Soap Noodles Market Share

APAC Market Statistics

Asia Pacific in soap noodles market is expected to account for around 42% revenue share by 2036. The growing population in the region has seen a surge in the demand for personal hygiene and laundry soap bars thereby positively contributing to the market growth.

Furthermore, the easy availability of vegetable oil in the region coupled with the increasing palm production is projected to add to the market growth. In 2021, there was a 7.3% increase in the volume of the Asia Pacific market, reaching 6,201.7 million units. This item is becoming more popular due to its lower chemical content and less harmful effects on the skin compared to other hygiene products.

The soap noodles market in China held a share of over 28% in 2018 and is projected to grow at a CAGR of over 3.5% during the assessment period. Additionally, the growing investment in the retail sector development has made the availability of consumer goods easier in recent years which shall further boost the soap noodles market revenue during the forecast period. In April 2023, according to the National Bureau of Statistics, there was a 2.3% increase in retail sales.

The amount of soap exported from Korea is predicted to increase by 0.8% a year, to about 4.6 million kg in 2026. The product's annual supply has increased by 0.5% since 1993. By 2026, 5.9 million kg of Korean soap are expected to be imported, up 0.4% year over year from 2021.

The personal care products sector in Japan is a multifaceted environment marked by stringent regulations and intense competition to retain consumers. Additionally, influenced by the reputation of leading manufacturers in the broader chemical consumer goods sector, Japanese personal care items frequently encompass household cleaning products such as laundry detergents and air fresheners. The estimated shipment value of the personal care market is 2.1 trillion JPY.

European Market Analysis

The European region will also encounter huge growth in the soap noodles market during the forecast period. With continuing R&D efforts to provide high–quality soap noodle products and technological improvements, the market is anticipated to present new prospects. During the anticipated period, this is anticipated to offer a sufficient number of new growth possibilities in the market. Over the course of the forecast period, it is expected that the European soap noodles market will experience growth due to the growing demand for these noodles in the soap sector.

In the years 2017 to 2021, the European imports of soap increased from €1.7 billion to €2.1 billion, experiencing an average annual growth rate of 4.9%. The highest point of these imports was in 2020, driven by the increased focus on hygiene during the COVID–19 pandemic. Similarly, global soap imports reached €6.7 billion at their peak and then decreased to €5.2 billion in 2021. Europe's share of the total global imports stands at approximately 40%.

Germany was the second largest importer of Soap in the world in 2022, with imports totaling $489M. In the same year, Soap was the 432nd most imported item in Germany.

The United Kingdom witnessed an overall gain in sales value between 2010 and 2022. In 2022, the sales value stood at 117.15 million British pounds. Soap and organic surface–active products are chemicals that reduce the surface tension of a liquid or the interfacial tension between two liquids. They are used for many functions, such as cleaning, personal hygiene, cosmetics, detergents, and more.