Taurine, chemical name 2-aminoethanesulfonic acid
or β- Aminoethanesulfonic acid, is an organic compound with the chemical
formula C2H7NO3S. It is a sulfur-containing non-protein amino acid that was
originally isolated from bovine yellow, hence its name. Taurine exists in a
free state in the body and does not participate in the biosynthesis of proteins
in the human body. However, its chemical properties are stable and insoluble in
organic solvents such as ether.
Taurine has multiple physiological functions and is
widely distributed in animal tissue cells, with marine animals being
particularly abundant, and mammalian tissue cells also containing a large
amount of taurine. It can be widely used in fields such as medicine, food
additives, fluorescent whitening agents, and organic synthesis, and can also be
used as biochemical reagents, wetting agents, pH buffering agents, etc.
Segmented Product Types
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Classified
by purpose and quality standards
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Pharmaceutical-grade taurine
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Food-grade taurine
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Feed-grade taurine
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Industrial-grade taurine
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Classified
by production process
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Chemical synthesis method of taurine
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Biological fermentation method of taurine
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Overview of Market Development and Analysis of Competitive Landscape
Taurine, a sulfur-containing amino acid widely present in living organisms, has important effects on various physiological functions of the organism. In recent years, with people's pursuit of a healthy lifestyle, the application of taurine in food, medicine, cosmetics, and other fields has gradually increased, and the global taurine market has shown a booming development trend. Data shows that global sales of taurine reached 100.5k tons in 2023, with a market revenue of $373 million, an increase of 6.64% compared to 2022. It is expected that the market size will continue to increase to $534 million by 2028.
From the perspective of market competition, currently, the global taurine market is mainly dominated by several large manufacturers, with relatively concentrated market share. According to our data, the total revenue for taurine of the top 3 companies in the industry in 2023 was $266 million, with a total revenue share of 71.63%. The top 3 companies were Qianjiang Yongan Pharmaceutical 、Huanggang Fuchi Pharmaceutical and Jiangyin Huachang Food Additive, which are all from China. In 2023, these three companies accounted for 38.86%, 19.38%, and 13.39% of the global market revenue in the taurine market, respectively.
Global Taurine Market Revenue and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com
Market Development Trend Prediction
Growth driven: With people's pursuit of a healthy lifestyle and the widespread application of taurine in fields such as medicine, food, and cosmetics, it is expected that the global taurine market will continue to maintain a growth trend in the coming years.
Technological innovation: With the continuous progress and innovation of production technology, the production cost of taurine is expected to be further reduced, and product quality will also be improved.
Green environmental protection: In the future, environmental protection will become an important trend in the development of the taurine industry. Manufacturers need to pay attention to environmental requirements, promote green production, and reduce pollution emissions.
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