Soap Noodles are made from vegetable oils, such as palm oil, coconut oil or olive oil, and/or animal fats (tallow). These are ‘saponified’, usually using sodium hydroxide, to form a salt of the fatty acids. Soap Noodles constitute the very basic form of soap. Manufacturers are able to buy basic soap noodles, then add pigments, fragrances and other components to create their own brand of soap. Once this has been accomplished, the soap is moulded and pressed into its final shape, stamped with the brand and packaged. Different specifications of soap noodles are used depending on the type of soap to be manufacturerd e.g. toilet soap, laundry soap, translucent soaps, high-lather, medicated, etc.
Soaps are cleaning products that have become an essential part in our daily lives. Cleaning products play an essential role by safely and effectively removing dirts, germs and other contaminants, and thus promote a hygienic lifestyle. There are therefore, indispensable items as a daily requirement in homes, offices, schools, hospitals, restaurants etc
Nigeria beauty and personal care market estimated to be growing at five to 10 percent cumulative annual growth rate (CAGR) retains strong potential and opportunity despite 40 percent reduction in products use by consumers, in response to soaring inflationary trend and biting recession. The market’s underlying fundamentals are staying stable.
In 2013, the fast-moving consumer goods (FMCG) sector’s contribution to GDP was estimated at $85 billion, with a growth rate of about 12% as opposed to a 7% growth rate in 2012.
The FMCG sector is globally categorized into three primary sub-segments – Food and Beverages; Spirits and Tobacco; Household and Personal Care. The Household and Personal Care segment consists of soaps, laundry detergents, dishwashing liquids, etc.
Toilet soap is one of the most essential house-hold items that humans use daily. It commands regular or constant demand in the market place. Soap making business is lucrative and offers reliable and constant revenue for business men and women who are producing and those marketing soap wholesale or retail.
The demand for the product is high because detergent is a consumable item. It is used in households, guest houses, hotels, canteens, hospitals, schools, higher institutions, offices, etc, as a general cleaning agent.
Different types of soap are produced daily and they include – laundry soap, bathing soap, antiseptic soap, detergent and a host of others.
Consumption and usage of soap for personal hygiene and general cleanliness per household is rising, and the importance cannot be emphasized. Nigeria market is a very large one considering the growing population yearly.
The market for toilet soap is national. With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum, an average economic growth rate of 3.5% per annum in the past five (5) years, Nigeria has a large market for soap.
From the figure, it is clear that the business of soap noodle importation and sales in Nigeria, it profitable and viable.
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At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can purchase our reports on the following subject matter
CAUSTIC SODA PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
DETERGENT POWDER PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
SODIUM HYPOCHLORITE PRODUCTION IN NIGERIA (USING SALT BRINE AS RAW MATERIALS); THE FEASIBILITY REPORT
BATHING SOAP PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
LAUNDRY BAR SOAP PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
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