Taurine Market by Grade, Source, Form, Application

List of Tables

[186 Pages Report] The Taurine Market size was estimated at USD 511.44 million in 2023 and expected to reach USD 541.88 million in 2024, at a CAGR 6.22% to reach USD 780.70 million by 2030.

Global Taurine Market

KEY MARKET STATISTICS
Base Year [2023]	USD 511.44 million
Estimated Year [2024]	USD 541.88 million
Forecast Year [2030]	USD 780.70 million
CAGR (%)	6.22%

Taurine, a sulfur-containing amino acid, plays a crucial role in numerous physiological processes, such as bile salt formation, antioxidation, detoxification, osmoregulation, and calcium signaling. Major application areas include food & beverages, pharmaceuticals, animal feed, pet food, and cosmetics. The increasing demand for functional food & beverages owing to the rising health concerns among consumers has positively impacted the taurine market growth. As an essential ingredient in energy drinks and sports nutrition products providing enhanced physical endurance and cognitive performance benefits, it has gained significant acceptance from athletes and fitness enthusiasts. Furthermore, the growing awareness regarding the nutritional benefits of taurine in pet food has resulted in its extensive incorporation in various pet food products to support healthy heart function and maintain visual acuity. The adverse effects associated with prolonged high-dose consumption of taurine-based products hamper market growth. Additionally, the growing incorporation of taurine into products that cater to specific consumer needs, such as anti-aging and stress management, is expected to create opportunities for market growth.

Regional Insights

Americas represents a highly developing landscape for the global taurine market due to increasing its usage in energy drinks, dietary supplements, and pet food. Consumers in the Americas are increasingly health-conscious and opting for functional beverages that contain taurine for its potential benefits on physical performance and mental well-being. The European Union has been witnessing steady growth in the taurine market due to the rising popularity of sports nutrition products. EU countries such as Germany, France, and the United Kingdom have seen substantial investments and research into taurine's health benefits. In the Middle East and Africa, consumer interest in dietary supplements, fortified foods, and pharmaceutical applications has led to increased demand for taurine. Countries such as Saudi Arabia and South Africa are investing in research to study the long-term effects of taurine on various health conditions such as diabetes and cardiovascular diseases. Asia-Pacific is expected to witness significant growth in the taurine market, driven by the continuous expansion of pharmaceutical industries and subsequent deployment of taurine in manufacturing pharmaceutical drugs.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Taurine Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Taurine Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Taurine Market, highlighting leading vendors and their innovative profiles. These include A. B. Enterprises, Aakriti Trading Company, Advance Inorganics, Ajinomoto Co., Inc., Atlantic Chemicals Trading GmbH, AuNutra Industries Inc., Avanscure LifeSciences Pvt. Ltd., AWI-Awell Ingredients Co., Ltd., Foodchem International Corporation, Grand Pharmaceutical Group Limited, Hebi City Hexin Chem Ind. Co., Ltd., Jiangsu Yuanyang Pharmaceutical Co., Ltd, Kyowa Hakko Bio Co., Ltd., Mitsui Chemicals, Inc., New Zealand Pharmaceuticals Limited, Penta Manufacturing Company, Qianjiang Yongan Pharmaceutical Co., Ltd., Stauber Performance Ingredients, Inc., Taisho Pharmaceutical Holdings Co., Ltd., and The Honjo Chemical Corporation.

Market Segmentation & Coverage

This research report categorizes the Taurine Market to forecast the revenues and analyze trends in each of the following sub-markets:

Grade
- Food Grade
- Pharmaceutical Grade
Source
- Natural
- Synthetic
Form
- Liquid
- Powder
Application
- Agriculture
- Cosmetics & Personal Care
- Food & beverages
- Pharmaceuticals
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Taurine Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Taurine Market?

3. What are the technology trends and regulatory frameworks in the Taurine Market?

4. What is the market share of the leading vendors in the Taurine Market?

5. Which modes and strategic moves are suitable for entering the Taurine Market?

Product Code: MRR-A6768A62EAB3

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Taurine Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for functional food & beverages due to rising health concerns
  - 5.1.1.2. Rising investment in drug development and manufacturing worldwide
- 5.1.2. Restraints
  - 5.1.2.1. Preference for alternative natural ingredients
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in the sourcing and production of taurine
  - 5.1.3.2. Emerging utilization of taurine in pet food products
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulations of taurine as a food and pharmaceutical additive
5.2. Market Segmentation Analysis
- 5.2.1. Grade: Growing demand for pharmaceutical grade taurine for pharmaceutical applications
- 5.2.2. Source: Rising adoption of natural taurine by vegetarian or vegan diet
- 5.2.3. Form: Expanding usage of power taurine as it provides versatility and longer shelf life
- 5.2.4. Application: Growing application of taurine in the food & beverage industry for producing energy and sports drinks
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Taurine Market, by Grade

6.1. Introduction
6.2. Food Grade
6.3. Pharmaceutical Grade

7. Taurine Market, by Source

7.1. Introduction
7.2. Natural
7.3. Synthetic

8. Taurine Market, by Form

8.1. Introduction
8.2. Liquid
8.3. Powder

9. Taurine Market, by Application

9.1. Introduction
9.2. Agriculture
9.3. Cosmetics & Personal Care
9.4. Food & beverages
9.5. Pharmaceuticals

10. Americas Taurine Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Taurine Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Taurine Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
  - 13.3.1.1. Bio-Based Companies form Partnership to Sustainably Produce Taurine
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. Discipline Industries Launches NAC, NMN, Taurine for Peak Wellness
- 13.3.3. Investment & Funding
  - 13.3.3.1. TEDCO Invests in Nataur

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. A. B. Enterprises
- 14.1.2. Aakriti Trading Company
- 14.1.3. Advance Inorganics
- 14.1.4. Ajinomoto Co., Inc.
- 14.1.5. Atlantic Chemicals Trading GmbH
- 14.1.6. AuNutra Industries Inc.
- 14.1.7. Avanscure LifeSciences Pvt. Ltd.
- 14.1.8. AWI-Awell Ingredients Co., Ltd.
- 14.1.9. Foodchem International Corporation
- 14.1.10. Grand Pharmaceutical Group Limited
- 14.1.11. Hebi City Hexin Chem Ind. Co., Ltd.
- 14.1.12. Jiangsu Yuanyang Pharmaceutical Co., Ltd
- 14.1.13. Kyowa Hakko Bio Co., Ltd.
- 14.1.14. Mitsui Chemicals, Inc.
- 14.1.15. New Zealand Pharmaceuticals Limited
- 14.1.16. Penta Manufacturing Company
- 14.1.17. Qianjiang Yongan Pharmaceutical Co., Ltd.
- 14.1.18. Stauber Performance Ingredients, Inc.
- 14.1.19. Taisho Pharmaceutical Holdings Co., Ltd.
- 14.1.20. The Honjo Chemical Corporation
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing