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Tripotassium Citrate Market by Type (Tripotassium Citrate Monohydrate, Tripotassium Citrate Anhydrate) by Function (Acidulant, Emulsifier, Diuretic, Stabilizer, Chelating, Antioxidant) by End-user (Food and Beverage, Pharmaceuticals, Personal Care, Household, Others)- Growth, Future Prospects And Competitive Analysis, 2016 – 2028

Name: Tripotassium Citrate Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2022-03-03
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Tripotassium Citrate Market

Summary
Table Of Content
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Market Insights

The potassium salt of citric acid is called Tripotassium Citrate. Tripotassium Citrate is a white crystalline powder and hygroscopic. It tastes like saline and has no odor. Tripotassium Citrate contains around 38% potassium by mass. Tripotassium Citrate is available in two types monohydrate and anhydrate. Tripotassium Citrate is increasingly being used as a substitute for sodium citrate. Tripotassium Citrate is primarily used to control acidity and supplement sources of potassium.

The global Tripotassium Citrate market is expected to witness a CAGR of 3.87% during the forecast period. The revenue generated by the global Tripotassium Citrate market in 2021 was over USD 746.32 million and is expected to generate revenue worth USD 984.45 million in 2028. Therefore, the incremental growth opportunity offered by the global Tripotassium Citrate is estimated to be USD 6.17 billion between 2022 and 2028.

Interesting Facts about Tripotassium Citrate Industry

Tripotassium Citrate primarily used to control kidney stones
Tripotassium Citrate is very crucial in the treatment of gout
Tripotassium Citrate is widely used as a buffering agent in many soft drinks
In the food industry, Tripotassium Citrate is mainly used to regulate acidity
The Asia Pacific dominates the production as well as consumption of Tripotassium Citrate

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Slow Yet Steady Demand from Pharmaceutical Industry

Food and Beverage, Pharmaceuticals, Personal Care and Household, and others are major end-user industries for the Tripotassium Citrate market. Pharmaceutical is by far and large leading end-user industry for Tripotassium Citrate. It held over 40% share in the total volume of Tripotassium Citrate consumed in 2021. Tripotassium Citrate can be rapidly absorbed and excreted in urine when consumed orally. Tripotassium Citrate is an alkaline salt; it’s helpful in pain management and reducing urine frequency. It is also an effective treatment for mild urinary infections such as cystitis. Secondly, Tripotassium Citrate is also very effective in treating gout. Food & beverage is another important consumer industry for Tripotassium Citrate. Demand for Tripotassium Citrate is likely to increase at the fastest CAGR compared to other end-user industries. Tripotassium Citrate is potentially used as a buffering agent in soft drink production. In contrast, acceptance of Tripotassium Citrate is growing in the food & beverage industry as an acidity regulator.

Tripotassium Citrate Monohydrate Held the Largest Share

Tripotassium Citrate Monohydrate and Tripotassium Citrate Anhydrate are two significant types of Tripotassium Citrate. Tripotassium Citrate Monohydrate held the largest share of over 60% in volume and revenue in 2021. Tripotassium Citrate demand is spurred by increasing application areas apart from food & beverage and pharmaceuticals. Tripotassium Citrate is increasingly being used to produce personal care products and household products.

Growing Use of Tripotassium Citrate for Different Functions

Acidulant, Emulsifier, Diuretic, Stabilizer, Chelating, and Antioxidant are significant functions for which Tripotassium Citrate is used. Tripotassium Citrate is widely used to regulate acidity as a stabilizer, chelation agent, and antioxidant. Tripotassium Citrate is primarily used as a functional agent in the food & beverage industry. It plays a crucial role in the food & beverage industry as an emulsifier, stabilizer, acidity regulator, antioxidant, etc. For instance, Tripotassium Citrate is used as an emulsifier in sliced & processed cheese products. In addition, Tripotassium Citrate is widely used in ice-cream mix, club soda, jams, sweets, milk powder, wine, carbonated beverages, etc.

Impact of Russia – Ukraine War

The Tripotassium Citrate market is mainly dominated by the Asia Pacific and production and consumption. There are very few companies located in Russia and Ukraine. Moreover, the consumption volume of Tripotassium Citrate is also just around 2 to 35 in Russia and Ukraine. This, in turn, will have no significant impact on global Tripotassium Citrate market dynamics.

Massive Consumption in the Asia Pacific

Tripotassium Citrate consumption, as well as production, is dominated by the Asia Pacific. It held over 45% share in 2021. China overlooks the Asia Pacific. China has emerged as the single largest market for the production of Tripotassium Citrate. It also dominates the export and is one of Tripotassium Citrate’s largest exporters to the world. While Japan, South Korea, and India are the most promising markets for future growth of Tripotassium Citrate. Europe is the second largest market for Tripotassium Citrate. Germany, the UK, and France are leading markets in Europe. Brazil, Egypt, Vietnam, South Africa, Italy, and Spain are important markets for the Tripotassium Citrate industry.

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Highly Fragmented Nature of Global Tripotassium Citrate Market

The global Tripotassium Citrate market is flooded with a large number of players. ADM, Atpgroup, Cargill, FBC Industries, Gadot Biochemical Industries, Hunan Dongting Citric Acid Chemical, Jungbunzlauer Company, Lohmann, Natural Biological Group, RZBC, Shuren Kechuang (Lianyungang), and Tate & Lyle are some of the prominent players in the global Tripotassium Citrate industry. The market is highly fragmented, and a large number of players are present across the world. The aforementioned players held just over 45% share of global market in 2021.

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Tripotassium Citrate Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Tripotassium Citrate Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Function
3.3.3. End-user
3.3.4. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Function
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

4.4.1. Key Strategies Analysis
4.4.2. Mergers and Acquisitions
4.4.3. Partnerships
4.4.4. Product Launch
4.4.5. Geographical Expansion
4.4.6. Others

5. COVID 19 Impact Analysis
5.1. Global Tripotassium Citrate Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Tripotassium Citrate Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Tripotassium Citrate Market, by Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Tripotassium Citrate Monohydrate (PS)
6.2.3. Tripotassium Citrate Anhydrate
6.3. North America Tripotassium Citrate Market, by Function, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Acidulant
6.3.3. Emulsifier
6.3.4. Diuretic
6.3.5. Stabilizer
6.3.6. Chelating
6.3.7. Antioxidant
6.4. North America Tripotassium Citrate Market, by End-user, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Food & Beverage
6.4.3. Pharmaceuticals
6.4.4. Personal Care
6.4.5. Household
6.4.6. Others

7. Europe
7.1. Europe Tripotassium Citrate Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Spain
7.1.7. Belgium
7.1.8. Netherland
7.1.9. Austria
7.1.10. Sweden
7.1.11. Poland
7.1.12. Denmark
7.1.13. Switzerland
7.1.14. Rest of Europe
7.2. Europe Tripotassium Citrate Market, by Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Tripotassium Citrate Monohydrate (PS)
7.2.3. Tripotassium Citrate Anhydrate
7.3. Europe Tripotassium Citrate Market, by Function, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Acidulant
7.3.3. Emulsifier
7.3.4. Diuretic
7.3.5. Stabilizer
7.3.6. Chelating
7.3.7. Antioxidant
7.4. Europe Tripotassium Citrate Market, by End-user, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Food & Beverage
7.4.3. Pharmaceuticals
7.4.4. Personal Care
7.4.5. Household
7.4.6. Others

8. Asia Pacific
8.1. Asia Pacific Tripotassium Citrate Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Southeast Asia
8.1.9. Central Asia
8.1.10. Rest of Asia Pacific
8.2. Asia Pacific Tripotassium Citrate Market, by Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Tripotassium Citrate Monohydrate (PS)
8.2.3. Tripotassium Citrate Anhydrate
8.3. Asia Pacific Tripotassium Citrate Market, by Function, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Acidulant
8.3.3. Emulsifier
8.3.4. Diuretic
8.3.5. Stabilizer
8.3.6. Chelating
8.3.7. Antioxidant
8.4. Asia Pacific Tripotassium Citrate Market, by End-user, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Food & Beverage
8.4.3. Pharmaceuticals
8.4.4. Personal Care
8.4.5. Household
8.4.6. Others

9. Latin America
9.1. Latin America Tripotassium Citrate Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Tripotassium Citrate Market, by Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Tripotassium Citrate Monohydrate (PS)
9.2.3. Tripotassium Citrate Anhydrate
9.3. Latin America Tripotassium Citrate Market, by Function, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Acidulant
9.3.3. Emulsifier
9.3.4. Diuretic
9.3.5. Stabilizer
9.3.6. Chelating
9.3.7. Antioxidant
9.4. Latin America Tripotassium Citrate Market, by End-user, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Food & Beverage
9.4.3. Pharmaceuticals
9.4.4. Personal Care
9.4.5. Household
9.4.6. Others

10. Middle East
10.1. Middle East Tripotassium Citrate Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Tripotassium Citrate Market, by Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Tripotassium Citrate Monohydrate (PS)
10.2.3. Tripotassium Citrate Anhydrate
10.3. Middle East Tripotassium Citrate Market, by Function, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Acidulant
10.3.3. Emulsifier
10.3.4. Diuretic
10.3.5. Stabilizer
10.3.6. Chelating
10.3.7. Antioxidant
10.4. Middle East Tripotassium Citrate Market, by End-user, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Food & Beverage
10.4.3. Pharmaceuticals
10.4.4. Personal Care
10.4.5. Household
10.4.6. Other

11. Africa
11.1. Africa Tripotassium Citrate Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Tripotassium Citrate Market, by Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Tripotassium Citrate Monohydrate (PS)
11.2.3. Tripotassium Citrate Anhydrate
11.3. Africa Tripotassium Citrate Market, by Function, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Acidulant
11.3.3. Emulsifier
11.3.4. Diuretic
11.3.5. Stabilizer
11.3.6. Chelating
11.3.7. Antioxidant
11.4. Africa Tripotassium Citrate Market, by End-user, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Food & Beverage
11.4.3. Pharmaceuticals
11.4.4. Personal Care
11.4.5. Household
11.4.6. Others

12. Global
12.1. Global Tripotassium Citrate Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Tripotassium Citrate Monohydrate (PS)
12.1.3. Tripotassium Citrate Anhydrate
12.2. Global Tripotassium Citrate Market, by Function, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Acidulant
12.2.3. Emulsifier
12.2.4. Diuretic
12.2.5. Stabilizer
12.2.6. Chelating
12.2.7. Antioxidant
12.3. Global Tripotassium Citrate Market, by End-user, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Food & Beverage
12.3.3. Pharmaceuticals
12.3.4. Personal Care
12.3.5. Household
12.3.6. Others

13. Company Profiles
13.1. ADM
13.2. Atpgroup
13.3. Cargill
13.4. FBC Industries
13.5. Gadot Biochemical Industries
13.6. Hunan Dongting Citric Acid Chemical
13.7. Jungbunzlauer Company
13.8. Lohmann
13.9. Natural Biological Group
13.10. RZBC
13.11. Shuren Kechuang (Lianyungang)
13.12. Tate & Lyle
13.13. Others

List of Figures
FIG. 1 Global Tripotassium Citrate Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Tripotassium Citrate Market Segmentation
FIG. 4 Global Tripotassium Citrate Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Tripotassium Citrate Market, by Function, 2019 (US$ Bn)
FIG. 6 Global Tripotassium Citrate Market, by End-user, 2021 (US$ Bn)
FIG. 7 Global Tripotassium Citrate Market, by Geography, 2021 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2021
FIG. 9 Global Market Positioning of Key Tripotassium Citrate Market Manufacturers, 2019
FIG. 10 Global Tripotassium Citrate Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 11 Global Tripotassium Citrate Market, by Tripotassium Citrate Monohydrate (PS), Value, 2016-2028 (US$ Bn)
FIG. 12 Global Tripotassium Citrate Market, by Tripotassium Citrate Anhydrate, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Tripotassium Citrate Market Value Contribution, By Function, 2021 & 2028 (Value %)
FIG. 14 Global Tripotassium Citrate Market, by Acidulant, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Tripotassium Citrate Market, by Emulsifier, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Tripotassium Citrate Market, by Diuretic, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Tripotassium Citrate Market, by Stabilizer, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Tripotassium Citrate Market, by Chelating, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Tripotassium Citrate Market, by Antioxidant, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Tripotassium Citrate Market Value Contribution, By End-user, 2021 & 2028 (Value %)
FIG. 21 Global Tripotassium Citrate Market, by Food & Beverage, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Tripotassium Citrate Market, by Pharmaceuticals, Value, 2016-2028 (US$ Bn)
FIG. 23 Global Tripotassium Citrate Market, by Personal Care, Value, 2016-2028 (US$ Bn)
FIG. 24 U.S. Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 25 Rest of North America Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 26 U.K. Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 27 Germany Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 28 France Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 29 Italy Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 30 Spain Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 31 Russia Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 32 BENELUX Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 33 Poland Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 34 Austria Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 35 Rest of Europe Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 36 Japan Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 37 China Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 38 India Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 39 South Korea Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 40 Australia Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 41 Southeast Asia Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 42 Rest of Asia Pacific Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 43 Middle East & Africa Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 44 South Africa Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 45 Nigeria Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 46 Egypt Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 47 GCC Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 48 Israel Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 49 Latin America Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 50 Mechanicalzil Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 51 Argentina Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 52 Colombia Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 53 Peru Tripotassium Citrate Market, 2016-2028 (US$ Bn)
FIG. 54 Chile Tripotassium Citrate Market, 2016-2028 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Beauty Devices (Tripotassium Citrate) Market
TABLE 2 Global Tripotassium Citrate Market, by Function, 2016-2028 (US$ Bn)
TABLE 3 Global Tripotassium Citrate Market, by End-user, 2016-2028 (US$ Bn)
TABLE 4 Global Tripotassium Citrate Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Tripotassium Citrate Market, by Function, 2016-2028 (US$ Bn)
TABLE 6 North America Tripotassium Citrate Market, by End-user, 2016-2028 (US$ Bn)
TABLE 7 North America Tripotassium Citrate Market, by Country, 2016-2028 (US$ Bn)
TABLE 8 Europe Tripotassium Citrate Market, by Function, 2016-2028 (US$ Bn)
TABLE 9 Europe Tripotassium Citrate Market, by End-user, 2016-2028 (US$ Bn)
TABLE 10 Europe Tripotassium Citrate Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11 Asia Pacific Tripotassium Citrate Market, by Function, 2016-2028 (US$ Bn)
TABLE 12 Asia Pacific Tripotassium Citrate Market, by End-user, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Tripotassium Citrate Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14 Latin America Tripotassium Citrate Market, by Function, 2016-2028 (US$ Bn)
TABLE 15 Latin America Tripotassium Citrate Market, by End-user, 2016-2028 (US$ Bn)
TABLE 16 Latin America Tripotassium Citrate Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17 Middle East Tripotassium Citrate Market, by Function, 2016-2028 (US$ Bn)
TABLE 18 Middle East Tripotassium Citrate Market, by End-user, 2016-2028 (US$ Bn)
TABLE 19 Middle East Tripotassium Citrate Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20 Africa Tripotassium Citrate Market, by Function, 2016-2028 (US$ Bn)
TABLE 21 Africa Tripotassium Citrate Market, by End-user, 2016-2028 (US$ Bn)
TABLE 22 Africa Tripotassium Citrate Market, by Country/Region, 2016-2028 (US$ Bn)

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Frequently asked questions

How COVID 19 Impacted Tripotassium Citrate Market?

Likewise other industries, COVID 19 also taken a toll on Tripotassium Citrate market with around 8.03% decline in its growth rate in 2020 as compare to 2019

Which is the leading regional market for Tripotassium Citrate?

Asia Pacific is the largest regional market with highest share in the total revenue generation of Tripotassium Citrate consumed in 2021

What is the major growth driving factors for global Tripotassium Citrate market?

Ever increasing demand from pharmaceutical industry across the world is primary market growth driver for the global Tripotassium Citrate market

Which is major segment in Tripotassium Citrate market by Type?

Tripotassium Citrate Monohydrate segment dominated the Tripotassium Citrate market in 2021 with over 60% share

Which is major segment in Tripotassium Citrate market by End-user?

Pharmaceuticals was the largest end-user of Tripotassium Citrate in 2021 with over 40% share

About Author

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

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