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Taurine Market Share

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

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Taurine Market Share

Major companies operating in the taurine industry includes:

Yongan Pharmaceutical
Grand Pharma
Jiangyin Huachang
Taisho Pharmaceutical Holdings Co., Ltd.
Avanscure LifeSciences Pvt. Ltd.
Atlantic Chemicals Trading GmbH
The Honjo Chemical Corporation
Qianjiang Yongan Pharmaceutical Co., Ltd.
Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd.
Advance Inorganics
Aakriti Trading Company
Kyowa Hakko Bio Co., Ltd.

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Yongan Pharmaceutical offers a diverse range of medications, spanning multiple therapeutic areas such as respiratory, cardiovascular, and digestive health. Their product portfolio likely extends to include dietary supplements and traditional Chinese medicines. To ensure product safety and efficacy, the company adheres to rigorous regulatory standards, both within China and in alignment with international requirements. With a presence in the Chinese pharmaceutical market, the company's distribution network typically includes pharmacies, hospitals, and wholesalers.

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.