Soap Noodles Market to grow at 3% CAGR from 2019 to 2025 - PowerPoint PPT Presentation

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Soap Noodles Market to grow at 3% CAGR from 2019 to 2025

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More Information @ The soap noodles market will be driven by rapidly growing personal care industry. Soap noodles are widely used to produce toilet soap. Growing demand for personal hygiene and cosmetic products mainly from the developing region is projected to substantially contribute to the global market size. – PowerPoint PPT presentation

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Title: Soap Noodles Market to grow at 3% CAGR from 2019 to 2025


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Soap Noodles Market to surpass 1bn by 2025
Global Market Insights Inc.
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Industry Overview
  • Soap Noodles Market to reach USD 1.14 billion by
    2025 driven by growing demand for bar soap from
    the Asia Pacific region. The soap noodles market
    will be driven by rapidly growing personal care
    industry. Soap noodles are widely used to produce
    toilet soap. Growing demand for personal hygiene
    and cosmetic products mainly from the developing
    region is projected to substantially contribute
    to the global market size.
  • Personal hygiene soap lead the application
    segment in 2018 and shall continue leading by
    2025. The personal hygiene soaps constitutes the
    premium quality soap produced using soap noodles.
    These soaps contains high amount of palm and palm
    kernel oil and a high level of fatty matter
    composition. The growing demand for beauty and
    personal hygiene products across the globe along
    with the prevalence of excellent sales promotion
    schemes is anticipated to substantially
    contribute to soap noodles market growth during
    the forecast period. Laundry soap was the second
    largest segment in 2018 and was followed by the
    multi-purpose soap segment. Laundry soap held a
    market share of over 30 in 2018.

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  • Growing shift towards the use of liquid soaps and
    gels mainly in the developed regions is projected
    to be the major market restraining factor in the
    coming years. The proficient soap manufacturers
    are seen to reduce innovation cost in their bar
    soap product segments and shifting their reliance
    into the liquid soap segments. This change in
    research and development expenditure is
    anticipated to be a major restraint of market
    growth.
  • In terms of source, vegetable oil held the
    largest market share in the overall soap noodles
    market in 2018 and forecast to grow with a
    highest CAGR more than 3 during the assessment
    period. This can be attributed to the easy
    availability of palm and palm kernel in Malaysia
    and Indonesia. Thus, Asia Pacific is the largest
    producer and exporter of palm oil across the
    globe. Latin American and North American bar soap
    producers mainly depends on tallow to produce
    soap noodles.

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Browse Full Market Research Report Of Soap
Noodles Market _at_ https//bit.ly/2EVFjRd
Request for a Sample of this Research
report _at_ https//bit.ly/2XDnPjI
5
U.S. soap noodles market size, by source, 2014 -
2025 (USD Million)

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Industry Coverage

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  • Asia Pacific soap noodles market is projected
    grow with a highest CAGR during the forecast
    timespan. China held the largest market share in
    2018 and shall witness gains over 3.5 CAGR.
    Increasing consumer disposable, improved living
    standards in the region coupled with easy raw
    materials availability are major factors
    positively affecting the growth of the market.
  • Europe and North America are other prominent
    regions contributing to the soap noodles market
    size during the forecast period. The presence of
    major soap manufacturers coupled with growing
    demand for premium soaps in these regions
    accompanied with significant consumer demand for
    luxury soap brands such as Tom Ford, Czech
    Speake, Hermes, Miss Dior, etc will contribute in
    market demand. Moreover, Europe is one the
    largest importers of palm oil from Malaysia which
    in turn is used for the production of soap and
    biofuel. Germany, the UK, Italy and France are
    the major revenue generating countries in the
    European region.
  • Soap noodles market is consolidated with the
    presence of many large and small-scale
    manufacturers. Some prominent players operating
    in the industry are Wilmar International, IOI
    Oleochemicals, KLK Oleo, Jocil Limited,
    EVYAP-OLEO, Timur Oleochemicals Malaysia, John
    Drury Co Ltd and M Bedforth Sons, Musim Mas
    Hodling Pte, Olivia Impex Private Limited and
    Rubia Industries Limited.

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