BLOG

Taurine Supplements: Global Market Overview

Sep 3, 2018

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

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.Get Free Sample_SE

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.

cta SE

Recent Blogs

5 Pro Tips for an Impactful Procurement Process

5 Pro Tips for an Impactful Procurement Process

What is a procurement process? Over the years, procurement process cycle has received a lot of attention as organizations across the globe have changed their focus from tactical functions to strategic business units. As a driver of major purchasing decisions, the...

read more

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

Infiniti Research, Inc. BBB Business Review

Better Business Bureau

Transitioning your category procurement strategy beyond cost-saving and into a strategic function of the organization.

The Pivotal Role Played by Contract Management in the Transportation and Logistics Industry – Actionable Recommendations

The Pivotal Role Played by Contract Management in the Transportation and Logistics Industry – Actionable Recommendations

Staying ahead of the curve, mitigating errors, and preemptively addressing risks can propel a company forward in the most challenging industries, making growth viable and achievable for all businesses with the right systems. SpendEdge emphasizes the value of proper supply chain management, strong supplier relationships, and efficient sourcing, contracting, and procurement processes. Achieving these goals can be difficult, time-consuming, and negatively impactful if implemented inaccurately. Therefore, automation, digitization, software, and embracing established systems is imperative for a positive and fast-climbing growth trajectory.

read more

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars
Request Free Proposal