Candle Market is Expected to Thrive at a CAGR of 5.1% by 2023 | Top Key Players - The Yankee Candle Co., Inc., Colonial Candle, White Barn Candles, Slatkin & Co

A recent report by KD market insights titled as "Candle Market - By Candle Type (Pillar Candle, Taper Candle, Votives, Tea lights, Floaters, Others), By Sales Channel (Online Stores, Offline Stores, Specialty or Gift Shops, Department or Home Decor Stores, Mass Merchandise Retailers, Direct Sales), By Price (High, Medium, Low) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Candle Market competitors share and region wise analysis around the globe.

The candle finds a range of applications in our lives. The candles have been used for heat, light, keeping time and in some cases, a fragrance. Candles these days have become indispensable accessories in both self-care and home decor flourish. The market for candles is growing constantly over the years and was totaled at a value of USD XXX Million in 2018. The global candle market is expected to thrive at a CAGR of 5.1% during the forecast period to reach a valuation of USD XXX Million by 2023.

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Growth Drivers & Restraints:
There is an appreciable rise in the number of candle lovers across the globe. Presently candles are not being used just for the purpose of lighting but for other purposes such as gifting and decoration. Throughout the years, candles have gone through many delightful transformations. Today candles are available in various designs, shape, and sizes. Availability of different types of candles such as scented candles, floater candles, and others are attracting consumers towards them. Further, the rise in disposable income of consumers and rapidly changing lifestyles are acting as major factors which are allowing them to spend more on home décor and fragrance products, which in turn driving the sales of candles across the globe. Consumers are increasingly purchasing candles as a focal point for their home decor, and for aromatherapy-like relaxation and stress reduction.

Social media and other internet media options have aid sales and marketing channels become more transparent and near to consumer. These enhancements have increased sales of candles through online sales channels across the globe. In addition to this, the demand for luxury candles is sparking overall growth of the candles market. Consumers across the globe, especially in developed countries are considering luxury candles to be an always-acceptable and highly appreciated gift for a wide variety of occasions. The rising trend of gifting luxury candles is believed to be fostering the growth of the candle market in upcoming years. Apart from this, personalized candles is another trend which is likely to aid the growth of the global market in the future.

However, Candles market is one of the very un-organized markets which have a large number of local manufacturers and due to these private label products present a growing threat to branded products. This rise in the number of local manufacturers of candles is affecting the revenue of organized players in the market.

Segmentation
The research offers a comprehensive analysis of Candle market with respect to following sub-markets:

By Candle Type
- Pillar Candle
- Taper Candle
- Votives
- Tea lights
- Floaters
- Others

By Sales Channel
- Online Stores
- Offline Stores
- Specialty or Gift Shops
- Department or Home Decor Stores
- Mass Merchandise Retailers
- Direct Sales

By Price
- High
- Medium
- Low

By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as:

- The Yankee Candle Co., Inc.
- Colonial Candle
- White Barn Candles
- Slatkin & Co
- Bridgewater Candle Company
- VILLAGE CANDLE
- Trapp Fragrances
- Other Prominent Players

Browse Full Report With TOC@ https://www.kdmarketinsights.com/product/candle-market

Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Candle Market
3. Global Candle Market Trends
4. Opportunities in Global Candle Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Candle Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023

8. Global Candle Market Segmentation Analysis, By Candle Type
8.1. Introduction
8.2. Market Attractiveness, By Candle Type
8.3. BPS Analysis, By Candle Type
8.4. Pillar Candle Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Taper Candle Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Votives Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Tea lights Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.8. Floaters Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.9. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023

9. Global Candle Market Segmentation Analysis, By Sales Channel
9.1. Introduction
9.2. Market Attractiveness, By Sales Channel
9.3. BPS Analysis, By Sales Channel
9.4. Online Stores Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Offline Stores Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Specialty or Gift Shops Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Department or Home Decor Stores Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Mass Merchandise Retailers Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.9. Direct Sales Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023

10. Global Candle Market Segmentation Analysis, By Price
10.1. Introduction
10.2. Market Attractiveness, By Price
10.3. BPS Analysis, By Price
10.4. High Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Medium Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Low Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
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