Anisole Market Reaching A Value Worth USD $54.9 Million By 2022: Grand View Research, Inc.

August 26 08:46 2019
Anisole Market Reaching A Value Worth USD $54.9 Million By 2022: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Growing demand for scents, creams, and various types of perfumes will propel industry penetration over the forecast period. Also, growing pharmaceutical sector in Asia Pacific countries including India and China and Latin America is expected to have a positive impact on the anisole market.

According to a report, “ Anisole Market Analysis By Application (Perfumes, Pharmaceuticals) And Segment Forecasts To 2022 ”, published by Grand View Research, Inc., The global baby products market size is expected to reach USD 16.78 billion by 2025, The market is anticipated to register a healthy CAGR of 5.5% over the forecast period. Increasing population in emerging economies of Asia Pacific including India and China is likely to drive the demand for baby products over the forecast period. Increased spending capacity in developed economies of North America and Europe will also augment industry growth over the next few years.

Moreover, rising awareness about infant nutrition, hygiene, and safety in developing regions will fuel the demand further. Continuous innovation in the field is also expected to propel industry growth in future. Cosmetics and toiletries segment held the largest share in the global market. Cosmetics help enhance infant skin, provide nourishment, resist swelling, itching, rashes, and inflammations. Apart from that they possess antibacterial, antifungal, antimicrobial properties, which soothe and provide luster to the skin.

These beneficial properties are expected to drive the demand over the forecast period. Infant food provides essential ingredients, which include vitamin B12, protein, carbohydrate, and iron, which are required in different growth phases to develop a good immune system. Availability of different food varieties coupled with its ease of use during travelling is expected to have a positive impact on the segment growth.

U.S. anisole market

Further key findings from the study suggest

  • The global baby products market is expected to witness a CAGR of 5.5% from 2018 to 2025 owing to increased female working population resulting in higher demand for ready-to-use items

  • Cosmetics & toiletries will witness the fastest growth at a CAGR of 5.7% from 2018 to 2024 owing to rising awareness regarding infant hygiene

  • Asia Pacific market was the largest baby products market in the past and will expand further on account of growing awareness about baby nutrition, hygiene, and safety

  • Key companies in the global market include Procter & Gamble Company, Kimberly-Clark Corporation, Johnson & Johnson PLC, Unilever PLC, Nestle S.A., and Abbott Nutrition

  • Most of these companies focus on increasing their global presence through M&A and brand awareness activities

  • For instance, in 2017, Abbott Nutrition announced its acquisition over Alere, Inc. The acquisition was intended to strengthen Abott’s presence in the diagnostics market

Application Insights

Anisole finds applications in various sectors including perfumes, pharmaceuticals, and other application including food & beverages and dyes. Perfume was the largest application segment in 2014 accounting for over 50% of global revenue and is expected to grow significantly as a result of high consumption owing to its pleasant and sweet properties. Robust manufacturing base of cosmetic industry coupled with growing domestic demand in U.S., China, Germany, Saudi Arabia, Italy, Mexico, Brazil, France and the UK is expected to augment industry growth over the forecast period

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Product use in the pharmaceuticals sector is expected to grow at CAGR of over 4.2% from 2015 to 2022 in light of high growth in China and India on account of favorable FDI policies. Moreover, growing domestic demand in developing countries due to increasing health awareness coupled with technological advancement is expected to further drive pharmaceutical industry, contributing to market growth over the next seven years.

Regional Insights

Europe was the dominant market in 2014, accounted for over 30% of the global share and will show high growth on account rising need for cosmetic products in Germany, Italy, France and UK. Urbanization, higher spending power and growing awareness regarding appearance and grooming are expected to propel perfume industry in the region thereby driving demand over the forecast period.

Asia Pacific is expected to witness significant rise with CAGR of over 4.7% from 2015 to 2022 on account of growing pharmaceutical sector in China, India, Indonesia, Malaysia Philippines, Singapore, Thailand and Vietnam. High investment by foreign players including British firm GlaxoSmithKline (GSK), Swiss company Novartis, and Germany’s Bayer will promote industry penetration over the next seven years. Rising consciousness of personal grooming Chinese consumers, coupled with increasing spending power is expected to propel increase demand for perfumes in the country thereby fuelling anisole market growth.

Within, Asia Pacific, Philippines is expected to stand-out in terms of growth. The country’s pharmaceutical industry is witnessing tremendous gains and is currently poised to become a regional hub with a value of nearly USD 4.2 billion by 2020. Also, positive trend in the country’s personal care & cosmetics space should give the required push for anisole’s demand.

High growth in the pharmaceutical industry in Argentina, Brazil, Chile and Uruguay is expected to have a positive impact on the industry. High fragrance consumption in Brazil will spur industry over the next seven years. High demand for perfumes in UAE, Kuwait, and Saudi Arabia will stimulate industry penetration over the forecast period. However, recent surge in political uncertainty could adversely impact demand from end-use industries, thereby affecting the market’s growth potential in the Middle East.

Browse Related Report: 

  • Baby Product Market Increasing population in emerging economies of Asia Pacific including India and China is likely to drive the demand for baby products over the forecast period. Increased spending capacity in developed economies of North America and Europe will also augment industry growth over the next few years.
  • Nail Polish Market – Nail products including enamel/varnish/lacquer is expected to be the fastest growing color cosmetics segment on account of the development of innovative textures and effects. The number of professional salons providing nail care services is increasing rapidly.

Grand View Research has segmented the global anisole market on the basis of application and region:

Anisole Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Perfumes

  • Pharmaceutical

  • Others

Anisole Regional Outlook (USD Million, 2012 – 2022)

  • North America

    • U.S.

  • Europe

    • Italy

    • France

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

  • MEA

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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