Market Insights
Acidulated soap stock consumption has gradually increased in the market due to increasing agricultural activities driving demand for animal feed. On the basis of applications, the global acidulated soap stock market is segmented into animal feed, soaps, biodiesel, and others. The feed market accounted for a larger share of the global acidulated soap stock market. According to industry experts, animal feed is expected to remain the key driver for the acidulated soap stock market, coupled with increasing demand for biodiesel owing to various government initiatives, especially in developed countries. Other factors, such as the growing array of applications in laundry and dry cleaning, metal finishing compounds, and food plant cleaners, are also expected to drive the growth of acidulated soap stock during the forecast period. These factors have led to a strong growth of acidulated soap stock in the market worldwide.
On the basis of region, the global acidulated soap stock market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2015, Asia Pacific was observed as the largest and fastest-growing market for acidulated soap stock, with an X% market share by value. The market for acidulated soap stock in Latin America, the Middle East, and Africa is likely to grow considerably during the forecast period owing to an increase in the utilization of soap stock in animal feed and an increase in demand for products with bio-based ingredients. North America and Europe together accounted for more than X% of the market pie in terms of value and volume in 2015. Both these regions are projected to witness a moderate growth rate during the forecast period of 2016 to 2023.
The acidulated soap stock market is expected to reach over US$ 1,509.5 million by 2023, growing at a CAGR of 5.3% during the forecast period of 2016–2023.
Purpose of the Report
The purpose of this strategic research study titled “Global Acidulated Soap Stock Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global acidulated soap stock market.
Target Audience
- Industry Investors
- Acidulated Soap Stock Providers and Vendors
- Research Professionals
- Emerging Companies
- Raw Material Suppliers and Buyers
- Product Suppliers and Buyers
- Research Institutes
On the basis of its application, the acidulated soap stock market is categorized into the following segments:
- Feed Market
- Soaps
- Biodiesel
- Others (laundry and dry cleaning, metal finishing compounds, food plant cleaners, etc.)
Global acidulated soap stock market revenue is expected to grow at a significant rate of 5.3% over the forecast period of 2016–2023. Growing demand for animal feed due to increasing agricultural activities is expected to drive the growth of the acidulated soap stock market over the forecast period. According to industry experts, animal feed is expected to remain the key driver for the acidulated soap stock market, coupled with increasing demand for biodiesel owing to various government initiatives, especially in regions such as Europe, which is anticipated to fuel the growth of the acidulated soap stock market. Growing demand for animal feed products due to a growing agriculture industry is expected to fuel demand for the feed market segment over the forecast period.
Moreover, increasing demand for meat products, milk, etc., is encouraging poultry farm owners to use acid-soap stock feed to keep their animals healthy. This, in turn, is driving the growth of animal feed products. Increasing demand for soap, especially in the Asia Pacific, due to rapid population growth in emerging economies such as India and China, is anticipated to fuel demand for the soap segment in the global acidulated soap stock market over the forecast period of 2016–2023. Other factors, such as the growing array of applications in laundry and dry cleaning, metal finishing compounds, and food plant cleaners, are also expected to drive the growth of acidulated soap stock during the forecast period.
On the basis of geography, the global acidulated soap stock market is segmented into the following categories:
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The global acidulated soap stock market is segmented by geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. In 2015, Asia Pacific was observed as the largest and fastest-growing market for acidulated soap stock, with an X% market share by value. Over the past few years, acidulated soap stock has gained popularity in biodiesel applications in developed countries, as the use of acidulated soap stock for biodiesel production is a good alternative for the cost reduction of biofuel production and to solve related environmental problems. The market for acidulated soap stock in Latin America, the Middle East, and Africa is likely to grow considerably during the forecast period owing to an increase in the utilization of soap stock in animal feed and an increase in demand for products with bio-based ingredients.
