Global Soap Noodles Market is valued approximately at USD 0.97 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2021-2027. Soap noodles are animal fat or vegetable oil derivative such as palm oil, olive oil, coconut oil and palm kernel oil that are extensively used as a raw material bar soap production. Soap noodles are used in producing soap bars and thus, increasing demand from soap industry is fueling the market growth. Growing demand from end-use industries is expected to drive the market. Growing demand for liquid soaps is affecting the demand of the product and thus restraining the market growth. The abundance in the availability of palm and kernel oil acts as an opportunity for the market. Continuous research and development by using different ratio of combinations, new toilets soaps as well as bathing soaps are being manufactured by the companies. For instance: - In 2017, Kuala Lumpur Kepong Bhd (KLK) plowed a huge lump of money into the Research & Development of fatty methyl esters plant. This will eventually bring to light some more efficient methods of production.
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of global Soap Noodles market. Asia Pacific is the largest market for the production of soap noodles. Regions such as China, India, Australia and South Korea manufacture these soap noodles for industrial use as well as for producing special purpose aromatherapy soaps. North America is the fastest growing region because of the growing industries and industrial requirements for soap noodles. -
Major market player included in this report are
Olivia Impex Pvt Ltd
Wilmar International Ltd.
Musim Mas Holdings
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Fatty Acid Route
Personal Hygiene Soap
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Soap Noodles Marketl in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers