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Soap Noodles Market Size

  • Report ID: GMI3366
  • Published Date: Oct 2024
  • Report Format: PDF

Soap Noodles Market Size

The global soap noodles market was valued at around USD 1.1 billion in 2023 and expected to register a CAGR of over 3.1% between 2024 and 2032. Vegetable oil is widely used in the soap noodles industry due to its natural properties, which offer better moisturizing effects and mildness compared to animal fats.

 

Oils like palm, coconut, and olive oil contain essential fatty acids that improve the lathering and cleansing properties of soap. Additionally, vegetable oil-based soap noodles are more eco-friendly and biodegradable, aligning with the growing consumer demand for sustainable personal care products.
 

In recent years, the trend toward plant-based ingredients in soaps has been accelerating as consumers become more health-conscious and environmentally aware. Manufacturers are shifting towards vegetable oil-based soap noodles to cater to this demand, reducing reliance on synthetic or animal-derived materials. This transition is not only enhancing product formulations but is also driving innovation and competitiveness in the market.
 

In 2023-24, global consumption of sunflower seed oil was projected to surpass 20.27 million metric tons, reflecting its increasing demand in various industries. This rise is partly attributed to its use in personal care products, including soap noodles. Sunflower seed oil's rich content of linoleic acid and Vitamin E makes it an ideal ingredient for producing soap noodles that offer superior moisturizing and skin-nourishing properties. As consumers seek more natural, plant-based ingredients, the growing usage of sunflower seed oil is playing a key role in shaping the soap noodles industry, further boosting its adoption in sustainable and eco-friendly formulations.
 

The high cost of premium raw materials, such as organic oils and specialty additives, is a significant restraint in the market. These materials are often more expensive than conventional alternatives, driving up production costs for manufacturers. As demand for natural and eco-friendly products increases, companies face pressure to balance quality with affordability. The reliance on high-quality ingredients like olive oil, coconut oil, or shea butter further intensifies pricing challenges, especially in regions with fluctuating supply chains. This price sensitivity can limit market growth, particularly for small- and medium-sized manufacturers, making it a key restraint in the soap noodles industry.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for soap noodles was valued at approximately USD 1.1 billion in 2023 and is expected to reach around USD 1.4 billion by 2032, growing at a CAGR of over 3.1% from 2024 to 2032, driven by the increasing demand for natural and eco-friendly ingredients.

Vegetable oil held a dominant market value of USD 600 million in 2023 and is projected to reach USD 700 million by 2032 due to its superior moisturizing properties, biodegradability, and gentleness on the skin.

Europe market generated a revenue of USD 200 million in 2023 and dominates the market due to strong demand for high-quality personal care products and a significant focus on sustainability.

Major players in the industry include EVYAP-OLEO, Ioi Oleochemicals, Jocil Limited, John Drury & Co Ltd and M Bedforth & Sons, KLK Oleo, Musim Mas Hodling Pte, Olivia Impex Private Limited, Rubia Industries Limited, Timur Oleochemicals Malaysia, and Wilmar International.

Soap Noodles Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 532
  • Countries covered: 21
  • Pages: 300
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