Taurine foods7/6/2023 ![]() ![]() Europe is projected to grow at a CAGR of 3.8% in taurine market during the forecast period.The market is expected to grow due to presence of leading manufacturers and exporters of food & beverages in this region. Asia-Pacific is expected to grow with a significant CAGR of 3.9% throughout the forecast period.Furthermore, the continued focus on preventing heart disease is also anticipated to influence American consumers to embrace healthier lifestyles. This shift in consumer behavior can be attributed to the increased pet adoption rates and heightened awareness among consumers regarding the significance of maintaining a healthy lifestyle and enhancing immunity. In 2023, the United States is expected to witness a substantial rise in dog and dietary supplement consumption.The market in this region is expected to grow with a CAGR of 3.6% throughout the forecast period. North America dominated the market in 2022 and is expected to retain this trend of dominance by accumulating a 41% market share in 2023.Get a Customized Solution to Meet Your Research Requirements: The market is expected to grow due to the numerous benefits of taurine, including its ability to prevent dehydration, maintain healthy blood pressure, and improve heart health. The rising demand for taurine in pet food is anticipated to propel market growth.The growing trend of energy drinks such as red bull and others across the globe is expected to drive the demand for taurine during the forecast period.Also, the beneficial effects of taurine in the food and pharmaceutical industries are further contributing to the global market demand for this product. ![]()
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