MARKET OVERVIEW- EUROPE SOAP NOODLES MARKET
Soap noodles are derived from animal fats or vegetable oils. It is made by neutralizing fatty acids, saponifying methyl esters, and neutralizing neutral fats and oils. The reaction of sodium hydroxide with palm-based fatty acids/tallow results in the production of a soap noodle product. A typical blend ratio would be 80:20 of palm oil, palm kernel oil, or coconut oil. There are other ratios like 70:30, 90:10, and 60:40 that are also available on the market. Soap noodles are ideal for industrial use due to the proper balance of lather, rate of cleaning ability, and hardness. Along with additives like pigments and distinctive fragrances, it is primarily used as a base material in the production of household and toilet soap. Typically, they are made by a sodium hydroxide reaction with vegetable oil-based fatty acids or tallow-based fatty acids. Soap noodles offer a biocompatible nature, consistent composition, exceptional detergency, ease of application, and exceptional quality. These are the factors that are anticipated to drive market growth over the estimated time period.
MARKET DRIVERS
Primary factors responsible for the growth of the European soap noodles market include the continuous expansion of various end-user industries, such as the healthcare sector and the hospitality industry, and the growing awareness of the significance of maintaining proper hygiene. In addition, increasing demand for handmade soaps also contributes to market growth over the forecast period. Furthermore, rising populations, changing living standards, and an increasing number of health-conscious consumers are also projected to contribute to Europe's soap noodle growth over the foreseen period.
MARKET OPPORTUNITY
The market is expected to have new opportunities with technological advancements and ongoing R&D activities to develop quality soap noodle products. This is expected to provide ample new growth opportunities in the market during the foreseen period. Due to the increasing demand for soap noodles in the soap industry, the European soap noodles market is anticipated to expand market opportunities over the forecast period. In the application industries, the product is used as a base material for the production of household and toilet soaps, where signature fragrance, pigments, and other additives are added. The regulatory bodies' supporting policies, such as the Renewable Energy Directive (RED) and the European Union Common Agricultural Policy (CAP), are also heavily promoting the use of vegetable oil in a wide range of industries. Increasing the use of vegetable oils ultimately increases soap noodle production. These are the factors that will provide market growth opportunities in the future.
MARKET RESTRAINTS
Though various supporting market factors are propelling the growth of the market, adverse market factors like the rising popularity of liquid soaps and gels may impede its expansion. Leading soap manufacturers are shifting their focus away from the bar soap portfolio and concentrating on lucrative liquid soap segments. These are the factors that are expected to restrain the market expansion in future.
MARKET GROWTH CHALLENGES
A key challenge that may affect the growth of the market is the availability of raw materials. The limited availability in raw materials may cause the manufacturers to face losses, leading to a production delay. The increasing demand for these gels has a big impact on soap noodles market growth over the forecast period. In addition, improvements in the active ingredients (both effectiveness and economics) without adverse effects on the production line are one of the challenges for market expansion. Additionally, the utilization of artificial or synthetic ingredients in different applications resulting in health hazards and the absence of consistency in guidelines are projected to pose a major challenge to the growth of the Europe soap noodles market over the forecast period.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of Europe soap noodles market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. A rise in demand for soap noodles in various applications is anticipated to stimulate the growth of the market and due to this factor, the market is expected to witness growth at a specific CAGR from 2023-2029.
EUROPE SOAP NOODLES MARKET SEGMENTAL OVERVIEW
The Europe soap noodles market comprises of different market segments like, source, process, application and Country.
EUROPE SOAP NOODLES MARKET BY SOURCE
By source, the Europe soap noodles market includes key segments like
On the basis of source, the Europe soap noodles market divided onto vegetable oil and tallow. The vegetable oil segment dominates the soap noodles market growth during the forecast period. This is due to its easy availability, biodegradability, and environmentally friendly nature. Vegetable oil is a triglyceride extracted from a plant. They include palm oil, soybean oil, and linseed oil and are used in the production of liquid soaps, toilet soaps, personal hygiene products, laundry detergents, and multipurpose soap applications. The tallow segment is expected to witness high growth over the projected time period. The growth of the segment is due to the abundant availability of tallow at a low cost.
EUROPE SOAP NOODLES MARKET BY PROCESS
By process, the Europe soap noodles market includes key segments like
- Saponification Production Process
- Fatty Acid Route
Saponification process accounts for a large share and dominates the process segment in the Europe soap noodles market. The growth of this segment is due to its lower complexity and cost effectiveness. Saponification is the process of making soap from alkali and fat. Additionally, its widespread use due to its low cost and ease of use contributes to the market's expansion over the anticipated time frame.
EUROPE SOAP NOODLES MARKET BY APPLICATION
The Europe soap noodles market finds major application in
- Personal Hygiene Soap
- Multi-Purpose Soap
- Laundry Soap
- Special Purpose Soap
- Others
On the basis of applications, the Europe soap noodles market finds major applications in personal hygiene soap, multi-purpose soap, laundry soap, special purpose soap, and others. The personal hygiene soap segment accounted for high demand and dominated the market during the forecast period. The rising awareness of health benefits, mainly in rural areas, will boost demand for personal hygiene soaps in Europe. The laundry segment also expected a significant growth rate over the projected period due to the large population and increasing use of household products.
EUROPE SOAP NOODLES MARKET BY COUNTRY
The Europe soap noodles market is studied for the following countries
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Geographically, the Europe soap noodles market is studied in UK, Germany, France, Spain, Italy, Rest of Europe. The European market projected the highest growth rate due to a superior standard of living and rising health concerns in the region. In addition, an increase in development due to rising innovation and technological advancement in soap noodles and other products is predicted to boost the development of nations such as Italy, the U.K., Germany over the foreseen period.
COVID-19 IMPACT ANALYSIS ON EUROPE SOAP NOODLES MARKET
The expansion of the industrial sector has been significantly impacted by the spread of the COVID-19 pandemic. Product supply and production were limited for a short time as a result of strict lockdown measures, which in turn impacted market expansion. The outbreak of COVID-19 pandemic resulted in the lockdown; thereby disrupting the supply chain and stopping the production of laundry detergents. As per COPA-COGECA, an association of the two biggest horticultural umbrella associations and the most powerful interest group for European farmers, rapeseed production in the European Union was expected to reach 17 million metric tons in the marketing year 2021, down by 30% from the previous year, due to the COVID-19 pandemic-related reduction in planted area. Palm oil is a major component in the production of soap noodle, which is imported from Europe. However, the supply, demand, and prices of oil and fats in general, including palm oil, are being severely affected by the COVID-19 pandemic. However, this is expected to resume the Europe soap noodles market's growth during the forecast period. Additionally, the region's market is anticipated to expand during the forecast period as a result of the increasing populations, changing living standards, and an increasing number of health-conscious consumers.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of Europe soap noodles market is primarily focused on expanding the Europe growth of soap noodles industry with new product innovation, business expansion, increasing presence of range of manufacturer operating in soap noodles sector has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
- John Drury & Co Ltd (UK)
- M Bedforth & Sons (UK)
- INEOS Technologies Pvt Ltd (UK)
- Schutz & Co. GmbH & Co. KG (Germany)
- Levant soap (UK)
- Henkel AG & Co. KGaA (Germany)
- BASF SE (Germany)
- Croda international (Germany)
RECENT DEVELOPMENT:
November 2020: Croda and Anomera have announced their partnership to develop high-quality carboxylate cellulose nanocrystals, which are converted into a micron sized powder.
