Candle Market 2023 Key Players, Size, Share, Trends, Growth and Forecast to 2029

Candle Market revenue is expected to grow at a CAGR of 8.2% through 2023 to 2029, reaching nearly USD 14.52 Bn.

Candle Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Candle industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Candle Market Dynamics?

The candle market is driven by several key factors, including their use for special occasions like birthdays, weddings, and festivals, as well as in therapeutic settings and spiritual practices. The growth of e-commerce has expanded market opportunities for candle manufacturers and suppliers, allowing them to cater to a global customer base. However, volatility in raw material prices and the availability of alternative products such as electric candles and fairy lights pose challenges to market growth.

Candle Market Segmentation?

Type: The market includes various candle types such as Tea Lights, Votive, Pillars, Birthday Candle, Cartridge Candle, Wax Filled Container Candles, and others. Votive candles, with their slow-burning capacity and decorative appeal, are expected to hold the largest market share by 2029. Pillars candles are also on the rise, especially for parties and interior decoration.

Raw Material: The market encompasses different raw materials like Beeswax, Stearin, Paraffin Wax, Rapeseed Wax, Palm Wax, Soy Wax, and others. Paraffin Wax is set to grow rapidly due to its moldability, cost-effectiveness, and decorative properties.

Distribution Channel: The market includes Offline and Online channels. Offline channels thrive in emerging markets like China, India, and Bangladesh, where customers prefer local accessibility and physical product testing. Online channels are also growing, supported by the increasing use of smartphones and tablets, with renowned brands like Yankee and Louis Vuitton making their mark online.

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Who are Candle Market Key Players?

1. Baltic Candles Ltd
2. Bolsius International BV
3. Delsbo Candle AB
4. Diana Lys A/S
5. Duni AB
6. Erich Kopschitz GmbH
7. Hansa Candle AS
8. Bekro Chemie GMBH
9. KORONA Candles S.A.
10. Suomen Kerta Oy
11. Yankee Candle Europe Ltd
12. Affari AB
13. BISPOL Sp. z o.o.
14. Candle Scandinavia Group AB
15. Ceras Roura
16. Duffy & Scott Candlemakers Ltd
17. Engels Kerzen GmbH
18. Ester & Erik A/S
19. Gebr. Müller Kerzenfabrik AG
20. Korpiahon Hunaja Oy
21. Kynttilä-Tuote Oy
22. Liljeholmens Stearinfabriks AB
23. Monterosa Zelandi Srl
24. The Copenhagen Candle Company Limited
25. VILA HERMANOS CERERÍA SA
26. Seal Aromas Gmbh
27. Contract Candles Ltd
28. Spaas Candles Poland Sp Z O O
29. Bartek Candles

Table of content for the Candle Market includes:

Part 01: Executive Summary

Part 02: Scope of the Candle Market Report

Part 03: Global Candle Market Landscape

Part 04: Global Candle Market Sizing

Part 05: Global Candle Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: Dominates the global candle market, driven by high demand during festive seasons and the presence of leading candle manufacturers in the U.S.

Asia Pacific: Expected to grow rapidly, particularly in India, due to the multitude of festivals celebrated in the region.

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