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Candle Market

Candle Market

Candle Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

142

Base Year:

2021

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1488

Segments Covered
  • By Product Votive, Container Candle, Pillars, Tapers, Others
  • By Wax Paraffin, Soy Wax, Beeswax, Palm Wax, Others
  • By Distribution Channel Offline, Online
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 6.8 Billion
Revenue 2028Revenue 2028: USD 9.9 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 6.5%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
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
Candle Market Share

Candle Market

Candle Market- By Product, Wax and Distribution Channel.

Market Synopsis:

The Global Candle Market is valued at USD 6.8 Billion in the year 2021 and is projected to reach a value of USD 9.9 Billion by the year 2028. The Global Market is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period.

Candle Market Size, 2021 To 2028 (USD Billion)

The high consumption of Candle as an aesthetic-appealing product for household application among female millennials is expected to drive growth. Beauty retailers, independent brands, and fashion houses have been developing innovative products to attract new customers while retaining existing ones. Similarly, restaurants and fine dining establishments are increasingly utilizing the product to create a lovely and aromatic ambiance for their customers. Over the last few years, there has been an increase in demand for organic Candle made of natural wax. The preference for Candle that do not result in carbon blackening has a positive impact on demand. Millennials are also becoming more aware of the environmental effects of Candle burning, which is encouraging them to work toward reducing their carbon footprint.

Candle are commonly used during religious rituals, festivities, festivals, and get-togethers to create a lovely environment and a relaxing atmosphere. Candle s' commercial utility has increased in recent years, with the majority of spa and massage centers using scented Candle for a soothing effect. Candle are becoming more popular, particularly in massage facilities and other business establishments. Candle massage is a popular therapy among millennials at massage places. Back pain, headaches, anxiety, and osteoarthritis can all be relieved with these products.

Market Segmentation:

The Candle Market is segmented on the basis of Product, Wax and Distribution Channel. On the basis of Product, the market is segmented into Votive, Container Candle, Pillars, Tapers and Others. On the basis of Wax, the market is segmented into Paraffin, Soy Wax, Beeswax, Palm Wax and Others. On the basis of Distribution Channel, the market is segmented into online and offline.

Based on Product

On the basis of product, the market is segmented into Votive, Container Candle, Pillars, Tapers and Others. Container Candle (also known as votive Candle s) are small Candle housed in a heat-resistant container. They are extremely simple to make and are widely used as decorative items, usually in the form of fragranced Candle s. They are made up of a heat-resistant container filled with wax and a central wick in their most basic form. The selection of the proper type of container is critical. Even if the Candle has been burning for a long time, the container must be safe. Heat-resistant materials such as metal tins, ceramics, and glass are ideal, though glass should be used with caution because it has a tendency to crack or shatter when heated.

Below tree is interactive. You can click the nodes to get more information.

Based on Wax

On the basis of wax, the market is segmented into Paraffin, Soy Wax, Beeswax, Palm Wax and Others. In the Global Candle Market, Paraffin had the largest market share. One of the most common types of wax used in the Candle making industry is paraffin wax. It is commercially available in solid slabs, pellets, and flake forms. When converted into liquid form, the wax turns transparent from its white appearance. There are three types of paraffin waxes: low, medium, and high melting points. Melting point is one of the most important factors to consider when formulating or making a Candle. Paraffin with a low melting point is used for container Candle in jars, cups, or glasses. Votives, pillars, and other moulded Candle are made from paraffin, which has a medium melting point. High-melting-point wax is used in more specialized applications such as hurricane Candle shells, over dipping, and other Candle -making techniques.

North America is expected to acquire the largest market share during the year 2021

North America is likely to be the fastest-growing regional market over the forecast period with a market share of 32.10%. Due to rising consumption of aromatic Candle and growing aromatherapy treatment in countries such as the United States and Canada, the North American market is likely to account for a significant revenue share in the global market. Furthermore, manufacturers have introduced mosquito repellent Candle to defend against mosquitoes, which are expected to assist the global market's growth. Meanwhile, the region is likely to maintain its leadership position in the near future, owing to increased product demand during holiday seasons such as Easter and Christmas. Another popular custom in the United States is giving Candle as gifts at festivals and special events.

Competitive Landscape:

Key players operating in the Global Candle Market include- Bath & Body Works, Better Homes and Garden, Bridgewater Candles, Colonial Candle, Circle E Candles, Diptyque, Jo Malone, Malin + Goetz, NEST, Slatkin & Co, Thymes, Village Candles, White Barn Candles, Yankee Candles and others

Segmentation of the Global Candle Market:

Parameter Details
Segments Covered
  • Product (Votive, Container Candle, Pillars, Tapers, Others)
  • Wax (Paraffin, Soy Wax, Beeswax, Palm Wax, Others)
  • Distribution Channel (Offline, Online)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Bath & Body Works
  • Better Homes and Garden
  • Bridgewater Candles
  • Colonial Candle
  • Circle E Candles
  • Diptyque
  • Jo Malone
  • Malin + Goetz
  • NEST
  • Slatkin & Co
  • Thymes
  • Village Candles
  • White Barn Candles
  • Yankee Candles
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Candle Market to Reach Valuation of USD 9.9 Billion by 2028 - Increasing Demand for Candle market in Retail Sector to Drive the Market Growth
From the period of 2022 to 2028, the Global Candle Market is expected to reach USD 9.9 Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 6.5%. A Candle Market is a wax block with a wick inside. When ignited, it emits light and heat, as well as the occasional scent. In...
FAQ
Frequently Asked Question
  • The global Candle valued at USD 6.8 Billion in 2020 and is expected to reach USD 9.9 Billion in 2028 growing at a CAGR of 6.5%.

  • The prominent players in the market are Bath & Body Works, Better Homes and Garden, Bridgewater Candles, Colonial Candle, Circle E Candles, Diptyque, Jo Malone, Malin + Goetz, NEST, Slatkin & Co, Thymes, Village Candles, White Barn Candles, Yankee Candles.

  • The market is project to grow at a CAGR of 6.5% between 2021 and 2028.

  • The driving factors of the Candle include

    • High consumption of candles as an aesthetic-appealing product among female millennials for household application

  • North America was the leading regional segment of the Candle in 2020.