Anisole Market size to Reach USD 146.39 million by 2029.

 

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.

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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.

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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.

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.

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