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Taurine Market Size, Share, Trends, Growth, and Forecast 2020 to 2026

04-07-2020 01:07 PM CET | Health & Medicine

Press release from: Valuates Reports

Taurine Market Size, Share, Trends, Growth, and Forecast 2020

Based on our recent survey, we have several different scenarios about the taurine YoY growth rate for 2020. The taurine is expected to grow by a -4.2% in 2020 and the revenue will be 225.6 million dollars in 2020 from US$ 235.4 million in 2019. The market size of taurine will reach US$ 337.3 million in 2026, with a CAGR of 6.93 % from 2020 to 2026.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Taurine market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the taurine industry.

Inquire For Free Sample Report: https://reports.valuates.com/request/sample/QYRE-Othe-0W224/taurine_market

Taurine is one of the most important amino acids in the human body. Demand is rigid, add trace, downstream cost is not sensitive is another feature of this industry. The industry pattern is relatively good. Currently, the global taurine industry is concentrated in China, and only 4 enterprises are involved in it. Yongan Pharmaceutical co., ltd. has the largest production capacity in the world and is the industry's mobile producer and price leader.

In 2019, food-grade taurine has a main 94% market share, and pharmaceutical grade taurine has 5% market share.

o TAURINE APPLICATION

Based on the taurine application, the taurine market is sub-segmented into several major applications, Beverage, Pet Food, Health Care Products, and etc.

Food additives and nutritional supplements are the most important downstream applications of taurine. Taurine is an amino acid with many physiological functions and plays an important role in human body. The biggest difference with other amino acids is that taurine is not directly involved in the synthesis of proteins but is free from the cell. Therefore, taurine can remove toxins from the body, improve the stability of cell membrane, regulate the production of neurotransmitters and the calcium content between cells. As an excellent dietary additive, taurine is widely used in food and beverage industry. Taurine is used in 99% of food additives in the United States, Japan and other countries.

The pet food and feed industry is an important application of taurine. Because the cat does not have the function of synthetic taurine in the body, if the food is deficient in taurine, or its synthetic taurine disorder causes the blood taurine level to drop, will affect the function of retinal cells, resulting in retinal degeneration and blindness. In order to maintain normal visual function, to maintain vision, you need enough taurine. In nature, cats synthesize taurine after long-term intake of nutrients from mice, fish, and other animals. However, the natural feeding of domestic pet cats is restricted. Only by adding taurine in cat's pet food can the cat's night vision function be intact.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-0W224/taurine-market
o GLOBAL TAURINE MARKET SHARE BY REGIONS

Asia Pacific currently accounts for over 34% of the global taurine sales market share in 2019. Europe accounts for about 23% market share in 2018.

Taurine revenue market in Asia-Pacific improved a lot in recent years, which is about 33% in 2019, because of the majority of manufacturers in China and Japan.

o GLOBAL TAURINE MARKET: DRIVERS AND RESTRAINS

The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of sales about the global market and also about each type from 2015 to 2026. This section mentions the volume of sales by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.

Get Free Sample Report : https://reports.valuates.com/request/sample/QYRE-Othe-0W224/taurine_market

FOLLOWING ARE THE SEGMENTS COVERED BY THE REPORT ARE:

o Food Grade
o Pharmaceutical Grade

BY APPLICATION:

o Beverage
o Pet Food
o Health Care Products
o Other


THE KEY MANUFACTURERS THAT ARE OPERATING IN THE GLOBAL TAURINE MARKET ARE:

o Taisho Pharmaceutical(JP)
o Honjo Chemical(JP)
o Yongan Pharmaceutical(CN)
o Yuanyang Pharmaceutical(CN)
o Grand Pharma(CN)
o Fangming Pharmaceutical(CN)
o Jiangyin Huachang(CN)
o Others

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Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

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