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Taurine Market Analysis

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

Taurine Market Analysis

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)

 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)

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.

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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