Taurine Market (Type: Food Grade and Pharmaceutical Grade; Application: Health Care Products, Pet Food, Beverage, and Others; and Form: Tablets/Capsules, Liquid-based Serum, and Others) - Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Taurine market size is expected to hit around USD 0.4 billion by 2030 from valued at USD 0.3 billion in 2021 and growing at a CAGR of 6.3% from 2022 to 2030.

Taurine Market: Overview

• This report analyzes the current scenario and future prospects of the global taurine market. The growth of the market is driven by the rise in demand for taurine-based medicine & food and lifting of ban on taurine by few prominent countries.
• The report provides an elaborate executive summary, including a snapshot of various segments of the global taurine market. It also provides elaborate information and data analysis of the global taurine market with regards to segments based on type, application, form, and region.
• The overview section of the report provides a detailed qualitative analysis of the drivers and restraints, and opportunities that affect the global taurine market
• Additionally, the report includes company profiles, which provide information about their business, product portfolios, and competitive landscape in the taurine market
• The report on the global taurine market offers market attractiveness analysis of the regions and segments
• The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global taurine market. It analyzes the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global taurine market.

Report Scope of the Taurine Market

Taurine Market: Key Segments

• In terms of type, the global taurine market has been bifurcated into food grade and pharmaceutical grade. The food grade segment accounted for major share of the global taurine market in 2020 and the trend is anticipated to continue during the forecast period.
• Based on application, the global taurine market has been classified into health care products, pet food, beverage, and others
• In terms of form, the global taurine market has been divided into tablets/capsule, liquid-based serum, and others
• The market value and forecast for each of these segments have been provided from 2017 to 2031. The CAGR of respective segments has also been provided from 2021 to 2031, considering 2017 to 2019 as the historical years and 2020 as the base year.

Taurine Makes Trailblazing Entry in Pet Food Segment

The high prevalence of taurine deficiency in cats and dogs is fueling the demand for nutritious pet food innovations. Celebrity endorsements for pet food products in India through eCommerce and traditional media are translating into value-grab opportunities for brands in the taurine market.

Taurine is being publicized as an essential amino acid, which helps to maintain healthy heart and improves eyesight of cats and dogs. Brands in the taurine market are capitalizing on this opportunity to bolster their output capacities, as omega 3 & 6 fatty acids keep the coat beautiful and lustrous. The blend of organic minerals, along with taurine and other ingredients helps to control urinary pH. Thus, pet food manufacturers are increasing the production of prebiotics and probiotics to protect cats from hairball formation and keep their digestive system healthy.

Healthcare and Pet Food Products Ensure Business Continuity amid COVID-19 Crisis

Manufacturers in the taurine market are increasing local production capabilities to reduce dependence on other countries for raw materials and other products during the ongoing COVID-19 crisis. They are maintaining optimum inventory levels to ensure business continuity and robust supply chains.

Companies in the taurine market are focusing on mission-critical applications such as increasing availability of healthcare products and pet food and beverages (F&B) among health- and pet-conscious consumers. Market stakeholders are establishing a balanced relationship with suppliers and ecosystem partners to keep the economies running. They are unlocking potentials in eCommerce for increasing the uptake of healthcare products, pet food, and beverage items. Participants in the market are drawing an analysis to understand their high-risk clients and customers where recovery of debt may be an issue.

Is Taurine Safe in Supplements and Energy Drinks for Pregnant Women?

Energy drinks are generating revenue opportunities for manufacturers in the taurine market. Taurine is gaining popularity as an essential amino acid, which is naturally found in animal-based foods such as meat and dairy. These foods help to support neurological development among individuals. Even though it is safe for consumption in food, there is a lack of evidence about the effects of taurine during pregnancy in supplement form and when combined with energy drinks. Hence, manufacturers are diversifying production activities in healthcare and pet food to generate new income sources.

Manufacturers are increasing the production of pharmaceutical and food grade taurine to expand revenue streams in healthcare and pet food products.

Pharmaceutical Secondary Standards for End Applications Aid in Quality Control

Apart from food products, manufacturers in the taurine market are tapping revenue opportunities in cleaning products, cosmetics, and flavors, among other applications. Companies are presenting Certified Reference Material (CRM) for food and pharmaceutical grade taurine, which is in accordance with ISO (International Organization for Standardization) standards. Certified pharmaceutical secondary standards for application in quality control provide pharma laboratories and manufacturers with a convenient and cost effective alternative to pharmacopoeia primary standards.

Secondary standards for pharmaceutical applications are suitable for use in several analytical applications, including, but not limited to, pharma release testing, F&B quality control testing, and pharma method development for qualitative and quantitative analyses. Such findings are contributing to the growth of the taurine market.

Taurine-based Technology in Hair Products Helps Maintain Styling

Brands are making use of taurine in hair products to meet demanding needs of women. In order to achieve this, companies are investing in R&D to advance in taurine-based technology that can be used to create wavy effects even with very straight hair, thus offering results that last for over a month. Innovative hair products are helping women to achieve natural movement in the hair, without affecting the quality of the fiber, whilst enhancing consumer experience such as smell & setting time.

An increasing number of women are opting for modern salon services to unlock creativity in hairstyles whilst taking care of the hair fiber. Such trends are creating revenue opportunities for taurine manufacturers.

Some of the prominent players in the Taurine Market include:

• Taisho Pharmaceutical Holdings Co., Ltd.
• Grand Pharmaceutical Group Limited
• AWI-Awell Ingredients Co., Ltd.
• The Honjo Chemical Corporation
• Qianjiang Yongan Pharmaceutical Co., Ltd.
• A. B. Enterprises
• Atlantic Chemicals Trading GmbH
• Kyowa Hakko Bio Co., Ltd.
• Jiangsu Yuanyang Pharmaceutical Co., Ltd
• Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd.
• Advance Inorganics
• Aakriti Trading Company
• Avanscure LifeSciences Pvt. Ltd.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Taurine market

• Type
• Food Grade
• Pharmaceutical Grade
• Application
• Health Care Products
• Pet Food,
• Beverage
• Others
• Form
• Tablets/Capsules
• Liquid-based Serum
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Taurine industry analysis from 2022 to 2030 to identify the prevailing Taurine industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Taurine industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Taurine industry trends, key players, market segments, application areas, and market growth strategies.