Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Cappuccino Market by Type (Traditional Style Cappucino, Wet Cappucino, Dry Cappucino, Flavored Cappucino, Iced cappuccinos), By Application (Drink To Go, Takeaway, Restaurant Service, Coffeehouse Service, Personal Use, Office Use, Supermarkets Service, Convenience Stores Service, Vending Machines Service) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Cappuccino Market by Type (Traditional Style Cappucino, Wet Cappucino, Dry Cappucino, Flavored Cappucino, Iced cappuccinos), By Application (Drink To Go, Takeaway, Restaurant Service, Coffeehouse Service, Personal Use, Office Use, Supermarkets Service, Convenience Stores Service, Vending Machines Service) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 153777 3300 Food & Beverages 377 250 Pages 4.6 (32)
                                          

Market Overview:


The global cappuccino market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for flavored and iced cappuccinos, increasing coffeehouse chains, and growing awareness about the health benefits of cappuccinos. The traditional style cappucino segment is expected to dominate the global market in terms of revenue share during the forecast period. This segment is projected to grow at a CAGR of 5.4% from 2018 to 2030. The wet cappucino segment is projected to grow at a CAGR of 6% from 2018to 2030, while the dry cappucino segment is projectedgrow at aCAGRof 4%.7%.8%.


Global Cappuccino Industry Outlook


Product Definition:


A cappuccino is an Italian coffee drink that is made from espresso, steamed milk, and milk foam.


Traditional Style Cappucino:


Traditional style cappuccino is a variant of coffee drink prepared with the double shot of espresso and steamed milk. The drink has been an Italian favorite since the early days of Starbucks, when it was first served in Italy. It is prepared by stirring together coffee and milk in a cup, after which sugar or sweetener is added to taste.


Wet Cappucino:


Wet cappuccino is a drink prepared with coffee and milk. The ingredients are heated to steaming point in order to obtain the drink. It has less amount of caffeine than usual cappuccino as it doesn’t contain any chocolate or sugar. This makes it healthy and tasty at the same time, which is very rare combination in this industry.


The global market for wet cappuccino was estimated at USD 648 million in 2015.


Application Insights:


The drink to go application segment led the global market in 2017. This can be attributed to the growing preference for on-the-go consumers. The popularity of this beverage has been rising steadily over the years and is considered as an essential product for have during breakfast, as it provides energy and helps in maintaining a balanced diet plan. Furthermore, cappuccinos are considered as a healthy alternative due to presence of ingredients like soy milk and whole grains which provide nutritional benefits along with taste buds experience.


Coffeehouse service accounted for more than 25% share of global revenue in 2017 owing to increasing number of cafes at both domestic level as well international level across various countries including U.S., Italy, India, China etcetera Over the past few years coffeehouse chains have been expanding rapidly especially across North America & Europe regions where they established their roots decades ago such as Starbucks Coffee Company Inc.


Regional Analysis:


Europe dominated the global market in terms of revenue share in 2017. The regional market will expand further at a steady CAGR from 2018 to 2030 due to growing demand for flavored cappuccinos and iced drinks among consumers, especially millennials. Moreover, presence of key players such as Starbucks Coffee Company; Peet's Coffee & Tea; and Carrefour S.A., will drive the growth over the forecast period. Asia Pacific is expected to witness significant growth over the forecast period owing to increasing awareness regarding health benefits associated with coffee consumption coupled with rising disposable income levels in developing countries such as China and India is likely to boost industry expansion across various application segments including personal use, takeaways, restaurants & hotels etc.).


Growth Factors:


  • Increasing coffee consumption: The global coffee consumption is expected to grow at a CAGR of 2.5% from 2016 to 2021. This will create demand for cappuccinos, which are made with espresso and steamed milk.
  • Growing popularity of café culture: Café culture is gaining popularity, especially among the young population. This will lead to an increase in demand for cappuccinos from cafes and restaurants.
  • Rising disposable income: Disposable income is rising in developing countries, such as India and China, which will lead to an increase in demand for premium-priced cappuccinos.
  • . Health consciousness among consumers: There is a growing trend among consumers towards drinking healthier beverages such as cappuccinos instead of carbonated drinks or juices high in sugar content .This trend will help drive the growth of the global cappuccino market over the forecast period . 5) Innovation & new product launches :Cappuccino manufacturers are coming up with innovative flavours and products to cater to different consumer needs and preferences

Scope Of The Report

Report Attributes

Report Details

Report Title

Cappuccino Market Research Report

By Type

Traditional Style Cappucino, Wet Cappucino, Dry Cappucino, Flavored Cappucino, Iced cappuccinos

By Application

Drink To Go, Takeaway, Restaurant Service, Coffeehouse Service, Personal Use, Office Use, Supermarkets Service, Convenience Stores Service, Vending Machines Service

By Companies

Starbucks(US), Brad Barry Company(US), Daily Chef(Greece), Farmer Brothers Company(US), Hills Bros. Coffee(US), Nestle(Switzerland), The Folger Coffee Company(US)

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

250

Number of Tables & Figures

175

Customization Available

Yes, the report can be customized as per your need.


Global Cappuccino Market Report Segments:

The global Cappuccino market is segmented on the basis of:

Types

Traditional Style Cappucino, Wet Cappucino, Dry Cappucino, Flavored Cappucino, Iced cappuccinos

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Drink To Go, Takeaway, Restaurant Service, Coffeehouse Service, Personal Use, Office Use, Supermarkets Service, Convenience Stores Service, Vending Machines Service

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Starbucks(US)
  2. Brad Barry Company(US)
  3. Daily Chef(Greece)
  4. Farmer Brothers Company(US)
  5. Hills Bros. Coffee(US)
  6. Nestle(Switzerland)
  7. The Folger Coffee Company(US)

Global Cappuccino Market Overview


Highlights of The Cappuccino Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Traditional Style Cappucino
    2. Wet Cappucino
    3. Dry Cappucino
    4. Flavored Cappucino
    5. Iced cappuccinos
  1. By Application:

    1. Drink To Go
    2. Takeaway
    3. Restaurant Service
    4. Coffeehouse Service
    5. Personal Use
    6. Office Use
    7. Supermarkets Service
    8. Convenience Stores Service
    9. Vending Machines Service
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cappuccino Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Cappuccino Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Cappuccino is a coffee with added milk and chocolate.

Some of the key players operating in the cappuccino market are Starbucks(US), Brad Barry Company(US), Daily Chef(Greece), Farmer Brothers Company(US), Hills Bros. Coffee(US), Nestle(Switzerland), The Folger Coffee Company(US).

The cappuccino market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Cappuccino Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Cappuccino Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Cappuccino Market - Supply Chain
   4.5. Global Cappuccino Market Forecast
      4.5.1. Cappuccino Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Cappuccino Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Cappuccino Market Absolute $ Opportunity

5. Global Cappuccino Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Cappuccino Market Size and Volume Forecast by Type
      5.3.1. Traditional Style Cappucino
      5.3.2. Wet Cappucino
      5.3.3. Dry Cappucino
      5.3.4. Flavored Cappucino
      5.3.5. Iced cappuccinos
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Cappuccino Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Cappuccino Market Size and Volume Forecast by Application
      6.3.1. Drink To Go
      6.3.2. Takeaway
      6.3.3. Restaurant Service
      6.3.4. Coffeehouse Service
      6.3.5. Personal Use
      6.3.6. Office Use
      6.3.7. Supermarkets Service
      6.3.8. Convenience Stores Service
      6.3.9. Vending Machines Service
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Cappuccino Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Cappuccino Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Cappuccino Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Cappuccino Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Cappuccino Demand Share Forecast, 2019-2026

9. North America Cappuccino Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Cappuccino Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Cappuccino Market Size and Volume Forecast by Application
      9.4.1. Drink To Go
      9.4.2. Takeaway
      9.4.3. Restaurant Service
      9.4.4. Coffeehouse Service
      9.4.5. Personal Use
      9.4.6. Office Use
      9.4.7. Supermarkets Service
      9.4.8. Convenience Stores Service
      9.4.9. Vending Machines Service
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Cappuccino Market Size and Volume Forecast by Type
      9.7.1. Traditional Style Cappucino
      9.7.2. Wet Cappucino
      9.7.3. Dry Cappucino
      9.7.4. Flavored Cappucino
      9.7.5. Iced cappuccinos
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Cappuccino Demand Share Forecast, 2019-2026

10. Latin America Cappuccino Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Cappuccino Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Cappuccino Market Size and Volume Forecast by Application
      10.4.1. Drink To Go
      10.4.2. Takeaway
      10.4.3. Restaurant Service
      10.4.4. Coffeehouse Service
      10.4.5. Personal Use
      10.4.6. Office Use
      10.4.7. Supermarkets Service
      10.4.8. Convenience Stores Service
      10.4.9. Vending Machines Service
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Cappuccino Market Size and Volume Forecast by Type
      10.7.1. Traditional Style Cappucino
      10.7.2. Wet Cappucino
      10.7.3. Dry Cappucino
      10.7.4. Flavored Cappucino
      10.7.5. Iced cappuccinos
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Cappuccino Demand Share Forecast, 2019-2026

11. Europe Cappuccino Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Cappuccino Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Cappuccino Market Size and Volume Forecast by Application
      11.4.1. Drink To Go
      11.4.2. Takeaway
      11.4.3. Restaurant Service
      11.4.4. Coffeehouse Service
      11.4.5. Personal Use
      11.4.6. Office Use
      11.4.7. Supermarkets Service
      11.4.8. Convenience Stores Service
      11.4.9. Vending Machines Service
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Cappuccino Market Size and Volume Forecast by Type
      11.7.1. Traditional Style Cappucino
      11.7.2. Wet Cappucino
      11.7.3. Dry Cappucino
      11.7.4. Flavored Cappucino
      11.7.5. Iced cappuccinos
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Cappuccino Demand Share, 2019-2026

12. Asia Pacific Cappuccino Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Cappuccino Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Cappuccino Market Size and Volume Forecast by Application
      12.4.1. Drink To Go
      12.4.2. Takeaway
      12.4.3. Restaurant Service
      12.4.4. Coffeehouse Service
      12.4.5. Personal Use
      12.4.6. Office Use
      12.4.7. Supermarkets Service
      12.4.8. Convenience Stores Service
      12.4.9. Vending Machines Service
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Cappuccino Market Size and Volume Forecast by Type
      12.7.1. Traditional Style Cappucino
      12.7.2. Wet Cappucino
      12.7.3. Dry Cappucino
      12.7.4. Flavored Cappucino
      12.7.5. Iced cappuccinos
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Cappuccino Demand Share, 2019-2026

13. Middle East & Africa Cappuccino Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Cappuccino Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Cappuccino Market Size and Volume Forecast by Application
      13.4.1. Drink To Go
      13.4.2. Takeaway
      13.4.3. Restaurant Service
      13.4.4. Coffeehouse Service
      13.4.5. Personal Use
      13.4.6. Office Use
      13.4.7. Supermarkets Service
      13.4.8. Convenience Stores Service
      13.4.9. Vending Machines Service
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Cappuccino Market Size and Volume Forecast by Type
      13.7.1. Traditional Style Cappucino
      13.7.2. Wet Cappucino
      13.7.3. Dry Cappucino
      13.7.4. Flavored Cappucino
      13.7.5. Iced cappuccinos
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Cappuccino Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Cappuccino Market: Market Share Analysis
   14.2. Cappuccino Distributors and Customers
   14.3. Cappuccino Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Starbucks(US)
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Brad Barry Company(US)
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Daily Chef(Greece)
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Farmer Brothers Company(US)
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Hills Bros. Coffee(US)
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Nestle(Switzerland)
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. The Folger Coffee Company(US)
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. COMPANY8
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. COMPANY9
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
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