The global soap noodles market has been foreseen to
witness a competition that hinges on supply consistency and price of
products, according to Transparency Market Research (TMR). Players
capable of operating in an environment of vast volume supply and
holding a top-of-the-line cost structure could fancy more chances of
survival in the global soap noodles market. When the growth in demand
lowers the rate of capacity addition, even large players could feel
the negative impact of profitability loss in the global soap noodles
market. Small companies have been prognosticated to pose some threat
in the global soap noodles market, provided they manufacture at
cheaper costs and accomplish economies of scale.
Browse Market Research Report @
As per a statistical analysis by TMR, the world soap
noodles market could attain a CAGR of 2.7% during the forecast period
2016–2024. In 2016, the world soap noodles market had pulled in a
revenue of US$2.64 bn. However, by 2024, the revenue earnings of the
world soap noodles market could reach a US$3.28 bn. According to
source type, vegetable oil has been envisioned to rake in an
overriding share of US$1.99 bn in the world soap noodles market by
the concluding forecast year. Geographically, Asia Pacific could be a
leading shareholder in the world soap noodles market by the same year
with a 49.2% share under its name.
Snowballing Awareness about Cleanliness and
Increasing Living Standards Fatten Demand
The international soap noodles market has been
envisaged to register a handsome demand as less developed countries
of Asia Pacific become increasingly aware about hygiene and high
standards of living. The application of soap noodles in soap bars
further redeveloped into medicated, translucent, laundry, and toilet
soaps could help the international soap noodles market augment its
growth. Certain regulations of the European Parliament and Council
handicap the usage of substitutes such as nonylphenol polyoxyethylene
ether (NPE) during soap and detergent formulation. This has been
predicted to be a great advantage for the international soap noodles
market.
The demand in the global soap noodles market could be
expansively driven by hot sales and promotions as consumers are
researched to be influenced by stock piling and purchase acceleration
effects. As a result, such consumers have been foretold to purchase
additional quantities of soap products during promotional activities,
leading to an increased growth in the global soap noodles market.
High Demand for Alternatives Drives Nail into
Coffin of Global Market Growth
Projected to spread its presence globally at an 11.6%
CAGR during the forecast period, the hand sanitizer market could pose
a threat to the world soap noodles market. The growing popularity of
other substitutes such as shower gels, body wash, and liquid hand
wash in developed regions on account of changing lifestyles and
consumer preference has also been anticipated to impede the growth of
the world soap noodles market.
Fill the form for an exclusive sample of this
report @
Howbeit, despite the rise of substitutes, the global
soap noodles market could be advantaged with the introduction of
moisturizing, anti-bacterial, aromatherapy, herbal, and other
functional soap bars. Moreover, soap manufacturers pampered with a
secure supply source of raw materials have been expected to in turn
boost the global soap noodles market growth. This could be due to the
rise of toll manufacturing because of the inflating consolidation of
soap manufacturers.
The information presented in this review is based on
a Transparency Market Research report, titled, “Soap Noodles Market
(Source - Vegetable Oil and Tallow) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024.”
The global soap noodles market has been segmented
as presented below:
Global Soap Noodles Market - Source Analysis
- Vegetable Oil
- Tallow
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
No comments:
Post a Comment