Global Taurine Market 2020

Global Taurine Market Research Report 2020

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.

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.

Taurine is one of the most important amino acids in 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.

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Taurine Type

Based on the type, taurine is primarily split into

Table 1.   Taurine Product by Types

Source: Secondary Sources, Expert Interviews and QYResearch, 2020

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

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.

Global Major Taurine Player

Table 2.   Global Taurine Key Manufacturers

Taurine is one of the most important amino acids in 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.

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.

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Table of Contents –Analysis of Key Points

1 Taurine Market Overview

1.1 Product Overview and Scope of Taurine

1.2 Taurine Segment by Type

1.2.1 Global Taurine Sales Growth Rate Comparison by Type (2021-2026)

1.2.2 Food Grade

1.2.3 Pharmaceutical Grade

1.3 Taurine Segment by Application

1.3.1 Taurine Sales Comparison by Application: 2020 VS 2026

1.3.2 Beverage

1.3.3 Pet Food

1.3.4 Health Care Products

1.3.5 Other

1.4 Global Taurine Market Size Estimates and Forecasts

1.4.1 Global Taurine Revenue 2015-2026

1.4.2 Global Taurine Sales 2015-2026

1.4.3 Taurine Market Size by Region: 2020 Versus 2026

2 Global Taurine Market Competition by Manufacturers

2.1 Global Taurine Sales Market Share by Manufacturers (2015-2020)

2.2 Global Taurine Revenue Share by Manufacturers (2015-2020)

2.3 Global Taurine Average Price by Manufacturers (2015-2020)

2.4 Manufacturers Taurine Manufacturing Sites, Area Served, Product Type

2.5 Taurine Market Competitive Situation and Trends

2.5.1 Taurine Market Concentration Rate

2.5.2 Global Top 5 and Top 10 Players Market Share by Revenue

2.5.3 Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.6 Manufacturers Mergers & Acquisitions, Expansion Plans

2.7 Primary Interviews with Key Taurine Players (Opinion Leaders)

………

6 Company Profiles and Key Figures in Taurine Business

6.1 Taisho Pharmaceutical(JP)

6.1.1 Corporation Information

6.1.2 Taisho Pharmaceutical(JP) Description, Business Overview and Total Revenue

6.1.3 Taisho Pharmaceutical(JP) Taurine Sales, Revenue and Gross Margin (2015-2020)

6.1.4 Taisho Pharmaceutical(JP) Products Offered

6.1.5 Taisho Pharmaceutical(JP) Recent Development

6.2 Honjo Chemical(JP)

6.2.1 Honjo Chemical(JP) Taurine Production Sites and Area Served

6.2.2 Honjo Chemical(JP) Description, Business Overview and Total Revenue

6.2.3 Honjo Chemical(JP) Taurine Sales, Revenue and Gross Margin (2015-2020)

6.2.4 Honjo Chemical(JP) Products Offered

6.2.5 Honjo Chemical(JP) Recent Development

6.3 Yongan Pharmaceutical(CN)

6.3.1 Yongan Pharmaceutical(CN) Taurine Production Sites and Area Served

6.3.2 Yongan Pharmaceutical(CN) Description, Business Overview and Total Revenue

6.3.3 Yongan Pharmaceutical(CN) Taurine Sales, Revenue and Gross Margin (2015-2020)

6.3.4 Yongan Pharmaceutical(CN) Products Offered

6.3.5 Yongan Pharmaceutical(CN) Recent Development

6.4 Yuanyang Pharmaceutical(CN)

6.4.1 Yuanyang Pharmaceutical(CN) Taurine Production Sites and Area Served

6.4.2 Yuanyang Pharmaceutical(CN) Description, Business Overview and Total Revenue

6.4.3 Yuanyang Pharmaceutical(CN) Taurine Sales, Revenue and Gross Margin (2015-2020)

6.4.4 Yuanyang Pharmaceutical(CN) Products Offered

6.4.5 Yuanyang Pharmaceutical(CN) Recent Development

6.5 Grand Pharma(CN)

6.5.1 Grand Pharma(CN) Taurine Production Sites and Area Served

6.5.2 Grand Pharma(CN) Description, Business Overview and Total Revenue

6.5.3 Grand Pharma(CN) Taurine Sales, Revenue and Gross Margin (2015-2020)

6.5.4 Grand Pharma(CN) Products Offered

6.5.5 Grand Pharma(CN) Recent Development

6.6 Fangming Pharmaceutical(CN)

6.6.1 Fangming Pharmaceutical(CN) Taurine Production Sites and Area Served

6.6.2 Fangming Pharmaceutical(CN) Description, Business Overview and Total Revenue

6.6.3 Fangming Pharmaceutical(CN) Taurine Sales, Revenue and Gross Margin (2015-2020)

6.6.4 Fangming Pharmaceutical(CN) Products Offered

6.6.5 Fangming Pharmaceutical(CN) Recent Development

6.7 Jiangyin Huachang(CN)

6.6.1 Jiangyin Huachang(CN) Taurine Production Sites and Area Served

6.6.2 Jiangyin Huachang(CN) Description, Business Overview and Total Revenue

6.6.3 Jiangyin Huachang(CN) Taurine Sales, Revenue and Gross Margin (2015-2020)

6.4.4 Jiangyin Huachang(CN) Products Offered

6.7.5 Jiangyin Huachang(CN) Recent Development

NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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