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Scented Candle Market 2023 - Global Industry Size, Share, Trends, Opportunity And Forecast 2032
Scented Candle Market
The Business Research Company's Scented Candle Global Market Report 2023 identifies changes in lifestyle that are leading to stress and related ailments as the major driver for the Scented Candle market's growth in the forecast period. Stress refers to any form of change that creates physical, emotional, or psychological distress. The body reacts to anything that demands attention or action by causing stress. Numerous changes have occurred in people's lives as a result of the COVID-19 epidemic, including uncertainty, altered daily schedules, financial hardships, and social isolation.
The global scented candle market size is expected to grow from $3.69 billion in 2022 to $3.90 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global scented candle market size is expected to grow to $4.81 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the Scented Candle market are Californi*a Exotic Novelties, Colonial Candles, CoScentrix, Diptyque, Himalayan Trading Post, Lee Naturals, Lelo.
A key trend in the Scented Candle market includes product innovations. For instance, in February 2020, McDonald's, a US-based fast food company, launched a new scented candle pack that's supposed to smell like a Quarter Pounder when burned together. The six-piece candle set includes the Quarter Pounder ingredient-inspired scents of ketchup, pickle, cheese, onion, bun, and 100% fresh beef.
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The Scented Candle market is segmented -
• By Product Type: Jar, Pillar, Tea light, Tumbler, Vase, Other Product Types
• By Raw Material: Wax, Liquid Dyes, Soy, Glass, Other Raw Materials
• By Fragrance: Fruit, Flower, Spice, Blends, Other Fragrances
• By Sales Channel: Online Retails, Offline Retails
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Scented Candle market.
The Business Research Company's "Global Scented Candle Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Scented Candle Market Include:
1. Executive Summary
2. Scented Candle Market Characteristics
3. Scented Candle Market Trends And Strategies
4. Scented Candle Market - Macro Economic Scenario
5. Scented Candle Market Size And Growth
………………………………..
26. Africa Scented Candle Market
27. Scented Candle Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Scented Candle Market
29. Scented Candle Market Future Outlook and Potential Analysis
30. Appendix
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