Candle Market - Trends Forecast Till 2028

Global Candle Market Size By Product (Pillars, Votive, Tapers, Container Candle), By Wax (Soy Wax, Paraffin, Palm Wax, Beeswax), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-CG-CM-917

Format:  

Number of Pages: 257

Domain: Consumer Goods & Services

Candle Market – Trends Forecast Till 2028

Candle Market size was valued at USD 7.15 Billion in 2020 and is projected to reach USD 13.38 Billion by 2028, growing at a CAGR of 8.2% from 2021 to 2028.

A candle is an ignitable wick that is made up of wax that provides light. Candles were initially used as a source of light but nowadays, they are a symbol of celebration. It signifies aroma, soothes the senses, defines a ceremony and events, and many more. Candles are available in various shapes, sizes, designs, and colors which include votive, pillars, tea lights, cartridge candles, birthday candles, wax-filled container candles, and others

Increasing demand for candles for decoration of houses and offices and in celebrating festivals like Diwali and Christmas are some of the factors that have supported long-term expansion for Candle Market.

Candle Market Research Report

North America was the largest market, accounting for more than 30% of the global revenue share in 2018. The region is expected to continue leading in the near future attributed to increasing product demand during the festive seasons such as Easter and Christmas.

Candle Market is segmented into product, wax and region.

On the basis of Wax

  • Soy wax
  • Paraffin
  • Palm wax
  • beeswax

On the basis of Product

  • container candle
  • pillars
  • votive
  • tapers

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Candle Market Primary Respondent

 

Key Players

  • Yankee Candles
  • Thymes
  • White Barn Candles
  • Jo Malone
  • Village Candles
  • NEST
  • Slatkin & Co
  • Malin + Goetz
  • Colonial Candle
  • Diptyque

Recent Developments

  • March, 2021 – Supplies for Candles LTD, based in Yorkshire, has invested £2.5 million in the acquisition of Glassprint Ltd. Glassprint Ltd was founded in 2002 and specializes in printing on glass products such as candle glasses and perfume bottles.
  • February, 2021 – Yankee Candle®, the world’s largest home fragrance company, has announced the launch of its new Signature Collection. With reimagined tumbler candles and hand-illustrated labels depicting the fragrance notes within each scent, the new collection breathes new life into Yankee Candle’s design.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Candle Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 8.2% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Product, wax and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Yankee Candles, Thymes, White Barn Candles, Jo Malone, Village Candles, NEST, Slatkin & Co, Malin + Goetz, Colonial Candle, Diptyque

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