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Taurine Market Business Opportunities, Latest Innovations, Top Players and Forecast by 2031 | COVID-19 Impact
Taurine Market
• Taurine is a type of amino acid that is essential for building protein blocks in the body. It is irreplaceable for healthy growth of infants as well for those at risks from various diseases. Infants are often fed Taurine through an addition in milk, in case they are not old enough to produce it on their own. Likewise, people who are on a life-support and are tube-fed also require healthy quantities of the amino acid.
• Taurine has life-saving potential for several patients. It supplements help treat congestive heart failure, liver disease, cystic fibrosis, and high blood pressure as well. It also aids the treatment of alcoholism, autism, ADHD, epilepsy, eye problems, and diabetes.
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Key Drivers, Restraints, and Opportunities of Global Taurine Market
• Rise in aspirations related to personal development globally coupled with an increase in the demand for cosmetics and health awareness is predicted to drive the global taurine market. Taurine energy drinks and supplements are also important for highly-trained athletes as well as the average young person to drive themselves toward their goals. Diverse applications of taurine are projected to boost the global taurine market as extensive commercial applications have made it an essential growth product for everyone.
• Usage of taurine is predicted to increase significantly, as positive early research indicates considerable promise. According to recent research, usage of taurine for long periods of time can prevent kidney and liver damage done by chemotherapy. Similarly, mixed with caffeine, taurine not only reduces sleep and provides extra energy but also improves response times simultaneously. This would be a huge boost to the taurine-based energy drink segment. Rise in R&D and new launches are anticipated to boost the taurine market in the near future.
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• Rise in demand for taurine for body building and fitness is anticipated to drive the taurine market during the forecast period. It assists in the prevention from dehydration, regulation of blood pressure, and enhances heart health, which is another key factor that propels the market. Rising consumption of taurine supplements by sportspersons and athletes is propelling the market. Increase in demand from the pet food industry and energy drink industry is also augmenting the market. Increase in awareness regarding healthy skin is also likely to propel the market.
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North America to Capture Major Share of Global Taurine Market
The global taurine market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Rise in importance of health, increase in disposable income, and competitive lifestyle are expected to fuel the demand for energy drinks as well as Taurine-based supplements. The cosmetic industry in the region is also expanding, as skin care and treatment become more important in choosing a mate. The market in Europe and North America is expected to expand at a steady pace during the forecast period.
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Key Players Operating in Global Taurine Market
The global taurine market is highly fragmented, with the presence of various key players. A large number of manufacturers hold a major share in their respective regions. Major players operating in the global taurine market are:
• Tycoon Company Limited
• Hangzhou FST Pharmaceutical Co Ltd
• Jiangyin Huachang Food Additive Co Ltd
• Jiangsu Yuanyang Pharmaceutical Co Ltd
• Shayang Tianyi Medicine Industry Co Ltd.
• A M Nutratech Private Limited
• Ajinomoto Co., Inc.
• Fuchi Pharmaceutical Co., Ltd.
• Qingdao Aufeng International Company Limited
• The Honjo Chemical Corporation
• Taisho Pharmaceutical Holdings Co.,LTD
• Honjo Chemical
• China Grand Pharmaceutical
• Healthcare Holdings Limited.
• TER HELL & CO. GMBH
• AWELL INGREDIENTS CO., LTD.
• Falken Trade
• Dr. Behr GmbH
• Atlantic Chemicals Trading GmbH
• A. B. Enterprises.
• Advance Inorganics.
• Aakriti Trading Company
• Avanscure Lifesciences Pvt. Ltd.
• Antares Chem Private Limited.
• Chemit Laboratories
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