Global Taurine Market, By Type (Food Grade, Pharmaceutical Grade), By Source (Synthetic, Natural), By Application (Food, beverages, Animal Feed, Dietary Supplements, Cosmetics and Personal Care, Dietary Supplements, Agriculture, Pharmaceuticals), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Taurine Market
Data Bridge Market Research analyses that the global taurine market to be growing at a CAGR of 5.90% in the forecast period of 2022-2029 and is likely to reach the USD 427.02 million by 2029.
Taurine is an amino acid that is used in the body to produce protein blocks. It is critical for the growth of infants and the treatment of patients suffering from specific disorders. It's an organic acid that's mostly found in animal tissues but can also be discovered in the human body's large intestines. Taurine has the potential to save the lives of a number of patients. Congestive heart failure, liver illness, cystic fibrosis, and high blood pressure are all treated with it supplements. Alcoholism, epilepsy, ADHD, autism, vision disorders, and diabetes can all benefit from it.
The rise in demand for taurine for body building and fitness will drive the taurine market. Furthermore, the increase in aspirations associated with personal development and upsurge in the demand for cosmetics and health awareness are some macroeconomic factors that are positively impacting the worldwide taurine market. Other factors including high consumption of taurine supplements by sportsperson and athletes and rising awareness about healthy skin will cushion the market’s growth rate. Another significant factor is increasing demand for taurine in energy drinks and pet food will accelerate the growth rate of taurine market. Taurine helps in the prevention from dehydration, maintaining blood pressure and improving heart health which will further expand the growth of taurine market.
Moreover, the rise in research and development activities and launch of new products will boost the beneficial opportunities for the growth of taurine market. Additionally, the strong demand from various end-use industries such as healthcare will act as major driver and further create new opportunities for market’s growth in the above mentioned forecast period.
However, high cost associated with the product will hamper the market growth rate. Additionally, the high investment involved in research and development in developing nations obstruct the taurine market's overall growth. Also, overuse of taurine as a supplement can result in health-related issues which will further challenge the taurine market throughout the forecast period.
This taurine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on taurine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Taurine Market Scope and Market Size
The taurine market is segmented on the basis of type, source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global taurine market is segmented into food grade and pharmaceutical grade.
- Based on source, the taurine market is segmented into synthetic and natural. Natural is further sub-segmented into bovine and ovine animals, aquatic animals.
- Based on the application, the taurine market is segmented into food, beverages, animal feed, dietary supplements, cosmetics and personal care, dietary supplements, agriculture and pharmaceuticals. Food segment is further sub-segmented into dairy products, infant formulas, bakery products, cereal products. Beverages segment is further sub-segmented into energy drinks, caffeinated drinks, soft and carbonates drinks. Animal feed is further sub-segmented into aquaculture fed, poultry feed, cat food, dog food. Cosmetics and personal care is further sub-segmented into skin care products, hair care products, toiletries.
Taurine Market Country Level Analysis
The taurine market is analyses and market size, volume information is provided by country, type, source and application as referenced above.
The countries covered in the taurine market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the taurine market and will continue to flourish its trend of dominance during the forecast period owing to the increasing health importance and growing disposable income and presence of cosmetic industry in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the leading manufacturers and exporter of food and beverages in this region.
The country section of the taurine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Taurine Market Share Analysis
The taurine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to taurine market.
Some of the major players operating in the taurine market are AZoNetwork, Grand Pharmaceutical Group Limited, Healthcare Holdings Ltd., TER HELL & Co. GmbH, AWI-Awell Ingredients Co.,Ltd., Falken Trade, CHEMIT LABORATORIES, Taisho Pharmaceutical Holdings Co.,Ltd, Jiangsu Yuanyang Pharmaceutical Co., Ltd., China Grand Pharmaceutical and Healthcare Holdings Limited., Dr. Behr GmbH, Atlantic Chemicals Trading GmbH , A. B. Enterprises., Advance Inorganics., Aakriti Trading Company, Avanscure Lifesciences Pvt. Ltd., and Antares Chem Private Limited., among others.
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