Press release
Candle Market 2022 Global Industry Growth and Key Manufacturers, Top Countries Data, Analysis Report 2031
A candle is an ignitable wick; it is usually a cotton thread embedded in wax or another flammable solid substance that provides light and fragrance in some cases. A candle can also provide heat or a method of keeping time in some regions. The main purpose of candles is to produce an ambience with its light, heat, and aroma. According to the latest report published by Transparency Market Research, the global candle market is projected to grow, as candles are widely used for their aesthetic value and scent, particularly to set a soft, warm, or romantic ambiance, for emergency lighting during electrical power failures, and for religious or ritual purposes.In addition, rising awareness among millennial about the effects of burning candles on the environment is encouraging them to strive toward reducing the carbon footprint. Majority of consumers are likely to be millennial during the forecast years. Synthetic candles with tainted oil, lead wicks, and artificial fragrances contaminate indoor air, which, in turn, causes respiratory and other health problems. Social and environmental sustainability are progressively becoming important consumer preferences in the candle product category. The Internet has greatly increased global consumer awareness about production processes and working conditions, as well as their willingness to express their demand for greater transparency.
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Home decoration activities are anticipated to grow during the forecast period, owing to rising disposable income, thus driving the demand for candles globally. During the forecast period, the market for candles is anticipated to grow due to the rising popularity of scented candles and candles in containers filled with wax. Candles are used to create a comfortable atmosphere in a space. Consumers are now increasingly buying candles as focal points for their home décor and stress relief similar to that provided by aromatherapy.
According to NCA (National Candle Association-USA), candle users report using candles most frequently in the living area, followed by the kitchen and the bedroom. Recent years have seen a huge spike in sales of scented candles. The COVID-19 pandemic and the ensuing lockdowns led to a huge increase in sales of scented candles, diffusers, and room sprays.
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As per candle market statistics, candles are widely used for home decoration, especially during festival seasons. Their demand at churches, temples, and other religious settings is on the rise, as they help to create a calm environment. Many people use scented candles, as it helps to develop a positive mental state in their surroundings, to relieve stress, and to bring health advantages. Scented candles come in a variety of smells, including basil, jasmine, lavender, lemon, orange, and vanilla. The worldwide candle market is, thus, anticipated to grow due to their frequent use in religious settings and during festive occasions.
Additionally, the use of candles has witnessed a rise in commercial spaces such as spas, massage parlors, and healthcare facilities for heat treatments and to create a soothing ambience. Furthermore, surge in usage of candles by therapists to create a peaceful ambiance in therapy rooms, and lighting candles during prayers and meditation are some of the key factors driving the candle market.
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Similarly, restaurants utilize candles to create an intimate atmosphere. Fine dining establishments are increasingly adopting the product to give their patrons an aromatic and fragrant ambiance. Other establishments including independent brands, fashion houses, and cosmetic merchants are focusing on candles and candle products in order to attract new clients and maintain client loyalty & interest.
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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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