The global Taurine market stood at approximately 160 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 4.3% during the forecast period until 2034.
Taurine, an amino acid with sulfur-containing properties, finds extensive industrial utilization across diverse sectors owing to its multifaceted characteristics. In the food and beverage industry, it serves as a key ingredient in energy drinks and functional beverages, where it enhances energy levels and improve physical performance. Additionally, taurine acts as a flavour enhancer in various food products, contributing to their taste profile. Within nutraceutical sector, taurine's antioxidant properties make it a valuable component in dietary supplements targeting cardiovascular health, eye health, and neurological function. Its presence in skincare products offers hydration and anti-inflammatory benefits, while in hair care, it is known for potentially strengthening hair follicles and promoting hair growth. Moreover, taurine is essential in animal nutrition, particularly for cats, and is often incorporated into pet foods to meet their dietary requirements. Biotechnological applications benefit from taurine's inclusion in cell culture media and protein stabilization processes. Overall, taurine's versatility underscores its significance across industries, from its role in enhancing human and animal health to its applications in food, beverage, cosmetics, and biotechnology, positioning it as a valuable compound with diverse industrial uses.
The taurine market has been experiencing notable trends in recent years, driven by its diverse applications across industries. One significant trend is the increasing demand for taurine in energy drinks, owing to its energizing properties. Additionally, the pharmaceutical sector has been utilizing taurine for its potential health benefits, particularly in cardiovascular health and as an antioxidant. Another emerging trend is the rising popularity of taurine in animal nutrition, particularly in pet food, driven by the growing concern for pet health and wellness. Furthermore, taurine is being incorporated into a wider range of functional beverages beyond traditional energy drinks, such as sports drinks and health-oriented beverages. This expansion of product offerings contributes to the growth of the taurine market. Moreover, the Asia-Pacific region, notably countries like China and Japan, has seen significant growth in taurine demand due to factors like increasing urbanization and rising disposable incomes. In summary, the taurine market is expected to continue its upward trajectory, fuelled by its diverse applications and reach approximately 255 thousand tonnes in 2034.
Geographically, Asia Pacific is poised to significantly contribute to the growth of the Taurine market in the forecast period. The Asia Pacific region is poised to make a substantial impact on the growth of the taurine market in the forecast period. With a large and rapidly growing population, particularly in countries like China, India, and Indonesia, coupled with increasing urbanization and disposable incomes, the demand for convenience foods, beverages, and dietary supplements containing taurine is on the rise. Moreover, changing lifestyles and dietary preferences, along with a growing awareness of health and wellness, are driving consumers to seek out products that offer energy enhancement and potential health benefits. As the beverage industry expands and economies develop, taurine, known for its association with energy drinks and its potential cardiovascular and antioxidant properties, is well-positioned to meet the evolving demands of consumers in the Asia Pacific region, thereby fuelling market growth.
Based on the end-user industry, the global Taurine market is divided into Food & Beverage, Nutraceuticals, Cosmetics & Personal Care, Animal Feed, and Others. Among these, Food & Beverage is the dominating segment and held roughly 40% of the global Taurine market in 2023.
Major players in the Global Taurine market are The Honjo Chemical Corporation, Qianjiang Yongan Pharmaceutical Co., Ltd., Foodchem International Corporation, Stauber USA, Taisho Pharmaceutical Holdings Co., Ltd., Kyowa Hakko Bio Co., Ltd., Jiangsu Yuanyang Pharmaceutical Co., Ltd., Penta Manufacturing Company, Mitsui Chemicals, Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Taurine which covers production, demand and supply of Taurine market in the globe.
• To analyse and forecast the market size of Taurine
• To classify and forecast Global Taurine market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Taurine market in the globe.
To extract data for Global Taurine market, primary research surveys were conducted with Taurine manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Taurine market over the coming years.
ChemAnalyst calculated Taurine demand across the globe by analyzing the volume of Taurine consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Taurine manufacturers and other stakeholders
• Organizations, forums and alliances related to Taurine distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Taurine manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Taurine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
160 thousand tonnes
Market size Volume in 2034
250 thousand tonnes
Growth Rate
CAGR of 4.3% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverage, Nutraceuticals, Cosmetics & Personal Care, Animal Feed, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Taurine in terms of volume in 2023?
Ans:
The global market size of Taurine had reached approximately 160 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Taurine?
Ans:
Food & Beverage industry is the leading end-user industry of Taurine globally.
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