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Taurine Market Research Report 2023 | Valuates Reports
The global Taurine market was valued at US$ 161 million in 2022 and is anticipated to reach US$ 216.9 million by 2029, witnessing a CAGR of 4.3% during the forecast period 2023-2029.
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Taurine is a kind of natural exist non-essential amino acids. Taurine is an organic acid widely distributed in animal tissues, and also exist in human beings' body. But cats cannot produce taurine by itself.
It is discovered that the taurine in muscles decrease rapidly after exercise, and it is better intake taurine from drinks than foods, so the energy drinks can balance help body return to normal level. To the cats, lack of taurine can cause diseases like retinal blur.
Taurine was separated from ox-gall liquid in 1827. Most early production of taurine is extracted and separated from animal organs, and till 1950s, there are many institutes start research the synthetic process of taurine for mass production and low costs. Nowadays, the taurine in the world market is mainly synthetic product.
The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
Taurine Market Share
Global taurine key players include Yongan Pharmaceutical, Grand Pharma, Jiangyin Huachang, etc. Global top three manufacturers hold a share over 85%.
Asia-Pacific is the largest market, with a share over 30%, followed by Europe, and North America, both have a share over 55 percent.
In terms of product, ethylene oxide method is the largest segment, with a share over 85%. And in terms of application, the largest application is beverage, followed by pet food, healthcare products, etc.
This report aims to provide a comprehensive presentation of the global market for Taurine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Taurine.
The Taurine market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Taurine market comprehensively. Regional market sizes, concerning products by technology, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Taurine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by technology, by application and by regions.
By Companies
• Yongan Pharmaceutical
• Grand Pharma
• Jiangyin Huachang
• Yuanyang Pharmaceutical
• Taisho Pharmaceutical
• Zhejiang NHU Co., Ltd
By Technology
• Ethylene Oxide Method
• Ethanol Amine Method
By Application
• Beverage
• Pet Food
• Health Care Products
• Others
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-47/global-taurine
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