WEALTH SECRETS IN TABLET SOAP
BUSINESS
7 Simple Ways To Make Money
In Tablet Soap Business
Business Overview
Soap is very useful in our daily lives as a personal care product,
and almost inevitably in every household and corporation. The soap industry
falls under the fast-moving consumer goods (FMCG) sector, which represents one
of the largest industries worldwide.
According to research reports, aggregate output from local soap
industry is about 650,000 tones per annum. With the ban on soap importation,
this translates into a demand and supply gap of more than 250,000 tones yearly.
Market Prospects
The soap market in Nigeria is estimated to be about N18billion, and it is
estimated that over 800,000 tonnes of toilet and laundry soap are produced
yearly (NBS). This is based on a conservative estimate of weekly consumption of
one tablet of 75g per person of laundry and bath soap. This demand is driven by
population growth, disposable income and consumer trend
Soap is a traditional washing compound made from the saponification of oil fats and caustic alkali. The two vital raw materials needed for the production of bar soap are palm oil and caustic soda. Consequently their importance in the production of cleaning agents cannot be overemphasized
No comments:
Post a Comment