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Anisole Market Size
- Report ID: GMI2615
- Published Date: Aug 2018
- Report Format: PDF
Anisole Market Size
Anisole Market size was over $77 million in 2017, with projected gains close to 5% CAGR between 2018 and 2024. High prospects in the cosmetics sector and artificial fragrance associated with the product will drive the market demand in various cosmetics in the coming years
As per a report by the U.S. Department of Commerce, Asian countries observed an escalation in the per capita cosmetics spending in recent 5 years. Few key trends favoring the anisole market share in Asia Pacific region have been the organized retail, rise of urban population, westernization of the FMCG sector and the vociferously thriving e-commerce industry.
With an exponential rise in women expenditure on skin and hair care products and the upward trends in male grooming business, global anisole market will observe significant demand by 2024. The escalating demand for male grooming solutions has resulted in the scope beyond deodorants and shaving gels for men in the recent decade.
For instance, in India, the use of face-cleaning products among men increased about 60 times during 2009 to 2016. Currently, the male personal care industry prominently comprises fairness creams and beard balms, beard shampoos, etc.
| Report Attribute | Details |
|---|---|
| Base Year: | 2017 |
| Anisole Market Size in 2017: | 77 Million (USD) |
| Forecast Period: | 2018 to 2024 |
| Forecast Period 2018 to 2024 CAGR: | 5% |
| 2024 Value Projection: | 105 Million (USD) |
| Historical Data for: | 2013 to 2017 |
| No. of Pages: | 162 |
| Tables, Charts & Figures: | 204 |
| Segments covered: | Purity, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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As per Euromonitor International Personal Appearance Survey, range of beauty and personal care (BPC) products - socially acceptable for men has widened in past 10 years. One third of men spend more than thirty minutes a day grooming, featuring a vast scope of opportunities for BPC manufacturers to develop solutions catering the unique needs of the appearance-conscious segment of men. Such traits will drive the market in cosmetics and personal care products over the forecast timeframe.
With an essential involvement of phenolic components in synthesis of product, anisole (methoxybenzene) market growth will be highly subjected to crude trends. The price fluctuations of the crude oil will lead to a moderate growth of the overall anisole market.
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Anisole Market Scope
