The Global Taurine Market is anticipated to rise at a staggering CAGR of 6.2% in the forecast period. Taurine is an amino acid comprising sulphur found in brain tissue and in some parts of tissue. Taurine may serve a neurotransmitter type function in the central nervous system. Commercially, it is an organic acid widely distributed in animal tissues and a major constituent of bile that is found in large intestines in human body. It biologically performs osmoregulation, conjugation of bile acids, and modulation of calcium signalling. It is essential for development of skeletal muscles and cardiovascular functions.
The factors responsible for the market growth include rise in trend for consumption of energy drinks in the developed and developing countries along with rise in demand for cosmetics. Increase in health awareness and fitness is expected to drive the market growth during the forecast period. In addition, the production of protein supplements for sportsmen is likely to stimulate the market growth during the forecast period. Taurine market is categorized by vertical into cosmetics and food industry. Food industry receives a higher recognition due to increase in fitness enthusiasts and demand for body building supplements.
Geographical segmentation for taurine market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to grow at a staggering CAGR during the forecast period. China is the leading manufacturer with rise in exports in food and beverages. Cosmetic industry is driven by taurine since it energizes the skin and reduces fine lines and wrinkles. North American and European markets are likely to grow at a significant pace due to presence of cosmetic industry and increase in health awareness.
The key players in the taurine market include Jiangyin Huachang Food Additive Co Ltd, Jiangsu Yuanyang Pharmaceutical Co Ltd, Shayang Tianyi Medicine Industry Co Ltd, Tycoon Company Limited, Hangzhou FST Pharmaceutical Co Ltd, Fuchi Pharmaceutical Co Ltd, and The Honjo Chemical Corporation.
• Food & Beverages
• North America
• Asia Pacific
• Middle East and Africa
• South America
• Qianjiang Yongan Pharmaceutical
• Jiangsu Yuanyang Pharmaceutical
• Fuchi Pharmaceutical
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Key Questions Answered in this Report
• What will the market size be in 2023?
• What are the key factors driving the global Taurine market?
• What are the challenges to market growth?
• Who are the key players in the Taurine market?
• What are the market opportunities and threats faced by the key players?
Research Support Specialist, USA