Analytical Study of Taurine in Korea for 2023 to 2033

Taurine industry in Korea is worth USD 6.0 million in 2023, and it is predicted to surpass a valuation of USD 14.8 million by 2033. The rapid expansion of the beverage industry in Korea is a significant driver for increased taurine demand. Taurine, often utilized as an ingredient in energy drinks, finds growing popularity among consumers seeking beverages that offer both refreshments and a boost in energy levels.

Sales outlook of taurine in Korea is projected to maintain a remarkable CAGR of 9.4% through 2033. The rising consumer awareness of health and wellness, coupled with the demand for products offering additional nutritional benefits, has spurred the use of taurine in various functional food formulations. This, in turn, contributes to its sales.

Attributes Details
Industry Size for Korea in 2023 USD 6.0 million
Expected Industry Size for Korea by 2033 USD 14.8 million
Forecasted CAGR between 2023 to 2033 9.4%

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Key Factors Driving the Demand for Taurine in Korea

  • The flourishing sports and fitness culture in Korea has led to an upsurge in demand for dietary supplements. Taurine, recognized for its potential benefits in supporting cardiovascular health and exercise performance, is increasingly sought after by individuals engaged in fitness activities. This trend is driving its demand in the supplement market.
  • Taurine's reputation for promoting mental alertness and cognitive function has fueled demand, especially among consumers seeking products that enhance focus and concentration. This demand is evident not only in energy drinks but also in the formulation of dietary supplements catering to mental well-being.
  • Collaborations between taurine suppliers and beverage manufacturers further amplify its demand. As companies formulate new and innovative beverages to meet evolving consumer preferences, taurine's inclusion as a functional ingredient continues to rise. This contributes to the overall surge in demand.

Key Trends Propelling Taurine Demand in Korea

Emergence of Taurine-infused Beauty and Wellness Products

A distinctive trend in Korea involves the integration of taurine into beauty and wellness products. Recognizing its antioxidant properties and potential benefits for skin health, cosmetics brands are incorporating taurine into skincare formulations. Additionally, wellness brands are integrating it into dietary supplements, adding a unique dimension to its demand.

Integration into Culinary Creations

Taurine's journey extends beyond traditional beverage formulations as the culinary world in Korea embraces its incorporation into various food items. From taurine-infused snacks to gourmet dishes, the trend of introducing taurine into culinary creations provides consumers with diverse and innovative ways to experience its potential health benefits.

Rising Demand for Taurine-enhanced Functional Snacks

The demand for healthier snack alternatives has led to the emergence of taurine-enhanced functional snacks. Snack manufacturers are exploring the incorporation of taurine into energy bars, protein snacks, and other on-the-go options. This taps into the trend of health-conscious snacking among Korean consumers.

Taurine in Non-alcoholic Mixology

Taurine is finding a unique place in the non-alcoholic mixology scene in Korea. As the demand for sophisticated and health-conscious mocktails rises, bartenders and mixologists are experimenting with taurine-infused concoctions. This contributes to a new trend in the creation of refreshing and functional non-alcoholic beverages.

Focus on Sustainable and Clean Label Products

In line with global trends, there is a growing emphasis on sustainability and clean-label products in Korea. Taurine suppliers and manufacturers are responding by promoting sustainably sourced taurine. They are also incorporating it into clean label formulations, aligning with the increasing awareness and preferences for eco-friendly and transparent products.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Category-wise Insights

In this section of the report, the focus is on the category-wise insights for the taurine industry in Korea. The data highlights the food grade taurine segment, which is anticipated to exhibit rapid demand, securing a substantial share of 43.2% in 2023. Additionally, the analysis delves into the dominant end use application, emphasizing the significance of the beverage segment, which holds a notable 25.3% share in the Korea taurine industry in 2023.

Food Grade Taurine Segment to Record Rapid Demand with a Share of 43.2% in 2023

Leading Grade Segment Food Grade
Industry Share in 2023 43.2%

With an impressive 43.2% share in 2023, the food grade taurine segment is registering robust demand.

  • The surge is fueled by the integration of food grade taurine into culinary creations.
  • Increasing demand aligns with health-conscious consumer preferences.
  • Continuous innovation in food applications contributes to sustained growth.
  • Adoption in various cuisines caters to diverse consumer taste preferences.

Beverage End Use Application Holds a 25.3% Share of Korea Taurine Industry in 2023

Dominant End Use Application Beverage
Industry Share in 2023 25.3%

The beverage segment emerges as a dominant force, claiming a significant 25.3% share in the Korea taurine industry in 2023.

  • Taurine's prevalence in energy drinks drives substantial demand within beverages.
  • Increasing demand mirrors the surge in functional beverage popularity.
  • Taurine's incorporation in fitness beverages aligns with wellness-driven consumer choices.
  • Non-alcoholic mixology trends contribute to taurine's prominence in diverse beverages.

Competition Outlook for Taurine Industry in Korea

The taurine industry in Korea is characterized by a relatively high concentration of key players such as CJ CheilJedang, Daesang, Dongkook Pharmaceutical, and Hanmi Pharmaceutical. These industry leaders not only command significant industry share but also enjoy robust brand recognition, creating a formidable competitive landscape. This dominance presents challenges for smaller enterprises and new entrants as they navigate the competitive field shaped by the influence of these established players.

Emerging trends in the Korea taurine industry reveal the surge in demand for functional foods and beverages containing taurine, driven by consumers' growing interest in the associated health benefits. Additionally, evolving consumer preferences, marked by a preference for natural and organic ingredients, influence product development strategies. The industry also adapts to the digital age, with a notable shift toward increased online sales through eCommerce platforms. Simultaneously, Korean taurine manufacturers are actively seeking opportunities to expand their global footprint, contributing to the internationalization of competition within the industry.

Recent Developments by Companies Manufacturing Taurine in Korea

  • In November 2022, South Korean firm SuperNaturals launched a range of vitamin liquid sachet products that contain taurine, along with other ingredients such as collagen, biotin, and hyaluronic acid. The company aims to expand its presence in the South East Asian market, with a high demand for convenient and functional supplements.
  • In September 2022, Korean food company CJ CheilJedang announced that it had developed a new technology to produce taurine from microalgae, which is more eco-friendly and cost-effective than the conventional chemical synthesis method.

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Key Players Offering Taurine in Korea

  • CJ CheilJedang
  • Daesang
  • Dongkook Pharmaceutical
  • Hanmi Pharmaceutical
  • Ilhwa
  • Kyungdong Pharm
  • Samhwa Pharm
  • Yuhan Corporation

Global Companies Providing Taurine in Korea

  • Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd.
  • Qianjiang Yongan Pharmaceutical Co., Ltd.
  • Taisho Pharmaceutical Holdings Co., Ltd.
  • Avanscure LifeSciences Pvt. Ltd.
  • Atlantic Chemicals Trading GmbH
  • The Honjo Chemical Corporation

Scope of the Report

Attribute Details
Estimated Industry Size in 2023 USD 6.0 million
Projected Industry Size by 2033 USD 14.8 million
Anticipated CAGR between 2023 to 2033 9.4% CAGR
Historical Analysis of Demand for Taurine in Korea 2018 to 2022
Demand Forecast for Taurine in Korea 2023 to 2033
Report Coverage Industry Size, Industry Trends, Key Insights for Taurine in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled CJ CheilJedang; Daesang; Dongkook Pharmaceutical; Hanmi Pharmaceutical; Ilhwa; Kyungdong Pharm; Samhwa Pharm; Yuhan Corporation

Key Segments

By Grade:

  • Food Grade
  • Feed Grade
  • Pharmaceuticals Grade
  • Others

By End Use Application:

  • Food
    • Dairy Products
    • Infant
    • Bakery Products
    • Cereal Products
  • Beverage
    • Energy Drinks
    • Caffeinated Drinks
    • Soft & Carbonated Drinks
  • Animal Feed
    • Aquaculture Feed
    • Poultry Feed
  • Pet Food
    • Cat Food
    • Dog Food
  • Pet Supplements
    • Cat Supplements
    • Dog Supplements
  • Dietary Supplements
  • Cosmetics & Personal Care
    • Skin Care Products
    • Hair Care Products
    • Toiletries
  • Agriculture
  • Pharmaceuticals

By Province:

  • South Gyeongsang
  • North Jeolla
  • South Jeolla
  • Jeju

Frequently Asked Questions

What is the Industry Size of Taurine in Korea?

The industry size of taurine in Korea is estimated to be USD 6.0 million in 2023.

At What Rate are Taurine Sales Growing in Korea?

Taurine sales are forecasted to expand at a CAGR of 9.4% through 2033 in Korea.

What are the Primary Drivers of the Demand for Taurine in Korea?

The rising popularity of functional beverages and a heightened focus on health and wellness among consumers drives the demand for taurine in Korea.

Which Key Cities in Korea are Covered in the Analysis of Taurine Sales?

The key cities covered in the adoption analysis of taurine in Korea include South Gyeongsang, North Jeolla, South Jeolla, and Jeju.

Which is the Popular End Use Application for Taurine in Korea?

The beverage segment is the dominant end use application for taurine in Korea.

Which are the Key Players in the Taurine Industry in Korea?

Some key players in Korea taurine industry include CJ CheilJedang, Daesang, and Dongkook Pharmaceutical.

Table of Content
        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. South Gyeongsang
                7.2. North Jeolla
                7.3. South Jeolla
                7.4. Jeju
                7.5. Rest of Korea
        8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
        9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
        10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
        11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
        12. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
        13. Market Structure Analysis
        14. Competition Analysis
                14.1. Jiangyin Huachang
                14.2. Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd.
                14.3. Qianjiang Yongan Pharmaceutical Co., Ltd.
                14.4. Taisho Pharmaceutical Holdings Co., Ltd.
                14.5. Avanscure LifeSciences Pvt. Ltd.
                14.6. Atlantic Chemicals Trading GmbH
                14.7. The Honjo Chemical Corporation
                14.8. AuNutra Industries Inc
                14.9. New Zealand Pharmaceuticals Ltd.
                14.10. Stauber USA
        15. Assumptions & Acronyms Used
        16. Research Methodology
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