Soap Noodles Market Research Report: by Source (Vegetable Oil, Tallow), by Application (Household Use, Special Purpose Soaps, Industrial Use), and Region - Forecast till 2030

Soap Noodles Market Overview:

Soap Noodles Market is slated to reach USD 1,217.0 Million by 2027 registering a CAGR of 3.0% from 2020-2027. Soap noodles are formed by amalgamating different oils obtained from both animal fats and vegetables. They are sodium salts of fatty compounds and are formed by the technique of saponification. Soap noodles’ chemical composition includes the mixing of palm oil and coconut oil in the ratio of 80:20. Other blending ratios can be 70:30, 60:40, or 90:10. The soap noodles manufacturing process begins with the saponification of fatty or oil compounds. It then forms a non-combative mixture of fatty acids that are further processed with fatty methyl esters. A good soap noodle forms the right amount of lather, does not erode easily, is less harsh, and has good cleaning properties.

Competitive Landscape

The list of major global soap noodles market key players involved in data analysis of the soap noodles market is as follows:

• 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


• Jocil Limited


• KLK Oleo


• Timur Oleochemicals Malaysia


• EVYAP-OLEO


• John Drury & Co Ltd


• M Bedforth & Sons


• Rubia Industries Limited


• Olivia Impex Private Limited.

The above-listed companies come together in joint ventures, mergers and, acquisitions to launch new devices and products. Their main objective is to deliver cost-effective goods, adds quality to the standard of living of the people, and have effective cleaning results. With advanced technologies, the key players are focusing on developing specialized soap noodles to meet the specific needs of their consumers.

 Covid19 Analysis

People across the globe are suffering from the covid19. It has adversely affected the functioning of all the industries, except for the pharmaceutical industry. Soap industry statistics reveal that the business houses were halted owing to the complete lockdown situation across the globe. The manufacturing was stopped for a certain period. Although, it was observed that there was a sudden increase in demand for cleaning soaps and detergents.

Washing of hands and other goods that were brought home from outside was washed off more often than usual. It increased in demand for medicated soaps. It, thus, increased the soap noodles market share.

Market Dynamics

Drivers

The technique of saponification used in developing soap noodles is very cost-effective. This process has dominated the soap noodles market till the year 2018. New processes are being evolved daily that becomes the major driving factor for the soap noodles industry. Soap noodles are used in industrial washes as well. Their demand is increasing with every passing day. Herbal and medicated soaps are very popular in soap noodles market analysis.

Opportunities

Every nation has its major key players owing to the increasing demand for soap noodles. The plentiful availability of palm and kernel oil acts as an opportunity for soap noodles manufacturers. By using different ratios of combinations new toilet soaps, cleaning soaps, as well as, bathing soaps are being manufactured by the companies.

Restraints

The increased use of soap gels, bathing gels, dishwashing gels is leaving the soap noodles market trends dropping. As the gels are easy to use and have a high detergency level, they have captured a large soap noodles market share. Soap noodles suppliers are largely affected by the increasing demands for these gels.

Value Chain Analysis

The soap noodles market is largely run on the availability of palm oil. The price of palm oil keeps on fluctuating due to its production. It eventually affects the soap noodles price. The key players are trying to procure and manufacture palm oil at lower prices so that the ultimate price of production of soap noodles can be lowered. The harshness of the soap is also taken care of. The detergency and lather forming qualities are all dependent upon how the soap noodles were processed.

The Global Soap Noodles market share by application

Source: MRFR analysis

Market Segmentation

The global soap noodles market can be divided into various segments. These are: based on source, based on processes, and based on application.

Based on source

Vegetable oil and Tallow are the two major raw materials used in the production of soap noodles. Palm oil, palm kernel oil, and coconut oil are the primary sources used in Southeast Asia. It has dominated the market until the year 2018. Production from tallow or animal fat is currently being used by China and Japan. Tallow is present at a cheaper rate than palm oils.

Based on process

The most commonly used method for manufacturing soap noodles is Saponification Route and Fatty Acid Route. More than 70% of manufacturers of soap noodles commonly invest in the saponification route. The fatty acid route is a bit complex and less cost-effective.

Based on application

Soap noodle market analysis shows that several kinds of soaps are being produced to meet the demand of the consumers. The consumers vary from the local household to a large-scale chemical industry. Some of the end products manufactured by soap noodles manufacturer are as follows: Personal hygiene soap, household use soaps, Laundry and cleaning soap, Multi-purpose soap, Industrial soaps, and others.

Regional Analysis

Soap noodles market size is increasing with every passing day. It is leaving its impression in every corner of the world. The regions where they are operating include America, Europe, Asia-pacific, and the rest of the world.

Asia-Pacific region, which includes China, Japan, India, Australia, and South Korea, is a huge market for the production of soap noodles. It owns to the fact that soap noodles are consumed largely in every household of this region. These are also manufactured for industrial use as well as for producing special-purpose aromatherapy soaps. The process of production used is eco-friendly and is done with the help of less hazardous products.  Soap noodles market share in India is very large. Malaysia and Indonesia are the biggest manufacturers in this region.

America, which includes the area of North America (the US and Canada) and Latin America, is growing its market share of the soap noodles industry. This is because of the increase in industries and industrial requirements for soap noodles. It is expected to grow double folds throughout the forecasted period.

The European region which includes Germany, UK, France, Russia, and Italy, is rapidly increasing because of the rise in the standard of living of people. Adapting to healthy and clean living has propelled the soap noodles market.

The rest of the world, which includes regions of the Middle East and Africa, is showing constant but slow growth. It will grow because of the demand for herbal and scented products, moisturizing soaps, and others.

Recent Developments

• June 2021: Unilever Plc plans to invest USD 175.44 million in a special economic zone (SEZ) in Sei Mangkei, North Sumatra, in June 2021. Through technical innovation, the fast-moving consumer goods behemoth wants to expand its oleochemical factory, resulting in the increase of oleochemical products and items with added value, such as soap noodles and surfactants.


• February 2021: Nimir Industrial Chemicals announced in February 2021 that its board of directors had approved two fresh capital investments. The first is a new chlorinated paraffin wax mill with a chlorine liquefaction facility. This will cost more than USD 5 million and produce 30 tons per day, or 10,000 tons per year. The second project is to renovate and modernize the fatty acid and soap noodle factories, which will enhance soap noodle capacity by 15,000 tons per year.


• February 2019: Syndopal, a "groundbreaking new soap noodle" from Stephenson, a UK-based global specialized ingredients manufacturer, was launched. It is extremely mild and fits into trends around balanced pH and soap-free formulation. With the production of this new product, the company claims that more than five years of research and development have resulted in a global first in the syndets market. The product is a soap-free, ph 5.5-6.5 base noodle that forms an ultra-mild syndet bar. The product ensures outstanding washing to generate high quality syndet or combi-bars that gently remove grime, oil, and make-up without damaging the skin's natural barrier. Other major benefits for consumers include its suited for sensitive skin, non-irritant, non-drying, paraben free, and peg-free.


• Hindustan Unilever is outsourcing soap noodles, which are made from the tallow from Indonesia, for the production of their white soaps. These are high-quality soaps that are demanded worldwide.


• In October of the year 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.


• Evyap-oleo has set up a huge soap noodle manufacturing hub in Pasir Gudang, Malaysia. Here the soap noodles are manufactured from the fatty acid route. They are minimizing the usage of animal fat and vegetable oils. This new venture gave them a business of around USD 200 million.


• The market of soap noodles manufactured from the fatty acid routes is continuously expanding in the geographic areas of Japan, Europe, and United States.


• Wilmar, KLK, Musim Mas, and others are switching from vegetable oil production to fatty acids. This is because of the fluctuating price of palm oil.

Report Overview

This market research report of soap noodles market includes the following elements:

• Market Overview


• COVID19 Analysis


• Market Dynamics


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

Soap noodles are formed by amalgamating different oils obtained from both animal fats and vegetables. They are sodium salts of fatty compounds and are formed by the technique of saponification. The plentiful availability of palm and kernel oil acts as an opportunity for soap noodles manufacturers. The most commonly used method for manufacturing soap noodles is Saponification Route and Fatty Acid Route. The key players are trying to procure and manufacture palm oil at lower prices so that the ultimate price of production of soap noodles can be lowered.