Scented Candles Market, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2027

Market Overview
The accelerated trend of redoing household interiors is estimated to create a promising scope for the scented candles industry. The consumer and retail industry reports are formed by Market Research Future, emphasizing market opportunities for growth. A USD 4.22 billion income level is forecasted to be achieved with the support of a CAGR of 5.80% by 2024.

The urging investment in the home décor market by both the suppliers and consumers is estimated to benefit the scented candles market share in the coming period. Furthermore, the development of the customized home fragrance candles segment is estimated to boost the forecast period's scented candles market companies.

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Key Players
The Procter & Gamble Company (U.S.), Newell Brands (U.S.), Empire Candle Co., LLC (U.S.), Brandt Kaarsen (U.S.), Conscious Candle Company (Australia), Bolsius International B.V. (Netherlands), L Brands, Inc. (U.S.), Welburn Candles Pvt Ltd (India), Colonial Candle (U.S.), Reckitt Benckiser Group plc (U.K.), The Yankee Candle Company (U.S.), S.C. Johnson & Son, Inc. (U.S.), BeCandle (Hong Kong), Zhong Nam Industrial (International) Co., Ltd. (Hong Kong), and Candle-lite (U.S.) are some of the principal companies in the scented candles market.

Market Segment

The scented candles market's segmental overview has been conducted based on category, distribution channel, product type, and region. On the basis of product type, the scented candles market is segmented into paraffin wax, vegetable wax, synthetic wax, and animal wax. On the basis of regions, the scented candles market is segmented into Europe, North America, Asia Pacific, Africa, South America, and the Middle East. Based on the channel of distribution, the scented candles market is split into store-based and non-store-based. Based on the category, the scented candles market is segmented into premium and mass. On the basis of regions, the scented candles market is segmented into Europe, North America, Asia Pacific, Africa, South America, and the Middle East.

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Regional Analysis

The scented candles market's regional scrutiny includes regional markets such as Europe, North America, Asia Pacific, Africa, South America, and the Middle East. The North American scented candles market has reported control of a noteworthy market share of 32% of the global market in 2018. The progress for the regional scented candles market in North America is projected to be driven by the growing usage in applications of home décor, stress reduction, aromatherapy, and relaxation among the consumers. In the North American region, the U.S. scented candles market is appraised to hold its domination during the forecast period. However, Canada is projected to observe the maximum growth rate throughout the forecast period. The European regional market is also anticipated to report a significant market stake throughout the forecast period. The use and import of scented candles have risen steadily due to the increasing approval of scented candles as an ornamental accessory over purposeful applications. Poland's national market is the principal scented candle sellers in the region.

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