Taurine End-use Analysis Market size is $235 Million in 2019, growing at a CAGR of 6.7% during the forecast period 2020-2025. Taurine is an amino-sulfonic acid that is naturally found in the body. It is concentrated in the brain, eyes, heart and muscles in particular. It is located in the heart, retinas, and skeletal muscle tissues of the spinal cord, brain, muscle cells, and controls the cells in the body, stabilizes the membranes of the cells, creates bile salts, and changes the calcium inside the cells. Individuals with diabetes may benefit from taurine, potentially reducing blood sugar levels and improving different risk factors like heart diseases. By decreasing the blood flow resistance in blood vessel walls, taurine will help lower high blood pressure. It may also decrease the brain’s nerve impulses that raise blood pressure. For highly qualified athletes as well as average young people, taurine power drinks and supplements are also important to push themselves towards their goals.
Taurine End-use Analysis Market Segment Analysis – By Application
In 2019, Beverages segment dominated the Taurine End-use Analysis Market in terms of revenue is estimated to grow at a CAGR of 7.3%. Taurine is highly used in sports nutrition, especially in energy drinks, which has led to high demand for taurine in developed regions. Taurine is added to soda and energy drinks which may provide 600–1,000 mg in a single 8-ounce (237-ml) serving. In human breast milk and in much lower amounts in cow’s milk, taurine is present in high concentrations and improves mental output. Other chemicals, such as caffeine, are also present in most energy drinks that contain taurine. Among teenagers, energy drinks are more popular. Consumption of energy drinks is heavily influenced by the view of consumers about energy drinks, weight status and socio-demographics which further increases the demand for taurine and aids towards the growth of the market.
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Taurine End-use Analysis Market Segment Analysis – Geography
In 2019, the Europe region dominated Taurine End-use Analysis Market in terms of revenue with a market share of 37% owing towards rising public & private funding for R&D in this region. Fueling the market for energy drinks and taurine-based supplements is expected to be increasingly critical for fitness, rising disposable income, and a competitive lifestyle. As skin care and treatment become more relevant in choosing a partner, the cosmetic industry in the area is also increasing in this region. Government has taken initiatives to promote technological advancements and initiatives to escalate the product development process are key factors in the growth of the Taurine End-use Analysis market. North America is expected to record the fastest growth rate during the forecast period 2020-2025.
Taurine End-use Analysis Market Drivers
Increased Popularity of Plant-based and Natural Products
The increasing demand for dietary supplements owing to increasing health consciousness is driving the market’s growth. Consumers preference towards packaged goods with the experience and influence of the ingredients used is driving the market. Chemical synthesis, the method of ethylene oxide, provides about 90% of the taurine supplied to the global market. Owing to the health halo surrounding plant-based ingredients and products, the preference for natural and plant-based products is growing around the world.
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Taurine End-use Analysis Market Challenges
Major Regulatory Concerns
Regulatory concerns regarding usage of Taurine End-use Analysis and growing stringent government policy and regulation towards the quantity of taurine being used in application is restraining growth of the market. Lack of sufficient storage facilities, vulnerability to leaching and transportation with high cost is hindering the market’s growth.
Taurine End-use Analysis Industry Outlook
Product Launches was the key strategy of the players in the Taurine End-use Analysis Industry. Taurine End-use Analysis top 10 companies include MTC Industries Inc., Stauber USA., Foodchem International Corporation, The Honjo Chemical Corporation, Qianjiang Yongan Pharmaceutical Co., Ltd., Pharmaceuticals Ltd., Ajinomoto Co., Inc., Kyowa Hakko Bio Co., Ltd., Jiangsu Yuanyang Chemical Co., Ltd. and Fuchi Pharmaceutical Co., Ltd.
In September 2020, Stauber USA, launched Aquamin Plus. It improved the patients overall quality of life, reduced their pain level, increased the distance they could walk, improved the number of stand and walk for a distance performed over a given time range, and reduced the patients.
Health consciousness is expected to drive demand in the global taurine market by rising expectations related to personal growth globally, coupled with growing demand for cosmetics.
The growth of the market is driven by the rising value of taurine as a supplement, its many life-saving medical benefits, and its rising commercial application as an energy booster.
North America region is projected to record the fastest growth rate during the forecast period during the forecast period 2020-2025.
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