Candle Market 2023 | Top Key Players - Vollmar, Gies Kerzen, Hyfusin, Empire Candle, Zhongnam, Diptqyue

Candle Market
This research report provides a comprehensive analysis of the Candle market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Candle market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Candle, challenges faced by the industry, and potential opportunities for market players.

The global Candle market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Candle market presents opportunities for various stakeholders, including Traditional Field, Craft Field. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Candle market. Additionally, the growing consumer demand present avenues for market expansion.

The global Candle market was valued at US$ 6820.1 million in 2022 and is projected to reach US$ 8553.4 million by 2030, at a CAGR of 2.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global key players of candle products include Yankee Candle (Newell Brands), Western Alliance, Bancorporation, Bolsius, Universal Candle, Qingdao Kingking Applied Chemistry, Dalian Talent Gift Co.,Ltd., Vollmar, Gies Kerzen and Hyfusin, etc. Top 3 producers are Yankee Candle (Newell Brands), Western Alliance and Bolsius, holding a total share about 15%.

Europe is the largest market by region, with a market share around 40%, followed by North America (28%) and Asia-Pacific (20%).

Petroleum & mineral candle products gain the highest market share by raw materials, making up over 70%.

In terms of application, candle products are mainly used in traditional and craft field, where the latter one holds a share over 90%.

After years of development, the market of candle craft products has become relatively mature, and its overall market sales is not expected to soar. However, there is a tendency that candle products will be accepted as life accessories. Therefore, the industry is going to have a stable development prospect.

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Market Dynamics:
The report analyses the market dynamics driving the growth and development of the Candle market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Candle market's trajectory.

Competitive Landscape:
The report provides an in-depth analysis of the competitive landscape within the Candle market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.

Market Segmentation and Forecast:
The report segment the Candle market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.

Technological Trends:
The report should highlight the key technological trends shaping the Candle market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.

Market Challenges and Opportunities:
The report identify and analyses the major challenges faced by the Candle market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.

Regulatory and Policy Analysis:
The report should assess the regulatory and policy landscape for Candle, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.

Recommendations and Conclusion:
The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Candle market.

Supporting Data and Appendices:
The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.

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Market Segmentation
Candle market is split by Type and by Application. For the period 2018-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Major players covered
Yankee Candle (Newell Brands)
Western Alliance Bancorporation
Bolsius
Universal Candle
Qingdao Kingking Applied Chemistry
Dalian Talent Gift Co.,Ltd.
Vollmar
Gies Kerzen
Hyfusin
Empire Candle
Zhongnam
Diptqyue
Dandong Everlight Candle Industry
Allite
Fushun Pingtian Wax products
Armadilla Wax Works

Market segment by Type
Petroleum & Mineral
Vegetable
Animal
Synthetic

Market segment by Application
Traditional Field
Craft Field

Global Candle Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico

Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe

Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia

South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa

Outline of Major Chapters:
Chapter 1: Introduces the definition of Candle, market overview.

Chapter 2: Global Candle market size in revenue and volume.

Chapter 3: Detailed analysis of Candle manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Candle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Candle capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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