Taurine Market - Forecast(2023 - 2028)

Report Code: FBR 32797 Report Format: PDF + Excel

Taurine Market Overview

Taurine Market size is forecast to reach $347 million by 2026, growing at a CAGR of 5.3% during the forecast period 2021-2026. Taurine, clinically known as 2-aminoethanesulfonic acid, is an endogenous end metabolite that is distributed in various tissues at high concentrations. It is a sulfur-containing acidic amino acid synthesized from cysteine and is excreted without any further metabolism. The growing awareness of consumers regarding the cytoprotective actions of taurine contributes to the improvement in the clinical and nutritional health of humans through various mechanisms like antioxidation, energy production, neuromodulation, and osmoregulation. For instance, taurine helps in the production of glutathione peroxidase, the reaction of which is responsible for the anti-inflammatory activity of taurine. Moreover, taurine prevents the decrease in expression and secretion of extracellular superoxide dismutase, thereby protecting the human body from oxidative stress. Additionally, Taurine has become a supplement of choice by keen gym-goers and for those participating in a variety of sports as it improves concentration levels during sports and it has also been proven to enhance athletic performance, which is set to further enhance the overall market developments of the Taurine Market for the period 2021-2026.

Report Coverage

The report: “Taurine Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Taurine Market.

By Product Type: Food Grade, and Pharmaceutical Grade.
By Application: Food & Beverages, Animal Feed, Pet Food and Supplement, Dietary Supplement, Cosmetics & Personal Care Products, Agriculture and Pharmaceuticals.
By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, and Online Sales Channels.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Europe dominated the Taurine Market in 2020 owing to the growing popularity of taurine as a sports performance enhancer among athletes. The Taurine Market scope for different regions will be provided in the final report.
  • Growing awareness regarding the benefits of taurine supplements among consumers coupled with rising usage of taurine by athletes as performance enhancers are likely to aid the market growth of the Taurine Market report.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be Taurine Market report.
  • Overconsumption of taurine causes toxicity is poised to create hurdles for the Taurine Market.

    Taurine Market Revenue Share, By Geography, 2020(%)

    Taurine Market Revenue Share

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Taurine Market Segment Analysis – By Application

The Dietary Supplement segment held the largest share in the Taurine Market in 2020 and is estimated to grow at a CAGR of 5.6% during the forecast period 2021-2026. Taurine has been increasingly consumed by athletes as well as fitness enthusiasts in the form of dietary supplements to enhance performance at multiple levels. Taurine helps the body to metabolize fat stores, which means it is beneficial in building lean muscle mass by decreasing body mass percentage. Additionally, Taurine can help in preventing the levels of adrenaline and cortisol which are associated with both stress and anxiety, thereby calming the nervous system. On the contrary, taurine is also gaining traction in the pharmaceutical industry because it is necessary for cardiovascular functioning, and supporting the conjugating of bile acids and anti-oxidation. The pharmaceuticals segment is estimated to register the higher CAGR over the period 2021-2026.

Taurine Market Segment Analysis – By Distribution Channel 

The Hypermarkets/Supermarkets segment held the largest share in the Taurine Market in 2020 and is estimated to grow at a CAGR of 5.8% during the forecast period 2021-2026. This is owing to the exhaustive lineup of products that hypermarkets are able to put on display at the same time and place, thereby making buying experience convenient for consumers. Moreover, supermarkets also hold the potential to provide discount coupons when bought in more than usual quantity, which is a win-win situation for consumers. However, online sales channels are gaining a lot of traction with internet penetration in a lot of suburban and rural areas of different economies. Consumers can procure their products from the comfort of their home and millennials are majorly attracted to online shopping than the more conventional ways. Online sales channels are estimated to register the higher CAGR over the period 2021-2026.

Taurine Market Segment Analysis – By Geography

Europe dominated the Taurine Market with a major share of 40% in 2020. This is attributed to the factors like growing popularity of taurine as a sports performance enhancer among athletes and fitness enthusiastic consumers. Additionally, growing awareness of consumers surrounding the product's health benefits is projected to further fuel the growth. However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to rising consumer inclination towards health and wellness. Moreover, the healthcare industry's growing usage of taurine as a natural ingredient to prevent high-stress levels is expected to drive the regional market.

Taurine Market Drivers 

Growing awareness regarding the benefits of taurine supplements among consumers is driving the market growth

Over the recent past, the number of health-conscious consumers has increased the manifold and the scope of availability of taurine-infused supplements globally. Taurine supports nerve growth and also helps prevent people of heart failure by lowering blood pressure and calming the nervous system. According to World Health Organization (WHO), an estimated 17.9 million people died from CVDs in 2020, which represents 32% of all global deaths. Of these, 85% were due to heart attack and stroke. Over three-quarters of CVD deaths take place in low- and middle-income countries. Thus, increasing the growth of the Taurine Market during the forecast period 2021-2026.

Rising usage of taurine by athletes as performance enhancers is poised to increase the growth of the market

Taurine not only improves strength, endurance, and power but also expedites the recovery of muscle damage. According to a study conducted by the Journal of the International Society of Sports Nutrition, the greater concentration of taurine in oxidative muscle fibers has shown exceptional results, especially in endurance events. Taurine helps in speedy recovery from onset muscle soreness which is one of the symptoms of eccentric exercise. Thus, increasing the growth of the Taurine Market during the forecast period 2021-2026.

Taurine Market Challenges

Overconsumption of taurine causes toxicity that is likely to challenge the market growth

Taurine is a conditional amino acid, which implies it can be manufactured naturally by the human body because of which side effects are minimal as it is a natural substance. However, overuse of Taurine as a supplement causes low to moderate levels of toxicity as excell taurine is filtered by kidneys. Even energy drinks that contain taurine have high amounts of sugar is dangerous to health. Most energy drinks also have a large dose of caffeine. Excessive consumption of energy drinks can result in caffeine intoxication (CI), which is expected to challenge the market’s growth.

Taurine Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Taurine Market. In 2020, the Taurine Market share is fragmented by the top ten players present in the market. The Taurine Market, top 10 companies include:

  1. The Honjo Chemical Corporation
  2. Qianjiang Yongan Pharmaceutical Co., Ltd.
  3. Foodchem International Corporation
  4. Stauber USA
  5. Taisho Pharmaceutical Holdings Co., Ltd.
  6. Kyowa Hakko Bio Co., Ltd.
  7. Jiangsu Yuanyang Pharmaceutical Co., Ltd.
  8. Penta Manufacturing Company
  9. Mitsui Chemicals, Inc. 

Recent Developments:

  • In September 2020, Stauber USA launched Aquamin Plus ingredient. It improves the patient's overall quality of life, reduces their pain level, increases the distance they could walk, and ideal in long-distance walking.
  • In March 2020, MyProtein, a European supplement company, launched its premium taurine product named 100% Taurine Powder in India, which was already available in the U.K.

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1. Taurine Market- Overview
    1.1 Definitions and Scope
2. Taurine Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Source
    2.4 Key trends by Application
    2.5 Key trends by Distribution Channel
3. Taurine Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Taurine Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Taurine Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Taurine Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Taurine Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Taurine Market– By Product Type(Market Size –$Million/$Billion)
    8.1 Food Grade
    8.2 Pharmaceutical Grade
9. Taurine Market– By Application(Market Size –$Million/$Billion)
    9.1 Food and Beverages
    9.2 Animal Feed
    9.3 Pet Food and Supplement
    9.4 Dietary Supplement
    9.5 Cosmetics and Personal Care Products
    9.6 Agriculture
    9.7 Pharmaceuticals 
10. Taurine Market– By Distribution Channel(Market Size –$Million/$Billion)
    10.1 Supermarkets/Hypermarkets
    10.2 Specialty Stores
    10.3 Online Sales Channels
11. Taurine Market- By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Taurine Market- Entropy
13. Taurine Market– Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Taurine Market– Key Company List by Country Premium Premium
15. Taurine Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Taurine Market Analysis and Forecast , by Source Market 2019-2024 ($M)
1.1 By Source, Market 2019-2024 ($M) - Global Industry Research
1.1.1 Synthetic Market 2019-2024 ($M)
1.1.2 Natural Market 2019-2024 ($M)
2.Global Competition Analysis Market 2019-2024 ($M)
2.1 Competitive Benchmarking Market 2019-2024 ($M) - Global Industry Research
2.2 Competition Deep-dive Market 2019-2024 ($M) - Global Industry Research
2.2.1 MTC Industries Inc. Market 2019-2024 ($M)
2.2.2 Stauber USA. Market 2019-2024 ($M)
2.2.3 Foodchem International Corporation Market 2019-2024 ($M)
2.2.4 The Honjo Chemical Corporation Market 2019-2024 ($M)
2.2.5 Qianjiang Yongan Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
2.2.6 Pharmaceuticals Ltd. Market 2019-2024 ($M)
2.2.7 Ajinomoto Co., Inc. Market 2019-2024 ($M)
2.2.8 Kyowa Hakko Bio Co., Ltd. Market 2019-2024 ($M)
2.2.9 Jiangsu Yuanyang Chemical Co., Ltd. Market 2019-2024 ($M)
2.2.10 Fuchi Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
2.2.11 Penta Manufacturing Company Market 2019-2024 ($M)
2.2.12 Mitsui Chemicals, Inc. Market 2019-2024 ($M)
2.2.13 AuNutra Industries Inc. Market 2019-2024 ($M)
3.Global Taurine Market Analysis and Forecast , by Source Market 2019-2024 (Volume/Units)
3.1 By Source, Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Synthetic Market 2019-2024 (Volume/Units)
3.1.2 Natural Market 2019-2024 (Volume/Units)
4.Global Competition Analysis Market 2019-2024 (Volume/Units)
4.1 Competitive Benchmarking Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Competition Deep-dive Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 MTC Industries Inc. Market 2019-2024 (Volume/Units)
4.2.2 Stauber USA. Market 2019-2024 (Volume/Units)
4.2.3 Foodchem International Corporation Market 2019-2024 (Volume/Units)
4.2.4 The Honjo Chemical Corporation Market 2019-2024 (Volume/Units)
4.2.5 Qianjiang Yongan Pharmaceutical Co., Ltd. Market 2019-2024 (Volume/Units)
4.2.6 Pharmaceuticals Ltd. Market 2019-2024 (Volume/Units)
4.2.7 Ajinomoto Co., Inc. Market 2019-2024 (Volume/Units)
4.2.8 Kyowa Hakko Bio Co., Ltd. Market 2019-2024 (Volume/Units)
4.2.9 Jiangsu Yuanyang Chemical Co., Ltd. Market 2019-2024 (Volume/Units)
4.2.10 Fuchi Pharmaceutical Co., Ltd. Market 2019-2024 (Volume/Units)
4.2.11 Penta Manufacturing Company Market 2019-2024 (Volume/Units)
4.2.12 Mitsui Chemicals, Inc. Market 2019-2024 (Volume/Units)
4.2.13 AuNutra Industries Inc. Market 2019-2024 (Volume/Units)
5.North America Taurine Market Analysis and Forecast , by Source Market 2019-2024 ($M)
5.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Synthetic Market 2019-2024 ($M)
5.1.2 Natural Market 2019-2024 ($M)
6.North America Competition Analysis Market 2019-2024 ($M)
6.1 Competitive Benchmarking Market 2019-2024 ($M) - Regional Industry Research
6.2 Competition Deep-dive Market 2019-2024 ($M) - Regional Industry Research
6.2.1 MTC Industries Inc. Market 2019-2024 ($M)
6.2.2 Stauber USA. Market 2019-2024 ($M)
6.2.3 Foodchem International Corporation Market 2019-2024 ($M)
6.2.4 The Honjo Chemical Corporation Market 2019-2024 ($M)
6.2.5 Qianjiang Yongan Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
6.2.6 Pharmaceuticals Ltd. Market 2019-2024 ($M)
6.2.7 Ajinomoto Co., Inc. Market 2019-2024 ($M)
6.2.8 Kyowa Hakko Bio Co., Ltd. Market 2019-2024 ($M)
6.2.9 Jiangsu Yuanyang Chemical Co., Ltd. Market 2019-2024 ($M)
6.2.10 Fuchi Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
6.2.11 Penta Manufacturing Company Market 2019-2024 ($M)
6.2.12 Mitsui Chemicals, Inc. Market 2019-2024 ($M)
6.2.13 AuNutra Industries Inc. Market 2019-2024 ($M)
7.South America Taurine Market Analysis and Forecast , by Source Market 2019-2024 ($M)
7.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Synthetic Market 2019-2024 ($M)
7.1.2 Natural Market 2019-2024 ($M)
8.South America Competition Analysis Market 2019-2024 ($M)
8.1 Competitive Benchmarking Market 2019-2024 ($M) - Regional Industry Research
8.2 Competition Deep-dive Market 2019-2024 ($M) - Regional Industry Research
8.2.1 MTC Industries Inc. Market 2019-2024 ($M)
8.2.2 Stauber USA. Market 2019-2024 ($M)
8.2.3 Foodchem International Corporation Market 2019-2024 ($M)
8.2.4 The Honjo Chemical Corporation Market 2019-2024 ($M)
8.2.5 Qianjiang Yongan Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
8.2.6 Pharmaceuticals Ltd. Market 2019-2024 ($M)
8.2.7 Ajinomoto Co., Inc. Market 2019-2024 ($M)
8.2.8 Kyowa Hakko Bio Co., Ltd. Market 2019-2024 ($M)
8.2.9 Jiangsu Yuanyang Chemical Co., Ltd. Market 2019-2024 ($M)
8.2.10 Fuchi Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
8.2.11 Penta Manufacturing Company Market 2019-2024 ($M)
8.2.12 Mitsui Chemicals, Inc. Market 2019-2024 ($M)
8.2.13 AuNutra Industries Inc. Market 2019-2024 ($M)
9.Europe Taurine Market Analysis and Forecast , by Source Market 2019-2024 ($M)
9.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Synthetic Market 2019-2024 ($M)
9.1.2 Natural Market 2019-2024 ($M)
10.Europe Competition Analysis Market 2019-2024 ($M)
10.1 Competitive Benchmarking Market 2019-2024 ($M) - Regional Industry Research
10.2 Competition Deep-dive Market 2019-2024 ($M) - Regional Industry Research
10.2.1 MTC Industries Inc. Market 2019-2024 ($M)
10.2.2 Stauber USA. Market 2019-2024 ($M)
10.2.3 Foodchem International Corporation Market 2019-2024 ($M)
10.2.4 The Honjo Chemical Corporation Market 2019-2024 ($M)
10.2.5 Qianjiang Yongan Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
10.2.6 Pharmaceuticals Ltd. Market 2019-2024 ($M)
10.2.7 Ajinomoto Co., Inc. Market 2019-2024 ($M)
10.2.8 Kyowa Hakko Bio Co., Ltd. Market 2019-2024 ($M)
10.2.9 Jiangsu Yuanyang Chemical Co., Ltd. Market 2019-2024 ($M)
10.2.10 Fuchi Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
10.2.11 Penta Manufacturing Company Market 2019-2024 ($M)
10.2.12 Mitsui Chemicals, Inc. Market 2019-2024 ($M)
10.2.13 AuNutra Industries Inc. Market 2019-2024 ($M)
11.APAC Taurine Market Analysis and Forecast , by Source Market 2019-2024 ($M)
11.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Synthetic Market 2019-2024 ($M)
11.1.2 Natural Market 2019-2024 ($M)
12.APAC Competition Analysis Market 2019-2024 ($M)
12.1 Competitive Benchmarking Market 2019-2024 ($M) - Regional Industry Research
12.2 Competition Deep-dive Market 2019-2024 ($M) - Regional Industry Research
12.2.1 MTC Industries Inc. Market 2019-2024 ($M)
12.2.2 Stauber USA. Market 2019-2024 ($M)
12.2.3 Foodchem International Corporation Market 2019-2024 ($M)
12.2.4 The Honjo Chemical Corporation Market 2019-2024 ($M)
12.2.5 Qianjiang Yongan Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
12.2.6 Pharmaceuticals Ltd. Market 2019-2024 ($M)
12.2.7 Ajinomoto Co., Inc. Market 2019-2024 ($M)
12.2.8 Kyowa Hakko Bio Co., Ltd. Market 2019-2024 ($M)
12.2.9 Jiangsu Yuanyang Chemical Co., Ltd. Market 2019-2024 ($M)
12.2.10 Fuchi Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
12.2.11 Penta Manufacturing Company Market 2019-2024 ($M)
12.2.12 Mitsui Chemicals, Inc. Market 2019-2024 ($M)
12.2.13 AuNutra Industries Inc. Market 2019-2024 ($M)
13.MENA Taurine Market Analysis and Forecast , by Source Market 2019-2024 ($M)
13.1 By Source, Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Synthetic Market 2019-2024 ($M)
13.1.2 Natural Market 2019-2024 ($M)
14.MENA Competition Analysis Market 2019-2024 ($M)
14.1 Competitive Benchmarking Market 2019-2024 ($M) - Regional Industry Research
14.2 Competition Deep-dive Market 2019-2024 ($M) - Regional Industry Research
14.2.1 MTC Industries Inc. Market 2019-2024 ($M)
14.2.2 Stauber USA. Market 2019-2024 ($M)
14.2.3 Foodchem International Corporation Market 2019-2024 ($M)
14.2.4 The Honjo Chemical Corporation Market 2019-2024 ($M)
14.2.5 Qianjiang Yongan Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
14.2.6 Pharmaceuticals Ltd. Market 2019-2024 ($M)
14.2.7 Ajinomoto Co., Inc. Market 2019-2024 ($M)
14.2.8 Kyowa Hakko Bio Co., Ltd. Market 2019-2024 ($M)
14.2.9 Jiangsu Yuanyang Chemical Co., Ltd. Market 2019-2024 ($M)
14.2.10 Fuchi Pharmaceutical Co., Ltd. Market 2019-2024 ($M)
14.2.11 Penta Manufacturing Company Market 2019-2024 ($M)
14.2.12 Mitsui Chemicals, Inc. Market 2019-2024 ($M)
14.2.13 AuNutra Industries Inc. Market 2019-2024 ($M)

LIST OF FIGURES

1.US Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
2.Canada Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
3.Mexico Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
4.Brazil Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
5.Argentina Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
6.Peru Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
7.Colombia Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
8.Chile Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
9.Rest of South America Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
10.UK Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
11.Germany Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
12.France Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
13.Italy Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
14.Spain Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
15.Rest of Europe Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
16.China Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
17.India Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
18.Japan Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
19.South Korea Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
20.South Africa Taurine End-use Analysis Market Revenue, 2019-2024 ($M)
21.North America Taurine End-use Analysis By Application
22.South America Taurine End-use Analysis By Application
23.Europe Taurine End-use Analysis By Application
24.APAC Taurine End-use Analysis By Application
25.MENA Taurine End-use Analysis By Application