Soap Noodles Market: Global Industry Analysis and Forecast (2024-2030)

Soap Noodles Market Definition:

Tallow (animal fat) or vegetable oil derivatives such as palm oil, olive oil, coconut oil, and palm kernel oil are commonly utilised as raw materials in the making of bar soap noodles. These soap noodles come in a range of combinations and are commonly employed in the production of all types of bar soaps. The ideal grade for creating high-quality personal hygiene soap bars is the standard soap noodles blend of 80:20 palm oil and palm kernel oil.

 

Further, the Soap Noodles market is segmented by Source, Application, and geography. On the basis of Source, the Soap Noodles market is segmented under Vegetable Oils, and Tallow. Based on the Application, the Soap Noodles market is segmented under the channels of Household Use, Special Purpose, and Industrial Use. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

To get more Insights: Request Free Sample Report

 

Soap Noodles Market Dynamics:

Market Drivers: The saponification technology used to make soap noodles is particularly cost-effective. Until the year 2021, this method controlled the soap noodles business. New processes are being developed on a daily basis, and this is becoming a major driving force in the soap noodles sector. Soap noodles are also utilized in industrial cleaning. With each passing day, their popularity grows. In the soap noodles market, herbal and medicated soaps are particularly popular.

 

Market Restraints: The rising usage of soap gels, bathing gels, and dishwashing gels are causing the market for soap noodles to decline. Because the gels are simple to use and have a high detergency level, they have a considerable market share among soap noodles. The rising demand for these gels has a big impact on soap noodles suppliers.

 

Market Opportunities:  Each country has its big essential players, because of the rising demand for soap noodles. Soap noodle makers can take advantage of the plentiful supply of palm and kernel oil. Companies are creating new toilet soaps, cleaning soaps, and bathing soaps by combining different ratios of combinations.

 

Market Challenges: The availability of palm oil is a major factor in the soap noodles business. Palm oil's price is always fluctuating due to its output. It eventually has an impact on the price of soap noodles. The major players are attempting to get and manufacture palm oil at reduced prices in order to reduce the overall cost of soap noodles production. The soap's roughness is also taken into account. The detergency and lather-forming characteristics of soap noodles are all determined by how they were processed.

 

COVID-19 Impact: Over the last few months, almost every market around the globe has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other limitations imposed by governments all over the world. The same may be said for the market for Soap Noodles. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets as the general economic situation of most people has been badly impacted by the outbreak.  Over the forecast period, the aforementioned factors are likely to weigh on the Soap Noodles market's revenue trajectory. The Soap Noodles market is likely to rebound as regional government bodies begin to lift these enforced lockdowns.

 

Recent Development:

 

June 2021: In June 2021, Unilever Plc wants to invest USD 175.44 million in a special economic zone (SEZ) in Sei Mangkei, North Sumatra. The fast-moving consumer goods powerhouse intends to expand its oleochemical production through technological innovation, resulting in more oleochemical products and value-added commodities like soap noodles and surfactants.

 

February 2021: Nimir Industrial Chemicals' board of directors approved two new capital investments, according to the company. A new chlorinated paraffin wax mill with a chlorine liquefaction facility is the first. This will cost over USD 5 million and produce 30 tonnes per day, or 10,000 tonnes annually. The second project is to renovate and modernise the fatty acid and soap noodle factories, resulting in a 15,000-ton-per-year increase in soap noodle capacity.

 

Soap Noodles Market Segment Analysis:

By Source:

 

The two main basic ingredients used in the making of soap noodles are vegetable oil and tallow. The Vegetable Oil segment had the highest market share of 67.30 % in 2023. The main sources are palm oil, palm kernel oil, and coconut oil had the biggest market share. For soap noodle production, developing countries in the Asia Pacific area are heavily reliant on palm oil. The existence of large palm oil-producing countries in the region, such as Indonesia and Malaysia, has made feedstock supply easier, which is a major contributor to the market's growth.

 

 

By Application:

 

The household use category had the largest share of the market in 2023. According to a market analysis of soap noodles, a variety of soaps are developed to fulfill consumer demand. Consumers range from single-family to large-scale chemical companies. Personal hygiene soap, domestic use soaps, laundry and cleaning soap, multi-purpose soap, industrial soaps, and others are some of the end products created by soap noodles manufacturers. Soap noodles with a total fatty matter (TFM) of over 75% are frequently used in the production of high-quality toilet soaps. Growing public awareness of personal cleanliness in developing countries, as well as increased government spending on the burgeoning retail sector, are some of the primary causes driving soap noodles sales.

 

Soap Noodles Market Regional Insights:

The Asia-Pacific region, which includes China, Japan, India, Australia, and South Korea, is a large market for the production of soap noodles. It is due to the fact that soap noodles are often consumed in this region's households. These are also used for industrial use and the production of specialty aromatherapy soaps. The manufacturing process is eco-friendly and uses fewer toxic materials. Soap noodles have a substantial market share in India. The region's main manufacturers are Malaysia and Indonesia. China and India are the region's two most revenue-generating economies. In 2023, China's soap noodles market had a market share of over 28%, and it is expected to increase at a CAGR of over 3.5 % over the forecast period. Furthermore, increasing investment in retail sector development has made consumer products more accessible in recent years, which would enhance the soap noodles market revenue throughout the forecast period.

 

Europe has become a significant market for soap noodles, because of the increased manufacture of soap bars with particular beneficial ingredients. The market is rising due to the region's high level of life and growing health concerns. Furthermore, these reasons have boosted the market in a variety of areas, including domestic usage, special purpose soaps, and industrial use. During the forecast period, rising innovation and technological improvement in soap noodles and other goods are expected to boost growth in countries such as the United Kingdom, Italy, Germany, and France.

 

Soap Noodles Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Soap Noodles market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Soap Noodles market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global Soap Noodles Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Soap Noodles market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Soap Noodles market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Soap Noodles market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Soap Noodles market. The report also analyses if the Global Soap Noodles market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Soap Noodles market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Soap Noodles market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Soap Noodles market is aided by legal factors.

 

Soap Noodles Market Scope:

Soap Noodles Market
Market Size in 2023	USD 1.09 Bn.
Market Size in 2030	USD 1.35 Bn.
CAGR (2024-2030)	3.1%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Source Vegetable Oil Tallow
	by Application Household Use Special Purpose Industrial Use
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Soap Noodles Market Key Players: 

• Olivia Impex Pvt Ltd (India)
• Kerawalla Group (India)
• Excel Rasayan (India)
• IOI Oleochemicals (Malaysia)
• Deeno Group (U.S.)
• Wilmar International Ltd. (Singapore)
• VVF Ltd (India)
• 3F GROUP (India)
• Musim Mas Holdings (India)
• Oleochemicals (USA)
• Jocil Limited (India)
• KLK Oleo (Malaysia)
• Timur Oleochemicals (Malaysia)
• EVYAP-OLEO ( Turkey)
• John Drury & Co Ltd (UK)
• Rubia Industries Limited (Thailand)
• Olivia Impex Private Limited (India)