Candle Market
Candle Market - Global Industry Assessment & Forecast
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
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 6.37 Billion |
Revenue 2030: | USD 10.30 Billion |
Revenue CAGR (2023 - 2030): | 6.20% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | 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
Research Methodology: Candle Market by Product by Wax by Distribution Channel by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Primary research is conducted to verify and revalidate the data gained/procured from the secondary data sources. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Candlemarket size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Candlesupply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Candlemarket.
FAQ
Frequently Asked Question
What is the global demand for Candle in terms of revenue?
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The global Candle valued at USD 6.37 Billion in 2022 and is expected to reach USD 10.30 Billion in 2030 growing at a CAGR of 6.20%.
Which are the prominent players in the market?
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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.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 6.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Candle include
- High consumption of candles as an aesthetic-appealing product among female millennials for household application
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Candle in 2022.