The increasing demand for Taurine in energy drinks and pet food are driving its market demand.
Market Size – USD 233.8 Million in 2018, Market Growth – CAGR of 6.3%, Market Trends – Growing concern for health.
The global Taurine market is forecast to reach USD 408.1 Million by 2027, according to a new report by Reports and Data. Taurine is a type of amino acid and is found in large amounts in the heart, retina, brain, and blood cells called platelets. The most common food sources of Taurine are meat and fish. It is essential for building protein blocks in the body. Taurine is crucial for the growth of infants as well as those who are at risk of various diseases.
Taurine is fed to children by the addition of milk and is also fed to people on life supports and is tube-fed. The chemical has life-saving potential for most patients. The acid’s supplements are also used in the treatment of liver disease, heart failure, high blood pressure, as well as cystic fibrosis. The acid is applicable in the treatment of epilepsy, alcoholism, ADHD, eye problems, autism, and diabetes.
Cosmetic containing Taurine has increased since the 2000s due to its antifibrotic properties. It has also shown to prevent damaging effects of TGFB1 to the hair follicle and helps in maintaining skin hydration. The market product is used in some of the contact lens solutions as well.
Key participants include Hangzhou FST Pharmaceutical Co Ltd., Tycoon Company Limited, Jiangsu Yuanyang Pharmaceutical Co Ltd., Jiangyin Huachang Food Additive Co Ltd., Shayang Tianyi Medicine Industry Co Ltd., Ajinomoto Co., Inc., Fuchi Pharmaceutical Co., Ltd., Kyowa Hakko Bio Co., Ltd., Honjo Chemical, and Grand Pharma, among others.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the global Taurine market on the basis of form, application, grade, source, and region:
Form Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
Grade Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
Source Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
Regional Outlook (Revenue, USD Million; Volume, Kilo Tons; 2016-2027)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Taurine Market Segmentation & Impact Analysis 4.1. Taurine Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Thriving natural and plant-based ingredients 4.2.2.2. Growing consumption of health drinks and nutritional dietary supplements 4.2.3. Market restraints analysis 4.2.3.1. Expensive in nature 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share By Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Market positioning 10.5. Strategy Benchmarking 10.6. Vendor Landscape Chapter 11. Company Profiles 11.1. Hangzhou FST Pharmaceutical Co Ltd 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Technology Insights 11.1.4. Strategic Initiatives 11.2. Tycoon Company Limited 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Technology Insights 11.2.4. Strategic Initiatives 11.3. Jiangsu Yuanyang Pharmaceutical Co Ltd 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Technology Insights 11.3.4. Strategic Initiatives 11.4. Jiangyin Huachang Food Additive Co Ltd 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Technology Insights 11.4.4. Strategic Initiatives 11.5. Shayang Tianyi Medicine Industry Co Ltd. 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Technology Insights 11.5.4. Strategic Initiatives 11.6. Ajinomoto Co., Inc. 11.6.1. Company Overview 11.6.2. Financial Performance 11.6.3. Technology Insights 11.6.4. Strategic Initiatives
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