The increasing demand for Taurine in energy drinks and pet food are driving its market demand.
Market Size – USD 233.8 Million in 2018, Market Growth – CAGR of 6.3%, Market Trends – Growing concern for health.
The global Taurine market is forecast to reach USD 408.1 Million by 2027, according to a new report by Reports and Data. Taurine is a type of amino acid and is found in large amounts in the heart, retina, brain, and blood cells called platelets. The most common food sources of Taurine are meat and fish. It is essential for building protein blocks in the body. Taurine is crucial for the growth of infants as well as those who are at risk of various diseases.
Taurine is fed to children by the addition of milk and is also fed to people on life supports and is tube-fed. The chemical has life-saving potential for most patients. The acid’s supplements are also used in the treatment of liver disease, heart failure, high blood pressure, as well as cystic fibrosis. The acid is applicable in the treatment of epilepsy, alcoholism, ADHD, eye problems, autism, and diabetes.
Cosmetic containing Taurine has increased since the 2000s due to its antifibrotic properties. It has also shown to prevent damaging effects of TGFB1 to the hair follicle and helps in maintaining skin hydration. The market product is used in some of the contact lens solutions as well.
Key participants include Hangzhou FST Pharmaceutical Co Ltd., Tycoon Company Limited, Jiangsu Yuanyang Pharmaceutical Co Ltd., Jiangyin Huachang Food Additive Co Ltd., Shayang Tianyi Medicine Industry Co Ltd., Ajinomoto Co., Inc., Fuchi Pharmaceutical Co., Ltd., Kyowa Hakko Bio Co., Ltd., Honjo Chemical, and Grand Pharma, among others.
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Further key findings from the report suggest
- Taurine is used very commonly in the beverages. It is used in supplements and energy drinks for highly trained athletes as well as an average young person to drive themselves to their goals. An increase in personal developments, coupled with a growing demand for cosmetics, and rising awareness in health is expected to propel the market demand.
- Taurine enhances blood sugar control and also helps in combating diabetes. Long term consumption of Taurine supplement decreases fasting blood sugar levels in diabetic rats-without any changes in exercise or diet.
- Taurine can be synthesized from methionine and cysteine in the presence of vitamin B6 (1,2) and can be obtained from the diet, predominantly through meat, eggs, and seafood. Taurine is involved in many diverse physiological and biological functions, such as it plays a role in fat digestion and bile salt formation.
- China is among the leading manufacturer of Taurine, with more than 40 manufacturers in the country contributing to the largest production of the market product globally. Several manufacturers are outsourcing their production of Taurine to China and hunting low-priced suppliers in this country. Countries like India and China, are creating more growth opportunities for the Taurine market owing to the growing chemical industries.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/taurine-market
For the purpose of this report, Reports and Data have segmented into the global Taurine market on the basis of form, application, grade, source, and region:
Form Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
- Healthcare products
- Pet Food
Grade Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
- Food Grade
- Pharmaceutical Grade
Source Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
Regional Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
- North America
- Asia Pacific
- Latin America
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Taurine Market Segmentation & Impact Analysis
4.1. Taurine Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Thriving natural and plant-based ingredients
22.214.171.124. Growing consumption of health drinks and nutritional dietary supplements
4.2.3. Market restraints analysis
126.96.36.199. Expensive in nature
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape
Chapter 11. Company Profiles
11.1. Hangzhou FST Pharmaceutical Co Ltd
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Technology Insights
11.1.4. Strategic Initiatives
11.2. Tycoon Company Limited
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Technology Insights
11.2.4. Strategic Initiatives
11.3. Jiangsu Yuanyang Pharmaceutical Co Ltd
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Technology Insights
11.3.4. Strategic Initiatives
11.4. Jiangyin Huachang Food Additive Co Ltd
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Technology Insights
11.4.4. Strategic Initiatives
11.5. Shayang Tianyi Medicine Industry Co Ltd.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Technology Insights
11.5.4. Strategic Initiatives
11.6. Ajinomoto Co., Inc.
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Technology Insights
11.6.4. Strategic Initiatives
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