Taurine is another name for 2-aminoethanesulfonic acid, which refers to an amino acid that is present in most of the mammalian cells and tissues. It is an organic compound having antioxidant and detoxifying properties. It also acts as a membrane stabilizer. Taurine finds its application in the development of skeletal muscle, cranial nervous system, and retina. It is mainly derived from amino acid along with the thiol group known as cysteine. Taurine can easily be obtained from meat and fish.
MARKET DYNAMICS
An upsurge in the demand for cosmetics and health awareness is expected to drive the market growth of the taurine market. The wide-scale application of taurine in supplements and energy drinks also drives the market growth. However, the overuse of taurine as a supplement can lead to health-related issues, which restricts the growth of the taurine market. Increase in R&D and new launches is expected to boost the growth of the taurine market in the near future.
MARKET SCOPE
The "Global Taurine Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the taurine market with detailed market segmentation by form, grade, source, application and geography. The global taurine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading taurine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global taurine market is segmented on the basis of form, grade, source and application. On the basis of form, the taurine market is segmented into tablets or capsules, syrup and powder. As per grade the market is bifurcated into food grade and pharmaceutical grade. The market as per source is broken into meat, fish and dairy. As per application the taurine market is classified into healthcare products, pet foods, beverages and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global taurine market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The taurine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the taurine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the taurine market in these regions.
MARKET PLAYERS
The reports cover key developments in the taurine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from taurine market are anticipated to lucrative growth opportunities in the future with the rising demand for taurine market in the global market. Below mentioned is the list of few companies engaged in the taurine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- A M Nutratech Private Limited
- Ajinomoto Co., Inc.
- Fuchi Pharmaceutical Co., Ltd.
- Hangzhou FST Pharmaceutical Co. Ltd.
- Jiangsu Yuanyang Pharmaceutical Co Ltd,
- Jiangyin Huachang Food Additive Co. Ltd.
- Qingdao Aufeng International Company Limited
- Shayang Tianyi Medicine Industry Co. Ltd.
- The Honjo Chemical Corporation
- Tycoon Company Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.