Candles Market
Candles Market Global Industry Assessment & Forecast
#
Pages:
155
2021
Nov - 2021
VMR-2021-0447
Segments Covered
By
Product Container Candle, Pillars, Votive, Tapers, Others
-
By
Wax Soy Wax, Paraffin, Palm Wax, Beeswax, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
7.15 Billion |
 Revenue 2028:
|
13.38 Billion |
 Revenue CAGR
(2021 - 2028): |
8.2 |
Fastest Growing Region (2022 -
2028)
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
FAQ
Frequently Asked Question
What is the global demand for Candles in terms of revenue?
-
The global Candles valued at 7.15 Billion in 2020 and is expected to reach 13.38 Billion in 2028 growing at a CAGR of 8.2%.
Which are the prominent players in the market?
-
The prominent players in the market are Yankee Candles, Thymes , White Barn Candles, Jo Malone, Village Candles, NEST, Slatkin & Co, Malin + Goetz, Colonial Candle, Diptyque..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Candles include
- The growing demand and trend of candles for the decoration of offices and houses and in other celebrating festivals like christmas and diwali, are considered to driving the market growth over the forecast period.
- Candles has been witnessing a rise with the majority of spa as well as massage centers that are using scented candles for a soothing and calm experience. Similarly, the restaurants as well as dining places are using the product very frequently to create a aromatic and beautiful ambiance for the customer's experience. Thus, the increasing use of candles in various segments is expected to support the growth of the market in the near future.
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Candles in 2020.
