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APAC soap noodles market to showcase a growth rate of 3% over 2019-2025

Author : Ravi Chawat | Published Date : 2020-09-08 

Soap noodles are generally sodium salt of fatty acids either extracted from animals fats or vegetable oil. Some of the major applications that the ingredient includes toiletries, soaps for laundry, and other multi-purpose products. Soap noodles also vary in color from yellow to white. As per reports, soap noodles market has been undergoing tremendous transformations and upgradations lately, eventually bolstering the expansion of the business space.Vegetable oil source segment in soap noodles industry is anticipated to witness substantial gains in the coming years owing to easy availability of palm oil and palm kernel oil in Asia pacific countries such as Indonesia and Malaysia. Asia Pacific is the largest manufacturer and exporter of palm oil and palm kernel oil around the world.

Vegetable oil source segment in soap noodles industry dominated the global share during 2018 and is projected to record a robust 3% CAGR over 2019-2025.

North America and Latin America bar soap manufacturers majorly rely on tallow to manufacture soap noodles. Europe is one of the leading importers of palm oil from Malaysia.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3366

Mounting demand for toilet soap from the developing countries is likely to drive soap noodles market outlook. Soap noodles are the key raw material source for the production of toilet soaps globally.

Massive utilization of cosmetic and personal care soaps in the emerging economies will positively impact soap noodles industry growth over the forthcoming years. In terms of revenue, soap noodles market size is touted to surpass USD 1.14 billion by 2025.

Shifting consumer preference towards liquid soaps and gels, primarily in Europe and North America may restrain the industry growth. Declining research and development investments in the bar soap portfolio and increasing focus of manufacturers on liquid soap segments will negatively impact soap noodles market.

Speaking in terms of process, saponification route held a major share in 2018 and is forecast exhibit similar growth trends through 2025. When compared with the fatty acid process, saponification process is cheaper and less complex, hence widely preferred across the globe. Moreover, this process is extensively employed for manufacturing premium quality soap noodles, which are, in turn, used in several toilet soap preparations. In 2018, saponification route held more than half of the industry share and is forecast to register a growth rate of more than 3% over the analysis period.

Application-wise, the personal hygiene soap segment held a major share in 2018 and is expected to lead the application landscape over the forthcoming years. Personal hygiene soaps majorly comprise high-grade soap bars that are produced utilizing soap noodles. These soaps consist of a composition of fatty substance (over 70%) and adequate amounts of palm oil and palm kernel oil.

Soap manufacturers have upped their efforts in purchasing the soap noodles and adding the pigments, flagrances, flavor and other components to have a competitive edge in the market. Use of soap noodles as the main ingredient in the production of soap bars is likely to be witnessed in the next few years.

A blend is said to be the 80/20 standard, containing 80% palm oil and 20% palm kernel oil or coconut oil. Besides, soaps with increasing level of diversity are hitting the shelves and will continue to present bullish picture of the soap noodles market.  

Get More News:

https://www.globenewswire.com/news-release/2017/07/03/1037421/0/en/Acetic-Acid-Market-to-surpass-16bn-by-2024-Global-Market-Insights-Inc.html

https://www.openpr.com/news/2045379/urea-market-to-see-positive-impact-from-agriculture-industry

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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