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Taurine Market Size - By Type (Food grade, Pharmaceutical grade), Application (Food and beverages, Animal feed, Dietary supplements, Cosmetics and personal care, Pharmaceuticals), Form (Tablets, Liquid based serum), Source & Global Forecast, 2023-2032

  • Report ID: GMI7049
  • Published Date: Oct 2023
  • Report Format: PDF

Taurine Market Size

Taurine Market size was valued at USD 2 billion in 2022 and is anticipated to register a CAGR of over 5.3% between 2023 and 2032. The energy drink industry has been expanding globally, with taurine being a common ingredient in these products due to its stimulating effects, which can help in boosting energy and mental alertness.
 

Taurine Market

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In addition, it is used as a supplement by athletes and fitness enthusiasts to enhance performance and reduce muscle soreness. As the sports and fitness industry continues to grow, it can drive the demand for taurine-containing products.
 

While taurine is generally recognized as safe when consumed in moderation, excessive intake or misuse can lead to health concerns. Negative publicity regarding the safety of taurine-containing products can be a restraint. In addition, limited consumer awareness regarding the benefits of taurine and its sources can be a challenge for the market. Educating consumers about taurine's positive attributes may require additional effort.
 

COVID-19 Impact

Consumer demand dwindled due to economic uncertainty and health concerns, reducing the sales of taurine-related items. Regulatory scrutiny increased during the pandemic, raising the bar for product safety and quality control, which could impact taurine-containing products. Consumption patterns shifted as people focused more on health and wellness, which could both boost interest in dietary supplements with taurine and raise scrutiny on health claims.
 

Taurine Market Trends

Taurine has found its way into dietary supplements, particularly those targeting sports and fitness enthusiasts. These supplements are marketed as promoting physical performance and recovery. In addition, consumers are becoming more conscious of product ingredients, and there is a trend towards clean label products and natural sourcing of taurine. This includes seeking taurine from natural sources like algae.
 

Taurine Market Analysis

Taurine Market Size, By Type , 2021 - 2032 (USD Billion)

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Based on the type, the food grade segment dominated around USD 1.6 billion revenue in 2022. consumers are increasingly seeking out functional foods and beverages that offer health benefits beyond basic nutrition. Taurine is recognized for its potential to improve energy levels, support cardiovascular health, and aid in various physiological functions. As a result, food and beverage manufacturers have incorporated taurine into their products to meet this demand.
 

Taurine Market Revenue Share, By Source, (2022)

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 Based on source, the synthetic segment held over 79.4% of the taurine market share in 2022. Synthetic taurine production methods are typically more cost-effective than extraction from natural sources, such as animal tissues or seafood. This cost advantage makes synthetic taurine a more attractive option for food and beverage manufacturers looking to incorporate taurine into their products at a lower cost.
 

Taurine Market Revenue Share, By Application, (2022)

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Based on application, the food and beverage segment accounted for 58.9% of the market share in 2022. Food and beverage manufacturers are incorporating functional ingredients, such as probiotics, antioxidants, vitamins, minerals, and amino acids like taurine, to enhance the health benefits of their products. Taurine is used in energy drinks, sports beverages, dietary supplements, and functional snacks.
 

Taurine Market Revenue Share, By Form, (2022)

Based on form, the tablets segment registered more than 58.4% of the taurine market share in 2022.Tablets allow for precise dosage control, which is essential for dietary supplements and medications that contain taurine. This is particularly important for individuals who require specific taurine levels for health or performance reasons.
 

 Asia Pacifc Taurine Market Revenue, 2021 - 2032 (USD Billion)

The Asia pacific taurine market size reached USD 0.82 billion in 2022. The sports and fitness industry is growing in the Asia-Pacific region. Taurine is sometimes used in sports nutrition products due to its potential to enhance physical performance and reduce muscle fatigue. In addition, the pharmaceutical and nutraceutical industries in the Asia-Pacific region have been expanding, leading to increased production and marketing of taurine-containing products.
 

Taurine Market Share

Major companies operating in the taurine industry includes:

  •  Yongan Pharmaceutical
  • Grand Pharma
  • Jiangyin Huachang
  • Taisho Pharmaceutical Holdings Co., Ltd.
  • Avanscure LifeSciences Pvt. Ltd.
  • Atlantic Chemicals Trading GmbH
  • The Honjo Chemical Corporation
  • Qianjiang Yongan Pharmaceutical Co., Ltd.
  • Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd.
  • Advance Inorganics
  • Aakriti Trading Company
  • Kyowa Hakko Bio Co., Ltd.

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market. 
 

Yongan Pharmaceutical offers a diverse range of medications, spanning multiple therapeutic areas such as respiratory, cardiovascular, and digestive health. Their product portfolio likely extends to include dietary supplements and traditional Chinese medicines. To ensure product safety and efficacy, the company adheres to rigorous regulatory standards, both within China and in alignment with international requirements. With a presence in the Chinese pharmaceutical market, the company's distribution network typically includes pharmacies, hospitals, and wholesalers.
 

Taurine Industry News

  • In Feb, 2020.  Yongan Pharmaceutical Co., Ltd. acquire a 35% stake in Wuhan Low-dimensional Materials Research Institute Co., Ltd. This is expected to increase the consumer base of the region.
     

The taurine market research report includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Kilo Tones) from 2018 to 2032, for the following segments:

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Market, By Type

  • Food grade
  • Pharmaceutical grade

Market, By Source

  • Natural
  • Synthetic

Market, By Application

  • Food and beverages
  • Animal feed
  • Dietary supplements
  • Cosmetics and personal care
  • Pharmaceuticals
  • Others

Market, By Form

  • Tablets
  • Liquid based serum
  • Other

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of taurine reached USD 2 billion in 2022 and is set to expand at over 5.3% CAGR from 2023 to 2032, attributed to increasing usage as a common ingredient in the energy drink vertical and in the production of supplements.
Food grade taurine segment was worth USD 1.6 billion in 2022, owing to the increasing consumer demand for functional foods and beverages offering health benefits beyond basic nutrition.
Asia Pacific market generated USD 0.82 billion in revenue in 2022, due to rising demand from the sports and fitness industry as well as pharmaceutical and nutraceutical sectors.
Some of the major taurine companies are Yongan Pharmaceutical, Grand Pharma, Jiangyin Huachang, Taisho Pharmaceutical Holdings Co., Ltd., Avanscure LifeSciences Pvt. Ltd., Atlantic Chemicals Trading GmbH, The Honjo Chemical Corporation, and Qianjiang Yongan Pharmaceutical Co., Ltd.

Taurine Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 326
  • Countries covered: 21
  • Pages: 180
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