Published by mark itwired
Posted on September 20, 2021
Future Market Insights (FMI), in a new study has forecast the demand for taurine to surge considerably in the coming years. Driven by diverse end-use applications, the global taurine market is set to reach US$ 364.4 Mn by 2021. Growth forecasts continue to remain strong, thanks to rising focus on health and wellness. The market will witness impressive growth opportunities through the forecast period, especially as application continues to surge in beverage sector
Taurine is increasingly used in various health drinks and energy drinks. FMI has forecast, the beverage segment to account for lion’s share of the global market through the forecast period. Taurine an essential amino acid is structurally as well as functionally for the body. Taurine plays a crucial role in human beings, pet, as well as fish. This is owing to the reason that taurine has such wide and essential applications.
In the European Union and China, taurine is considered essential in fish feed and is also authorized to be used for all species of fishes. There are rising speculations of replacing meat and marine-based products from the fish feed with alternate protein sources. Plant-based protein for instance soybean meal with taurine makes an excellent meal for fish, comprising of all essential nutrients required.
“Surging demand for cosmetic products and health care products has a great impact on the taurine market. Manufacturers of taurine are intensively researching for enhancing production process of taurine to serve the large market which has further potential to grow.”
The increasing vegan population has bolstered the need for an alternate source of taurine, either plant-based or synthetic process. A large number of taurine manufacturers depend on the latter method for taurine production as chemical processes are easy to control and can alter production quantity as per requirement. The synthetic production process of taurine also requires less number of raw material, whereas natural sources such as algae need to be handled well for adequate production of taurine.
Taurine manufacturers are developing these innovative processes and patenting under their name to maintain their market position with high quality of taurine.
Taurine is a crucial ingredients in energy drinks and is prominently used by key manufacturers such as Redbull, Monster Drink. Energy drinks claims to have several health benefits, owing to which millennials and gen-z are anticipated to gravitate towards these products and taurine will experience a cascading effect of increase in demand in the forecast period.
| Attribute | Details |
| Forecast Period | 2021-2031 |
| Historical Data Available for | 2016-2020 |
| Market Analysis | USD Million for value and Metric Tons for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa |
| Key Countries Covered | US, Canada, Brazil, Mexico, Chile, Peru, Argentina, Rest of Latin America, Germany, France, Italy, U.K., Spain, BENELUX, Nordic, Poland, Russia, Rest of Europe, China, Japan, South Korea, India, Malaysia, Singapore, Indonesia, Thailand, Rest of South Asia, Australia, New Zealand, GCC Countries, South Africa, Turkey, North Africa, Central Africa, Rest of MEA |
| Key Segments Covered | End Use Application |
| Key Companies Profiled | MTC Industries Inc.Stauber USA.Foodchem International CorporationThe Honjo Chemical CorporationQianjiang Yongan Pharmaceutical Co., Ltd.New Zealand Pharmaceuticals Ltd.Ajinomoto Co., Inc.Kyowa Hakko Bio Co., Ltd.Jiangsu Yuanyang Chemical Co., Ltd.Fuchi Pharmaceutical Co., LtdPenta Manufacturing CompanyMitsui Chemicals, Inc.AuNutra Industries Inc.Hebi City Hexin Chem Ind. Co., Ltd. |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
A few of the leading players operating in the Taurine market are MTC Industries Inc., Stauber USA., Foodchem International Corporation, The Honjo Chemical Corporation, Qianjiang Yongan Pharmaceutical Co., Ltd., New Zealand Pharmaceuticals Ltd., Ajinomoto Co., Inc., Kyowa Hakko Bio Co., Ltd., Jiangsu Yuanyang Chemical Co., Ltd., Fuchi Pharmaceutical Co., Ltd., Penta Manufacturing Company, Mitsui Chemicals, Inc., AuNutra Industries Inc., Hebi City Hexin Chem Ind. Co., Ltd., and other players.
Several leading manufacturers of taurine are focusing on strengthening production capacity and distribution channels to expand their footprint in the global market. Leading players also are investing in research and development to produce organic, non-GMO ingredients for Taurine and to develop a novel production process that will also be suitable for consumption by vegan and flexitarian.
Manufacturers are also seen capitalizing on the opportunity in the food processing industry. Taurine is known to act as an emulsifier and flavoring agent in many processed food. Manufacturers are producing baby food formula with taurine as an ingredients that are targeted for neonatal who are born under-weight or premature.
Future Market Insights, in its new offering, provides an unbiased analysis of the Taurine market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Taurine market based on End Use Application (Food, Beverage, Animal Feed, Pet Food, Pet Supplements, Dietary Supplements, Cosmetics & Personal Care Products, Agriculture, and Pharmaceuticals), across seven major regions.
The post Taurine Market is Projected to Record a CAGR of over 7.2% Through 2031 – Future Market Insights first appeared on Market Research Blog.
Future Market Insights (FMI), in a new study has forecast the demand for taurine to surge considerably in the coming years. Driven by diverse end-use applications, the global taurine market is set to reach US$ 364.4 Mn by 2021. Growth forecasts continue to remain strong, thanks to rising focus on health and wellness. The market will witness impressive growth opportunities through the forecast period, especially as application continues to surge in beverage sector
Taurine is increasingly used in various health drinks and energy drinks. FMI has forecast, the beverage segment to account for lion’s share of the global market through the forecast period. Taurine an essential amino acid is structurally as well as functionally for the body. Taurine plays a crucial role in human beings, pet, as well as fish. This is owing to the reason that taurine has such wide and essential applications.
In the European Union and China, taurine is considered essential in fish feed and is also authorized to be used for all species of fishes. There are rising speculations of replacing meat and marine-based products from the fish feed with alternate protein sources. Plant-based protein for instance soybean meal with taurine makes an excellent meal for fish, comprising of all essential nutrients required.
“Surging demand for cosmetic products and health care products has a great impact on the taurine market. Manufacturers of taurine are intensively researching for enhancing production process of taurine to serve the large market which has further potential to grow.”
The increasing vegan population has bolstered the need for an alternate source of taurine, either plant-based or synthetic process. A large number of taurine manufacturers depend on the latter method for taurine production as chemical processes are easy to control and can alter production quantity as per requirement. The synthetic production process of taurine also requires less number of raw material, whereas natural sources such as algae need to be handled well for adequate production of taurine.
Taurine manufacturers are developing these innovative processes and patenting under their name to maintain their market position with high quality of taurine.
Taurine is a crucial ingredients in energy drinks and is prominently used by key manufacturers such as Redbull, Monster Drink. Energy drinks claims to have several health benefits, owing to which millennials and gen-z are anticipated to gravitate towards these products and taurine will experience a cascading effect of increase in demand in the forecast period.
| Attribute | Details |
| Forecast Period | 2021-2031 |
| Historical Data Available for | 2016-2020 |
| Market Analysis | USD Million for value and Metric Tons for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa |
| Key Countries Covered | US, Canada, Brazil, Mexico, Chile, Peru, Argentina, Rest of Latin America, Germany, France, Italy, U.K., Spain, BENELUX, Nordic, Poland, Russia, Rest of Europe, China, Japan, South Korea, India, Malaysia, Singapore, Indonesia, Thailand, Rest of South Asia, Australia, New Zealand, GCC Countries, South Africa, Turkey, North Africa, Central Africa, Rest of MEA |
| Key Segments Covered | End Use Application |
| Key Companies Profiled | MTC Industries Inc.Stauber USA.Foodchem International CorporationThe Honjo Chemical CorporationQianjiang Yongan Pharmaceutical Co., Ltd.New Zealand Pharmaceuticals Ltd.Ajinomoto Co., Inc.Kyowa Hakko Bio Co., Ltd.Jiangsu Yuanyang Chemical Co., Ltd.Fuchi Pharmaceutical Co., LtdPenta Manufacturing CompanyMitsui Chemicals, Inc.AuNutra Industries Inc.Hebi City Hexin Chem Ind. Co., Ltd. |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
A few of the leading players operating in the Taurine market are MTC Industries Inc., Stauber USA., Foodchem International Corporation, The Honjo Chemical Corporation, Qianjiang Yongan Pharmaceutical Co., Ltd., New Zealand Pharmaceuticals Ltd., Ajinomoto Co., Inc., Kyowa Hakko Bio Co., Ltd., Jiangsu Yuanyang Chemical Co., Ltd., Fuchi Pharmaceutical Co., Ltd., Penta Manufacturing Company, Mitsui Chemicals, Inc., AuNutra Industries Inc., Hebi City Hexin Chem Ind. Co., Ltd., and other players.
Several leading manufacturers of taurine are focusing on strengthening production capacity and distribution channels to expand their footprint in the global market. Leading players also are investing in research and development to produce organic, non-GMO ingredients for Taurine and to develop a novel production process that will also be suitable for consumption by vegan and flexitarian.
Manufacturers are also seen capitalizing on the opportunity in the food processing industry. Taurine is known to act as an emulsifier and flavoring agent in many processed food. Manufacturers are producing baby food formula with taurine as an ingredients that are targeted for neonatal who are born under-weight or premature.
Future Market Insights, in its new offering, provides an unbiased analysis of the Taurine market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Taurine market based on End Use Application (Food, Beverage, Animal Feed, Pet Food, Pet Supplements, Dietary Supplements, Cosmetics & Personal Care Products, Agriculture, and Pharmaceuticals), across seven major regions.
The post Taurine Market is Projected to Record a CAGR of over 7.2% Through 2031 – Future Market Insights first appeared on Market Research Blog.
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