant-based diets, yeast extracts are being used to mimic the taste and texture of meat in a variety of plant-based food products. This trend is not only being driven by environmental concerns but also by increasing awareness about health benefits associated with plant-based diets. Yeast extracts enhance flavor, texture, and nutritional value in products such as plant-based burgers, sausages, and nuggets. Companies like Kerry Group and Synergy Flavors are making significant strides in this space by offering customized yeast-based solutions for plant-based product formulations.

Key Market Challenges

One of the primary challenges facing the yeast and yeast extract market is the volatility of raw material supply. The production of yeast is highly dependent on the availability and cost of key raw materials like molasses, sugar, and other agricultural inputs. Price fluctuations and supply chain disruptions due to climatic conditions or geopolitical tensions can significantly impact production costs and product pricing. Additionally, the increasing demand for organic yeast products further complicates the sourcing of raw materials, as organic farming practices often require more labor-intensive processes.

Another challenge in the market is the increasing competition from synthetic flavor enhancers and preservatives. While yeast extract is known for its natural flavor-enhancing properties, it competes with artificial flavoring agents and chemical additives that are often cheaper and easier to produce. The growth of the clean-label and natural food trends may help mitigate this challenge, but manufacturers must continue to emphasize the natural benefits of yeast extract in their marketing to maintain a competitive edge.

Market Segmentation

Segmentation by Type

The yeast and yeast extract market is divided into several key types:

Baker's Yeast: Used primarily in the baking industry, baker's yeast is a key ingredient in bread, cakes, and other baked goods. It helps in the fermentation process by converting sugars into carbon dioxide and alcohol, which causes the dough to rise.

Brewer's Yeast: Brewer's yeast is essential in the brewing industry, used to ferment beer and other alcoholic beverages. It is also a rich source of B vitamins and is often used as a nutritional supplement.

Wine Yeast: Wine yeast plays a crucial role in the winemaking process by converting sugars in the grapes into alcohol and carbon dioxide. The quality of the yeast used can significantly impact the flavor profile of the wine.

Feed Yeast: Yeast is used in animal feed for its high protein and nutrient content, especially for livestock and poultry. It is increasingly used in pet food formulations due to its nutritional benefits.

Bioethanol Yeast: Used in the production of bioethanol, a renewable energy source, bioethanol yeast is employed in the fermentation process to convert sugar into ethanol.

Others: This category includes specialized yeast varieties used for applications such as pharmaceuticals, probiotics, and nutraceuticals.

By Application

The yeast and yeast extract market serves several key applications, including:

Food: Yeast and yeast extracts are extensively used in food products for flavor enhancement, fermentation, and as a nutritional source. They are critical in bakery products, snacks, sauces, and plant-based food products.

Beverage: Yeast plays a vital role in the fermentation of alcoholic beverages such as beer, wine, and spirits. Yeast extract is also used to enhance the flavor of non-alcoholic beverages like soups, broths, and nutritional drinks.

Feed: Yeast and yeast extracts are used in animal feed for their protein, amino acids, and vitamin content. They improve the nutritional value of animal feed, contributing to better animal health and productivity.

Others: This includes applications in pharmaceuticals, cosmetics, and bioethanol production, where yeast is used for its fermenting capabilities and nutritional content.

By Region

North America: North America represents a significant market share for yeast and yeast extract, driven by high demand for processed food and beverages, especially in the U.S. The growing preference for organic and clean-label food products is expected to further propel market growth in this region.

Europe: Europe is one of the largest markets for yeast and yeast extract, with countries like Germany, France, and the UK being key consumers. The demand for yeast extract in plant-based foods, especially meat substitutes, is growing rapidly in this region.

Asia Pacific: The Asia Pacific region is expected to see the highest growth rate during the forecast period, fueled by rising disposable incomes, growing populations, and increasing demand for processed food and beverages. China and India are key contributors to the region’s market expansion.

Rest of the World: Latin America and the Middle East & Africa are emerging markets for yeast and yeast extract. Increased urbanization, growing health awareness, and rising consumer demand for organic and plant-based foods are driving market growth in these regions.

Competitive Landscape

The yeast and yeast extract market is competitive, with key players continuously innovating to meet changing consumer demands. Major companies in this market include:

Associated British Foods: A leading player in the yeast extract market, offering a wide range of yeast-based products under the brand name Marmite, catering to both the food industry and consumer markets.

Chr. Hansen: A global bioscience company that produces high-quality yeast extracts and other fermentation products used in the food, beverage, and animal feed industries.

Angel Yeast: A major producer of baker's yeast, brewer's yeast, and yeast extract, with a strong presence in the global market, particularly in Asia and Europe.

Lallemand: Known for its yeast products used in baking, brewing, and animal feed, Lallemand has a significant footprint in both food and beverage and feed applications.

Lesaffre: A global leader in the yeast and fermentation industries, Lesaffre offers a variety of yeast extracts and other fermentation products used in food, beverage, and bioethanol production.

Novozymes: A prominent player in biotechnology, Novozymes provides yeast-based products used in various industries, including food, beverage, and bioethanol.

This report offers a comprehensive analysis of the global Yeast and Yeast Extract market, examining all key dimensions. It provides both a macro-level overview and micro-level market details, including market size, trends, competitive landscape, niche segments, growth drivers, and key challenges.

Report Framework and Key Highlights:

Market Dynamics: Identification of major market drivers, restraints, opportunities, and challenges.

Trend Analysis: Examination of ongoing and emerging trends impacting the market.

Competitive Landscape: Detailed profiles and market positioning of major players, including market share, operational status, product offerings, and strategic developments.

Strategic Analysis Tools: SWOT Analysis, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis

Market Segmentation: By type, application, region, and end-user industry.

Forecasting and Growth Projections: In-depth revenue forecasts and CAGR analysis through 2033.

This report equips readers with critical insights to navigate competitive dynamics and develop effective strategies. Whether assessing a new market entry or refining existing strategies, the report serves as a valuable tool for:

Industry players

Investors

Researchers

Consultants

Business strategists

And all stakeholders with an interest or investment in the Yeast and Yeast Extract market.

Global Yeast and Yeast Extract Market: Segmentation Analysis and Strategic Insights

This section of the report provides an in-depth segmentation analysis of the global Yeast and Yeast Extract market. The market is segmented based on region (country), manufacturer, product type, and application. Segmentation enables a more precise understanding of market dynamics and facilitates targeted strategies across product development, marketing, and sales.

By breaking the market into meaningful subsets, stakeholders can better tailor their offerings to the specific needs of each segment—enhancing competitiveness and improving return on investment.

Global Yeast and Yeast Extract Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Companies Profiled

Associated British Foods

Chr. Hansen

Angel Yeast

Leiber

Lallemand

Lesaffre

Novozymes

Koninklijke DSM N.V.

Synergy Flavors

Kerry Group

Omega Yeast Labs

Kothari Fermentation and Biochem

Oriental Yeast

Pak Group

Halcyon Proteins

Biospringer

Thai Foods International

Alltech

Ohly

Market Segmentation by Type

Baker's Yeast

Brewer's Yeast

Wine Yeast

Feed Yeast

Bioethanol Yeast

Others

Market Segmentation by Application

Food

Beverage

Feed

Others

Geographic Segmentation

North America: United States, Canada, Mexico

Europe: Germany, France, Italy, U.K., Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium, Russia.

Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Philippines, Singapore, Thailand

South America: Brazil, Argentina, Colombia.

Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa, Rest of MEA

Report Framework and Chapter Summary

Chapter 1: Report Scope and Market Definition

This chapter outlines the statistical boundaries and scope of the report. It defines the segmentation standards used throughout the study, including criteria for dividing the market by region, product type, application, and other relevant dimensions. It establishes the foundational definitions and classifications that guide the rest of the analysis.

Chapter 2: Executive Summary

This chapter presents a concise summary of the market’s current status and future outlook across different segments—by geography, product type, and application. It includes key metrics such as market size, growth trends, and development potential for each segment. The chapter offers a high-level overview of the Yeast and Yeast Extract Market, highlighting its evolution over the short, medium, and long term.

Chapter 3: Market Dynamics and Policy Environment

This chapter explores the latest developments in the market, identifying key growth drivers, restraints, challenges, and risks faced by industry participants. It also includes an analysis of the policy and regulatory landscape affecting the market, providing insight into how external factors may shape future performance.

Chapter 4: Competitive Landscape

This chapter provides a detailed assessment of the market's competitive environment. It covers market share, production capacity, output, pricing trends, and strategic developments such as mergers, acquisitions, and expansion plans of leading players. This analysis offers a comprehensive view of the positioning and performance of top competitors.

Chapters 5–10: Regional Market Analysis

These chapters offer in-depth, quantitative evaluations of market size and growth potential across major regions and countries. Each chapter assesses regional consumption patterns, market dynamics, development prospects, and available capacity. The analysis helps readers understand geographical differences and opportunities in global markets.

Chapter 11: Market Segmentation by Product Type

This chapter examines the market based on product type, analyzing the size, growth trends, and potential of each segment. It helps stakeholders identify underexplored or high-potential product categories—often referred to as “blue ocean” opportunities.

Chapter 12: Market Segmentation by Application

This chapter analyzes the market based on application fields, providing insights into the scale and future development of each application segment. It supports readers in identifying high-growth areas across downstream markets.

Chapter 13: Company Profiles

This chapter presents comprehensive profiles of leading companies operating in the market. For each company, it details sales revenue, volume, pricing, gross profit margin, market share, product offerings, and recent strategic developments. This section offers valuable insight into corporate performance and strategy.

Chapter 14: Industry Chain and Value Chain Analysis

This chapter explores the full industry chain, from upstream raw material suppliers to downstream application sectors. It includes a value chain analysis that highlights the interconnections and dependencies across various parts of the ecosystem.

Chapter 15: Key Findings and Conclusions

The final chapter summarizes the main takeaways from the report, presenting the core conclusions, strategic recommendations, and implications for stakeholders. It encapsulates the insights drawn from all previous chapters.

Table of Contents

224 Pages
1 Introduction to Research & Analysis Reports
1.1 Yeast and Yeast Extract Market Definition
1.2 Yeast and Yeast Extract Market Segments
1.2.1 Segment by Type
1.2.2 Segment by Application
2 Executive Summary
2.1 Global Yeast and Yeast Extract Market Size
2.2 Market Segmentation – by Type
2.3 Market Segmentation – by Application
2.4 Market Segmentation – by Geography
3 Key Market Trends, Opportunity, Drivers and Restraints
3.1 Key Takeway
3.2 Market Opportunities & Trends
3.3 Market Drivers
3.4 Market Restraints
3.5 Market Major Factor Assessment
4 Global Yeast and Yeast Extract Market Competitive Landscape
4.1 Global Yeast and Yeast Extract Sales by Manufacturers (2020-2025)
4.2 Global Yeast and Yeast Extract Revenue Market Share by Manufacturers (2020-2025)
4.3 Yeast and Yeast Extract Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.4 New Entrant and Capacity Expansion Plans
4.5 Mergers & Acquisitions
5 Global Yeast and Yeast Extract Market by Region
5.1 Global Yeast and Yeast Extract Market Size by Region
5.1.1 Global Yeast and Yeast Extract Market Size by Region
5.1.2 Global Yeast and Yeast Extract Market Size Market Share by Region
5.2 Global Yeast and Yeast Extract Sales by Region
5.2.1 Global Yeast and Yeast Extract Sales by Region
5.2.2 Global Yeast and Yeast Extract Sales Market Share by Region
6 North America Market Overview
6.1 North America Yeast and Yeast Extract Market Size by Country
6.1.1 USA Market Overview
6.1.2 Canada Market Overview
6.1.3 Mexico Market Overview
6.2 North America Yeast and Yeast Extract Market Size by Type
6.3 North America Yeast and Yeast Extract Market Size by Application
6.4 Top Players in North America Yeast and Yeast Extract Market
7 Europe Market Overview
7.1 Europe Yeast and Yeast Extract Market Size by Country
7.1.1 Germany Market Overview
7.1.2 France Market Overview
7.1.3 U.K. Market Overview
7.1.4 Italy Market Overview
7.1.5 Spain Market Overview
7.1.6 Sweden Market Overview
7.1.7 Denmark Market Overview
7.1.8 Netherlands Market Overview
7.1.9 Switzerland Market Overview
7.1.10 Belgium Market Overview
7.1.11 Russia Market Overview
7.2 Europe Yeast and Yeast Extract Market Size by Type
7.3 Europe Yeast and Yeast Extract Market Size by Application
7.4 Top Players in Europe Yeast and Yeast Extract Market
8 Asia-Pacific Market Overview
8.1 Asia-Pacific Yeast and Yeast Extract Market Size by Country
8.1.1 China Market Overview
8.1.2 Japan Market Overview
8.1.3 South Korea Market Overview
8.1.4 India Market Overview
8.1.5 Australia Market Overview
8.1.6 Indonesia Market Overview
8.1.7 Malaysia Market Overview
8.1.8 Philippines Market Overview
8.1.9 Singapore Market Overview
8.1.10 Thailand Market Overview
8.1.11 Rest of APAC Market Overview
8.2 Asia-Pacific Yeast and Yeast Extract Market Size by Type
8.3 Asia-Pacific Yeast and Yeast Extract Market Size by Application
8.4 Top Players in Asia-Pacific Yeast and Yeast Extract Market
9 South America Market Overview
9.1 South America Yeast and Yeast Extract Market Size by Country
9.1.1 Brazil Market Overview
9.1.2 Argentina Market Overview
9.1.3 Columbia Market Overview
9.2 South America Yeast and Yeast Extract Market Size by Type
9.3 South America Yeast and Yeast Extract Market Size by Application
9.4 Top Players in South America Yeast and Yeast Extract Market
10 Middle East and Africa Market Overview
10.1 Middle East and Africa Yeast and Yeast Extract Market Size by Country
10.1.1 Saudi Arabia Market Overview
10.1.2 UAE Market Overview
10.1.3 Egypt Market Overview
10.1.4 Nigeria Market Overview
10.1.5 South Africa Market Overview
10.2 Middle East and Africa Yeast and Yeast Extract Market Size by Type
10.3 Middle East and Africa Yeast and Yeast Extract Market Size by Application
10.4 Top Players in Middle East and Africa Yeast and Yeast Extract Market
11 Yeast and Yeast Extract Market Segmentation by Type
11.1 Evaluation Matrix of Segment Market Development Potential (Type)
11.2 Global Yeast and Yeast Extract Sales Market Share by Type (2020-2033)
11.3 Global Yeast and Yeast Extract Market Size Market Share by Type (2020-2033)
11.4 Global Yeast and Yeast Extract Price by Type (2020-2033)
12 Yeast and Yeast Extract Market Segmentation by Application
12.1 Evaluation Matrix of Segment Market Development Potential (Application)
12.2 Global Yeast and Yeast Extract Market Sales by Application (2020-2033)
12.3 Global Yeast and Yeast Extract Market Size (M USD) by Application (2020-2033)
12.4 Global Yeast and Yeast Extract Sales Growth Rate by Application (2020-2033)
13 Company Profiles
13.1 Associated British Foods
13.1.1 Associated British Foods Company Overview
13.1.2 Associated British Foods Business Overview
13.1.3 Associated British Foods Yeast and Yeast Extract Major Product Offerings
13.1.4 Associated British Foods Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.1.5 Key News
13.2 Chr. Hansen
13.2.1 Chr. Hansen Company Overview
13.2.2 Chr. Hansen Business Overview
13.2.3 Chr. Hansen Yeast and Yeast Extract Major Product Offerings
13.2.4 Chr. Hansen Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.2.5 Key News
13.3 Angel Yeast
13.3.1 Angel Yeast Company Overview
13.3.2 Angel Yeast Business Overview
13.3.3 Angel Yeast Yeast and Yeast Extract Major Product Offerings
13.3.4 Angel Yeast Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.3.5 Key News
13.4 Leiber
13.4.1 Leiber Company Overview
13.4.2 Leiber Business Overview
13.4.3 Leiber Yeast and Yeast Extract Major Product Offerings
13.4.4 Leiber Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.4.5 Key News
13.5 Lallemand
13.5.1 Lallemand Company Overview
13.5.2 Lallemand Business Overview
13.5.3 Lallemand Yeast and Yeast Extract Major Product Offerings
13.5.4 Lallemand Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.5.5 Key News
13.6 Lesaffre
13.6.1 Lesaffre Company Overview
13.6.2 Lesaffre Business Overview
13.6.3 Lesaffre Yeast and Yeast Extract Major Product Offerings
13.6.4 Lesaffre Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.6.5 Key News
13.7 Novozymes
13.7.1 Novozymes Company Overview
13.7.2 Novozymes Business Overview
13.7.3 Novozymes Yeast and Yeast Extract Major Product Offerings
13.7.4 Novozymes Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.7.5 Key News
13.8 Koninklijke DSM N.V.
13.8.1 Koninklijke DSM N.V. Company Overview
13.8.2 Koninklijke DSM N.V. Business Overview
13.8.3 Koninklijke DSM N.V. Yeast and Yeast Extract Major Product Offerings
13.8.4 Koninklijke DSM N.V. Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.8.5 Key News
13.9 Synergy Flavors
13.9.1 Synergy Flavors Company Overview
13.9.2 Synergy Flavors Business Overview
13.9.3 Synergy Flavors Yeast and Yeast Extract Major Product Offerings
13.9.4 Synergy Flavors Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.9.5 Key News
13.10 Kerry Group
13.10.1 Kerry Group Company Overview
13.10.2 Kerry Group Business Overview
13.10.3 Kerry Group Yeast and Yeast Extract Major Product Offerings
13.10.4 Kerry Group Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.10.5 Key News
13.11 Omega Yeast Labs
13.11.1 Omega Yeast Labs Company Overview
13.11.2 Omega Yeast Labs Business Overview
13.11.3 Omega Yeast Labs Yeast and Yeast Extract Major Product Offerings
13.11.4 Omega Yeast Labs Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.11.5 Key News
13.12 Kothari Fermentation and Biochem
13.12.1 Kothari Fermentation and Biochem Company Overview
13.12.2 Kothari Fermentation and Biochem Business Overview
13.12.3 Kothari Fermentation and Biochem Yeast and Yeast Extract Major Product Offerings
13.12.4 Kothari Fermentation and Biochem Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.12.5 Key News
13.13 Oriental Yeast
13.13.1 Oriental Yeast Company Overview
13.13.2 Oriental Yeast Business Overview
13.13.3 Oriental Yeast Yeast and Yeast Extract Major Product Offerings
13.13.4 Oriental Yeast Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.13.5 Key News
13.14 Pak Group
13.14.1 Pak Group Company Overview
13.14.2 Pak Group Business Overview
13.14.3 Pak Group Yeast and Yeast Extract Major Product Offerings
13.14.4 Pak Group Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.14.5 Key News
13.15 Halcyon Proteins
13.15.1 Halcyon Proteins Company Overview
13.15.2 Halcyon Proteins Business Overview
13.15.3 Halcyon Proteins Yeast and Yeast Extract Major Product Offerings
13.15.4 Halcyon Proteins Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.15.5 Key News
13.16 Biospringer
13.16.1 Biospringer Company Overview
13.16.2 Biospringer Business Overview
13.16.3 Biospringer Yeast and Yeast Extract Major Product Offerings
13.16.4 Biospringer Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.16.5 Key News
13.17 Thai Foods International
13.17.1 Thai Foods International Company Overview
13.17.2 Thai Foods International Business Overview
13.17.3 Thai Foods International Yeast and Yeast Extract Major Product Offerings
13.17.4 Thai Foods International Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.17.5 Key News
13.18 Alltech
13.18.1 Alltech Company Overview
13.18.2 Alltech Business Overview
13.18.3 Alltech Yeast and Yeast Extract Major Product Offerings
13.18.4 Alltech Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.18.5 Key News
13.19 Ohly
13.19.1 Ohly Company Overview
13.19.2 Ohly Business Overview
13.19.3 Ohly Yeast and Yeast Extract Major Product Offerings
13.19.4 Ohly Yeast and Yeast Extract Sales and Revenue fromYeast and Yeast Extract (2020-2025)
13.19.5 Key News
14 Key Market Trends, Opportunity, Drivers and Restraints
14.1 Key Takeway
14.2 Market Opportunities & Trends
14.3 Market Drivers
14.4 Market Restraints
14.5 Market Major Factor Assessment
14.6 Porter's Five Forces Analysis of Yeast and Yeast Extract Market
14.7 PEST Analysis of Yeast and Yeast Extract Market
15 Analysis of the Yeast and Yeast Extract Industry Chain
15.1 Overview of the Industry Chain
15.2 Upstream Segment Analysis
15.3 Midstream Segment Analysis
15.3.1 Manufacturing, Processing or Conversion Process Analysis
15.3.2 Key Technology Analysis
15.4 Downstream Segment Analysis
15.4.1 Downstream Customer List and Contact Details
15.4.2 Customer Concerns or Preference Analysis
16 Conclusion
17 Appendix
17.1 Methodology
17.2 Research Process and Data Source
17.3 Disclaimer
17.4 Note
17.5 Examples of Clients
17.6 Disclaimer
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