The projected sales of taurine in Western Europe are expected to reach USD 96.0 million in 2023, indicating an increase from the USD 91.1 million recorded in 2022. The demand for taurine in this region is anticipated to remain robust, with a forecasted CAGR of 5.6% from 2023 to 2033. By 2033, it is estimated that the taurine industry in Western Europe could experience a significant surge, reaching a valuation of USD 165.7 million.
| Attributes | Details |
|---|---|
| Industry Size for Western Europe in 2023 | USD 96.0 million |
| Expected Industry Size for Western Europe by 2033 | USD 165.7 million |
| Forecasted CAGR between 2023 to 2033 | 5.6% |
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Food grades leads the grade segment in Western Europe. For 2023, food grade is expected to account for 42.9% of the industry share.
From professional athletes to lower-tier recreational players, sports play a big part in the life of the Western European population. To improve body shape and get better fitness, supplements and energy drinks are being consumed in larger quantities. Thus, food grade making of taurine dominates in Western Europe.
| Demand for Taurine in Western Europe Based on Grade | Food Grade |
|---|---|
| Industry Share in 2023 | 42.9% |
Taurine is most commonly used in crafting beverages in Western Europe. For 2023, beverage is expected to contribute to 24.3% of the industry share by end use application.
The energy drinks sector in Western Europe is getting bolstered by celebrity endorsement. New brands are being launched by influencers too. Thus, there is constant demand for energy drinks in Europe and through the beverage segment, taurine consumption is increasing.
| Demand for Taurine in Western Europe Based on End Use Application | Beverage |
|---|---|
| Industry Share in 2023 | 24.3% |
| Countries | CAGR (2023 to 2033) |
|---|---|
| France | 7.2% |
| United Kingdom | 5.5% |
| Germany | 5.0% |
| Netherlands | 2.9% |
| Italy | 8.0% |
Italy is one of the leading countries in Western Europe for taurine. For the 2023 to 2033 period, the CAGR for Italy is predicted to be a sprightly 8.0%.
Italy has a diverse array of companies supplying both alcoholic and non-alcoholic drinks. The companies are recognizing the popularity of energy drinks and thus skewing production in that area. As a result, taurine consumption is getting boosted in the country.
France had earlier upheld strict rules regarding energy drinks. However, French authorities are now more inclined toward approving energy drinks in the country. Thus, France is full of potential for the taurine industry. For the forecast period, the CAGR for France is estimated to be an encouraging 7.2%.
As individuals with sensitive health conditions become more prevalent in the United Kingdom, there is a growing demand for taurine supplements. Supplements in the form of tablets are especially enjoying invigorating demand in the country. Manufacturers are heeding the demand of consumers by making supplements widely available through online means. The CAGR for the United Kingdom over the forecast period is projected to be a solid 5.5%.
In line with the growing vegan population in the country, manufacturers in Germany are focusing on producing vegan supplements. Consequently, taurine has an expanding scope in the country. Thus, taurine has ever-increasing scope in the country. For the forecast period, the CAGR for Germany is estimated to be a normal 5.0%.
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Industry players are benefiting from the increasing scale of regulatory authorities approving products with taurine in Western Europe. Scientific findings regarding the health benefits of taurine are also contributing to a positive outlook for the landscape in Western Europe.
The ever-increasing popularity of energy drinks is attracting numerous new entrants in Western Europe, with taurine being a key ingredient in these beverages. Suppliers in Western Europe are also seeking celebrity endorsements and involvement to further expand demand.
Recent Developments Observed in Taurine in Western Europe
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 96.0 million |
| Projected Industry Size by 2033 | USD 165.7 million |
| Anticipated CAGR between 2023 to 2033 | 5.6% CAGR |
| Historical Analysis of Demand for Taurine in Western Europe | 2018 to 2022 |
| Demand Forecast for Taurine in Western Europe | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Taurine in Western Europe, Insights on Global Players and Leading Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western European Providers |
| Key Companies Profiled | Ingreland; Mitsui Chemicals Europe GmbH; ZeinPharma; ICE Pharma; Swanson Health Products; Now Foods |
| Key Countries Profiled | United Kingdom, Germany, France, BENELUX, Sweden, Norway, Denmark, Italy, Spain |
The industry size of taurine in Western Europe is estimated to be USD 96.0 million in 2023.
Demand for taurine is expected to develop at an average CAGR of 5.6% in Western Europe from 2023 to 2033.
Increasing consumption of energy drinks and use of taurine in cat food are two of the factors driving the demand for the product in Western Europe.
Taurine adoption is expected to develop at a CAGR of 5.5% over the forecast period in the United Kingdom.
Taurine most commonly finds application in the beverage sector, with an expected industry share of 25.3% in 2023. l
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 Country 7.1. UK 7.2. Germany 7.3. Italy 7.4. France 7.5. Spain 7.6. Rest of Western Europe 8. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 9. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 11. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Market Structure Analysis 15. Competition Analysis 15.1. Atlantic Chemicals Trading GmbH 15.2. AuNutra Industries Inc 15.3. New Zealand Pharmaceuticals Ltd. 15.4. Stauber USA 15.5. MTC Industries Inc. 15.6. Hubei Grand Fuchi Pharmaceutical & Chemicals Co., Ltd. 15.7. Qianjiang Yongan Pharmaceutical Co., Ltd. 15.8. Taisho Pharmaceutical Holdings Co., Ltd. 15.9. The Honjo Chemical Corporation 15.10. Avanscure LifeSciences Pvt. Ltd. 16. Assumptions & Acronyms Used 17. Research Methodology
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Taurine Industry Analysis in Western Europe
