Global Anisole Market – Industry Trends and Forecast to 2029

Global Anisole Market, By Purity Type (Up To 99.5%, Above 99.5%), Application (Pharmaceuticals, Perfumes, Food and Beverages, Dyes, Others) – Industry Trends and Forecast to 2029.

Anisole Market Analysis and Size

The global anisole market is expected to witness significant growth during the forecast period. The market is fragmented due to the presence of several small-scale manufacturers. According to the U.S. Department of Commerce report, Asian countries have witnessed growth in per capita cosmetics spending in the last five years. One major trend favoring the anisole market in Asia Pacific region is organized retail. The increase in urban population, vociferously thriving e-commerce industry and westernization of the FMCG sector are some primary reason reasons which will boost the demand of the anisole in the market during the forecast period.

Data Bridge Market Research analyses that the anisole market was valued at USD 95.39 million in 2021 and is expected to reach USD 146.39 million by 2029, registering a CAGR of 5.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Anisole Market Scope and Segmentation

Market Definition

Anisole is also known as methoxybenzene, an organic compound with the molecular formula CH3OC6H5. It is a colorless liquid with a smell of anise seed, and in fact many of its derivatives are found in artificial and natural fragrances. This compound is generally made synthetically and it is a precursor to many other synthetic compounds.

Global Anisole Market Dynamics

Drivers

• Varied application of anisole in multiple industries

Anisole is an organic substance which odors like an anise seed. The application of anisole chemical in numerous industrial verticals has been growing due to unique physical and chemical properties of methoxybenzene. The end-user industries of the anisole include pharmaceutical, cosmetic and food manufacturing companies. Anisole has been normally used as a precursor to insect pheromones, pharmaceuticals; and perfumes as an intermediate in manufacturing of pharmaceuticals, fragrances, and dyes. It is also used as a solvent in the synthesis of organic compounds. The growing demand for anisole from multiple industries due to varied applications is expected to boost the market's growth rate.

• High usage of anisole in  pharmaceutical sector

Anisole is widely used in the pharmaceutical industry for specific formulations for instance, used in cough medicine, antiseptic and local anesthetic and as a major component in various pharmaceutical products for the treatment of stress and depression issues. Anisole serves as a major precursor in producing several pharma compounds. It is used to produce guaiacol, a cough medicine, local anesthetic and antiseptic medicinally. These are the major factors which increase the demand of anisole in pharmaceutical sector are expected to boost market growth rate.

Opportunities

• Growing demand of anisole in cosmetic and personal care sector

The increasing demand for anisole in the cosmetic and personal care industry will bring huge development opportunities for the anisole market. Anisole is mainly used to produce fragrances and perfumes products to offer aromatic fragrances in the cosmetic products. Growing demand for creams, scents, and several types of perfumes will propel industry penetration during the forecast period. Furthermore, the rising urbanization and the increasing disposable income of various individuals over all the globe which have led to a rise in the sales of personal and cosmetics care products. Hence, these factors will significantly shape the growth of the anisole market.

Furthermore, growing research and development activities to increase its area of application and increasing demand for creams and various fragrance based product are expected to provide lucrative opportunities and will flourish the growth of the anisole market during the forecast period of 2022-2029.

Restraints/ Challenges

• Issues associated with anisole

Fluctuation in the price of raw materials used in anisole production may obstruct the growth of the global anisole market. Furthermore, less storage life of anisole will also act as major limitation towards the growth of the anisole market during the forecast period.

Moreover, inhalation of anisole can lead to the harmful effect on health of persons such as dry skin, throat burning, cough and eyes irritation which will also act as a biggest challenge for the growth of the anisole market.

This anisole market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the anisole market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Anisole Market

The outbreak of the COVID-19 epidemic has severally affected the growth of the global anisole market.  The anisole market saw a decline in the economic growth in several major countries, affecting customer spending patterns. The shutdown and lockdown imposed by the government in many countries, national and international transport has significantly disrupted the supply chain of many industries all over the globe. Thus, insufficient raw material supply is anticipated to obstruct the manufacturing rate of anisoles and adversely impact the anisole market's growth.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Anisole Market Scope

The anisole market is segmented on the basis of purity type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Purity Type

• Up To 99.5%
• Above 99.5%

Application

• Pharmaceuticals
• Perfumes
• Food and Beverages
• Dyes
• Others

Anisole Market Regional Analysis/Insights

The anisole market is analysed and market size insights and trends are provided by country, forms, purity type and application as referenced above.

The countries covered in the anisole market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the anisole market in terms of revenue and market share due to the high demand for personal care products among consumers in this region. Furthermore, higher spending power and growing awareness regarding grooming and appearance are expected to propel perfume industry in this region thus, driving demand for anisole in the market.

Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the growing number of pharmaceuticals industries in, mainly in India and China. Moreover, increasing consciousness of personal grooming Chinese consumers with growing spending power is projected to drive increased demand for perfumes in the country, thus, increasing anisole market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Anisole Market Share Analysis

The anisole market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to anisole market.

Some of the major players operating in the anisole market are:

• Evonik Industries AG (Germany)
• Solvay (Belgium)
• Merck & Co., Inc. (U.S.)
• Atul Ltd (India)
• Benzo Chem Industries Pvt. Limited (India)
• Parchem fine & specialty chemicals (U.S.)
• Merck KGaA (Germany)
• Parchem fine & specialty chemicals (U.S.)
• Shanghai Worldyang chemical Co., Limited (China)
• Kessler Chemical, Inc. (U.S.)
• Oakwood Products, Inc. (U.S.)
• Eastman Chemical Company (U.S.)
• Clean Science and technology Limited (India)
• Westman Chemicals Pvt. Ltd (India)
• Emmennar (India)