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Soap Noodles Market Size, Growth, Revenue Share, Drivers & Trends Analysis, 2027

Market Size – USD 920.1 Million in 2018, Market Growth - CAGR of 3.1%, Market Trends – The increasing demand for special purpose soaps.

The Global Soap noodles market is forecast to reach USD 1,218.3 Million by 2027, according to a new report by Reports and Data. Soap noodles can be defined as fatty acid’s sodium salt, which are derived from oils and fats of vegetable and animals. These fatty acids are usually made from vegetable oils like palm oils, olive oil, coconut oils, and animal fats. It is specified with the help of sodium hydroxide, which helps in forming salt of the fatty acids. These are the main component used in the manufacturing of soap bars. It is used in various types of soaps like toilet soap, multipurpose products, and laundry soaps.

The rising awareness about the importance of hygiene and expansion of various industries like the textile industry & hospitality sector are some of the mentionable factors supporting the growth of the market. Demand for vegan soaps is also a mentionable factor, which is positively impacting the growth of the market. Another market trend, which is having a positive impact on the market is the increasing popularity of handmade soaps. The availability of these fatty acids in various online stores are also propelling the market growth.

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The key players dominating the industry are thoroughly assessed in the report along with their market and geographical reach and their production and manufacturing capacities. The report also offers key insights into the intense competitive scenario and offers strategic recommendations to established companies and new entrants to help them overcome barriers. It also focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and product launches and brand promotions among others.

Key participants include KLK Oleo, IOI Oleochemicals, Jocil Limited, Wilmar International, Olivia Impex Private Limited, Evyap-Oleo, John Drury & Co Ltd, and M Bedforth & Sons, Raj Industries, Timur oleochemicals Malaysia and Godrej.

Further key findings from the report suggest

  • The Soap noodles market held a market share of USD 1 Million in the year 2018 and is forecasted to grow at a rate of 3.1% during the forecast period.
  • In context to Source, the Vegetable Oil segment generated a higher revenue of USD 588.9 Million in 2018, with a CAGR 4.0% during the forecast period. Benefits associated with the use of this source in manufacturing of high quality white or cleaner soaps, with consistent composition, results in its elevated preference among the end-users, which contribute to revenue generated by this segment.
  • In context to Process, the Saponification production process segment is projected to witness a faster growth rate of 3.5% during the forecast period, which generated a revenue of USD 544.7 Million in 2018. The growth rate witnessed by the Saponification production process segment is attributed to its inexpensive nature and operational ease, which is resulting in its elevated use in developing region, which in turn, is resulting in the growing popularity among the manufacturers.
  • In context to Application, the Personal hygiene soap segment held the largest market share of 41.0% in 2018, with a CAGR of 3.3% during the forecast period. The market share occupied by this segment is the result of rising awareness about hygiene and associated elevated use of soaps for personal hygiene that results in the elevated demand for the fatty acids in this segment.

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For the purpose of this report, Reports and Data have segmented the global Soap noodles market according to Source, Process, End-user, Application, and Region:

Source Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

  • Vegetable Oil
  • Tallow

Process Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

  • Saponification production process
  • Fatty acid route

End-User Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

  • Household use
  • Industrial use
  • Other

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

  • Personal hygiene soap
  • Multi-purpose soap
  • Laundry soap
  • Special purpose soap
  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

  • North America
    • U.S
  • Europe
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

Browse full report here @ https://www.reportsanddata.com/report-detail/soap-noodles-market

Objective of Studies:

  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Soap Noodles market.
  • To provide insights about factors affecting the market growth. To analyze the Soap Noodles market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
  • To provide country level analysis of the market with respect to the current market size and future prospective.
  • To provide country level analysis of the market for segment by application, product type and sub-segments.
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Soap Noodles market.

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

 


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