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Candle Market is Estimated to Grow at a CAGR of 5.4% within the forecast period of 2023-2030: Cognitive Market Research
Candle Market is Estimated to Grow at a CAGR of 5.4% within the forecast period of 2023-2030: Cognitive Market Research
- A candle is a wax-based product that is burned for its light and fragrance, or for the light it provides. Candles have been used for thousands of years for various purposes, including illumination, religious rituals, and as a source of heat.
There are many types of candles, including beeswax candles, soy candles, paraffin candles, and more. Some candles are scented with essential oils or other fragrance oils, while others are unscented. Candles can be used in a variety of settings, such as homes and, religious institutions, and in the form of votive candles in spiritual and meditative practices.
Summary:
- The Global Candle Market is projected to grow at a CAGR of 5.4% during the forecast period of 2023-2030.
- The rise in the number of spas, hotels, and restaurants is the major driving factor for the growth of the Candle market.
- North America accounted for the largest market share in the Global Candle Market.
- Votive product type segment held the largest share in the year 2021 owing to its various benefits such as long burning time, and inexpensive.
To know more The Candle Market statistics click here: https://www.cognitivemarketresearch.com/candle-market-report
Market Dynamics:
- The rise in the number of spas, hotels, and restaurants is driving the growth of the candle market. The candles are widely used in hotels spas and restaurants to create a relaxing and calming atmosphere. People are becoming more concerned about their health and the environment, there has been a growing interest in natural and eco-friendly products, such as beeswax and soy candles are driving the growth of the market. Furthermore, candles have become a popular decorative item, used to add ambiance and warmth to a room. They are used for special occasions such as weddings and festivals, such as Diwali and Christmas.
Market Segmentation:
By Product Type
- Votive
- Container Candle
- Pillars
- Tapers
- Others
By Wax Type
- Paraffin
- Soy Wax
- Beeswax
- Palm Wax
- Others
By Distribution Channel
- Offline
- Online
- Major Players in Candle Market are: Korona Candles S.A. (Poland), Yankee Candle Company Inc. (United States), Vila Hermanos Cerería Sa (Spain), Suomen Kerta Oy (Finland), Balthasar + Co. AG / Mislin + Balthasar AG (Switzerland), Cereria Pernici SRL (Italy), Delsbo Candles AB (Sweden), Gies Kerzen Gmbh (Germany), Gala-Kerzen Gmbh (Germany), Bolsius International BV (Netherlands).
Get free sample pages of latest published Candle Market Report: https://www.cognitivemarketresearch.com/candle-market-report
- North America is a leading region of the Candle market.
North America is anticipated to dominate the market during the forecast period. This is due to the growing hospitality sector, and growing awareness regarding natural and eco-friendly products in this region.
News:
- Jo Malone London launched Blossoms Collection & Layered Candles
In July 2020, Jo Malone launched Blossoms Collection & Layered Candles. The collection explores a contrast between citrus fruits and serene floating blooms. Jo Malone London has also launched the Fragrance Layered Candle.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
1.1 Global Candle Industry Introduction
1.2 Objectives of the Study
1.3 USP of the Report
1.4 Who is this report for?
1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
3.1 Global Candle Market Size 2018 - 2030, (USD Million)
3.2 Global Candle Market: Snapshot
Chapter 4 Global Candle Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Candle Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Candle Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Candle Market by Material Segmentation Analysis (2018-2030)
Chapter 11 Global Candle Market by Price Segmentation Analysis (2018-2030)
Chapter 12 Global Candle Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 13 Global Candle Market Regional Analysis
Chapter 14 North America Candle Market Outlook (2018 - 2030)
Chapter 15 Europe Candle Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Candle Market Outlook (2018 - 2030)
Chapter 17 Latin America Candle Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Candle Market Outlook (2018 - 2030)
Chapter 19 Research Findings
To know more Candle Market TOC click here: https://www.cognitivemarketresearch.com/candle-market-report#table_of_contents
Related Report:
- Birthday Candle Market- https://www.cognitivemarketresearch.com/birthday-candle-market-report
- Candle Making Machine Market- https://www.cognitivemarketresearch.com/candle-making-machine-market-report
- Desktop Candle Holders Market-https://www.cognitivemarketresearch.com/desktop-candle-holders-market-report
- Natural Wax And Paraffin Candles Market- https://www.cognitivemarketresearch.com/natural-wax-and-paraffin-candles-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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