The recent report on the Global Candle Market gives us a detailed look at what’s happening in the industry. It talks about trends, forecasts for market size from 2024 to 2030, and how inflation is affecting things. This report is really exciting because it shows us all the great opportunities that are popping up in the candle world. People’s tastes are changing, and new companies are joining the market.
The study predicts that by 2030, the candle market will be worth around US$ 15.11 Billion. Candles are loved all over the world for their scents and how they can make a room look beautiful.
The analysis also tells us that the market is growing at a rate of 6.17% every year from 2024 to 2030. People are getting more interested in candles for different reasons, like using them for decoration or for relaxation. This is happening especially in places like Asia and the Middle East where people have more money to spend.
Global Candle Market Industry Details
The report breaks down the worldwide candle market by the type of wax used. It highlights that paraffin wax is the most popular, even though there is a growing trend towards more eco-friendly options like soy and beeswax. The industry is embracing the demand for sustainable and luxurious candles, attracting consumers who care about the ethical aspects of production.
The research also looks at the distribution channels for candle sales. It shows that supermarkets and hypermarkets play a crucial role in offering a wide range of choices to consumers. Additionally, online retail is becoming increasingly popular due to its convenience and the growth of e-commerce.
One area of focus in the report is the United States market. The US has a strong infrastructure and a high rate of candle ownership, with 74% of Americans owning candles. Seasonal festivities in the country further drive candle consumption, as candles are an important part of creating a celebratory atmosphere.
The report also highlights the key players in the industry who are shaping the market through new product lines and sustainable production methods. These companies are constantly innovating and expanding their offerings to meet the diverse demands of consumers.
With detailed insights on wax types, economic and luxury categories, candle products, distribution channels, and country-wise analysis, the report provides valuable perspectives for strategic decision-making.
The Global Candle Market report is a valuable resource for industry stakeholders, investors, market analysts, and anyone interested in understanding the complexities and potential of this sector. It offers a comprehensive study that explores the various factors that influence the global candle market.
Report Scope and Segmentation
Wax Type:
Plam Wax
Soy Wax
Bees Wax
Paraffin
Others
Category:
Economical
Luxury
Product:
Votive
Container Candle
Pillars
Tapers
Others
Distribution Channel:
Online Retail
Specialty Stores
Supermarkets & Hypermarkets
Departmental Stores
Institutional Sales
Country –
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 Indonesia
3.5 South Korea
3.6 Thailand
3.7 Malaysia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
6. Rest of the World
Companies Profiled
Portmeirion Group
Newell Brands Inc.
Estée Lauder Companies Inc.
Lalique Group SA
Bath & Body Works, Inc.
MVP Group International Inc.
Diptyque Paris
NEST New York
Thymes
Village Candle