Scented candles Market Invention Analysis to 2023 | Reckitt Benckiser (Air Wick), P&G, Colonial Candle, Yankee Candles, Welburn Candles Pvt. Ltd.

Growing demand for luxurious lifestyle, increase in disposable income and urbanization, yoga and meditation trend and increasing variety of scented candles are the growth drivers responsible for the growth of global scented candles market. Global scented candles market is expected to grow at the CAGR of 5%.

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Top Players:

Reckitt Benckiser (Air Wick)
P&G
Yankee Candles
Colonial Candle
The Conscious Candle
Welburn Candles Pvt. Ltd.
Parcan

Market Analysis:

Globally with huge demand for spa treatments and interior decorative items, scented candles market will continue to grow. Key players are investing in R&D for innovation in creating a 100% natural scented candles, as there is growing awareness about negative side effects of chemical or artificial scented candles. The increasing working class, disposable income, and hectic work schedule lifestyle there is rise in the demand for natural stress buster aroma therapy and scented candles.

There is growing demand for soy candles, since it is made up of soybean oil, it reduces carbon-dioxide emission, and burns 50% longer than paraffin candles. Moreover, soy candles are non-toxic and have lower melting point. Supporting this key players also trying out various promotion options for scented candles by promoting the soy candles on e-commerce, so as to reach out to various consumer class. And also, key players are investing scented candles with various health benefits to help relieve headaches, and others.

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Table of Content:

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions

2.2.3 Limitations

2.3 Markets Structure

2.4 Stakeholders

3 Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

3.5 Market Size Estimation

4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5 Market Trends

Geographical Analysis:

The global Scented candles market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North American region has the major market share. The market is projected to grow at a steady pace in the review period. Asia-pacific will be the fastest growing region in the scented candles market and high growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to major players. The rise in number working population and urbanization in growing economies of Asia-Pacific and Latin America, especially in China and India will be the crucial factor underlining the market growth.

The market is projected to grow at a steady pace in the forecast period, leaded by higher growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, and also offers lucrative opportunities for expansion to major players.

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This release was published on openPR.