FMI Predicts Taurine Market to Reach US$ 250 Mn towards the end of 2019

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Taurine Market

• March 2020

Report Id REP-GB-2746 Published On June
26,2019 Category Food and Beverages
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Taurine Market Analysis
According to a new study by FMI, sales of taurine
are expected to be valuated at US 250 Mn,
towards the end of 2019. While gains will be
underpinned by a slew of factors, including
changing regulatory scenarios, the report
suggests that wide applications of taurine, and
research and development for the launch of
innovative products will also contribute
significantly to the sales of taurine in the near
future. The study opines that taurine market
primarily relies on its various applications in
food, beverages, and animal feed industries.
Naturally sourced taurine is high in demand
compared to the synthetic one due to demand of
natural products increasing along with higher
absorption level of naturally sourced taurine.
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Taurine Market Analysis
According to the report, use of taurine in
beverages is more than that in any other
application. The use of taurine in beverages is
the highest amongst all applications within which
taurine is mostly being used in energy drinks.
This is due to ongoing demand for food products
and beverages globally, especially in developed
countries. Applications in Animal Feed,
Processed Food, and Flavouring Agents Uplift
Prospects The consumption of meat and meat
products is increasing across globe, due to
continuous demand from developed nations and
increasing demand from the developing nations. In
order to fulfill the increasing demand, livestock
production is becoming more commercialized. Many
livestock producers are preferring to use animal
feed products and ingredients to maximize meat
production. Taurine is used in animal feed and
pet food products to increase the nutritional
content of the feed. Increasing demand for meat
and meat products, therefore, is driving the
global taurine market.
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Taurine Market Analysis
But the consumption of taurine should be under
the proper observation of the expert as
overdosing could lead to life-threatening side
effects. This can lead to a decrease in the
consumption of taurine supplements and hinder the
market growth. Proper regulations by the
authorities could control the consumption rates
and its addition to products. Food and food
processing industry is flourishing due to
increasing consumer preference for convenient
food products. Taurine acts as an emulsifier and
flavoring agent, used in various food products
such as dairy, bakery, cereal, and baby products.
Besides food products, taurine also finds its
application in tobacco products, used as a
flavoring agent. Increasing consumption of
processed food products is increasing the demand
for taurine in the global market.
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Taurine Market Analysis
Taurine is also documented to be present in
algae, fungi, edible seaweed, and some species of
insects. There has been ongoing research for
alternative sources of protein, including
taurine. The research and development activities
for elevating cell-associated taurine in algae
can open new opportunity in global taurine
market. Also, ongoing demand for natural products
will boost demand for taurine in global
market. Health Benefits Associated with Taurine
Consumption Pushing Sales Taurine is endogenously
present in brain, heart, liver of the humans and
plays a vital role in few physiological
processes. Its metabolic actions include bile
acid conjugation, osmoregulation, and membrane
stabilization. Deficiency of taurine can lead to
various conditions such as cardiovascular
diseases, retinal degradation, epilepsy, etc. The
supplementation of taurine has been proven to be
beneficial for health. Demand for dietary
supplements has been increasing in the world, due
to increasing health consciousness. Thus,
consumption of taurine containing supplements is
increasing in the market, in turn increasing
demand for taurine. According to the report,
demand for taurine in dietary supplements as an
ingredient is growing at a high rate with a CAGR
of 5 by 2029.
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Taurine Market Analysis

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Taurine Market Analysis
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Taurine Market Analysis
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