Soap Noodles Market Forecast| 1.14 Billion-Dollar Mark by 2025, 143 pages report
Global Soap Noodles Market is forecast to exceed USD 1.14 billion by 2025; according to a new research report.Rapidly growing need for toilet soap is projected to drive the growth of the soap noodles market during the forecast period. Soap noodles are extensively used to produce toilet preparations globally. The rising demand for cosmetic and personal care soaps from developing countries is projected to positively affect the soap noodles market over the forecast timeframe.
The drifting consumer preference towards liquid gels and soaps mainly in North America and Europe will be a major market restraining factor over the next few years. Leading soap producers are reducing research and development activities in the bar soap portfolio while concentrating into the lucrative liquid soap segments. This shift in product preference by the manufacturers is anticipated to restrain the global soap noodles market growth in future.
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In terms of process, saponification route was the leading segment in 2018 and is expected to hold a larger chunk of market share by 2025. Saponification process is less complex and is comparatively cheaper than the fatty acid process hence is highly preferred across the globe. Moreover, saponification process is widely employed for manufacturing of premium quality soap noodles that are in turn used in various toilet soap preparations. Saponification route held more than half of market share in 2018 and is likely to grow at a CAGR of over 3% during the review period.
In 2018, personal hygiene soap segment accounted for a major share and shall continue to lead application segment during the forecast period. The personal hygiene soaps consist of high-grade soap bars produced using soap noodles. These soaps contain adequate amounts of palm kernel oil and palm oil and a composition of fatty matter (over 70%). The fueling demand for beauty and personal hygiene products across the globe along with efficient sales promotion techniques is likely to boost the global soap noodles market growth in future.
Asia Pacific was the major revenue pocket in the global soap noodles market in 2018 and will experience growth close to 3% CAGR during the forecast timespan. The presence of major palm oil manufacturing companies in the region such as KLK OLEO, IOI oleochemicals accompanied with the cheap availability of palm derivatives shall further aid in soap noodles market growth during the forecast period. Additionally, the growing retail development in Asia Pacific especially in China and India shall further propel soap bars demand, thus eventually propelling soap noodles market growth over the forecast duration According to Indian Brand Equity Foundation (IBEF), the Indian FMCG market is projected to grow at a CAGR of 27.8 % and is expected to reach US$ 103.7 billion by 2020 from US$ 52.7 billion in 2017-18. This will drive soap noodles demand in the coming years in India and other Asian countries.
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Europe and North America are important regional soap noodles market. The presence of large scale soap manufacturers in these regions along with developed personal care industry shall further fuel the soap noodles market in these regions. Major players manufacturing soap noodles are John Drury & Co Ltd and M Bedforth & Sons, IOI Oleochemicals, KLK Oleo, EVYAP-OLEO, Jocil Limited, Rubia Industries Limited, Timur Oleochemicals Malaysia, Wilmar International, Musim Mas Hodling Pte and Olivia Impex Private Limited.
Soap noodles market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in Kilo Tons and USD million from 2014 to 2025, for the following segments:
Source By Application
- Vegetable oil
- Personal hygiene soap
- Laundry soap
- Multi-purpose soap
- Others
- Tallow
- Personal hygiene soap
- Laundry soap
- Multi-purpose soap
- Others
By Process
- Saponification Route
- Fatty Acid Route
The above information is provided on a regional and country basis for the following:
- North America
- Europe
- APAC
- LATAM
- MEA
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