The estimated industry size of taurine in Japan for 2023 is USD 14.6 million. Registering a modest CAGR of 6.3%, the industry size in Japan is estimated to surpass USD 27.0 million by 2033.
| Attributes | Details |
|---|---|
| Taurine Industry in Japan Value for 2023 | USD 14.6 million |
| Projected Industry Value for 2033 | USD 27.0 million |
| Value-based CAGR of Industry for 2023 to 2033 | 6.3% |
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The industry analysis of taurine in Japan distinguishes between two key segments: grade and end use application. The report highlights the prevalence of the food-grade segment within the grade category and the beverage segment within the end use application category.
The food grade segment is expected to hold an industry share of 41.3% in 2023. The domination of this segment is supported by the rising demand for highly nutritious foods and drinks among sportsmen, athletes, and fitness enthusiasts as well as rising awareness of health and wellness. Taurine, being a naturally occurring amino acid found in various foods, aligns with the Japanese culinary emphasis on wholesome and nutritious ingredients. Its incorporation into food products can offer a unique opportunity for the industry to enhance both nutritional value and consumer appeal. Moreover, the global trend toward plant-based alternatives has prompted the development of synthetic taurine, making it more accessible for vegan consumers. This supports Japan's increasing awareness of dietary preferences and the demand for plant-derived options. Ginseng demand is projected to expand in the upcoming years as many food companies are seeking product enhancements.
| Attributes | Details |
|---|---|
| Grade | Food Grade |
| Industry Share in 2023 | 41.3% |
The beverage segment is expected to hold an industry share of 23.3% in 2023. In Japan, the demand for taurine in the beverage sector has skyrocketed due to its perceived ability to enhance energy levels and concentration. The Increasing demand for beverages that provide health advantages is expected to create lucrative opportunities for the industry. Taurine is recognized for its ability to maintain cardiovascular health and aid in several physiological activities. Japanese consumers, known for their appreciation of innovative and health-conscious products, have embraced beverages containing taurine as a go-to option for a quick and effective energy boost. To meet this requirement, beverage producers have included taurine into their drinks.
| Attributes | Details |
|---|---|
| End Use Application | Beverage |
| Industry Share in 2023 | 23.3% |
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Taisho Pharmaceutical Co., Ltd., Ajinomoto Co., Inc., Kyowa Hakko Bio Co., Ltd., Suntory Beverage & Food Limited, and Eisai Co., Ltd. already have a strong foothold in the industry.
Industry players are gaining trust from regulatory authorities in Japan, progressively authorizing taurine-containing products. Scientific discoveries about taurine's health benefits are also reshaping Japan's industry landscape. The rising popularity of energy drinks is attracting many new competitors in Japan, with taurine being one of the significant ingredients. Suppliers in Japan are similarly seeking celebrity endorsements and involvement to boost demand.
Recent Developments in the Taurine Industry in Japan
Taisho Pharmaceutical Co., Ltd.:
Taisho Pharmaceutical's advanced manufacturing facilities use modern equipment to ensure that taurine meets quality standards. The company's emphasis on research and development fosters ongoing innovation, allowing it to remain at the forefront of taurine-related medical advancements. Taisho Pharmaceutical is committed to sustainability and corporate responsibility through environmentally friendly operations and regulatory compliance.
Ajinomoto Co., Inc.:
Ajinomoto Co., Inc. has been one of the leaders in manufacturing amino acids, particularly taurine. The company's dedication to excellence is evident in its advanced taurine production processes and their impact on various industries, including pharmaceuticals, food and drinks, and cosmetics. The company's focus on research and development has resulted in the development of novel taurine-based products that meet changing consumer demands.
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 14.6 million |
| Projected Industry Size by 2033 | USD 27.0 million |
| Anticipated CAGR between 2023 to 2033 | 6.3% CAGR |
| Historical Analysis of Demand for Taurine in Japan | 2018 to 2022 |
| Demand Forecast for Taurine in Japan | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Taurine Industry in Japan, Insights on Global Players and Leading Industry Strategy in Japan, Ecosystem Analysis of Local and Regional. |
| Key Companies Profiled | Taisho Pharmaceutical Co., Ltd.; Ajinomoto Co., Inc.; Kyowa Hakko Bio Co., Ltd.; Suntory Beverage & Food Limited; Eisai Co., Ltd.; Meiji Co., Ltd.; Abbott Laboratories; GlaxoSmithKline; Reckitt Benckiser; Red Bull GmbH; Monster Energy |
In 2023, the industry size of taurine in Japan is valued at USD 14.6 million in 2023.
Increasing demand in the beverage and pharmaceutical sectors is one of the key trends in Japan
The demand for taurine in Japan is expected to progress at an average CAGR of 6.3% from 2023 to 2033.
By 2033, the industry size of taurine in Japan is forecasted to exceed USD 27.0 million.
Taisho Pharmaceutical Co., Ltd., Ajinomoto Co., Inc., Kyowa Hakko Bio Co., Ltd., Suntory Beverage & Food Limited, Eisai Co., Ltd. are some of the prominent taurine industry players in Japan.
1. Executive Summary
2. Market Overview
3. Market Background
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Grade
5.1. Food Grade
5.2. Feed Grade
5.3. Pharmaceuticals Grade
5.4. Others
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Food
6.1.1. Dairy Products
6.1.2. Infant
6.1.3. Bakery Products
6.1.4. Cereal Products
6.2. Beverage
6.2.1. Energy Drinks
6.2.2. Caffeinated Drinks
6.2.3. Soft & Carbonated Drinks
6.3. Animal Feed
6.3.1. Aquaculture Feed
6.3.2. Poultry Feed
6.4. Pet Food
6.4.1. Cat Food
6.4.2. Dog Food
6.5. Pet Supplements
6.5.1. Cat Supplements
6.5.2. Dog Supplements
6.6. Dietary Supplements
6.7. Cosmetics & Personal Care
6.7.1. Skin Care Products
6.7.2. Hair Care Products
6.7.3. Toiletries
6.8. Agriculture
6.9. Pharmaceuticals
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Kanto
7.2. Chubu
7.3. Kinki
7.4. Kyushu & Okinawa
7.5. Tohoku
7.6. Rest of Japan
8. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14. Market Structure Analysis
15. Competition Analysis
15.1. The Honjo Chemical Corporation
15.2. Mitsui Chemicals, Inc.
15.3. Shima Trading Co., LTD
15.4. Kyowa Hakko Bio Co., Ltd.
15.5. Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd.
15.6. Qianjiang Yongan Pharmaceutical Co., Ltd.
15.7. Taisho Pharmaceutical Holdings Co., Ltd.
15.8. Avanscure LifeSciences Pvt. Ltd.
15.9. Atlantic Chemicals Trading GmbH
15.10. New Zealand Pharmaceuticals Ltd.
16. Assumptions & Acronyms Used
17. Research Methodology
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Taurine Industry Analysis in Japan
