The global candle market was estimated to be worth US$ 8.36 billion in 2022, and it is anticipated to grow at a CAGR of 8.2% to US$ 14.52 billion by 2029. A candle is a wick composed of wax that is combustible and emits light. In recent times, candles have come to represent festivity, define ceremonies and events, calm the senses, etc. Manufacturers are concentrating on creating novel candles and suggesting scented candles for the living area and candles with low lighting for the bedroom, among other things.
Market Growth:
Candle Market size was valued at US$ 8.36 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 8.2% through 2023 to 2029, reaching nearly US$ 14.52 Bn.
Candle Market Overview
The Report Delivered By Maximize Market Research Helps Clients To Understand The Competitive Landscape In Detail, Which Is A Guide For Strategic Planning. The Candle Market Overview Provides Thorough Details About The Size Of The Market, Trade Statistics, Leading Players, And Various Market Metrics Such As Life Cycle, Trends, Etc.
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Candle Market Report Scope And Research Methodology
The Report Offers A Comprehensive Analysis Of The Candle Market, Including Trends, Forecasts, And Monetary Values. It Provides A Detailed Examination Of The Segments And Sub-Segments Within Both The Global And Regional Candle Markets. The Report Employs A Bottom-Up Approach To Estimate The Market Size Of The Candle Market, Ensuring Accuracy Across Various Segments. It Includes Comprehensive Information On Key Market Participants, As Well As New Entrants, Covering Their Services, Revenue, Financial Status, Portfolio, Growth Strategies, And Regional Presence. The Report Also Provides Projections For Market Size And Growth Rate And Highlights Existing And Future Trends Within The Candle Market.
Furthermore, The Report Presents An In-Depth Analysis Of Demand Projections, Market Trends, And Micro And Macro Factors That Impact The Candle Market. It Identifies The Drivers And Constraints Influencing The Growth Of The Candle Market. The Report Utilizes Qualitative And Quantitative Research Methods, Incorporating Tools Such As Swot Analysis, Pestle Analysis, And Porter's Five Forces Analysis. This Enables A Comprehensive Understanding Of The Market Dynamics. The Report Also Provides Insights Into Key Upcoming Developments That Are Expected To Influence The Demand For Candle In The Foreseeable Future.
Candle Market Segmentation
by Type
Tea Lights
Votive
Pillars
Birthday Candle
Cartridge Candle
Wax Filled Container Candles
Others
Tea Lights, Votives, Pillars, Birthday Candles, Cartridge Candles, Wax Filled Container Candles, and Others are the market segments based on Type. By 2029, the votive candle sector is anticipated to command the most market shares. This is a result of its capacity for delayed burning. These come in a variety of colours, including red, pink, yellow, purple, black, and many others, and are around 5 cm tall and 4 cm broad. They are stored on a glass holder to enhance their beauty when lit. During the forecast period of 2022–2029, these are the main advantages that propel the expansion of the votive candle segment in the worldwide market.
by Raw Material
Beeswax
Stearin
Paraffin Wax
Rapeseed Wax
Palm Wax
Soy Wax
Others
The market is divided into Beeswax, Stearin, Paraffin Wax, Rapeseed Wax, Palm Wax, Soy Wax, and Others based on the raw material. The category for paraffin wax is anticipated to expand quickly at a CAGR throughout the projected period. This is as a result of its low price and versatility in shaping. It is a petroleum by-product that can withstand water and is frequently used to create floating candles. Additionally, because of its semi-translucence and lack of colour, it can be coloured, giving it a decorative aspect. During the projection period, these are the major factors boosting the paraffin wax segment's growth worldwide.
by Distribution Channel
Offline
Online
The market is divided into Offline and Online segments based on the distribution channel. During the projected period, the offline channel segment is anticipated to increase quickly at a CAGR. This is because consumers in developing nations like Bangladesh, China, and India make significant purchases from neighbourhood and department stores. Customers who choose to make purchases through offline channels also have the option of physical confirmation because they can sample the fragrance prior to making a purchase. These are the variables that, throughout the course of the forecast period, will fuel the expansion of the offline channel segment in the global market.
The Key Manufacturers In The Candle Market
1. Baltic Candles Ltd
2. Bolsius International BV
3. Delsbo Candle AB
4. Diana Lys A/S
5. Duni AB
6. Erich Kopschitz GmbH
7. Hansa Candle AS
8. Bekro Chemie GMBH
9. KORONA Candles S.A.
10. Suomen Kerta Oy
11. Yankee Candle Europe Ltd
12. Affari AB
13. BISPOL Sp. z o.o.
14. Candle Scandinavia Group AB
15. Ceras Roura
16. Duffy & Scott Candlemakers Ltd
17. Engels Kerzen GmbH
18. Ester & Erik A/S
19. Gebr. Müller Kerzenfabrik AG
20. Korpiahon Hunaja Oy
21. Kynttilä-Tuote Oy
22. Liljeholmens Stearinfabriks AB
23. Monterosa Zelandi Srl
24. The Copenhagen Candle Company Limited
25. VILA HERMANOS CERERÍA SA
26. Seal Aromas Gmbh
27. Contract Candles Ltd
28. Spaas Candles Poland Sp Z O O
Candle Market Regional Insights
The Report Provides A Regional Analysis That Aids In Comprehending The Candle Market Across Multiple Countries. It Offers A Comprehensive Examination Of Various Factors, Market Size, Growth Rate, As Well As Import And Export Statistics Within Different Regions. The Candle Market Is Categorized Into Several Major Regions, Namely North America, Europe, Asia Pacific, Latin America, The Middle East, And Africa. The Report Delves Into Each Of These Regions To Provide Detailed Insights And Understanding Of The Candle Market's Dynamics And Performance In Each Geographical Area.
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Table Of Content For The Candle Market Includes:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Anti-collision Sensor Market, by Market Value (US$ Bn) & Volume (Tons)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Pillars Trends and Emerging Technologies
5. Supply Side and Demand Side Indicators
Key Questions Answered In The Candle Market Are:
- Which Are The Factors Expected To Drive The Candle Market Growth?
- What Are The Different Segments Of The Candle Market?
- What Are The Factors Restraining The Growth Of The Candle Market?
- What Is The Demand Pattern Of The Candle Market?
- What Major Challenges Could The Candle Market Face In The Future?
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Key Offerings:
- Past Market Size And Competitive Landscape (2018 To 2022)
- Past Pricing And Price Curve By Region (2018 To 2022)
- Market Size, Share, Size & Forecast By Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, And Key Trends By Region
- Market Segmentation – A Detailed Analysis By Segment With Their Sub-Segments And Region
- Competitive Landscape – Profiles Of Selected Key Players By Region From A Strategic Perspective
- Competitive Landscape – Market Leaders, Market Followers, Regional Player
- Competitive Benchmarking Of Key Players By Region
- Pestle Analysis
- Porter’s Analysis
- Value Chain And Supply Chain Analysis
- Legal Aspects Of Business By Region
- Lucrative Business Opportunities With Swot Analysis
- Recommendations
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