Soap Noodles Market (Source - Vegetable Oil, Tallow) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 11/14/2016 -- A new research report added on Market Research Reports Search Engine (MRRSE) offers a detailed analysis of the soap noodles market across the globe. The 135-page research study, titled "Soap Noodles Market (Source - Vegetable Oil, Tallow) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024," provides a thorough understanding of the market, emphasizing on the latest trends and opportunities. In addition, it sheds light on the product segmentation and key geographical segments of the soap noodles market. An in-depth vendor analysis has also been provided in the research study along with a list of the leading players operating in the global soap noodles market.
As per the market intelligence report, in 2015, the global soap noodles market was worth US$2.5 bn. The market is estimated to register a 2.70% CAGR between 2016 and 2024, reaching a value of US$3.2 bn by the end of 2024. Furthermore, the demand for soap noodles is expected to exhibit a 2.10% CAGR between 2016 and 2024.
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Key players in the global soap noodles market are making remarkable efforts to increase their presence across the globe by focusing on marketing and promotion activities. This is one of the primary factors expected to fuel the growth of the market in the near future. In addition, the growing awareness regarding a healthy and hygienic lifestyle and improved living standards are boosting the demand for soap noodles worldwide. On the flip side, the growing demand for body wash, hand liquid soaps, and shower gels is projected to restrict the growth of the global soap noodles market throughout the forecast period.
On the basis of source, the global soap noodles market has been classified into tallow and vegetable oil. In 2015, the vegetable oil segment led the global market and is expected to remain in the lead position throughout the forecast period. The tremendous rise in the consumer preference concerning the use of vegetable-based materials and the easy and vast supply of palm oil are some of the primary factors augmenting the growth of this segment. On the other hand, the tallow-based soap noodles segment is expected to offer promising opportunities for key players in the coming years.
From a geographical viewpoint, in 2015, Asia Pacific led the global soap noodles market, thanks to the growing awareness regarding cleanliness and the rise in population. This region is expected to register a robust growth rate throughout the forecast period with significant contribution from India, Japan, and China. Additionally, the growing demand for soap noodles from the personal care and healthcare industries is projected to accelerate the growth of the soap noodles market in Asia Pacific. Europe and North America are anticipated to witness substantial growth in the next few years.
Browse Full Global Soap Noodles Market Report with TOC:http://www.mrrse.com/soap-noodles-market
The global soap noodles market is extremely competitive and fragmented in nature. 3F INDUSTRIES LTD., Musim Mas Holdings, Deeno Group, Permata Hijau Group, Wilmar International Ltd., John Drury, VVF Limited, Adimulia Sarimas Indonesia, IOI Oleochemicals, and KLK OLEO are some of the leading players operating in the global soap noodles market.
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