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

Description

List of Tables

Taurine Market size is poised to expand at over 5.3% CAGR from 2023 to 2032, driven by the surging consumption of energy drinks. Taurine has gained significant popularity as a sought-after ingredient in energy beverages due to its potential to enhance physical and mental alertness. The growing preference for convenient and quick energy solutions is also surging the demand for energy drinks among consumers seeking performance boost.

Moreover, the ongoing studies for exploring the potential of taurine in cardiovascular health, neurological functions, and therapeutic uses is likely to spur the development of novel products, propelling the industry outlook. For instance, in June 2023, scientists advocated for a large clinical study of taurine after it proved to halt the aging process and increase the lifetime of mice by up to 10%.

The taurine industry is segmented into type, source, application, form, and region.

As per type, the pharmaceutical-grade taurine market is projected to witness 6.9% CAGR between 2023 and 2032 owing to the ongoing investments in R&D activities to discover new medical applications of taurine. Additionally, the increasing awareness about the therapeutic potential of taurine for cardiovascular health, neurological support, and other health benefits is fostering its demand in pharmaceutical applications.

In terms of application, the taurine industry size from the dietary supplements segment is anticipated to depict 5.3% growth rate from 2023-2032. The rising consumer interest in preventive healthcare and the pursuit of nutritional supplements is driving the demand for taurine-infused products. Furthermore, the widespread utilization of taurine in dietary supplements to support cardiovascular function, enhance energy levels, and promote overall well-being is likely to drive segment growth.

Regionally, the Europe taurine industry is set to exhibit 4% growth rate through 2032. This is owing to the rapid expansion of the energy drink sector and the higher incorporation of taurine in pharmaceutical formulations in the region. Additionally, the active lifestyle trends coupled with the burgeoning demand for natural and functional ingredients are contributing to the growing demand for taurine. Moreover, the growing regulatory approvals and the strong focus on clean-label products will also augment the regional market outlook.

Product Code: 7049

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Taurine Market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023 - 2032
2.3 Regional trends
2.4 Type trends
2.5 Source trends
2.6 End use trends
2.7 Distribution Channel trends

Chapter 3 Taurine Market Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 China-U.S. trade war impact
3.4 Industry ecosystem analysis
3.5 Type & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
- 3.7.1 Partnership/Collaboration
- 3.7.2 Merger/Acquisition
- 3.7.3 Investment
- 3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.2 Industry pitfalls & challenges
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Taurine Market Estimates & Forecast, By Type

5.1 Key trends, By Type
5.2 Food grade
5.3 Pharmaceutical grade

Chapter 6 Taurine Market Estimates & Forecast, By Application

6.1 Key trends, By Application
6.2 Food and beverages
6.3 Animal feed
6.4 Dietary supplements
6.5 Cosmetics and personal care
6.6 Pharmaceuticals
6.7 Others

Chapter 7 Taurine Market Estimates & Forecast, By Form

7.1 Key trends, By Form
7.2 Tablets
7.3 Liquid based serum
7.4 Other

Chapter 8 Taurine Market Estimates & Forecast, By Source

8.1 Key trends, By Source
8.2 Natural
8.3 Synthetic

Chapter 9 Taurine Market Estimates & Forecast, By Region

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Indonesia
- 9.4.6 Australia
- 9.4.7 Malaysia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 Arla Foods amba
10.2 Conagra Brands
10.3 Dairy Farmers of America, Inc.
10.4 Fonterra Co-operative Group Limited
10.5 GCMMF
10.6 Groupe Lactalis
10.7 Land O'Lakes, Inc.
10.8 Organic Valley
10.9 Royal FRIESLANDCAMPINA NV
10.10 Saputo Inc.