What is Taurine?
Taurine, also known as 2-aminoethanesulfonic acid, is an organic compound that is commonly found in animal tissues. It is extracted from bull semen or ox bile. It is also found in breast milk, meat, fish, and human intestine. It is an amino acid which is useful in cardiovascular function, development of skeletal muscle, cranial nervous system, and retina. The taurine market is segmented based on its applications in different industries like the food industry, cosmetics industry, and several others. The pet food and energy drink markets record the highest demand for taurine supplements.
Taurine Market Overview
Market growth
The growth of this sector is fueled mainly by the energy drinks segment that accounts for a quarter of the total global demand for taurine supplements. The cosmetics industry is another major end user of this market. Taurine supplements are used in products such as skincare and shampoo for reducing fine lines, wrinkles, and for anti-aging purposes. Furthermore, taurine is also used in the pet food industry, which is expected to grow at a CAGR of over 5% in the next few years. (Download the sample report for more insights: Global Taurine Supplements Procurement Intelligence Report). In particular, taurine supplements are used as amino acids in dog and cat food to reduce the chance of heart failure and provide a balanced protein diet.
Pricing trends
The prices of taurine supplements have increased primarily due to stringent environmental protection policy of the Chinese government. The policy has led to the withdrawal of several medium and small-scale manufacturers of taurine and production suspension in large companies, thus, resulting in short supply of taurine. Increasing demand also allows producers and manufacturers to increase the prices in the taurine market. Apart from the beverage industry, taurine is observing increased application in healthcare, feed, and pharmaceutical industry, thus, leading to a surge in demand and prices.
Market innovations
One of the key innovations in the taurine market is in the case of cosmetics. With the rapid rise in consumer demand for the use of taurine in cosmetic products, China-based manufacturers are combining taurine with grape extract for personal care cosmetics. This is known to particularly improve the quality of nails for preventing or reducing their splitting.
Top suppliers
Some of the major suppliers in the taurine market include:
- Taisho MTC Ltd
- Honjo Chemical
- Fuchi Pharmaceutical
- Jiangyin Huachang
- Jiangsu Yuanyang
Want detailed insights on the top suppliers? View the full report or download a free sample.
Procurement best practices
One of the vital best practices for buyers in the taurine market is to engage with suppliers that can assist in inventory management, as this helps them to reduce inventory and storage costs and provides better operational efficiency by minimizing stock-outs. They can also opt for suppliers who can provide solutions such as the vendor-managed inventories as this will reduce their management efforts and ensure continuity in delivery based on their requirements. Engaging with suppliers who have implemented IT infrastructure to manage their logistics and operations is an added advantage for suppliers in the taurine market.
For in-depth insights on the top taurine supplements vendors along with supply market insights, procurement best practices, pricing insights, and supplier selection criteria in SpendEdge’s report on taurine and taurine supplements.
