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Taurine Market Trends

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

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Taurine Market Trends

Taurine has found its way into dietary supplements, particularly those targeting sports and fitness enthusiasts. These supplements are marketed as promoting physical performance and recovery. In addition, consumers are becoming more conscious of product ingredients, and there is a trend towards clean label products and natural sourcing of taurine. This includes seeking taurine from natural sources like algae.

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.