Soap Noodles Market Size

Soap Noodles Market Size

Soap Noodles Market size valued at USD 920 million in 2018 and will witness around 3% CAGR from 2019 to 2025. Growing liquid soap and gels penetration across the globe is anticipated to be a major downside to the business growth.

Soap noodles are either tallow (animal fat) or vegetable oil derivatives such as palm oil, olive oil, coconut oil, and palm kernel oil, that are extensively used as a raw material bar soap production. These soap noodles are found in various combinations in the market and are widely employed for manufacturing of all kinds of bar soaps. The typical blend of 80:20 palm oil and palm kernel oil soap noodles are considered to be optimal grade for the manufacturing of high-quality personal hygiene soap bars.

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Soap noodles are manufactured using two processes namely saponification and fatty acid route. The saponification process has been the most used manufacturing technique in 2018 and is expected to exhibit the soap noodles market trend throughout the assessment period. Saponification technique is less expensive as compared to the fatty acid process and is widely accepted in the developing economies across the globe.

Vegetable oil segment was the largest segment in 2018 and is anticipated to continue leading throughout the given period due to its ability to provide lather. Asia Pacific is highly dependent on vegetable oil for soap noodle production whereas, North American and Latin American region uses tallow for the manufacturing of soap noodles.

According to Malaysia Palm Oil Board (MPOB), Malaysia’s palm oil plantation area reached 5.85 million hectares in 2018 which showed an increase of 0.7% since the previous year. Moreover, the MPOB also states that Malaysian export of oil palm products in 2018 accounted for over 24 million tons that showed a 3.8% rise from the previous year. Thus, dynamics shall subsequently boost the soap noodles market share as Malaysia is one of the major suppliers of soap noodle feedstock.

Soap noodles are used in soap bar production. Therefore, growing demand for liquid soaps can negatively affect the soap noodles market demand during the assessment period. Moreover, with the increasing shift in preference towards liquid gels the major manufacturers are seen to reduce the R&D expenditure for the innovation of soap bars and concentrating more on liquid soaps and gels. This restraint can only be seen in the developed countries in the recent times

However, comparatively high cost associated with liquid soaps and gels, makes bar soaps a cost-efficient option amongst major consumer base of middle-class population in Asia Pacific and other developing regions