In terms of revenue, candle market was valued at US$ 3835.22 Mn in 2020 growing at a CAGR of 7.7% over the forecast period (2021 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
A comprehensive analysis of Global Candle Market has recently added by Absolute Markets Insights to its vast repository. This analytical report includes investigations based on current scenarios, historical records and projections for the future. This research report analyzed accurate data on various aspects such as type, size, application and end user. It provides a 360-degree overview of the competitive landscape of industries. Thus, it helps companies understand the threats and challenges that businesses face.
Some of the players operating in the candle market are Bath & Body Works, Inc, Bougies la Française, Bridgewater Candle Company, CALWAX, Colonial Candle, Fleurty Wick Candle Co., GALA GROUP GMBH, Le Labo, Paramold Manufacturing LLC, Scent Perfique Ltd, Stonewall Kitchen, THE HARROGATE CANDLE COMPANY, The Yankee Candle Company, Inc., theluxecandleco, and Voluspa amongst other industry participants.
Read More on Candle Market Report: https://www.absolutemarketsinsights.com/reports/Global-Candle-Market-2021—2029-975
On the basis of candle type, the global candle market is broadly segmented into tapers, votives, pillars, tea lights, container and jar candles, floating candles and others. Container jars and candles are estimated to witness fastest growth rate over the forecast period. Over the last two years, manufacturers are looking forward to bring some changes in the appearances of candles such as using clear glass candle jars and using amber glass to create their candles. Amber glasses offers a classic vintage look and provides a soft glow when the candle is in use, which has attracted a huge number of customers.
Based on the type, the candle market is bifurcated into scented and unscented. Unscented candles have the highest share in the candle market in 2020. Unscented candles are more ideal as they do not have carbon blackening effects. Also, in recent times it is known that the burning of unscented candles has a good effect on the environment. Moreover, people allergic to certain fragrances highly prefer unscented candles.
Based on candle wax type, the global candle market is classified into paraffin wax, soy wax, beeswax, palm wax, blends and others. Paraffin wax held the highest share in the global candle market in 2020. Paraffin is an inexpensive wax and holds a high amount of fragrance and color. It also comes in various melt points, making it suitable for making many different types of candles, from containers to pillars. Over the recent years, soy wax has gained prominence in the global candle market. The wax is made up of a natural resource, and soybean with reduced carbon footprints. Soy burns slowly due to its high melting point, thus providing a long-lasting fragrance.
Distribution channel segment in the global candle market is classified into online and offline. Offline accounted for the largest market share in 2020, as the people in developing countries hugely purchase the candles from local convenience and departmental stores. People enjoy shopping through brick and mortar stores for decorative items during festive seasons. The offline channels also provide the choice of physical verification to buyers as they can test the fragrance before purchasing the scented products.
Global Candle Market
By Candle Type
- Tapers
- Votives
- Pillars
- Tea Lights
- Container and Jar Candles
- Floating Candles
- Others
By Type
- Scented
- Unscented
By Candle Wax Type
- Paraffin Wax
- Soy Wax
- Beeswax
- Palm Wax
- Blends
- Others
By Distribution Channel
- Online
- Offline
- Supermarkets & Hypermarkets
- Specialty Stores
- Home Décor Stores
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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