Taurine Market by Grade (Food Grade, Pharmaceutical Grade), Source (Natural, Synthetic), Form, Application - Global Forecast 2024-2030
Description
Taurine Market by Grade (Food Grade, Pharmaceutical Grade), Source (Natural, Synthetic), Form, Application - Global Forecast 2024-2030
The Taurine Market size was estimated at USD 494.50 million in 2023 and expected to reach USD 520.96 million in 2024, at a CAGR 5.47% to reach USD 717.98 million by 2030.
Taurine, a sulfur-containing amino acid, plays a crucial role in numerous physiological processes, such as bile salt formation, antioxidation, detoxification, osmoregulation, and calcium signaling. Major application areas include food & beverages, pharmaceuticals, animal feed, pet food, and cosmetics. The increasing need for functional food & beverages owing to the rising health concerns among consumers has positively impacted the taurine market growth. It is an essential ingredient in energy drinks and sports nutrition products, providing enhanced physical endurance and cognitive performance benefits, and has gained significant acceptance from athletes and fitness enthusiasts. Furthermore, the growing awareness regarding the nutritional benefits of taurine in pet food has resulted in its extensive incorporation in various pet food products to support healthy heart function and maintain visual acuity. The adverse effects associated with prolonged high-dose consumption of taurine-based products hamper market growth. Additionally, the growing incorporation of taurine into products that cater to consumer needs, such as anti-aging and stress management, is expected to create opportunities for market growth.
Regional Insights
America represents a highly developing landscape for the global taurine market due to its increasing usage in energy drinks, dietary supplements, and pet food. Consumers in the Americas are increasingly health-conscious and opting for functional beverages that contain taurine for its potential benefits on mental well-being and physical performance. The European Union has been witnessing steady growth in the taurine market owing to the rising popularity of sports nutrition products. EU countries such as Germany, France, and the United Kingdom have witnessed substantial investments and research associated with the health benefits of taurine. In the Middle East and Africa, consumer interest in dietary supplements, fortified foods, and pharmaceutical applications has increased the need for taurine. Countries, including Saudi Arabia and South Africa, are investing in research to study the long-term effects of taurine on various health conditions such as diabetes and cardiovascular diseases. Asia-Pacific is expected to witness significant growth in the taurine market, driven by the continuous expansion of pharmaceutical industries and subsequent deployment of taurine in manufacturing pharmaceutical drugs.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Taurine Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing demand for functional food & beverages
- Rising investment in drug development and manufacturing worldwide
- Market Restraints
- Preference for alternative natural ingredients
- Market Opportunities
- Advancements in the sourcing and applications of taurine
- Emerging utilization of taurine in pet food products
- Market Challenges
- Issues of excessive consumption of taurine and technical limitations of its production
- Market Segmentation Analysis
- Grade: Growing demand for pharmaceutical grade taurine for pharmaceutical applications
- Source: Rising adoption of natural taurine in vegetarian or vegan diet
- Form: Expanding usage of powder taurine as it provides versatility and longer shelf life
- Application: Growing application of taurine in the food & beverage industry for producing energy and sports drinks
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Taurine Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Taurine Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Ajinomoto Expands Global Reach with New Venture Capital Hub in Silicon Valley
Ajinomoto Co., Inc., a Japan-based multinational in food, healthcare, and electronic materials, recently enhanced its corporate venture capital (CVC) capabilities by establishing new headquarters in the United States, particularly in Silicon Valley. This strategic move aims to bolster its investment initiatives in U.S.-based and global companies, focusing on innovators within its key growth avenues, such as healthcare, food & wellness, ICT, and green sectors.
Sprecher Brewing Enters Energy Drink Market with Juvee Acquisition
Sprecher Brewing Co. expanded its portfolio by acquiring Juvee Energy from lifestyle brand 100 Thieves. Juvee aims to offer a healthier energy beverage, packed with B vitamins, taurine, caffeine, L-theanine, panax ginseng, and vitamin C, while being sugar-free and containing only 5 calories per 12-oz can. The acquisition aligns with Sprecher's growth strategy and marks its entry into the energy drink sector.
Discipline Industries Launches NAC, NMN, Taurine for Peak Wellness
Discipline Industries has introduced a product line that incorporates N-acetylcysteine (NAC), nicotinamide mononucleotide (NMN), and taurine, aiming to support individuals in their pursuit of health and wellness. These newly developed products are formulated based on the latest scientific research to ensure optimal results.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Taurine Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Taurine Market, highlighting leading vendors and their innovative profiles. These include A. B. Enterprises, Aakriti Trading Company, Advance Inorganics, Ajinomoto Co., Inc., Ataman Kimya AS, Atlantic Chemicals Trading GmbH, AuNutra Industries Inc., Avanscure LifeSciences Pvt. Ltd., AWI-Awell Ingredients Co., Ltd., Beantown Chemical Corporation, Bio-Techne Corporation, Foodchem International Corporation, Grand Pharmaceutical Group Limited, Hebi City Hexin Chem Ind. Co., Ltd., ICE S.p.a., Jiangsu Yuanyang Pharmaceutical Co., Ltd, Kyowa Hakko Bio Co., Ltd. by Kirin Holdings Company, Limited, Life Extension Foundation Buyers Club, Inc., Merck KGaA, Mitsui Chemicals, Inc., Molekula Ltd., MP Biomedicals, LLC by Valiant Co., Ltd., Natáur LLC, Otto Chemie Pvt. Ltd., Penta Manufacturing Company, LLC, Qianjiang Yongan Pharmaceutical Co., Ltd., Spectrum Chemical Mfg. Corp., Stauber Performance Ingredients, Inc. by Hawkins, Inc., Taisho Pharmaceutical Holdings Co., Ltd., Taj Pharma Group, The Honjo Chemical Corporation, Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., and Vizag Chemical International.
Market Segmentation & Coverage
This research report categorizes the Taurine Market to forecast the revenues and analyze trends in each of the following sub-markets:- Grade
- Food Grade
- Pharmaceutical Grade
- Source
- Natural
- Synthetic
- Form
- Liquid
- Powder
- Application
- Agriculture
- Cosmetics & Personal Care
- Food & beverages
- Pharmaceuticals
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
195 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing demand for functional food & beverages
- 5.1.1.2. Rising investment in drug development and manufacturing worldwide
- 5.1.2. Restraints
- 5.1.2.1. Preference for alternative natural ingredients
- 5.1.3. Opportunities
- 5.1.3.1. Advancements in the sourcing and applications of taurine
- 5.1.3.2. Emerging utilization of taurine in pet food products
- 5.1.4. Challenges
- 5.1.4.1. Issues of excessive consumption of taurine and technical limitations of its production
- 5.2. Market Segmentation Analysis
- 5.2.1. Grade: Growing demand for pharmaceutical grade taurine for pharmaceutical applications
- 5.2.2. Source: Rising adoption of natural taurine in vegetarian or vegan diet
- 5.2.3. Form: Expanding usage of powder taurine as it provides versatility and longer shelf life
- 5.2.4. Application: Growing application of taurine in the food & beverage industry for producing energy and sports drinks
- 5.3. Market Trend Analysis
- 5.3.1. Exponential product launches with taurine-based ingredients coupled with R&D efforts supporting taurine extraction and synthesis processes across the Americas
- 5.3.2. Growing popularity of taurine-based beauty and well-being products coupled with research activities for taurine across the Asia-Pacific region
- 5.3.3. Growing pet ownership and introduction of nutraceutical products utilizing taurine in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Taurine Market, by Grade
- 6.1. Introduction
- 6.2. Food Grade
- 6.3. Pharmaceutical Grade
- 7. Taurine Market, by Source
- 7.1. Introduction
- 7.2. Natural
- 7.3. Synthetic
- 8. Taurine Market, by Form
- 8.1. Introduction
- 8.2. Liquid
- 8.3. Powder
- 9. Taurine Market, by Application
- 9.1. Introduction
- 9.2. Agriculture
- 9.3. Cosmetics & Personal Care
- 9.4. Food & beverages
- 9.5. Pharmaceuticals
- 10. Americas Taurine Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Taurine Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Taurine Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Ajinomoto Expands Global Reach with New Venture Capital Hub in Silicon Valley
- 13.3.2. Sprecher Brewing Enters Energy Drink Market with Juvee Acquisition
- 13.3.3. Discipline Industries Launches NAC, NMN, Taurine for Peak Wellness
- 13.3.4. TEDCO Invests in Natáur to Support the Launch of Bio-based Taurine
- 13.3.5. Illicit Elixirs' New Fizzy, Fruit-Flavored Beverage Series for Natural Happiness Enhancement
- 13.3.6. China Permitted the Utilization Of B Vitamins In Drinks With Improved Taurine Dosage
- 13.3.7. Bio-Based Companies form Partnership to Sustainably Produce Taurine
- 13.3.8. Conagen and Natáur Unite to Revolutionize Taurine Production with Sustainable Microbial Fermentation
- 13.3.9. Performance Drink Group Unveiled New Online Website for its Energy Supplement Drink with Taurine
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
Pricing
Currency Rates
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