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Taurine Market Size

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

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Taurine Market Size

Taurine Market size was valued at USD 2 billion in 2022 and is anticipated to register a CAGR of over 5.3% between 2023 and 2032. The energy drink industry has been expanding globally, with taurine being a common ingredient in these products due to its stimulating effects, which can help in boosting energy and mental alertness.

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In addition, it is used as a supplement by athletes and fitness enthusiasts to enhance performance and reduce muscle soreness. As the sports and fitness industry continues to grow, it can drive the demand for taurine-containing products.

Taurine Market Report Attributes
Report Attribute	Details
Base Year:	2022
Taurine Market Size in 2022:	USD 2 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.3%
2032 Value Projection:	USD 3.4 Billion
Historical Data for:	2018 - 2022
No. of Pages:	180
Tables, Charts & Figures:	326
Segments covered:	Type, Source, Application, Form
Growth Drivers:	Energy Drink Consumption Sports and Fitness Industry
Pitfalls & Challenges:	Regulatory challenges Health concern

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While taurine is generally recognized as safe when consumed in moderation, excessive intake or misuse can lead to health concerns. Negative publicity regarding the safety of taurine-containing products can be a restraint. In addition, limited consumer awareness regarding the benefits of taurine and its sources can be a challenge for the market. Educating consumers about taurine's positive attributes may require additional effort.

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.