Taurine industry in Korea is worth US$ 6.0 million in 2023, and it is predicted to surpass a valuation of US$ 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 | US$ 6.0 million |
| Expected Industry Size for Korea by 2033 | US$ 14.8 million |
| Forecasted CAGR between 2023 to 2033 | 9.4% |
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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.
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.
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 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.
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.
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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.
| 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.
| 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.
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
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Global Companies Providing Taurine in Korea
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 6.0 million |
| Projected Industry Size by 2033 | US$ 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 |
The industry size of taurine in Korea is estimated to be US$ 6.0 million in 2023.
Taurine sales are forecasted to expand at a CAGR of 9.4% through 2033 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.
The key cities covered in the adoption analysis of taurine in Korea include South Gyeongsang, North Jeolla, South Jeolla, and Jeju.
The beverage segment is the dominant end use application for taurine in Korea.
Some key players in Korea taurine industry include CJ CheilJedang, Daesang, and Dongkook Pharmaceutical.
1. Executive Summary 1.1. Korea Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Grade 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Grade, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Grade, 2023 to 2033 5.3.1. Food Grade 5.3.2. Feed Grade 5.3.3. Pharmaceuticals Grade 5.3.4. Others 5.4. Y-o-Y Growth Trend Analysis By Grade, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Grade, 2023 to 2033 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Food 6.3.1.1. Dairy Products 6.3.1.2. Infant 6.3.1.3. Bakery Products 6.3.1.4. Cereal Products 6.3.2. Beverage 6.3.2.1. Energy Drinks 6.3.2.2. Caffeinated Drinks 6.3.2.3. Soft & Carbonated Drinks 6.3.3. Animal Feed 6.3.3.1. Aquaculture Feed 6.3.3.2. Poultry Feed 6.3.4. Pet Food 6.3.4.1. Cat Food 6.3.4.2. Dog Food 6.3.5. Pet Supplements 6.3.5.1. Cat Supplements 6.3.5.2. Dog Supplements 6.3.6. Dietary Supplements 6.3.7. Cosmetics & Personal Care 6.3.7.1. Skin Care Products 6.3.7.2. Hair Care Products 6.3.7.3. Toiletries 6.3.8. Agriculture 6.3.9. Pharmaceuticals 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 7.3.1. South Gyeongsang 7.3.2. North Jeolla 7.3.3. South Jeolla 7.3.4. Jeju 7.3.5. Rest of Korea 7.4. Market Attractiveness Analysis By Region 8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Grade 8.2.2. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Grade 8.3.2. By Application 8.4. Key Takeaways 9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Grade 9.2.2. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Grade 9.3.2. By Application 9.4. Key Takeaways 10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Grade 10.2.2. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Grade 10.3.2. By Application 10.4. Key Takeaways 11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Grade 11.2.2. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Grade 11.3.2. By Application 11.4. Key Takeaways 12. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Grade 12.2.2. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Grade 12.3.2. By Application 12.4. Key Takeaways 13. Market Structure Analysis 13.1. Competition Dashboard 13.2. Competition Benchmarking 13.3. Market Share Analysis of Top Players 13.3.1. By Regional 13.3.2. By Grade 13.3.3. By Application 14. Competition Analysis 14.1. Competition Deep Dive 14.1.1. Jiangyin Huachang 14.1.1.1. Overview 14.1.1.2. Product Portfolio 14.1.1.3. Profitability by Market Segments 14.1.1.4. Sales Footprint 14.1.1.5. Strategy Overview 14.1.1.5.1. Marketing Strategy 14.1.1.5.2. Product Strategy 14.1.1.5.3. Channel Strategy 14.1.2. Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd. 14.1.2.1. Overview 14.1.2.2. Product Portfolio 14.1.2.3. Profitability by Market Segments 14.1.2.4. Sales Footprint 14.1.2.5. Strategy Overview 14.1.2.5.1. Marketing Strategy 14.1.2.5.2. Product Strategy 14.1.2.5.3. Channel Strategy 14.1.3. Qianjiang Yongan Pharmaceutical Co., Ltd. 14.1.3.1. Overview 14.1.3.2. Product Portfolio 14.1.3.3. Profitability by Market Segments 14.1.3.4. Sales Footprint 14.1.3.5. Strategy Overview 14.1.3.5.1. Marketing Strategy 14.1.3.5.2. Product Strategy 14.1.3.5.3. Channel Strategy 14.1.4. Taisho Pharmaceutical Holdings Co., Ltd. 14.1.4.1. Overview 14.1.4.2. Product Portfolio 14.1.4.3. Profitability by Market Segments 14.1.4.4. Sales Footprint 14.1.4.5. Strategy Overview 14.1.4.5.1. Marketing Strategy 14.1.4.5.2. Product Strategy 14.1.4.5.3. Channel Strategy 14.1.5. Avanscure LifeSciences Pvt. Ltd. 14.1.5.1. Overview 14.1.5.2. Product Portfolio 14.1.5.3. Profitability by Market Segments 14.1.5.4. Sales Footprint 14.1.5.5. Strategy Overview 14.1.5.5.1. Marketing Strategy 14.1.5.5.2. Product Strategy 14.1.5.5.3. Channel Strategy 14.1.6. Atlantic Chemicals Trading GmbH 14.1.6.1. Overview 14.1.6.2. Product Portfolio 14.1.6.3. Profitability by Market Segments 14.1.6.4. Sales Footprint 14.1.6.5. Strategy Overview 14.1.6.5.1. Marketing Strategy 14.1.6.5.2. Product Strategy 14.1.6.5.3. Channel Strategy 14.1.7. The Honjo Chemical Corporation 14.1.7.1. Overview 14.1.7.2. Product Portfolio 14.1.7.3. Profitability by Market Segments 14.1.7.4. Sales Footprint 14.1.7.5. Strategy Overview 14.1.7.5.1. Marketing Strategy 14.1.7.5.2. Product Strategy 14.1.7.5.3. Channel Strategy 14.1.8. AuNutra Industries Inc 14.1.8.1. Overview 14.1.8.2. Product Portfolio 14.1.8.3. Profitability by Market Segments 14.1.8.4. Sales Footprint 14.1.8.5. Strategy Overview 14.1.8.5.1. Marketing Strategy 14.1.8.5.2. Product Strategy 14.1.8.5.3. Channel Strategy 14.1.9. New Zealand Pharmaceuticals Ltd. 14.1.9.1. Overview 14.1.9.2. Product Portfolio 14.1.9.3. Profitability by Market Segments 14.1.9.4. Sales Footprint 14.1.9.5. Strategy Overview 14.1.9.5.1. Marketing Strategy 14.1.9.5.2. Product Strategy 14.1.9.5.3. Channel Strategy 14.1.10. Stauber USA 14.1.10.1. Overview 14.1.10.2. Product Portfolio 14.1.10.3. Profitability by Market Segments 14.1.10.4. Sales Footprint 14.1.10.5. Strategy Overview 14.1.10.5.1. Marketing Strategy 14.1.10.5.2. Product Strategy 14.1.10.5.3. Channel Strategy 15. Assumptions & Acronyms Used 16. Research Methodology
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Taurine Industry Analysis in Korea
