openPR Logo
Press release

Soap Noodles Market By Analysis of Major Industry Segments, Growth, Share 2024

Soap Noodles Market By Analysis of Major Industry Segments,

The global soap noodles market is immensely fragmented and characterized by the presence of a number of players. Transparency Market Research finds that in 2015, the top 10 companies competing in the soap noodles market accounted for a share of just over 46%, indicating the lack of a clear leader. These companies are Permata Hijau Group, KLK OLEO, 3F INDUSTRIES LTD., Deeno Group, Adimulia Sarimas Indonesia, IOI Oleochemicals, Wilmar International Ltd., John Drury, Musim Mas Holdings, and VVF Limited.

Browse Market Research Report: http://www.transparencymarketresearch.com/soap-noodles-market.html

“Larger companies in developing regions such as Asia Pacific, Latin America, and the Middle East enjoy the majority in the soap noodles market and smaller players pose a minimal threat,” the author of the TMR study observes.

One of the prominent strategies adopted by several players in the soap noodles market is geographical expansion. Acquisitions and collaborations in recent years have also strengthened the positioning of a number of players. Singapore-based Musim Mas Holdings, a leading competitor in the soap noodles market, entered into a collaboration with Genting Plantations Group in March 2015 to set up a palm oil refinery in Malaysia. This move helped the company expand its capacity in the region.

Sales Promotions an Excellent Strategy to Spur Demand for Soaps and Soap Noodles

The demand for soap noodles is indirectly impacted by the aggressive sales promotions and marketing activities by companies. “Sales promotions result in purchase acceleration since consumers tend to buy larger quantities of a product when offered promotional sales and discounts,” states a TMR analyst. The growing sales of soap have therefore led to the rising demand for soap noodles. Unilever and P&G are excellent examples of companies that have successfully managed to boost sales with marketing strategies and promotional activities.

Get TOC Of This Report @ http://www.transparencymarketresearch.com/report-toc/13367

TMR identifies a major opportunity in the growing developing of soap bars with functional features and offerings, such as herbal soaps, moisturizing soaps, aromatherapy soaps, and anti-bacterial soaps. “The demand for such functional soap bars is relatively high in developed countries where the awareness regarding natural products in the personal care market is greater,” the author finds.

Soap Bar Substitutes Threaten Growth of Soap Noodles Market

The threat from substitutes of soap bars has been growing over the years, acting as a major deterrent to the growth of the soap noodles market. “Companies manufacturing body washes, liquid hand washes, and shower gels have sprung in almost every part of the world and changing lifestyles and rising disposable income of the consumers have resulted in the increasing demand for these substitutes,” the analyst states. This is likely to result in a decline in demand for soap noodles.

The only saving grace, TMR observes, is that the substitutes of soap bars are highly priced and this could curb the demand for the same.

Get accurate market forecast and analysis on the Soap Noodles market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13367

TMR Predicts Tepid Rise in Demand for Soap Noodles

By revenue, the global soap noodles market is anticipated to rise from a value of US$2.5 bn in 2015 to reach US$3.2 bn by 2024. The market is projected to expand at a modest CAGR of 2.7% during the forecast period. The demand for soap noodles is poised to rise at a 2.1% CAGR from 2016 to 2024. By type of source, the soap noodles market is led by vegetable oil and this segment is likely to account for a volume share of 60% by 2024. Also emerging as the fastest growing segment during the forecast period, the market for vegetable-oil based soap noodles will rise at a 2.9% CAGR by revenue.

Asia Pacific is the chief contributor in the global soap noodles market by region and is projected to account for nearly half the market by 2024 in terms of volume. Asia Pacific is also projected to emerge as the most rapidly expanding regional market for soap noodles by the end of the forecast period.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Soap Noodles Market By Analysis of Major Industry Segments, Growth, Share 2024 here

News-ID: 714559 • Views: 199

More Releases from Transparency Market Research

Wind Turbine Operations and Maintenance Market Demand and Growth Analysis with F …
Overview TMR’s report on the Wind Turbine Operations and Maintenance Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Wind Turbine Operations and Maintenance Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Wind
Petroleum Coke Market Shares, Strategies and Opportunities 2020
Overview TMR’s report on the Petroleum Coke Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Petroleum Coke Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Petroleum Coke Market over the forecast period.
Bunker Fuel Market Segmentation and Forecast Analysis up to 2020
Overview TMR’s report on the Bunker Fuel Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Bunker Fuel Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Bunker Fuel Market over the forecast period.
Concentrated Solar Power Market Detailed Analysis and Forecast up to 2020
Overview TMR’s report on the Concentrated Solar Power Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Concentrated Solar Power Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Concentrated Solar Power Market over

All 5 Releases


More Releases for Soap

Liquid Bath Soap Market Professional Survey Report
Soap is a salt of fatty acids. They are used for various purposes in our routine activities like bathing, washing, cleaning, and others. Nowadays, consumers look to their soap products not only to deliver skin cleansing but also to deodorize, moisturize and exfoliate their skin. The key drivers for the overall growth of liquid bath soap market are the strong performance of bath soap coupled with the integration of skin
Global Soap Market, 2025
IndexBox has just published a new report "World: Soap - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-soap-market-report-analysis-and-forecast-to-2020/?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before entering • Already work in
Sulphur Soap Market Share 2017 Grisi, SAL3, Sulfur Soap, Braunfels Labs, Dr. Kau …
Sulphur Soap Market Research Report A market study ” Global Sulphur Soap Market ” examines the performance of the Sulphur Soap market Size 2017. It encloses an in-depth Research of the Sulphur Soap market state and the competitive landscape globally. This report analyzes the potential of Sulphur Soap market in the present and the future prospects from various angles in detail. The Global Sulphur Soap Market 2017 report includes Sulphur Soap
Global Sulphur Soap Market 2017 Grisi, SAL3, Sulfur Soap, Braunfels Labs, Dr. Ka …
Sulphur Soap Market Research Report A market study based on the " Sulphur Soap Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Sulphur Soap Market 2017’. The research report analyses the historical as well as present performance of the worldwide Sulphur Soap industry, and makes predictions on the future status of Sulphur Soap market on the basis of this analysis. Ask For Sample
Global Herbal Soap Market Research Report 2017
Qyresearchreports include new market research report "Global Herbal Soap Market Research Report 2017" to its huge collection of research reports. The research report on the global market for Herbal Soap analyzes the most significant aspects of the market, offering valid decisive data including market projections. The compound annual growth rate (CAGR) of the overall market has been estimated to present a clear picture of the scope for expansion. Moreover, the report
United States Soap Box Market Report 2017
Qyresearchreports include new market research report "United States Soap Box Market Report 2017" to its huge collection of research reports. In this report, the United States Soap Box market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The