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Soap Noodles Market in Asia Pacific Share Is Anticipated to Register A CAGR of 3% Over 2019-2025

Author : Ronak Bora | Published Date : 2019-08-05 

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.

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.

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Augmented preference of bar soaps in the U.K. essentially highlights the dynamics of the personal hygiene segment, indicating the competitive scenario influencing soap noodles market share.

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.

  • How environmental factors are influencing the laundry soap segment:

Laundry soap and detergents have been an integral part of homes since a very long time indeed. The proliferation of these products is proved by the fact that the laundry soap segment had been touted as the second largest application segment of global soap noodles market, with a share of 30% in the industry.

Toxicities of the chemical ingredients that usually go into laundry detergent manufacturing has raised several environmental concerns across the world. A study discovered that if all households across the U.S. soap noodles market replaced just one of their petroleum-based laundry detergent bottles with a natural plant-based product, it could save the country more than 149,000 barrels of oil.

Prompted by these developments, several industry players have begun manufacturing eco-friendly laundry soaps, seeking to attract the consumer-base that is looking to decouple itself from chemical based detergents. This has created added opportunities for the demand of natural ingredients such as vegetable oils and tallow fatty acids, offering lucrative growth opportunities to tallow fatty acids market and other sectors.

This trend is also projected to further intensify as environmental debates keep taking the centerstage, expanding the soap noodles market size through increasing consumption of natural ingredient-based laundry soaps.

Browse key industry insights spread across 143 pages with 214 market data tables & 22 figures & charts from the report, “Soap Noodles Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/soap-noodles-market

 

Glimpse of Table of Content (ToC)

Chapter 3. Soap Noodles Market Insights

3.1. Soap noodles market segmentation

3.2. Soap noodles market size and forecast, 2014 - 2025

3.3. Industry ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition

3.3.3. Distribution channel analysis

3.3.4. Vendor matrix

3.3.4.1. List of key raw materials manufacturers/suppliers

3.3.4.2. List of key manufacturers/distributors

3.3.4.3. List of existing and potential buyers

3.4. Innovation & sustainability

3.4.1. Patent analysis

3.4.2. Future trends

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Growing demand for bar soap from the Asia Pacific region

3.5.1.2. Increasing spending in personal care products across the globe

3.5.2. Industry pitfalls & challenges

3.5.2.1. Shifting preference towards liquid soaps and gels

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. China

3.6.3. Europe

3.7. Growth potential analysis

3.8. Regional price trends

3.8.1. Cost structure analysis

3.8.1.1. R&D cost

3.8.1.2. Manufacturing & equipment cost

3.8.1.3. Raw material cost

3.8.1.4. Distribution cost

3.8.1.5. Operating cost

3.8.1.6. Miscellaneous cost

3.8.2. Price by source

3.8.3. Price by application

3.9. Competitive landscape, 2018

3.9.1. Company market share analysis, 2018

3.9.2. Brand analysis

3.9.3. Key stakeholders

3.9.4. Strategic dashboard

3.10. Porter’s analysis

3.10.1. Supplier application

3.10.2. Buyer application

3.10.3. Threat of new entrants

3.10.4. Threat of substitutes

3.10.5. Industry rivalry

3.11. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/soap-noodles-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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